Sage-Tips

What is the size of the language learning market?

Using a combination of demand side and supply side inputs, the HolonIQ model projects a global language training market of US$115 billion by 2025, up from an estimated US$61 billion as of 2019. “We estimate the language learning market will almost double in size by 2025,” notes the analysis.

What is the size of e-learning industry?

[225+ Pages Research Report] According to Facts and Factors market research report, the Global E-learning Market size & share revenue is expected to grow from USD 144 Billion in 2019 to reach USD 374.3 Billion by 2026, at 14.6\% annual CAGR growth during forecast period of 2020-2026.

How big is the language services industry?

approximately 46.9 billion U.S. dollars
The global language services industry was worth approximately 46.9 billion U.S. dollars in 2019. Over the next two years it was forecasted to experience a growth of five billion U.S. dollars, reaching 56 billion in 2021.

What is the Global e-learning market?

The global e-learning market reached a value of US$ 222.2 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 12.7\% during 2021-2026.

How big is duolingo?

Duolingo

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Industry	Online education, Professional certification, Translation, Crowdsourcing
Services	Language courses, Duolingo English Test, Duolingo for Schools, Tinycards flashcard app
Revenue	$161.7 million USD (2020)
Employees	400+

How many people in the world learn another language?

30 Million People Attempted to Learn a New Language In 2020, According to Duolingo – and This Was the Most Popular | Travel + Leisure.

How much was the size of the E-Learning market in 2019?

E-learning platforms have been witnessing an exponential uptake by the education and corporate sectors over the past three to five years. For instance, according to EdSurge Inc., investments in the U.S. education technology sector reached USD 1.6 billion in 2019.

What is the size of the translation industry?

Translation Services Market size was valued at USD 39.37 Billion in 2020 and is projected to reach USD 46.22 Billion by 2028, growing at a CAGR of 2.07\% from 2021 to 2028. Growing engagements of local markets into businesses have resulted in the growing demand for translation services.

Is translation a multi billion dollar industry?

Translation: A Multi-Billion-Dollar Industry, and Growing.

How many people use language-learning apps?

Today, apps like Duolingo and Babbel have more than 100 million active users, with their numbers increasing by the day (Google Play Store, 2019).

How many people learn on Duolingo?

Duolingo users by language

English	399 million
Spanish	142 million
French	101 million
German	61 million
Italian	40 million