Cloud Based Language Learning Market
Cloud Based Language Learning Market (Training Type - Education and Corporate; Language - English, Spanish, Chinese, French, German, Japanese, Italian, and Russian) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
Press Release :
Global Cloud Based Language Learning Market: Snapshot
Cloud-based language learning solutions have significantly evolved in a very brief time since their introduction sometime less than a decade ago. This nascent market has witnessed impressive growth across several regional markets with well-established cloud and networking infrastructure and continues to embark upon an impressive growth path across many emerging economies across regions such as Asia Pacific. Factors central to cloud computing, such as less operational cost, immense flexibility, easy setup and maintenance of resources, and centralized data storage, allowing access to data anytime, anywhere, have been the key encouragement for language learning companies to switch to cloud from conventional networking models.
In the next few years, cloud-based language learning solutions are expected to become the de facto standard of the language learning industry. Transparency Market Research estimates that the global cloud-based language learning market was worth US$146.3 mn in 2016. The market is expected to reach US$427.5 mn by 2025, expanding at a promising CAGR of 12.8% from 2017 to 2025.
English Learning Courses to Lead to Strong Demand for Cloud-based Services and Solutions
On the basis of training type, the global cloud-based language learning market is segmented into education and corporate. The education segment comprises students in schools and students taking courses in higher education. The corporate segment includes business learners learning languages for various business-related purposes. In 2016, demand for cloud-based language learning solutions in the corporate sector accounted for nearly 50% of the revenue of the global cloud-based language learning market. Over the forecast period, however, the education segment is expected to grow at a higher CAGR compared to the corporate segment.
Based on language, the global cloud based language learning market is segmented into English, Spanish, Chinese, French, German, Japanese, Italian, and Russian. Of these, the segment of English is expected to be the leading adopter of cloud-based language learning solutions in the near future. This is attributable to the rising demand for online English training courses as the language increasingly becomes the preferred language of communication in the fields of academics and businesses across the globe.
North America to Remain Leading Contributor of Revenue to Global Market
From a geographical perspective, the North America market is leading contributor of revenue to the global cloud-based language learning market. In 2016, the region accounted for around 50% of the overall revenue of the global cloud based language learning market. The leading position of North America in the market is primarily attributable to the vast spending on English language learning courses by foreign students enrolled in higher education institutions in the region.
Over the report’s forecast period, the market for cloud-based language learning in Asia Pacific is expected to witness growth at the most promising pace. Countries such as India, China, and Japan in the region are expected to be at the forefront of adoption of cloud-based language learning solutions owing to the vast improvements in networking and technological infrastructures. The market in Asia-Pacific is also fuelled by the large scale adoption of learning technologies in schools and digitization initiatives in academic institutes. Governments in these and other countries in the region have mandated language learning initiatives in school systems, which is also expected to drive the market.
In the highly fragmented vendor landscape of the global cloud-based language learning market, companies resort to growth strategies such as acquisitions and partnerships to expand their global footprint and simultaneously expand their consumer base. Some of the leading players operating in the market are Duolingo, Linguatronics LC, Rosetta Stone Inc., Speexx, Lesson Nine GmbH, Sanako Corporation, SANS Inc., Culture Alley, Voxy Inc. and EF Education First Ltd.
Cloud-based Language Learning Market: Overview
This report aims to provide a comprehensive strategic analysis of the global cloud based language learning market along with revenue and growth forecasts for the period from 2015 to 2025. With advancements in cloud based language learning platforms and rising demand for cloud based language learning for various languages which includes English, Spanish, German, Italian Swedish etc., market is expected to experience high growth in the coming decade. Some of the factors supporting the growth of the market worldwide include the emergence of e-learning technologies and increased technological investments in developing regions such as Asia Pacific, high demand from the emerging markets such as China and India, advent of industry specific cloud based language learning technologies in developed regions such as North America and Europe and increasing awareness of cloud based language learning. The impact of these and other macro and micro economic factors has been analyzed while developing the market growth models.
Cloud-based Language Learning Market: Scope of the Report
This research study on the global cloud based language learning market provides a detailed analysis of cloud based language learning platforms deployed for various languages by end-users such as education sector and business houses depending upon their needs. The report offers an in-depth study of the market drivers, restraints, and growth opportunities. Using these factors, the study identifies various trends prominent in the industry and are expected to influence the market growth during the forecast period from 2017 to 2025. It includes a comprehensive coverage of the underlying economic and technological factors influencing the cloud based language learning market growth. It provides the competitive landscape of key players in the cloud based language learning market in order to highlight the state of competition therein. The report also provides a detailed competitive analysis of the key players in the market and identifies various business strategies adopted by them. The study explains the penetration within each market segment across various geographies, and how these segments have accelerated the growth of the market as a whole.
Cloud-based Language Learning Market: Segmentation
The global cloud based language learning market is analyzed by segmenting it on the basis of training type, language and geography. Based on training type, the market is classified into education and corporate. The education segment includes k-12 and higher education. The corporate segment type covers businesses having language learning needs for their employees. In terms of language, the global cloud based language learning market is segmented into English, Spanish, Chinese, French, German, Japanese and others (Italian, Russian etc.).
Geographically, the global market for cloud based language learning market has been segmented into five regions which are North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. The market size and forecast for each region has been provided for the period from 2015 to 2025 along with the CAGR (%) for the forecast period from 2017 to 2025. The analysis by training type, language and regions helps in evaluating the present scenario and growth prospects of the cloud based language learning market over the forecast period from 2017 to 2025. Thus, the report provides in-depth cross-segment analysis of the market and classifies it into various languages, thereby providing valuable insights at the macro as well as micro levels.
Cloud-based Language Learning Market: Competitive Landscape
A list of recommendations have been provided for new entrants to help them establish a strong presence and for existing market players to take strategic decisions and strengthen their market position in the global cloud based language learning market. The report concludes with the profiles of major players in the cloud based language learning market on the basis of various attributes, such as company overview, financial overview, business strategies, SWOT analysis, segment presence, and recent developments. The major players profiled in this report include Duolingo, Linguatronics LC, Rosetta Stone Inc., Speexx, Lesson Nine GmbH, Sanako Corporation, SANS Inc., Culture Alley, Voxy Inc. and EF Education First Ltd, among others.
by Training Type