NEW YORK, The online language training market size in APAC is expected to increase by USD 13.37 billion between 2020 and 2025. The market registered a year-over-over growth of 21.43% in 2021 and will accelerate at a CAGR of 21.92% during the forecast period. The report offers an up-to-date analysis of the exact growth variance and the Y-O-Y growth rates.
The market is fragmented and the degree of fragmentation will accelerate during the forecast period owing to the presence of a large number of players occupying the competitive landscape. Berlitz Corp., Busuu Ltd., Duolingo Inc., inlingua International Ltd., iTutorGroup, Lesson Nine GmbH, Memrise Ltd., Open Education Global Inc., Rosetta Stone Ltd., and Sanako Oy are identified as the dominant players in the market.
Factors such as better employability and education prospects, gamification in language learning, and flexibility in language learning will offer immense growth opportunities for market players. However, the increased threat from open sources, the availability of substitutes, and the extensive use of wearable technology for language learning will challenge the growth of the market participants during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Online Language Training Market in APAC 2021-2025: Segmentation Analysis
Online Language Training Market in APAC is segmented as below:
ProductCoursesSupport SolutionsAppsEnd-userIndividual LearnersInstitutional LearnersLanguageEnglishChineseGermanOthers
By product, the market will observe maximum growth in the courses segment in 2021. Similarly, the demand for online learning will be significant among individual learners and the market growth will be significant in the English language segment during the forecast period.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our online language training market in APAC report covers the following areas:
Online Language Training Market sizeOnline Language Training Market trendsOnline Language Training Market industry analysis
Online Language Training Market in APAC 2021-2025: Vendor Analysis
The report provides a detailed analysis of around 25 vendors operating in the online language training market in APAC. Backed with competitive intelligence and benchmarking, our research report on the online language training market in APAC is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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Online Language Training Market in APAC 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025Detailed information on factors that will assist online language training market growth in APAC during the next five yearsEstimation of the online language training market size in APAC and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the online language training market in APACAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of online language training market vendors in APAC
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