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Global online language learning is estimated to reach US$XX.XX billion by the end of 2015. English is the most demanded language online — followed by French, Hindi, and Spanish. In terms of geographies, majority of the demand comes from US, China, India, and UK.
Online language learning space is witnessing several trends. The segment is witnessing introduction of new portals and mobile apps, as well as more learners adapting to these apps. Further, due to several new players introducing free mobile apps, existing players are re-inventing their revenue models, and are going for collaborations. The segment is also witnessing increase in investment activities, and is one of the sought after segments in education technology.
Market for online language learning is expected to grow at a compound annual growth rate (CAGR) of XX.XX%, and reach US$XX.XX billion by 2020. The growth will be driven by various drivers such as increase in population, internet penetration, use of mobile phone and tablets, and mobilization of students and working professionals.
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