Market Research

A glance at the market of online language learning market (2020-2025)

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The skill of being multilingual in the modern world provides many cultural, social and occupational opportunities for individuals. With globalization, the circle of people connecting with different cultures and languages is getting closer and closer, and learning a new language will be inseparable. In addition to limited access to what is being taught, face-to-face language learning imposes huge costs on learners whereas online language learning is available to everyone at a lower cost due to the influence of the Internet in the world.

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Market / Industry segment of online language learning

Base Year Market size(B$) Duration(YEAR) CAGR(%) Source Name
2019
5.923 6 13.18% PR news wire
2019
12.49 8 10.20% Verified market research
2020
6.38 7 18.70% meticulous research
2019
8.17 9 12.10% Yahoo Finance
20199.9 6 16.80% The market report

Influencing factors that changes market size of online language learning

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of online language learning market

Direct drivers:

  1. Internet penetration
  2. Population structure
  3. Immigration
  4. Academic students
  5. The cost of traditional language classes

Reverse drivers:

  1. Lack of infrastructure
  2. The cost of Internet services
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This market may also be threatened by following risks:

In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of online language learning market may also be threatened by following risks:

  1. Competition risk
  2. Technology risk
  3. Reputation risk

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