Language Learning Market to Be Worth $124.6 Billion by 2031 – An Exclusive Report by Meticulous Research®

REDDING, Calif., July 30, 2024 /PRNewswire/ — According to a new market research report titled, ‘Language Learning Market by Age Group (40 years), Language (English, Mandarin, Spanish, French, German, Italian, Japanese), End User (B2C, B2B), and Geography—Global Forecast to 2031,’ the language learning market is expected to reach $124.6 billion by 2031, at a CAGR of 10.7% from 2024 to 2031.

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Learning a new language is a highly rewarding skill that can benefit businesses and enable professionals to grow in international markets. Students widely adopt language learning courses to improve communication skills as they migrate to different countries for better education. Online language learning involves acquiring and improving language skills through digital platforms and resources. Online language learning can be web-facilitated, hybrid, or fully virtual classes. It involves accessing language learning materials, interactive exercises, virtual classrooms, and communication tools over the Internet.
Offline language learning has emerged as a valuable and immersive approach that offers learners the benefits of real-time interaction with the convenience of in-person engagement. It usually takes place in a physical location, including a classroom, language school, or business premises. Offline learning provides a setting for more interaction with fewer distractions and allows learners to interact with language instructors in real time for immediate feedback and clarification.
The growth of the language learning market is driven by globalization and the growing need for cross-border communication, the nominal fees of language learning applications, and the increasing utilization of artificial intelligence (AI) in e-learning. However, the reluctance to accept English as a primary language for communication in some countries may restrain the growth of this market.
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Furthermore, multinational companies’ growing preference for multilingual employees and growing investments in start-ups and small companies teaching languages are expected to offer significant growth opportunities in this market. However, the lack of trained professionals to teach language may hinder this market’s growth. Additionally, transnational education (TNE), flexible pricing structure, and enhancing language education through social robots are prominent trends in this market.
The language learning market is segmented by age group (40 years); language (English, French, Spanish, Mandarin, German, Italian, Arabic, Japanese, Korean, and other languages); end user (B2B {Live (Offline [Group Learning and 1:1 Tutoring] and Online [Group Learning and 1:1 Tutoring]) and Web & Mobile Apps} and B2C {Live (Offline [Group Learning and 1:1 Tutoring] and Online [Group Learning and 1:1 Tutoring]) and Web & Mobile Apps}); and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on age group, the global language learning market is segmented into 40 years. In 2024, the