Cloud-Based Language Learning Market By Language (English, Spanish, Chinese, French, German, Japanese, Others), By Training Type (Education, Corporate) - Growth, Future Prospects And Competitive Analysis, 2019 - 2027

Rising Cloud-based Services Market to Boost the Growth of Cloud-based Language Learning Market

The Cloud-based language learning market worldwide is set to grow with a CAGR of 10.4% during the estimation period from 2019 to 2027, starting from US$ 150.8 Mn in 2018. The growing education industry and rising Cloud-based services penetration worldwide enhance the demand for the market. Furthermore, increasing investments by corporates for the training of their employees is also one of the key factors for market growth. In addition, the benefits of Cloud-based language learning, such as flexibility, less cost, easy setup, and others, are helping the market growth. Consequently, we expect the market to show huge growth over the forecast period.

Market Synopsis

English Segment to Continue Leading the Market

The market by language is segmented into English, Spanish, Chinese, French, German, Japanese, and others (Italian, Russian, etc.). In 2018, the English language had dominance, with a contribution of around 25% in the same year, as English is the most spoken language worldwide and widely adopted at educational institutes and corporates. In addition, the rising adoption of the English language in Asian countries such as India, Indonesia, and others due to growing outsourcing work will also lead the segment growth. Therefore, we expect the English segment to continue its dominance throughout the forecast period.

The Asia Pacific will be the Fastest Growing Region

In 2018, North America dominated the market. North America contributed around 35% of the revenue share in the same year. North America has dominance owing to more students coming for higher studies. On the other hand, we presume that the Asia Pacific will show the fastest growth during the forecast period. Developing economies of the Asia Pacific, such as India and China, will be the major contributor owing to the growing adoption of digital learning methods in the countries. In addition, rising digitization and government spending will also boost the market in the region. Consequently, we expect the Asia Pacific to be the fastest-growing region during the forecast period. In addition, the growth of cloud computing services throughout the Africa Continent is driving the growth of this region on the global market.

Some prominent players operating in the Cloud-based language learning market are Duolingo, Linguatronics LC, Rosetta Stone Inc., Speexx, Lesson Nine GmbH, Sanako Corporation, SANS Inc., Culture Alley, Voxy Inc., EF Education First Ltd. among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective segment was calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The Cloud-based language learning market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global cloud-based language learning market based on language, training type, and geography.

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