South East Asia Online Language Learning Market to be Worth $1.3 Billion by 2030


Posted April 24, 2024 by shitalt

The South East Asia Online Language Learning Market is projected to reach $1.3 billion by 2030, at a CAGR of 20.1% during the forecast period 2023–2030.
 
According to this latest publication from Meticulous Research®, the South East Asia Online Language Learning Market is projected to reach $1.3 billion by 2030, at a CAGR of 20.1% from 2023 to 2030. The growth of this market is driven by the increasing demand for easily accessible and cost-effective online language learning programs, the growth in the E-learning market, the growing need for cross-border communication due to globalization, and the affordability of online language learning applications. Furthermore, the rising investments in language teaching start-ups and small companies, the rising internet and smartphone penetration, and the growing preference for multilingual employees among multinational corporations are expected to create opportunities for market growth.

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However, data security and privacy concerns restrain the growth of this market. The lack of trained professionals to teach languages is a major challenge for players in this market. Prominent trends in the South East Asia online language learning market include the emergence of gamified language learning apps and platforms, the adoption of AI-powered language learning platforms, and the increasing popularity of transnational education (TNE).

The South East Asia online language learning market is segmented by learning mode, age group, language, and end user. The study also evaluates industry competitors and analyzes the market at the country level.

Based on learning mode, the South East Asia online language learning market is broadly segmented into self-learning apps and tutoring. In 2023, the self-learning apps segment is expected to account for the largest share of the South East Asia online language learning market. This segment's large market share is attributed to advancements in AI and learning platforms, the rising need for self-learning apps in educational institutions, and the increasing adoption of mobile devices and computers. Moreover, this segment is projected to register the highest CAGR during the forecast period.

Based on age group, the South East Asia online language learning market is broadly segmented into 40 years. In 2023, the
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Last Updated April 24, 2024