Global Online Language Learning market will reach 26.13 billion US$ by the end of 2026
Published Date: 2019/8/12
The Online Language Learning market is relatively fragmented, though there are several big players in the world. The key players are like Vipkid, New Oriental, Berlitz Languages, Pearson ELT, iTutorGroup etc. The big players are from United States and China.
The Online Language Learning sales reached about 8.14 billion USD in 2019 from 3.79 billion USD in 2014 all around the world, with the CAGR of 19%. The Leading growing markets are Asia-Pacific, Middle East and Africa.
China is the largest countries of online language learning in the world in the past few years and it will keep increasing in the next few years. China market took up about 30% of the global market in 2018, while Europe was about 26%, and North America is followed with the share about 16%.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. The international players like taking acquire of other companies, usually related to or can expand with her business. In other words, the big players in this industry now put more effort on the Online Language Learning chain, such as Study Abroad Service.
Top 5 took up about 33% of the global market in 2018. And their annual growth rates are unbalanced.
Looking to the future, the global online language learning market is valued at 6.8 billion USD in 2018 and is expected to reach 26.13 billion USD by the end of 2026, growing at a CAGR of 18% from 2018 to 2026.
Click to view the full report: https://www.qyresearch.com/index/detail/949166/global-online-language-learning-market
This article was first released by QYResearch, if reproduced, please indicate the source.
Telephone number:020-22093278
Contact:press@qyresearch.com
When contacting, please refer to QYR company's Mia introduction.
评论
发表评论