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Digital Language Learning Market to hit $17333.4 Mn, Globally by 2027 at 13.7% of CAGR: The Insight Partners

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Digital Language Learning Market to hit $17333.4 Mn, Globally by 2027 at 13.7% of CAGR: The Insight Partners

November 30
19:10 2021
Digital Language Learning Market to hit $17333.4 Mn, Globally by 2027 at 13.7% of CAGR: The Insight Partners
The Insight Partners
Digital Language Learning Market is emerging with Digitalization Across Schools and Universities & Increasing Number of Asian Students Migrating to Western Countries by 2027

According to The Insight Partners’ latest market study on “Digital Language Learning Market to 2027 – COVID-19 Impact and Global Analysis and Forecast by Language Type (English, German, Spanish, Mandarin, and Others); Deployment Type (On-Premise and Cloud); Business Type (Business-to-Business and Business-to-Customer); End-User (Academic and Non-Academic); and Geography” the market was valued at US$ 6300.4 million in 2019 and is projected to reach US$ 17333.4 million by 2027; it is expected to grow at a CAGR of 13.7% from 2020 to 2027.

COVID-19 Impact on Digital Language Learning Market

The recent outbreak of COVID-19 has brought considerable positive disruption in the existing education sector globally during the past few months. Factors such as social distancing and government-imposed nationwide lockdown have contributed significantly in influencing structural reforms into the current mode of communication and overall learning process through notable penetration of online learning platforms and digital solutions among various academic as well as non-academic institutions globally.

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Furthermore, the disruption in the conventional educational institutions and class-room based learning techniques witnessed a surge in adoption of robust and efficient online and digital learning solutions is projected to continue powering the market’s growth beyond the pandemic in the coming years. For instance, UNESCO along with several leading representative from technology enterprise and ITU (International Telecommunication Union) collaborated to emphasis the economic significance of adoption of digital technologies in learning to enable swift learning capabilities among the larger audience without considerable investment into physical infrastructures among the emerging economies.

Leveraging Advanced and Simplified Technologies to Attract Students Toward Digital Education

In developed countries, such as the US and the UK, the digital education system has gained immense popularity as the students in schools, universities, and other institutions are completely aware of the technologies. However, in APAC and SAM countries, students lack the awareness of technology-driven learning. Several schools, universities, and coaching institutions are implementing digital technologies in their classes. As the digital educational platform developers are constantly upgrading their technologies to offer robust solutions, the adopters in APAC are continuously upgrading their technology infrastructure. The innovative cloud-based educational apps, websites, and other services are expected to create a significant market for digital education, including digital language learning solutions.

Strategic Insights:

Players operating in the digital language learning market are mainly focused on the development of advanced and efficient products.

  • In 2019, Fluenz announced the expansion of its Spanish Luxury Immersion Program to Barcelona, Spain in Spring of 2020.The users would be able to join the program for six days for language learning.
  • In 2018, Preply, Inc. announced its plans to open new office in Barcelona in early 2019. The expansion was a result of $4 Mn funding in July. The company further plans to expand its presence in German, British, American and Latin American markets.

 

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About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Sameer Joshi

E-mail: [email protected] 

Phone: +1-646-491-9876

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Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/pr/digital-language-learning-market/