Online Language Training Market in APAC | Market Size to Grow by $ 13.37 Billion During 2021-2025
Technavio has been monitoring the online language training market in APAC and it is expected to grow by $ 13.37 billion, accelerating at a CAGR of almost 21.92% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Online Language Training Market In APAC : China to lead market growth during the forecast period
- 42% of the market growth will originate from China during the forecast period.
- Growth by the courses segment will be significant however, the increased threat from open sources may impede market growth. T.
- Better employability and education prospects will be a significant factor in driving the growth of the online language training market in APAC .
Online Language Training Market In APAC : Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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 some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Online Language Training Market In APAC : Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive online language training market in APAC growth during the next five years
- Precise estimation of the online language training market in APAC size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the online language training market in APAC industry across China, India, and Rest of APAC
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online language training market in APAC vendors
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of 21.92%.
- What is the incremental growth of the market?
The market is expected to grow by $ 13.37 bn through 2021-2025.
- What is a key factor driving this market?
Better employability and education prospects will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
China, India, and Rest of APAC are the key regions featured in this research report.
- Which is the leading geographic region for this market:
42% growth will originate from China
- Who are the leading market vendors?
The leading vendors in this market are 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
- What are the market segments covered in this report?
The market is segmented by Product (Courses, Support solutions, and Apps), End-user (Individual learners and Institutional learners), and Market Landscape (English, Chinese, German, and Others)