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 2023 to 2030, starting from US$ 10.4% of 182.1 Mn in 2021. Growing education industry and rising cloud- based services penetration worldwide to enhance the demand for the market. Increasing investments by corporates for the training of their employees is also one of the key factors for the market growth. The benefits of cloud- based language learning such as flexibility, less cost, easy setup and others are helping the market growth. As a consequence, we expect that the market will show huge growth over the forecast period.

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 2020, English language has its dominance with contribution of around 25% in the same year. As English is the most spoken language worldwide and widely adopted at educational institutes and corporates. Rising adoption of English language in the Asian countries such as India, Indonesia and others due to growing outsourcing work will also led the segment growth. Therefore, we expect that the English segment will continue its dominance throughout the forecast period.

The Asia Pacific will be the Fastest Growing Region

In 2021, North America dominates the market. North America contributed to around 35% of the revenue share in the same year. North America has its dominance owing to more number of students came 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 growing adoption of digital learning methods in the countries. Rising digitization and government spending will also boost the market in the region.  Consequently, we expect that the Asia Pacific will be the fastest-growing region during the forecast period. The growth of cloud computing services throughout Africa Continent is driving the growth of this region on the global market.

Some of the prominent players operating in the cloud- based language learning market 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 study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Cloud-Based Language Learning market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Cloud-Based Language Learning market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Cloud-Based Language Learning market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Cloud-Based Language Learning market?
• Which is the largest regional market for Cloud-Based Language Learning market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Cloud-Based Language Learning market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Cloud-Based Language Learning market worldwide?