English Evolvers: Top 10 Companies Revolutionizing Language Education
Author : richa sinha | Published On : 02 May 2024
The English Language Learning Market is poised for substantial growth, with projections reaching an impressive $77.9 billion by 2030, exhibiting a robust Compound Annual Growth Rate (CAGR) of 10.5% from 2023 to 2030. This surge is primarily fueled by the escalating importance of English in professional and business domains, coupled with increasing investments in language education start-ups and small enterprises. The market is further propelled by the affordability and accessibility of English language learning apps, catering to a growing need for cross-border communication.
? Key Drivers Market Expansion :
However, despite these favorable factors, certain challenges persist, including resistance to adopting English as the primary language in some regions, hindering the market's growth potential. Nonetheless, promising opportunities are on the horizon, driven by expanding government spending on education and the rise of transnational education (TNE), which are expected to create lucrative avenues for market players. Nevertheless, addressing the shortage of trained English tutors remains a critical challenge that needs to be overcome to sustain market momentum.
? Top 10 Companies Leading the Charge: https://meticulousblog.org/top-10-companies-in-english-language-learning-market/
Here are the top 10 companies operating in the English Language Learning Market:
New Oriental Education & Technology Group Inc. :New Oriental Education & Technology Group Inc., established in 1993 and headquartered in Beijing, China, offers a comprehensive range of educational services and products, including English language training and online education.
Udemy, Inc. :Udemy, Inc., founded in 2010 and based in California, U.S., is an education technology company providing a diverse array of online courses, including English language instruction.
Houghton Mifflin Harcourt Publishing Company :Houghton Mifflin Harcourt Publishing Company, dating back to 1832 and located in Massachusetts, U.S., specializes in textbooks, instructional materials, and digital learning solutions, including English language learning resources.
McGraw-Hill Education, Inc. :McGraw-Hill Education, Inc., founded in 1888 and headquartered in New York, U.S., offers a wide range of learning solutions, including digital platforms and printed textbooks, with a focus on English language learning.
Cambridge University Press & Assessment: Cambridge University Press & Assessment, established in 1534 and based in Cambridge, U.K., provides extensive learning and research solutions, including English language courses and supplementary materials.
Babbel GmbH :Babbel GmbH, founded in 2007 and headquartered in Berlin, Germany, offers subscription-based language learning software and e-learning platforms, catering to various languages, including English.
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Duolingo, Inc. :Duolingo, Inc., founded in 2011 and based in Pennsylvania, U.S., provides language education through mobile apps and websites, offering personalized, game-like lessons for English learners.
Berlitz Corporation :Berlitz Corporation, established in 1878 and headquartered in New Jersey, U.S., specializes in language training and intercultural communication services, offering tailored programs for individuals and organizations.
Busuu Limited: Busuu Limited, founded in 2008 and based in Madrid, Spain, provides online language learning courses for multiple languages, including English, offering high-quality lessons and interactive platforms.
ELSA Corp. : ELSA Corp., founded in 2015 and headquartered in California, U.S., offers foreign language solutions, including the English Language Speech Assistant (ELSA), an AI-driven pronunciation training tool.
Meticulous Research, in its latest report on the English Language Learning Market, forecasts a growth rate of 10.5% during the forecast period from 2023 to 2030.
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