- In terms of revenue, the market size of Europe's corporate online language learning market is anticipated to reach between US$ 739.01 by 2020, growing at a CAGR of 12.01% from 2020 to 2028.
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- Governments of countries such as France and Germany provide support to corporate employees in form of study leaves, grants and others for learning new languages. These government initiatives are fuelling the growth of global corporate online language learning market.
- Amidst the lockdowns imposed by governments to curb the spread of COVID-19 pandemic, corporate employees are adopting online solutions to learn languages from the safety of their home.
- Businesses across the globe are striving to make English as the common corporate language across all of their locations, thus, propelling its share in global corporate online language learning market.
- Large enterprises mandate foreign language learning for their employees due to frequent corporate trips and interactions with international clients and peers, thus, increasing their market share.
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- North America held the highest market share in global corporate online language learning market in 2018. Asia Pacific is expected to register highest growth rate over forecast years owing to the rise in presence of multinational companies which mandate their employees to learn foreign languages.
- Some of the players operating in the corporate online language learning market are Busuu Ltd., Cactus Worldwide Ltd., Communicaid Group Limited, EF Education First, Globibo, inlingua International Ltd., Lesson Nine GmbH, Lingoda GmbH, Pearson and Rosetta Stone Ltd. amongst others.
The detailed research study provides qualitative and quantitative analysis of corporate online language learning market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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