Dublin | With an annual growth rate of around 7%, the global cloud-based language training market is set to continue until 2024. The Irish analyst Research and Markets assumes this in his current market study “Cloud-based Language Learning Market – Global Outlook and Forecast 2019-2024”. If this forecast is correct, the market value, also based on Research and Markets calculations, would rise to about 8 billion US dollars by the end of 2024.
According to Research and Markets, corporate learning in particular is responsible for this growth and is increasingly in demand as a modern and efficient form of language teaching. Cloud-based solutions are therefore in demand, as it is also possible to learn on the move at any time and any place. For example, daily commuting to work on public transport can be used to expand language skills: an advantage that no presence language trainer can offer.
According to Research and Markets, increasing outsourcing activities in countries such as India, the Philippines, Indonesia, China and Thailand are also responsible for the fact that cloud-based language training is likely to be increasingly in demand and used in the coming years.
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