The English language learning market is expected to reach $77.9 billion by 2030 at a 10.5% CAGR.
The rising importance of English in business and professional settings, increasing investments in language education start-ups and small companies, the affordability of English language learning apps, and the growing need for cross-border communication are driving the English language learning market. Some countries’ unwillingness to accept English as the primary language limits this market’s growth.
Growing government spending on education and transnational education (TNE) are predicted to create growth prospects for industry players. However, the shortage of trained English tutors is a key obstacle to English language learning market expansion.
Asia-Pacific will dominate the English language learning industry by 2030. Asia-Pacific’s large market share is due to several factors, including the rising trend of digitalizing educational content, the growing demand for language skills for cross-border work and collaboration, the widespread availability of E-learning courses, the popularity of English learning programs, expanding Internet accessibility, and heightened government focus on education through various initiatives.
The global English language learning industry is predicted to be dominated by tutoring in 2023. This category has a substantial market share due to investments in e-learning tools and technology to improve teaching, the growing need for education, and the demand for cost-effective programs to fill student knowledge gaps. Self-learning programs and applications are expected to grow faster during the projection period.
The 13-17-year-old age group is predicted to dominate the global English language learning market in 2023. This segment has a large market share due to the digitization of public schools, the rising number of English learners, the rise in smartphone users, the demand for kids’ learning apps, the preference for interactive and engaging learning experiences, and the need for immersive and practical language practice. The 18-20 year segment is expected to have the highest CAGR.
According to end user, individual learners will dominate the worldwide English language learning market in 2023. This segment’s huge market share is due to smart device usage, internet accessibility, social media proliferation, and many well-established language learning sites. Additionally, this segment is expected to grow the most over the forecast period.
