The english language training (elt) global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
English Language Training (ELT) Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The English language training (ELT) market size has grown strongly in recent years. It will grow from $78.73 billion in 2023 to $83.55 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to globalization and international communication, education and career opportunities, the need for effective cross-cultural communication, the surge in popularity of online English language courses, and the rise in internet penetration.
The English language training (ELT) market size is expected to see strong growth in the next few years. It will grow to $107.93 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to the growing significance of English, the rising number of students opting to study abroad, increasing globalization, the increasing use of digital platforms and tools, growing demand for a skilled workforce. Major trends in the forecast period include the adoption of technology-enhanced language learning methods, integration of artificial intelligence (AI) and machine learning, product innovation, and public and private investments in digital education infrastructure.
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Scope Of English Language Training (ELT) MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
English Language Training (ELT) Market Overview
Market Drivers –
The growing significance of English is expected to propel the growth of the English language training market going forward. English is a West Germanic language widely spoken and understood globally, primarily used as a first or second language in many countries. English speakers are growing due to globalization, increased access to education, and the dominance of English in international business and media. Effective communication in English requires not just knowledge of vocabulary and grammar, but also the ability to express oneself clearly and confidently. Language training helps learners develop these communication skills through speaking, listening, reading, and writing exercises. For instance, in November 2023, according to a survey of 2,000 people and an analysis of over 4.3 million online searches in the top 100 most populous countries by Preply, a US-based online tutoring platform, there was significant interest in learning English in 2022. In the UAE, an average of 34,800 searches were made for the term ‘learn English’ and a remarkable 1.1 million searches for ‘translate to English’. Similarly, in Malaysia, there were 23 searches for ‘learn English’ per 10,000 of the population, along with 801 searches per 10,000 for ‘translate to English’. Therefore, the growing significance of English is driving the growth of the English language training (ELT) market.
Market Trends –
Major companies operating in the English language training (ELT) market are developing innovative solutions, such as gamified English learning products, to leverage the principles of gamification to make the learning process more engaging, interactive, and enjoyable for users. A gamified English learning product is an educational tool or platform designed to teach English language skills through the integration of gaming elements. For instance, in March 2023, Duolingo, a US-based educational technology company, launched Duolingo ABC to support children in India in their English language learning journey through gamification. The unique feature of Duolingo ABC targets kids aged 3–8 years to enhance children’s English language skills. This free-to-use app offers over 700 engaging lessons covering the alphabet, phonics, and sight words in bite-sized portions. With nine levels to choose from, children can learn at their own pace. The launch of Duolingo ABC expands the company’s reach to young learners, particularly in markets like India, where there is a significant demand for English language learning among consumers.
The english language training (ELT) market covered in this report is segmented –
1) By Product Type: English For Academic Purposes, English As A Foreign Language, English For Speakers Of Other Languages, English As An Additional Language, English As A Second Language, English For Specific Purposes
2) By Learning Method: Classroom, Online, Blended
3) By Application: Educational And Tests, Businesses, Kids And Teens, Adults
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Regional Insights –
Asia-Pacific was the largest region in the English language learning market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the english language training (ELT) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the english language training (ELT) market are EF Education First, Pearson Plc, Vipkid Co, McGraw-Hill Education, Houghton Mifflin Harcourt Publishing Co., New Oriental Education & Technology Group, Duolingo, Rosetta Stone Ltd., TEFL International, Preply Inc., GEDU Global Education, Meten, Novakid Inc., Eleutian Technology Inc. , New Channel International Education Group Ltd., Voxy, iTutorGroup Inc., Aeon Media Group Ltd., Inlingua International Ltd., Clear English Coach, Wall Street English, China Online Education Group, Berlitz Corp., Fluency Corp, Signum International ltd.
Table of Contents
1. Executive Summary
2. English Language Training (ELT) Market Report Structure
3. English Language Training (ELT) Market Trends And Strategies
4. English Language Training (ELT) Market – Macro Economic Scenario
5. English Language Training (ELT) Market Size And Growth
…..
27. English Language Training (ELT) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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