Global Opportunity for the Online Language Learning Market:

The overall online language learning market is mainly categorized by product (courses, solutions and support), language (English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and Others), end-user (individual learners, corporate learners, educational institutions, and government learners) and geography. The solutions market is further segmented into software and apps.

Based on product type, the courses segment is estimated to account for the largest share of the overall online language learning market in 2023. The large share of this segment is mainly attributed to the need for higher level skills in the workplace, an increasingly diverse student population, globalization and the growing demand for lifelong learning. The market is expected to reach $69.62 billion by 2029, at a CAGR of 9.5% from 2022 to 2029.

Based on language type, the English language segment is estimated to command the largest share of the overall online language learning market in 2023. With the demand for language learning expected to increase by 20% per annum. The large share of this segment is mainly attributed to the growing need of learning English for businesses to communicate with customers, employees, and officials in their target market which increases the need for online English language learning to overcome language barriers.