Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 72.5 Billion | USD 129.3 Billion | 7.5% | 2022 |
The global English language training (ELT) market size was worth around USD 72.5 billion in 2022 and is predicted to grow to around USD 129.3 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.5% between 2023 and 2030.
English as a Second Language, or ELT, programs are made for individuals who have never spoken the language. The individuals will learn the fundamentals of language and communication in this degree program. Italian, French, Spanish, and Mandarin are all language learning opportunities. An excellent place to start is the section on teaching methods. Before teaching someone to speak, read, write, or comprehend spoken English, they must first master these skills. Four unique learning styles and a four-stage learning cycle comprise the two halves of experiential learning theory. People who do not speak English at home can learn the language through the English as a Second Language (ELT) program.
The growing significance of English in professional and business domains drives market growth
A lingua franca, or common language, is English, which enables communication between speakers of different accents. English is the most frequently spoken second language and the most utilized official language in the world, yet standard Chinese and Spanish are the languages with the most native speakers worldwide. English is spoken by a vast number of people, and in the last ten or so years, it has also emerged as the language of choice for trade and business. Because of this, possessing outstanding business English language skills is now essential for any person to succeed in their job. Improved English communication abilities can lead to greater social and career prospects down the line. Communication skills are essential in both job interviews and the working world, and being fluent in English enables one to speak efficiently and clearly.
For instance, 1.35 billion people speak English globally in 2021, according to Babbel GmbH (Germany). The world's population is estimated to reach 7.8 billion. There are about 360 million individuals who are native English speakers. Additionally, it is projected that there are around 212 million English speakers in Europe and about 265 million English speakers in India. Although it is difficult to pinpoint the precise number, English speakers throughout the Americas probably number in the 350 million range. About 297.4 million native English speakers reside in the United States. In Canada, there are an additional 30 million native English speakers. Thus, the aforementioned facts support the global English language training market expansion over the forecast period.
Difficulty in learning the English language impedes market growth
Learning English might be difficult for many people. Since they do not need English, the rural populace in developing economies sees no purpose in acquiring it. The market for English language instruction is growing more slowly as a result of these incorrect notions. Thus, acting as a major restraint for the English language training market growth.
Rising number of students opting to study abroad offers a lucrative opportunity for market growth
The number of students studying abroad has grown as a result of emerging countries' inadequate provision of high-quality education. The majority of students decide to attend universities located in nations where English is the official language of instruction. Due to their superior institutions, these nations are in high demand worldwide. Students who wish to enroll in these schools must take an English proficiency exam (TOEFL or IELTS), which assesses the candidate's oral and written English abilities. Being able to communicate in English is essential for remaining and studying in these nations, which will probably propel demand for English language training. Thus, this is expected to offer a lucrative opportunity for English language training industry growth over the projected period.
Poor privacy and data security laws pose a major challenge to the market growth
As the number of people using the internet rises, so do the cyberattacks. There are risks to data security in the digital English language learning sector. Users are exposed to fraudulent activities, data theft, and the loss of personal information when preventative and defensive measures aren't taken. Learners of English are drawn from a variety of backgrounds, including working professionals and children. A person's right to privacy is violated when private information is revealed. In certain situations, financial loss may deter potential buyers from entering this market.
The global English Language Training (ELT) industry is segmented based on the type, application, and region.
Based on the type, the global market is bifurcated into digital learning, through books learning, and in-person courses. The digital learning segment is expected to dominate the market over the forecast period. The English Language Training (ELT) industry has seen a substantial transformation because of digital learning, which provides students with an abundance of tools, platforms, and resources to improve their language skills. The expansion and efficacy of language learning have been enhanced by the opportunities and benefits that the incorporation of technology into ELT has brought about. As long as they have an internet connection, digital learning platforms give students easy access to English language materials whenever and wherever they are. For students who have hectic schedules or limited access to conventional brick-and-mortar language schools, this accessibility is very helpful.
Based on the application, the English language training industry is bifurcated into educational & tests, businesses, kids & teens, and adults. The adult segment is expected to grow significantly over the projected period. The requirements and objectives of adult learners in the ELT market are varied. While some may wish to improve their communication skills for travel or social interactions, others may desire to increase their English language proficiency for employment prospects or professional progression. A lot of individuals need English language instruction tailored to their career requirements. The goal of business English classes is to improve negotiations, presentations, and communication in the workplace. Thus, driving the market growth.
Report Attributes | Report Details |
---|---|
Report Name | English Language Training (ELT) Market |
Market Size in 2022 | USD 72.5 Billion |
Market Forecast in 2030 | USD 129.3 Billion |
Growth Rate | CAGR of 7.5% |
Number of Pages | 205 |
Key Companies Covered | Pearson ELT, New Channel International, Wall Street English, iTutorGroup, Vipkid, Inlingua International, McGraw-Hill Education, Berlitz Languages, Rosetta Stone, 51talk, Houghton Mifflin Harcourt, New Oriental, AEON, EF Education First, Meten English, Voxy, Global Education (GEDU), and others. |
Segments Covered | By Type, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia Pacific is expected to dominate the market over the forecast period
The Asia Pacific is expected to dominate the global English language training market over the forecast period. The Asia Pacific ELT market caters to a wide range of target demographics, including working adults, college students, school-age children, and those getting ready for immigration or foreign tests. Additionally, the adoption of digital learning platforms and online ELT solutions is on the rise, providing learners with convenient access to English language resources and enabling self-paced learning. For instance, over 50,000 English language schools make up China's English language training market, of which 20,000 are registered players and are mostly represented by private institutes. With over 400 million English language learners, manufacturers have a ton of potential in this market. The majority of players use printed materials and typical classroom instructional strategies. However, consumer awareness and technological advancements have made it necessary to include digital and Internet technologies in the process. Thus, this is expected to drive market growth in the region.
The global English Language Training (ELT) market is dominated by players like:
By Type
By Application
FrequentlyAsked Questions
English as a Second Language, or ELT, programs are made for individuals who have never spoken the language. The individuals will learn the fundamentals of language and communication in this degree program. Italian, French, Spanish, and Mandarin are all language learning opportunities. An excellent place to start is the section on teaching methods. Before teaching someone to speak, read, write, or comprehend spoken English, they must first master these skills. Four unique learning styles and a four-stage learning cycle comprise the two halves of experiential learning theory. People who do not speak English at home can learn the language through the English as a Second Language (ELT) program.
The global trend of using English for business interactions is another significant element driving the expansion of the ELT market. To improve corporate performance and communication, several businesses worldwide have made English their official language.
According to the report, the global English language training market size was worth around USD 72.5 billion in 2022 and is predicted to grow to around USD 129.3 billion by 2030.
The global English Language Training (ELT) market is expected to grow at a CAGR of 7.5% during the forecast period.
The global English Language Training (ELT) market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing demand for English in the business sector.
The global English Language Training (ELT) market is dominated by players like Pearson ELT, New Channel International, Wall Street English, iTutorGroup, Vipkid, Inlingua International, McGraw-Hill Education, Berlitz Languages, Rosetta Stone, 51talk, Houghton Mifflin Harcourt, New Oriental, AEON, EF Education First, Meten English, Voxy and Global Education (GEDU) among others.
The English Language Training (ELT) market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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