The Global Cloud Based Language Learning Market to Make USD 6 billion until 2021

The Cloud-based platforms are becoming a perfect language learning mode, which offers a seamless access for information and easy data sharing with multi-user collaboration. The global Cloud Based Language Learning Market to can swing to USD 6 billion by the year 2021 with CAGR of 6.05% in forecast duration.  The global language-learning market is shifting dramatically due to increase in technology and cost-efficient products challenging traditional classroom pedagogy.

As cloud based technologies are supplementing consumer appetite by overcoming geographical barriers, it is best for user access and content. The cloud based learning market is gaining power in cross-cultural awareness and peer communication at affordable cost. The industry segments by geography, users, and language.Vocational training has the largest application in the market with26% revenue share. English is most learnt language grossing of 63% revenue share in 2015.

What are the Opportunities?

The largest cloud based language learning market is larges in APAC for users and revenues. Some of the aspects driving the global language learning market size are increasing internet penetration and devices that support internet introduced to workforce and students. The reduced cost and services by start-ups are further giving people more options to accessing the industry products. Significant interest of users is attracted with venture funds and private equity. There are around 350 language learning start-ups and more globally that are privately funded.

What are the Challenges?

An investment of amount US$ 186 Million in 1.5 years has been done to the market since January 2014 to July 2015. Total amount invested stands to $ 464 million in language learning market from 2010-2013 wherein investments were made the most from US based companies. The challenges to the industry are lack of viable monetization system and need of more continuous investments. As new age learning is given as free to consumers, and very less number of firms are recovering the cost spend on management and creating on content.