Cloud based language learning platform allows user to acess information and facilitate them data sharing and multi user collaboration effectively. Recent developments have in Cloud based language learning market includes use of advanced technology for education and safely and easily accessible remote functioning capabilities. Furthermore, cloud based language learning platform provide various functionality benefits such as reduction in capital expenditure, enhanced accessibility, and deployment of different language at one platform.
Global cloud based language learning market is an expected to surge during forecast period. This market is demanding investments in technology and integration. The education sector and corporate are foreseen to have an enormous stake in this market. As both education sector and corporate are progressively demanding for cloud based solution and fewer standalone solutions for education and training employees. The market of Cloud based language learning is expected to grow as the businesses and educational institutions are expected to deploy cloud base learning solutions. With increasing demand for cloud based solution from businesses and educational institutions, the cloud based language learning market is expected to show sustainable growth during the forecast period till 2024.
Rise in demand for e-learning technology is expected to drive the growth of cloud based solution. Cloud based solutions offer perfect environment for a virtual classroom to access information easily and effectively. This distinct model is foreseen to serve as a major driver for the cloud based language learning segment. Moreover, with education sector revolutionary technological transformation from traditional classroom education to cloud based education, the market is expected to show sustainable growth during the forecast period. Deployment of cloud-based solution as per organization requirements reduces associated operating expenditure (Opex) and capital expenditure (Capex) of IT. This in turn is further expected to boost demand for cloud based language learning market.
Furthermore, restraining factors for cloud based language learning market includes adoption of cost-efficient and technology-based products that challenge the traditional classroom tutoring. Besides this, selection of suitable cloud based solution for language learning are some factors that are expected to hamper the cloud-based language learning market growth. Moreover, lack of a possible monetization model and the need for continuous investments is expected to hinder the market growth. New players is expected to witness significant challenges in terms of monetization of the end user and dependency on Internet networks.
Inclusion of gamification feature in the eLearning solution is ensuring language learning more efficient and adoptable in school application. This collaboration is expected to create new opportunity for key players operating in the cloud based language learning market during the forecast period.
Cloud Based language learning market can be segmented on the basis of application and region. Based on application, cloud based language learning market can be segregated into higher education, vocational, corporate, examination and others. Cloud Based language learning market based on the geography is fragmented into North America, Europe, Asia Pacific, Middle East and Africa and South America. Asia pacific region is anticipated to report considerable growth in the cloud based language learning market due to presence of major end users and evolving IT sector practices. Middle East and Africa would mature over the forecast period following shift in focus towards efficient infrastructures.
Some of the key players operating in the cloud based language learning market with most significant developments includes Lesson Nine GmbH (Babbel), Goethe Verlag GmbH, Sanako Corporation, OKpanda, Inc., SANS Insitute, Sanoma Corporation, Memrise Inc., busuu Ltd, Duolingo and New Yug Edusoft Pvt. Ltd.