Technavio has been monitoring the digital English language learning market and it is poised to grow by USD 14.69 bn during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Digital English Language Learning Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Emphasis on bilingual and multilingual education is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 19.81% and the incremental growth of the market is anticipated to be $ 14.69 bn.
Who are the top players in the market?
EF Education First, Cengage Learning Inc., Oxford University Press, and Pearson Plc, are some of the major market participants.
What is the key market driver?
The adoption of English as a global language is one of the major factors driving the market.
How big is the APAC market?
The North America region will contribute 48% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. EF Education First, Cengage Learning Inc., Oxford University Press, and Pearson Plc are some of the major market participants. The adoption of English as a global language will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Digital English Language Learning Market 2020-2024: Segmentation
Digital English Language Learning Market is segmented as below:
Non Academic Learners
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Digital English Language Learning Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital English language learning market report covers the following areas:
Digital English Language Learning Market Size
Digital English Language Learning Market Trends
Digital English Language Learning Market Industry Analysis
This study identifies emphasis on bilingual and multilingual education as one of the prime reasons driving the digital English language learning market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Digital English Language Learning Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist digital English language learning market growth during the next five years
Estimation of the digital English language learning market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the digital English language learning market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of digital English language learning market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by End-user
Comparison by End user placement
Non-academic learners - Market size and forecast 2019-2024
Academic learners - Market size and forecast 2019-2024
Market opportunity by End user
Market Segmentation by Deployment
Comparison by Deployment placement
On-premise deployment - Market size and forecast 2019-2024
cloud-based deployment - Market size and forecast 2019-2024
Market opportunity by Deployment
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Cambridge University Press
Cengage Learning, Inc.
EF Education First
Houghton Mifflin Harcourt Co.
McGraw-Hill Education, Inc.
New Oriental Education and Technology Group Inc.
Oxford University Press
Rosetta Stone, Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201020005930/en/