Future Projection for Global Foreign Language-Learning
Our world continues to globalize. With technology, cultures, and people mix together faster than ever before. As a result, the drive to learn a new language increases daily. This is best seen in the language-learning market. It’s an exciting time for people looking to reach fluency in a new language as future projections point to massive growth in the language-learning market.
How Much Growth Will the Global Language Learning Market See (in USD)?
Verified Market Research points to huge growth in the language learning market over the next 7 years. Currently, the online language learning market has a value of $9.16 Billion USD. Expected growth is at 10.65% from 2019-2026. By 2026, the market size is expected to be around $20.21 Billion USD.
What Is Language-Learning?
Language learning is the process of learning a foreign language. Traditionally, language-learning occurred in a classroom setting, centered around failed language-learning methods. Over time, that process has moved into the online and mobile application arena. And with the magnitude of language learning content on the internet, people find it increasingly easier to reach fluency.
Reasons for Language-Learning Market Growth
Globalization continues to inspire growth in the language learning market, but that’s not the only cause. Ease of access, virtual reality, effective methodology, and an increasing desire for travel have inspired continued growth in the market as well. And you can’t understate the impact technology has on language learning either.
People are more successful in their efforts to learn a language. This success inspires others to revisit previous attempts with the hope of reaching fluency. Potential language-learners also find inspiration in the benefits of being bilingual. And, they want to develop that skill as an asset for all aspects of their lives.
How Does This Affect Language-Learners?
As more people express an interest in language learning, you can expect better and more resources to help people reach fluency. Competition is good for development and innovation. And with more people looking to finally learn a foreign language, more people and businesses will spread awareness and strategies for effective language learning.
How Can I Learn a New Language?
Despite a growing language-learning market and regular innovation in the field, there are still plenty of programs that stick to old, failed methods. These dated-practices ruin the passion of eager language-learners by forcing them to memorize their target language with boring drills and an overreliance on grammar. These platforms are a waste of time and money.
If you want to learn a new language, then you need a platform that gets you SPEAKING, not typing in your new language. OptiLingo uses Guided Immersion and Spaced Repetition Systems to target the most useful, high-frequency words and phrases. For more information on how you can skip the boring drills and memorization and finally start speaking in the language that you’ve always dreamed you could speak, check out OptiLingo today!