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 |
| 2019 | 9.9 | 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:
- Internet penetration
- Population structure
- Immigration
- Academic students
- The cost of traditional language classes
Reverse drivers:
- Lack of infrastructure
- The cost of Internet services
Your startup has crossed Death Valley, and it has had at least 2 funding rounds? Discounted Cash Flows (DCF)
Your startup has had at least one funding round, you are advised to use Multiples method for valuation.
Your startup is at pre-seed and seed funding rounds, you are advised to use the Score Cards Method, Risk Factors Summation method to value your startup.
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:
- Competition risk
- Technology risk
- Reputation risk
