The Global Cloud Based Language Learning Market, By Training Type (Education and Corporate), By Language (English, Spanish, Chinese, French, German, Japanese and Others) and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Global Forecast to 2027”, is expected to be valued at US$ 566.2 million by 2027, exhibiting a CAGR of 13.7 % during the forecast period (2019-2027), as highlighted in a report published by Coherent Market Insights.
Cloud learning is a shared pool of learning courses, resources, and digital assets, which learners and instructors can access via any type of web connected devices such as a computer, mobile devices, satellite, and IP-TV. A cloud-based language learning platform facilitates users to access information and allows data sharing and multi-user collaboration effectively. Moreover, cloud-based solutions can offer an ideal environment for virtual classrooms to access information efficiently and easily. The majority of cloud computing providers use C-Sharp and JAVA to make cloud servers. Hence, the global language market is expected to witness a significant shift during the forecast period, owing to the emergence of cloud-as-a-service. As a result of this, many businesses have shifted to the cloud, offering cloud-based language learning to customers.
The global cloud based language learning market was valued for US$ 202.2 Mn in 2019 is expected to exhibit a CAGR of 13.7% during the forecast period.
Increased private investments in digital learning are expected to boost the global cloud based language learning market growth during the forecast period
Emergence of digital learning has compelled many private institutes to invest significantly in the same. Digital learning offers several benefits including high engagement learning, personalized learning, collaborative learning, quality learning products, expanded learning opportunities, etc. Various private investors across the globe are focused on investing digital learning, in order to exploit its benefits. According to the Coherent Market Insights’ analysis, there are over 350 language learning startups globally that are privately funded through venture capital, private equity firms, and angel investors. Hence, high private investment in digital learning is expected to support growth of the global cloud based language learning market over the forecast period.
Introduction of cloud-based learning in the educational sector is expected to offer significant business opportunities
Cloud computing has tremendous potential to transform the education sector. Cloud-based textbooks are perfect substitutes for expensive university textbooks since the digital content is less expensive than printed content. This, in turn, allows students from humble economic background to gain access to quality learning material. There are various companies across the globe focused on transforming the educational sector. For instance, Pearson Education is moving away from being a traditional publishing company and is leading the way in transforming education digitally. Pearson is developing a cloud-based digital platform with a single editorial and authoring and content distribution capability.
Limited access to the closed market and low engagement of local players are expected to hinder the global cloud based language learning market over the forecast period
Closed market economy of certain countries is major obstruction for growth of the global cloud based language learning market. Closed market economies have no trading activities with outside economies, as closed economies are self-sufficient. This, in turn, hinders the proliferation of cloud-based language learning in the respective countries. Moreover, low engagement of local players to promote cloud-based language learning is hindering the adoption of the same and hence is expected the global cloud based language learning market over the forecast period.
Growing customer base for language learning
In 2013, Rosetta Stone Inc. acquired Livemocha Inc., a major online language learning community. Livemocha Inc. brings with it a community of over 16 million Livemocha members and an extensible Cloud Based learning platform. This acquisition has helped Rosetta Stone Inc. use Livemocha’s ubiquitous and dynamic technology-based language learning platform to offer user access to instructional materials and tools to connect with native language speakers. Moreover, in 2011, Duolingo, situated in Pittsburgh, entered into the market and now offers 21 different and popular languages with a cloud enabled language learning. These languages are available on Android, iOS, and Windows devices. In 2016, its customer base reached 120 million users.
Increasing demand for digital learning
Digital learning involves interactive and absorbing methods of learning through videos, presentations, audio, mobile apps, cloud-based online courses, and e-books. Cloud-based learning is easy to understand information, tracking individual performances, and allowing personalization of lessons which enhances the learning process. Digital techniques enable access to outside classroom learning opportunities. For instance, Lesson Nine GmbH’s Babbel Cloud Based language learning platform offers its users courses which are tailored to native languages. Dialogues and audio, and video examples are recorded with native speakers. Strategies such as communicative didactics and cognitive research optimize how new grammar and vocabulary are saved, received and recalled.
Key players operating in the global cloud based language learning market are Sanako Corporation, Duolingo, EF Education First Ltd., Linguatronics LC, Voxy, Inc., Rosetta Stone Inc., Culture Alley, Speexx, SANS Inc., and Lesson Nine GmbH.