Insights Into The Digital English Language Learning Market’s Growth Potential 2024-2033
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The digital English language learning market size has grown rapidly in recent years. It will grow from $8.84 billion in 2023 to $10.39 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to rising internet penetration, personalization and adaptivity, gamification and immersive learning, and cost-effectiveness. The digital English language learning market size is expected to see rapid growth in the next few years. It will grow to $20.20 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to increasing demand in emerging markets, hybrid learning models, focus on employability and career advancement, integration with educational institutions, and expansion of the edtech ecosystem. Major trends in the forecast period include product innovations, partnerships, technological advancements, and integration of artificial intelligence.
The rising demand for online education is expected to propel the growth of the digital English language learning market going forward. Online education refers to delivering educational content, courses, and programs through digital technologies and the internet. The increasing demand for online education is driven by its accessibility, flexibility, affordability, and the evolving needs of learners in the digital age. Online education enhances the effectiveness, accessibility, and convenience of digital English language learning, empowering learners to achieve their language learning goals. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, the number of students enrolled in online education witnessed a notable surge, rising from 71 million in 2020 to 92 million in 2021. Therefore, the rising demand for online education is driving the growth of the digital English language learning market.
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What Are The Key Trends That Influence Digital English Language Learning Share Analysis?
Leading companies in the digital English language learning sector are focusing on developing flagship English learning products to provide effective and engaging solutions. Flagship English learning products are designed to offer practical, interactive, and accessible language learning experiences globally. For example, in March 2023, Duolingo Inc., a US-based educational technology company, introduced Duolingo ABC, a new app aimed at helping children in India aged 3 to 8 learn to read and write in English. This free app features over 700 short lessons covering the alphabet, phonics, and sight words in a fun manner. It includes a child-friendly interface and adapts the learning experience to the child’s reading level, offering personalized lessons like name writing and letter-writing activities.
Which Market Players Are Driving Growth In The Digital English Language Learning Market?
Major companies operating in the digital english language learning market are Pearson plc, New Oriental Education & Technology Group Inc., Oxford University Press, 51Talk English International Inc., VIPKid, Preply Inc., McGraw-Hill Education, Berlitz Corporation, Houghton Mifflin Harcourt, IXL Learning Inc., Chegg Inc., Inlingua International Ltd., Duolingo Inc., iTutorGroup, Lingoda GmbH, Open English LLC, EF Education First Ltd., Transparent Language Inc., Sanako Corporation, LanguageBird LLC, Voxy Inc., LearnCube, Onwards Learning, Yabla Inc., Wall Street English
How Is The Global Digital English Language Learning Market Segmented?
1) By Deployment Mode: On-Premises; Cloud-Based
2) By Business Type: Business-To-Business (B2B); Business-To-Consumer (B2C)
3) By End User: Non-Academic Learners; Academic Learners
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The Digital English Language Learning Global Market Report 2024 provides an overview of the digital english language learningmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The digital english language learning market forecast analyzes digital english language learning market size, digital english language learning market share, leading competitor and their market positions.
The Table Of Content For The Digital English Language Learning Market Include
1. Digital English Language Learning Market Executive Summary
2. Digital English Language Learning Market Segments
3. Digital English Language Learning Market Size And Template Market Growth Rate
4. Key Digital English Language Learning Market Trends
5. Major Digital English Language Learning Market Drivers
……
25. Key Mergers And Acquisitions In The Digital English Language Learning Market
26. Top Digital English Language Learning Companies
27. Digital English Language Learning Market Opportunities And Strategies
28. Digital English Language Learning Market, Conclusions And Recommendations
29. Appendix
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