Duolingo Inc Online Language Learning Market Size Analysis
According to Technavio's analysts, the online language learning market share is expected to increase to USD 29.96 billion from 2021 to 2026, at a progressing CAGR of 18.77%. The market sizing has been built and validated using multiple demand-side and supply-side approaches for a detailed understanding of the online language learning market.
The size of the global online language learning market has been derived by triangulating data from multiple sources and approaches. While arriving at the market size, we have considered data points, such as the size of the parent market and the revenues of key market participants, such as Cengage Learning Inc., Duolingo Inc., EF Education First Ltd., Houghton Mifflin Harcourt Co., McGraw-Hill Education Inc., New Oriental Education and Technology Group Inc., Pearson Plc, Rosetta Stone Inc., Sanako Corp., and Voxy Inc..
The cost benefits and flexibility of online language learning is notably driving the online language learning market growth, although factors such as threat from open sources may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online language learning industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
