Globalization has made language learning an imperative skill for corporates of all sizes. Strong language skills is emerging as an essential ability among employees of the corporates to avoid communication barriers and contribute towards achieving organization’s common objectives. A study published by British Chamber of Commerce highlighted that investment of organizations towards upgrading their employee’s language and cultural skills resulted in an increase of export sales by 45%. A simultaneous positive impact on the employee’s communication, productivity and overall approach towards customer service was observed after the training program.
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Corporates are increasingly investing towards online language training programs to provide convenience and flexibility in learning to its employees. Digital mode of learning through mobile devices are turning out to be cheaper and a much more effective learning tool among the employees of the organizations. Global corporate online language learning market is gaining traction owing to the advancement in digital tools and technologies, which are supporting language learning programs. Wearable technologies such as smart watches, AR and VR headsets, are emerging as essential corporate training tools. Instant availability of resources along with possibility of obtaining immediate feedback are amongst the prominent factors which have led to their increased adoption in the global corporate online language learning market.
The Covid-19 pandemic has had a dramatic impact on the training and education sector. E-learning, wherein the training is conducted remotely through digital platforms has emerged as the only alternative for the masses. Corporates also have been enforced to abide by the social distancing norms and operate with minimum staff within office premises across few countries. Majority of the business have transitioned their operations and have levied work-from-home models, wherein majority of their staff are working remotely. The prevailing situation has encouraged companies to incorporate online learning and training strategies for their employees, which indicate strong growth potential for global corporate online language learning market over the future years.
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The global corporate online language learning market accounted for US$ 2,647.51 in 2020, and is expected to grow at a CAGR of more than 12.9% during the forecast years (2021-2029).
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.
Key Findings of the Report:
- English and business English dominated the global corporate online language learning market in 2020. However, owing to rapid industrialization and increase in migrant employee base, German language is gaining traction and is anticipated to register highest growth rate over the period of next eight years.
- Cloud deployment mode is anticipated to register highest growth rate over the forecast period in the global corporate online language learning market. The Covid-19 pandemic, which has enforced employees to work remotely, is furthering the segment’s growth in the global market.
- Asia Pacific is projected to witness highest growth rate over the period of next eight years in the global corporate online language learning market. Increasing investments by businesses houses in the region along with multiple language speaking communities across Asia Pacific countries is contributing towards the region’s growth in the global market.
- Some of the major players operating in the global 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.
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Global Corporate Online Language Learning Market:
- By Proficiency Level
- By Deployment Mode
- Cloud Based
- By Training Options
- Small Group Lessons
- By Languages
- English And Business English
- Mandarin Chinese
- By Organization Size
- Small & Medium Enterprise
- Large Enterprise
- By Region:
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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