Business English Language Training Market to Grow at a CAGR of Almost 10% During 2020-2024 | 40% Growth to Originate From APAC | Technavio

05-Dec-2020 Intellasia | BusinessWire | 5:00 AM Print This Post

LONDON--(BUSINESS WIRE)--#BusinessEnglishLanguageTrainingMarket--Technavio has been monitoring the business English language training market and it is poised to grow by USD 26.20 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the business English language training market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by end-user, which is the leading segment in the market?
    The institutional learners segment led the market in 2019.
  • What are the major trends in the market?
    The growing emphasis on virtual training is the major trend in the market.
  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of almost 10% during 2020-2024.
  • Who are the top players in the market?
    Berlitz Corp., Coursera Inc., edX Inc., EF Education First Ltd., inlingua International Ltd., Language Trainers Corp., Pearson Plc, Rocket Languages Ltd., Rosetta Stone Ltd., and The Linguist Institute Ltd. are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the high demand for vocational English training. However, the advent of open-source materials and courses will challenge growth.
  • How big is the APAC market?
    APAC held a 40% market share in 2019.

Related Reports on Consumer Discretionary Include:

Global Digital English Language Learning Market - Global digital English language learning market is segmented by end-user (non-academic learners and academic learners), deployment (on-premise deployment and cloud-based deployment), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Global English Language Training (ELT) Market - Global English language training (ELT) market is segmented by end-user (institutional learners and individual learners) and learning methods (classroom-based, online, and blended). Click Here to Get an Exclusive Free Sample Report

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Berlitz Corp., Coursera Inc., edX Inc., EF Education First Ltd., inlingua International Ltd., Language Trainers Corp., Pearson Plc, Rocket Languages Ltd., Rosetta Stone Ltd., and The Linguist Institute Ltd. are some of the major market participants. Although the high demand for vocational English training will offer immense growth opportunities, the advent of open-source materials and courses is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this business English language training market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Business English Language Training Market 2020-2024: Segmentation

Business English Language Training Market is segmented as below:

  • End-user
    • Institutional Learners
    • Individual Learners
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA
  • Learning Method
    • Blended Learning
    • Online Learning

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Business English Language Training Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The business English language training market report covers the following areas:

  • Business English Language Training Market Size
  • Business English Language Training Market Trends
  • Business English Language Training Market Industry Analysis

This study identifies the growing emphasis on virtual training as one of the prime reasons driving the Business English Language Training Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Business English Language Training Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist business English language training market growth during the next five years
  • Estimation of the business English language training market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the business English language training market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of business English language training market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Institutional learners - Market size and forecast 2019-2024
  • Individual learners - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Learning method

  • Market segments
  • Comparison by Learning method
  • Blended learning - Market size and forecast 2019-2024
  • Online learning - Market size and forecast 2019-2024
  • Market opportunity by Learning method

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on the segment
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Berlitz Corp.
  • Coursera Inc.
  • edX Inc.
  • EF Education First Ltd.
  • inlingua International Ltd.
  • Language Trainers Corp.
  • Pearson Plc
  • Rocket Languages Ltd.
  • Rosetta Stone Ltd.
  • The Linguist Institute Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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Website: www.technavio.com/

 

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