Pune (India)/Dublin | Digital language learning is becoming increasingly popular in Europe, which is having an impact on market revenues. This is the conclusion of Indian market researcher The Insight Partners in its analysis “Europe digital language learning Market to 2027” published this summer. According to him, the European digital language learning market in 2018 had an annual market value of about 1.28 billion US dollars and is expected to grow to an annual market value of about 3.2 billion US dollars by the end of 2027. If this forecast is correct, average annual growth of 11% would be achieved.
According to The Insight Partners, Germany dominates the European market for digital language learning. There is a high degree of digitalization and many international students in the country who are in great demand for digital language learning solutions.
If you connect this analysis of The Insight Partners with others, the status quo becomes clear. For example, Irish market researcher Research and Markets estimates that cloud-based language training will have an annual growth rate of 7% globally from 2019 to 2024, and is projected to have a market value of about US 8 billion US dollars by the end of 2024. This means that digital language training is likely to grow at an above-average rate in Europe.
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