Artificial Intelligence
English Language Learning Market Worth $54.9 billion by 2027, Growing at a CAGR of 6.2% From 2020 – Exclusive Report by Meticulous Research® Covering Pre and Post COVID-19 Market Analysis and Forecasts
Redding, California, March 18, 2021 (GLOBE NEWSWIRE) — According to a new market research report “English Language Learning Market by Methodology (Offline Learning, Online Learning, Blended Learning), End User (Individual, Education, Government, Corporate Learners) – Global Forecast to 2027”, published by Meticulous Research®, the English Language Learning Market is expected to grow at a CAGR of 6.2% from 2020 to reach $54.9 billion by 2027.
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English language learning solutions include various methodologies, such as offline learning, online learning, and blended learning. Penetration of artificial intelligence in e-learning, the rising importance of the English language for business and professional reasons, increased investments for English language learning start-ups and small companies, and affordable English language learning applications are the main driving factors. Furthermore, factors such as increasing investments in the education sector and transnational education represent high-growth opportunities for players operating in this market during the forecast period. However, factor such as data security & privacy concerns is expected to hinder the growth of this market to some extent.
Across the globe, technological advances have made the provision and management of English language learning more accessible. New technologies, such as the IoT, cloud computing, mobile Internet, and wearable gadgets, have resulted in the proliferation of English online language learning products and applications. Recent developments, such as the advent of social networking platforms, voice recognition, and computer video cameras, have further expanded the potential of technology to enhance language learning.
Due to the coherent benefits of these technologies, modernization of English and other foreign language learning has been the major focus of many companies, which has paved the way for online language learning platforms. Following this, neural network capabilities were utilized together with AI language education platforms to revolutionize education for students and teachers as well as the enterprise sector. AI algorithms have the potential to advance E-learning in every field. In language learning, AI personalizes teachings and lessons to each learner, reducing the time, cost, and frustration involved in completing online or app-based courses. The integration of AI helps in developing customized English language learning solutions and tracking the learners’ progress. Also, it helps in integrating data from different sources and customizing it for learners. Further, the introduction of wearable technology to learn languages is one of the key trends expected to gain traction in the corporate English language learning market.
Key questions answered in the report-
- Which are the high growth market segments in terms of methodology, end-user, and region/countries?
- What was the historical market for English language learning across the globe?
- What are the market forecasts and estimates for the period 2020-2027?
- What are the major drivers, restraints, opportunities, and trends in the global English language learning market?
- Who are the major players in the English language learning market?
- How is the competitive landscape and who are the market leaders in the global English language learning market?
- What are the recent developments in the global English language learning market?
- What are the different strategies adopted by the major players in the global English language learning market?
- What are the geographical trends and high growth regions/countries?
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Impact of COVID-19 on the English Language Learning Market
The COVID-19 pandemic has significantly impacted the adoption of E-learning platforms. As most schools, colleges, and education institutes are closed, the focus on remote learning platforms has increased. Also, online E-learning platforms are turning out to be a big success in education, especially in schools and higher education, by increasing retention of information through virtual learning. Therefore, the adoption of online E-learning platforms, including English language learning platforms, is experiencing high growth and will continue to grow in the future.
Citing the high potential of this market, key players & governments are actively working to improve their online English language learning platforms. For instance:
• In August 2020, Rosetta Stone Inc. (U.S.) launched Rosetta Stone English for improving speaking, listening, and grammar for academic success. The company believed, due to the lack of blended programs, Rosetta Stone English could be made available to schools and educators to reach their Emergent Bilinguals during the pandemic. This program helps educators track and get detailed insight into students’ performance, whether learning is done in the classroom or remotely.
• The Ministry of Education in the U.K. has been working to increase the translation of COVID-19 materials and ensure that immigrant and refugee service centers also have access to ongoing learning materials.
However, the pandemic has led to decreased offline English language learning as schools are being operated online and by using blended learning.
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The overall English language learning market is primarily segmented by methodology (offline learning, online learning, blended learning), end user (individual learners, educational institutions, government institutes, corporate learners) and geography. The study also evaluates industry competitors and analyzes their market share at the global and regional level.
On the basis of methodology, the blended learning segment commanded the largest share of the overall English language learning market in 2020. The largest share of this segment is mainly attributed to its fact that this method is time & location independent. Moreover, the increasing need for personalized learning for students, rising importance for effective learning methodology, ability to manage learning at individuals’ own pace, and flexibility supported the largest share. However, due to the emergence of new technologies and improvement in digital tools and techniques available online, the online segment is gaining traction in coming years.
Based on end user, the overall English language learning (ELL) market is categorized into individual learners, corporate learners, education institutes, and government institutions. In 2020, the individual learners segment accounted for the largest share of the overall English Language Learning Market. Factors contributing to the large share of this segment include the increasing number of smartphone users, increasing K-12 settings & penetration of online learning, and the emergence of the coronavirus pandemic.
On the basis of geography, in 2020, Asia-Pacific region dominated the global English language learning market. The factors driving the growth of the Asia-Pacific English language learning market are growing government focus towards the education sector, high adoption of digital technologies in educational facilities, high education expenditure, rapidly developing economies, various schemes launched for supporting the digitization in education, and increasing disposable income leading to the penetration of the Internet.
The report also includes extensive assessment of the product portfolio, geographic analysis, and key strategic developments adopted by leading market participants in the industry over the past few years. The English Language Learning Market has witnessed number of partnerships and new product launches & approvals in the recent years.
The key players operating in the overall English language learning market are Cambridge University Press (U.K.), Rosetta Stone Inc. (U.S.), Sanako Corporation (Finland), Duolingo Inc. (U.S.), Transparent Language, Inc. (U.S.), Busuu, Ltd. (U.K.), New Oriental Education & Technology Group Inc. (China), Houghton Mifflin Harcourt (U.S.), Memrise Inc. (U.K.), McGraw-HillEducation, Inc. (U.S.), Lesson Nine GmbH (Germany), and ELSA Corp. (U.S.) among others.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/english-language-learning-market-5127
Scope of the Report:
English Language Learning Market, by Methodology
- Blended Learning
- Offline Learning
- Online Learning
English Language Learning Market, by End User
- Individual Learners
- Education Institutions
- Government Institutions
- Corporate Learners
English Language Learning Market, by Geography
- Asia Pacific
- China
- Japan
- South Korea
- India
- Indonesia
- Australia
- Rest of APAC (RoAPAC)
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe (RoE)
- North America
- U.S.
- Canada
- Mexico
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Latin America
- Brazil
- Rest of Latin America
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Amidst this crisis, Meticulous Research® is continuously assessing the impact of the COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research
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About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Content Source: https://www.meticulousresearch.com/pressrelease/32/english-language-learning-market-2027
Artificial Intelligence
IG Canada Announces Enhanced Trading Platform for Enhanced User Experience
Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.
IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053
View original content:https://www.prnewswire.co.uk/news-releases/ig-canada-announces-enhanced-trading-platform-for-enhanced-user-experience-302127189.html
Artificial Intelligence
Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment
This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sentrycs-now-part-of-the-uk-national-protective-security-authority-catalog-of-security-equipment-302126952.html
Artificial Intelligence
Homestyler to Recruit First Batch of Global Partners in 20 Countries
MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.
Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.
View original content:https://www.prnewswire.co.uk/news-releases/homestyler-to-recruit-first-batch-of-global-partners-in-20-countries-302127111.html
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