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Language Learning Application (Apps) Market to Surpass USD 32.5 billion by 2029 – Size, Key Segmentation, Recent Initiatives, Latest Trends, and Future Opportunities – Adroit Market Research

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Dallas, Texas, Aug. 15, 2022 (GLOBE NEWSWIRE) — A CAGR of over 22.8% is predicted between 2022 and 2029 for the global language learning market size & share revenue, which was valued at USD 18.2 billion in 2022 and is expected to surpass USD 32.5 billion by 2029.

The global language learning application market is expanding as a result of the low costs and convenience it offers. Programs for learning a language online are less costly than those offered offline. Other advantages of online learning include simple registration, live chats and forums, rapid feedback on tests and quizzes, and self-paced instruction. As a result, the benefits of online language learning and its cheap cost will fuel the expansion of the global online language learning market during the course of the projected period.

A free subscription to Sanako Connect, for instance, was made available by Sanako Corporation in March 2020, a new remote language classroom option for schools. Using a laptop, Chromebook, or iPad, students and instructors may attend sessions from anywhere using Sanako Connect. The platform also enables voice and text-based communication capabilities for teachers and students.

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The language learning application industry is developing swiftly as a result of economic globalization and consumer acceptance of low-cost technology-based products. Additionally, the increased internet and mobile phone usage as well as the inclination of international corporations for bilingual staff present development prospects for the participants in the online language learning industry.

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During the projected period, artificial intelligence (AI) in language learning will present a challenge to the online language learning industry. When compared to conventional techniques of language learning, the use of AI in language learning shortens the time required to learn a language. Online language learning platforms have highly relevant curriculum that are tailored to the demands of their students.

Language Learning Application Market Overview:

Metrics Details
Study Period 2019-2029
Fastest Growing Market: APAC
Market Size in 2029 USD 32.5 billion 
Segment Covered Product, Language type, Mode, Regions
Product Covered Apps, tutoring, SaaS
Language type Covered English, French, Spanish, Mandarin Chinese, German, Italian, Arabic, Japanese, Korean, others
Mode Covered consumer, K12, government, corporate, non-profit, higher education department {HED})
Regions Covered North America, Europe, Asia Pacific, Middle East and Africa, South America
Key Players Profiled Sanako Corporation (Finland), Berlitz Corporation (U.S.), Babbel (Germany), Inlingua International Ltd. (Switzerland), Busuu Ltd (U.K.), Duolingo Inc. (U.S.), iTutor Group (Taiwan), Rosetta Stone Inc. (U.S.), Open Education LLC (U.S.), Memrise Inc. (U.K.), and Linguistica 360, Inc. (U.S.)

Globalization has facilitated cultural and racial harmony. The U.S. Council on Foreign Relations asserts that the global economy is moving away from the English-speaking world because firms must overcome linguistic barriers in order to survive and prosper in a global market. Additionally, it has been found that international customers prefer information in their own language, and it is believed that 60% of online shoppers rarely or never make purchases from English-only websites.

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Additionally, 74.5% of consumers are more inclined to purchase goods if the product’s information is available in their language. Additionally, language learners can get training in a flexible environment with the aid of e-learning. In addition to giving users freedom, this feature also makes it easier for them to manage their time and other obligations. As a result, the expansion of the language learning application market is primarily driven by the rise in technical breakthroughs and e-learning capabilities.

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According to language type, the English language segment is anticipated to be dominated in 2021. Some of the key causes driving up demand and acceptance of the English language include growing globalization, awareness of the need to improve one’s English language abilities, preference for English over other languages, and recognition of English as the universal language.

The Asia-Pacific region is likely to grow at a highest market share in the coming period. Due to factors like increasing enrollment in online higher education, swift international company growth, a sizable young population seeking better employment opportunities, rising smartphone penetration, teacher shortages in rapidly developing countries, government plans for national online education networks, the increasing digitalization of content, the Asia Pacific region is predicted to have the fastest rate of regional market growth during the forecast period.

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Major Points from Table of Contents:
1.    Introduction
2.    Research Methodology
3.    Market Outlook
4.    Language learning application Market by Product, 2017-2027 (USD Billion)
5.    Language learning application Market by Language Type, 2017-2027 (USD Billion)
6.    Language learning application Market by Mode, 2017-2027 (USD Billion)
7.    Language learning application by Region 2017-2027 (USD Billion)
8.    Competitive Landscape
9.    Company Profiles
10.  Appendix

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About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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Artificial Intelligence

ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Email: [email protected]

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Artificial Intelligence

Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
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Sundeep Mehta, +91()9910030732, [email protected] 
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Artificial Intelligence

Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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