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(India.CityRegions.Com, May 18, 2018 ) the global cloud-based language learning market to grow steadily at a CAGR of above 45% by 2025. One of the primary drivers for this market is the rising adoption of cloud platform as a horizontal support. There has been a surge in the adoption of cloud-based language learning among institutions and corporates. The transition can be attributed to the availability of various software solutions critical to either creating language learning courses or delivering them. For instance, there are cloud-based content authoring tool providers that assist in creating and designing content for language learning. Moreover, management tools such as learning management system (LMS) and enterprise resource planning (ERP) are adding momentum to the acceptability of the cloud-based language learning, eventually leading to the growth of the global cloud-based language learning market over the next few years.
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The education industry is rapidly evolving in its journey towards digital transformation. It has emerged as one of the most dynamic industries to embrace the vast advancements in technology, telecommunications, and networking technologies, using them to benefit a number of areas, including global reach and efficiency of content delivery. Cloud computing, owing to its several cost and flexibility benefits, is estimated to be at the core of the education industry’s ongoing digital transformation in the next few years.
Language learning, a key segment of the education industry, is also increasingly shifting towards the cloud computing model and cloud-based language learning solutions are expected to become an important mode of learning languages in the next few years. The rising proliferation of the cloud computing technology, especially in emerging economies across regions such as Asia Pacific, will remain the key driver of the adoption of cloud-based language learning solutions.
Cloud Based Language Learning Market Size and Dynamics
Worldwide Cloud Based Language Learning Market to reach approx. US $6 billion by 2025 and the market to grow at a CAGR of 45% during the forecast period. The Cloud-based platforms are turning out to be perfect language learning environments for that they not only offer seamless access to information and enable easy sharing of data but also foster multi-user collaboration effectively. The global language-learning market is undergoing a dramatic shift on account of a rapid increase in adoption of cost-efficient and technology-based products that challenge the traditional classroom pedagogy. The growth in adoption of cloud based technologies is primarily driven by an increasing consumer appetite for platforms that can overcome geographical barriers, while offering the best of content for user access. Further, the cloud technologies are promoting effective peer communication and cross-cultural awareness at a fraction of cost incurred on the conventional pedagogic methods.
The Worldwide Cloud Based Language Learning Market has been segmented on the basis of language, user segment and geography. Vocational training accounted is the largest application segment, constituting as much as of 45% of the revenue share. While English is the majorly learnt language with a revenue share of 37% in 2018, APAC stands as the largest market for cloud based language learning both in terms of users and revenues.
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Companies Profiled in this report includes, Linguatronics LC, Duolingo, Rosetta Stone Inc., Speexx, Sanako Corporation, Lesson Nine GmbH, SANS Inc., Culture Alley, EF Education First Ltd., Voxy, Inc.
The study objectives of this report are: To study and forecast the market size of Cloud Based Language Learning in global market. To analyze the global key players, SWOT analysis, value and global market share for top players. To define, describe and forecast the market by type, end use and region. To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan, Southeast Asia, India and Rest of World. To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends and factors driving or inhibiting the market growth. To analyze the opportunities in the market for stakeholders by identifying the high growth segments. To strategically analyze each submarket with respect to individual growth trend and their contribution to the market To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market To strategically profile the key players and comprehensively analyze their growth strategies.
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Source: EmailWire.Com
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