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Language Learning Market Share

Report ID: GMI5995
Published Date: Jun 2024
Report Format: PDF

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Language Learning Market Share

Busuu Ltd. (Chegg) and Duolingo held a share of over 10% in the wire wound variable resistors market in 2023. Busuu Ltd. (Chegg) founded in 2008, Busuu Ltd. is a language learning headquartered in London, UK. Offering courses in multiple languages, Busuu utilizes AI technology and a community-based approach to provide personalized learning experiences. In 2021, it was acquired by Chegg, a US-based education technology company. With over 100 million users worldwide, Busuu aims to make language learning accessible and effective through its mobile and web-based.

Duolingo is a popular language learning founded in 2011 by Luis von Ahn and Severin Hacker. Headquartered in Pittsburgh, Pennsylvania, Duolingo offers courses in over 30 languages, utilizing gamification and adaptive learning techniques to engage users. With a mission to make education accessible to all, Duolingo's mobile app and website provide free and premium language learning options, attracting over 500 million users globally.

Language Learning Market Companies

Major players operating in the language learning industry are:

Babbel Gmbh
Berlitz Corporation
Busuu Ltd. (Chegg)
Duolingo
EF Education First
eLanguage, LLC
Houghton Mifflin Harcourt Company

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size of language learning reached USD 61.5 billion in 2023 and is set to witness over 20% CAGR from 2024 to 2032, due to the expansion of the international business and rising globalization.

The Spanish language segment in the language learning industry is poised to grow at 22% CAGR from 2024 to 2032, owing to the global importance and growing economies of Spanish speaking countries.

The individual learner end-user segment in the language learning market is estimated to record more than 200 billion by 2032, attributed to the rising preference for self-paced learning, where individuals can control the time and speed of their language learning journey.

Europe market accounted for more than 30% share in 2023, led by the presence of strong digital infrastructure and wide internet penetration in the region.