Language Learning Apps Market to be Worth $26 Billion by 2030


Posted January 8, 2024 by Savi11

The global Language Learning Apps Market is expected to grow at a CAGR of 21.2% from 2023-2030 to reach $26 billion by 2030

 
Meticulous Research®—a leading global market research company, published a research report titled, ‘Language Learning Apps Market by Offering, Learning Mode (One-on-one, Group), Age Group, Language, End User (Individual Learners, Educational Institutes, Government Bodies, Corporate Learners), and Geography - Global Forecast to 2030’.

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According to this latest publication from Meticulous Research®, the global Language Learning Apps Market is expected to grow at a CAGR of 21.2% from 2023-2030 to reach $26 billion by 2030. The growth of this market is driven by the growing e-learning market, globalization, the growing need for cross-border communication, and the minimal cost of language learning apps. However, a lack of comprehensiveness in a single platform may restrain the growth of this market.

The increasing spending on the education sector, rising internet and mobile phone user base, and growing preferences for multilingual employees by multinational companies are expected to create market growth opportunities. However, the need to ensure the quality and effectiveness of language learning materials and programs and limited access to high-speed internet or smart devices is a major challenge for the players operating in this market. Additionally, the integration of artificial intelligence (AI) & robot technology are major trends in the global language learning apps market.

The global language learning apps market is segmented based on offering, learning mode, age group, and end user. The study also evaluates industry competitors and analyses the market at the country level.

Speck to our analyst @ https://www.meticulousresearch.com/speak-to-analyst/cp_id=5658?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=08-01-2024

Based on offering, the global language learning apps market is segmented into online courses and apps, tutoring, and software as a service (SaaS). In 2023, the online courses and apps segment is estimated to account for the largest share of the language learning apps market. The growth of this segment is driven by the growing need for certificates and credentials recognized by institutions, the increasing need to access educational content from anywhere, the need for cost-effective, diverse course offerings, and increasing government support for online education initiatives and investments in digital infrastructure. However, the tutoring segment is projected to register the highest CAGR during the forecast period due to the growing need for one-to-one online tutoring to maximize engagement and comprehension, increasing focus on individual learner needs for skill improvements, increasing need for customized and personalized learning experience, and growing need of cultural insights, context, real-world applications of languages from online tutors.

Based on learning mode, the language learning apps market is segmented into one-on-one learning and group learning. In 2023, the one-on-one learning segment is estimated to account for the largest share of the language learning apps market. The growth of this segment is driven by globalization and interconnectedness, the need for highly personalized experiences tailored to the individual learner's pace, the increasing need for more cost-effective alternatives to traditional language schools or immersion programs, growing focus on specific learning objectives, rising demand for job opportunities, growing need for continuous self-improvement and skill development are driving the growth of this segment. However, the group learning segment is projected to register the highest CAGR during the forecast period due to the opportunities it provides for learners to experience and adapt to various teaching and learning methods, the increasing need for personalized and flexible language education experiences, increasing need for peer evaluation for continuous improvement, the need for real-time feedback on pronunciation, grammar, and language usage with the convenience of in-person interaction.

Based on age group, the language learning apps market is segmented into 40 years. In 2023, the
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Issued By Savita
Country India
Categories Blogging , Education , Marketing
Tags language learning apps market , language learning apps , language learning , language , learning
Last Updated January 8, 2024