Online Language Classes Market to Reach $28.9 billion, Globally, by 2032 at 14% CAGR: Allied Market Research
PORTLAND, Ore., April 12, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Online Language Classes Market by Language Offering (Popular Languages, Niche Languages), Age Group (Children, Teenager, Adult), and Level (Beginner, Intermediate, Advanced): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the "online language classes market" was valued at $7.8 billion in 2022, and is estimated to reach $28.9 billion by 2032, growing at a CAGR of 14% from 2023 to 2032.
- As a result, online language classes catering to these widely spoken languages attract a significant portion of learners, contributing to their substantial market share in the online language learning industry.
- This demographic values the ability to fit language learning into their busy schedules, which online classes readily accommodate.
- The above mentioned factors have made the teenager segment the dominant force in the global online language classes market.
- In addition, the presence of reputable online language learning platforms and institutions, as well as government initiatives to promote language education, have contributed to the dominance of the North America segment in the global online language classes market.