DUBLIN--(BUSINESS WIRE)--The "English Language Learning - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global English Language Learning Market to Reach US$27 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for English Language Learning estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$27 Billion by 2027, growing at a CAGR of 15.8% over the period 2020-2027.
Digital, one of the segments analyzed in the report, is projected to grow at a 16.6% CAGR to reach US$21.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Through Books segment is readjusted to a revised 12.9% CAGR for the next 7-year period. This segment currently accounts for a 23.4% share of the global English Language Learning market.
The U. S. Accounts for Over 28.8% of Global Market Size in 2020, While China is Forecast to Grow at a 20.7% CAGR for the Period of 2020-2027
The English Language Learning market in the U. S. is estimated at US$2.8 Billion in the year 2020. The country currently accounts for a 28.77% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$5.4 Billion in the year 2027 trailing a CAGR of 20.7% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR while Rest of European market (as defined in the study) will reach US$5.4 Billion by the year 2027.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Berlitz Languages, Inc.
- Edusoft Ltd.
- EF Education First
- Global Education Limited
- HAWO English International, Inc.
- Houghton Mifflin Harcourt (HMH)
- inlingua International Ltd.
- Linguatronics, LC
- McGraw-Hill Education
- New Channel International Education Group Limited
- New Oriental Education & Technology Group
- OKpanda, Inc.
- Pearson English Language Teaching (ELT)
- Rosetta Stone Ltd.
- Sanako Corporation
- Sanoma Group
- SANS Inc.
- Shenzhen METEN International Education & Technology Co. Ltd.
- Transparent Language, Inc.
- TutorABC Inc
- Vipkid
- Voxy, Inc.
- WSE Hong Kong Limited
For more information about this report visit https://www.researchandmarkets.com/r/xflqp1
