Cloud Based Language Learning Market

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Coherent market insightsMarket Research and
Business Consulting Services
https//www.coherentmarketinsights.com/market-insi
ght/cloud-based-language-learning-market-3589
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Market Overview

• In cloud-based language learning, resources are
  stored in the cloud and can be accessed from
  mobiles and computers. A cloud-based language
  learning platform facilitates users to access
  information and allows data sharing and
  multi-user collaboration effectively. Growing
  demand for e-learning technology has increased
  the demand for cloud-based solutions. Cloud-based
  solutions offer an ideal environment for a
  virtual classroom to access information
  effectively and easily. The majority of cloud
  computing providers use C-Sharp and JAVA to make
  cloud servers. Hence, the global language market
  is expected to witness a significant shift during
  the forecast period, owing to emergence of
  cloud-as-a-service. As a result of this, many
  businesses have shifted to the cloud, offering
  cloud-based language learning to customers.

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• The Global Cloud Based Language Learning Market,
  By Training Type (Education and Corporate), By
  Language (English, Spanish, Chinese, French,
  German, Japanese and Others) and by Region (North
  America, Latin America, Europe, APAC and Middle
  East Africa) - Global Forecast to 2027, is
  expected to be valued at US 566.2 million by
  2027, exhibiting a CAGR of 13.7 during the
  forecast period (2019-2027), as highlighted in a
  report published by Coherent Market Insights.

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Market Dynamics- Drivers

• Constant advancements in cloud-based technologies
  are expected to drive growth of the global cloud
  based language learning market during the
  forecast period
• According to the Telecom Regulatory Authority of
  India (TRAI), a consultation paper on cloud
  computing published in June 2016, cloud computing
  accounted for 33 of IT expenditure globally in
  2015. Various organizations around the world are
  investing heavily in cloud infrastructure since
  it offers various benefits to academics.
  Moreover, it can be used as a personal workspace
  and enhances learning and teaching experiences.
  Cloud-based or Web 2.0 technologies are a vast
  array of free or nearly free, socially oriented,
  and web-based tools such as collaborative,
  generative, documentative, communicative, and
  interactive Web 2.0. Furthermore, Web 2.0 tools
  support collaboration and sharing information
  required for active and social learning. Hence,
  these factors are expected to drive the global
  cloud-based language learning market during the
  forecast period.

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• Increasing proliferation of cloud computing
  technology is expected to propel the global cloud
  based language learning market growth over the
  forecast period
• In the recent past, the education sector has
  started gradually shifting towards digital
  transformation. It has emerged as one of the most
  dynamics industries to adopt advancements in
  telecommunication, technology, networking
  technologies, etc. Language learning is a key
  segment in the education industry and is rapidly
  shifting towards the cloud computing model and
  cloud-based learning solutions, which in turn, is
  expected to become an essential model of language
  learning in the near future. Thus, growing
  proliferation of cloud computing technology is
  expected to support the global market growth over
  the forecast period.

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• North America region dominated the global cloud
  based language learning market in 2019,
  accounting for 49.0 share in terms of value,
  followed by Europe and Asia-Pacific, respectively

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Market Dynamics- Restraints

• Concerns regarding privacy, security, and
  reliability are expected to hamper the global
  cloud based language learning market growth over
  the forecast period
• Cloud computing face many challenges regarding
  data privacy protection such as storage, access,
  audit, retention, compliance, destruction, audit,
  and monitoring breaches of different legal
  systems. Privacy concerns in cloud computing is a
  technical as well as legal problem. Moreover,
  security is extremely crucial for some e-learning
  material. In fact, reliability is also concern in
  emerging economies, which adopt cloud computing.
  Thus, these factors are expected to hamper the
  global cloud based language learning market
  growth over the forecast period.

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• Lack of viable revenue and monetization model is
  expected to hamper the global cloud based
  language learning market growth during the
  forecast period
• Although cloud-based language learning offers
  multiple prospects for revenues, there is no
  standard or set viable model for monetization.
  Different cloud computing providers across the
  globe have implemented their own individual
  strategy, which may or may not profit the
  customers. Thus, standard model for revenue and
  monetization is necessary. Therefore, lack of
  viable revenue and monetization model is expected
  to hamper the market growth in the near future.

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Market Opportunities

• Advent of cloud-based learning in educational
  sector can present lucrative growth opportunities
• Cloud computing holds enormous potential to
  transform the education sector. Cloud-based
  textbooks are ideal substitutes for expensive
  university textbooks since the digital content is
  less expensive than printed content. This, in
  turn, allows students from humble economic
  background to gain access to quality learning
  material. There are various companies across the
  globe focused on transforming the educational
  sector. For instance, Pearson Education is moving
  away from being a traditional publishing company
  and is leading the way in transforming education
  digitally. Pearson is developing a cloud-based
  digital platform with a single editorial and
  authoring and content distribution capability.

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• Growing eagerness towards learning programing
  languages is expected to provide major business
  opportunities
• Cloud-based language learning platform overcome
  geographical barriers with students from around
  the world learning/interacting with any teacher.
  Moreover, cloud-based learning offers the best
  content available for the user, which is expected
  to boost the market growth. Cloud technologies
  promote cross-cultural awareness and effective
  peer communication. This, in turn, supports more
  and more people to learn different languages at a
  very small cost.

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• Growing eagerness towards learning programing
  languages is expected to provide major business
  opportunities

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Market Trends

• Growing importance of gamification
• In a language learning environment, the success
  of any platform is dependent on its capability to
  engage customers for a long time. Gamification
  makes language a fun learning activity, thereby
  giving it a chance to move away from conventional
  and repetitive language learning methods.
  Furthermore, Memrise offers a fun based language
  learning solution as it aims to make learning a
  playtime activity. Memrise has turned language
  and learning facts into a game where the learner
  grows a colorful garden of memory. So each time
  the user recalls that word, it helps to grow a
  little bit like watering a little flower.

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• Social learning as a tool of language learning
• Social media has become a chief module to connect
  geographically separated employees and
  workforces. Cloud-based learning offers
  collaboration through social media. By social
  learning, learners create discussion and public
  notes related to online assets and view
  up-to-date news feeds of content and activities
  generated by users and follow colleagues of
  interest. For instance, Moodle is a customizable
  and scalable open-source platform that features
  classroom management, built-in course authoring,
  and mobile learning along with social learning.
  It can be used in corporate or business
  applications. However, it is mainly used in
  educational institutions, since it is open-source
  and free to use.

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Segment Information

• In global cloud based language learning market by
  training type, corporate sub segment dominated
  the global market in 2019, accounting for 50.4
  share in terms of value.

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Competitive Section

• Key players operating in the global cloud based
  language learning market are Sanako Corporation,
  Duolingo, EF Education First Ltd., Linguatronics
  LC, Voxy, Inc., Rosetta Stone Inc., Culture
  Alley, Speexx, SANS Inc., and Lesson Nine GmbH. 

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Key Developments

• Major market players are focused on product
  launches, in order to enhance their product
  portfolio. For instance, in September 2019,
  Rosetta Stone Inc., a U.S.-based software
  company, introduced a new language training
  enterprise solution for corporate customers with
  unlimited live tutoring and personalized
  feedback.
• Key companies in the market are involved in
  product launches, in order to expand their
  product portfolio. For instance, in November
  2017, SANS Inc. introduced new Pronunciation
  Activity Tool, which is part of SANSSpace
  interactive language learning platform.

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