Technavio has been monitoring the corporate online language learning market in Europe and it is poised to grow by USD 698.85 mn during 2020-2024, progressing at a CAGR of over 10% 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 Corporate Online Language Learning Market in Europe 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the corporate online language learning market in Europe. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
What are the major trends in the market?
Growing implementation of language cloud services is a major trend driving the growth of the market
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 10% and the incremental growth of the market is anticipated to be $ 698.85 mn
Who are the top players in the market?
Berlitz Corp., EF Education First Ltd., eSplice Ltd., Fluenz Inc., inlingua International Ltd., Innovative Language Learning LLC, Linguaphone, Linguarama Ltd., Rosetta Stone Inc., and Sanako Corp. are some of the major market participants.
What is the key market driver?
The rising demand for digital learning is one of the major factors driving the market
How big is the cloud-based market?
The cloud-based segment will contribute to 43% of the market share
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Berlitz Corp., EF Education First Ltd., eSplice Ltd., Fluenz Inc., inlingua International Ltd., Innovative Language Learning LLC, Linguaphone, Linguarama Ltd., Rosetta Stone Inc., and Sanako Corp. are some of the major market participants. The rising demand for digital learning will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this corporate online language learning market in Europe forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Corporate Online Language Learning Market in Europe 2020-2024: Segmentation
Corporate Online Language Learning Market in Europe is segmented as below:
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Corporate Online Language Learning Market in Europe 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 corporate online language learning market in Europe report covers the following areas:
Corporate Online Language Learning Market in Europe Size
Corporate Online Language Learning Market in Europe Trends
Corporate Online Language Learning Market in Europe Industry Analysis
This study identifies growing implementation of language cloud services as one of the prime reasons driving the corporate online language learning market in Europe 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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Corporate Online Language Learning Market in Europe 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist corporate online language learning market in Europe growth during the next five years
Estimation of the corporate online language learning market in Europe size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the corporate online language learning market in Europe
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of corporate online language learning market in Europe vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Deployment
Comparison by Deployment placement
On-premise - Market size and forecast 2019-2024
Cloud-based - Market size and forecast 2019-2024
Market opportunity by Deployment
Germany - Market size and forecast 2019-2024
France - Market size and forecast 2019-2024
UK - 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
EF Education First Ltd.
inlingua International Ltd.
Innovative Language Learning LLC
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/20201125005733/en/