NEW
YORK, June 28, 2024 /PRNewswire/ -- The
global business english language training market size is
estimated to grow by USD
4.90 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 5.84%
during the forecast period. High demand for vocational
english training is driving market growth, with a trend
towards growing emphasis on virtual training.
However, advent of open-source materials and courses
poses a challenge. Key market players include 2U Inc.,
Alison, Berlitz Corp., BLTi, British Council, Coursera Inc., EF
Education First Ltd., Graham Holdings Co., inlingua International
Ltd., italki HK Ltd., IXL Learning Inc., Lingoda GmbH, Memrise
Ltd., Pearson Plc, Perfectly Spoken Ltd., Preply Inc., Talaera LLC,
Target Training GmbH, TJ Taylor Ltd., and Udemy Inc..
Get a detailed analysis on regions, market segments, customer
landscape, and companies - Click for the snapshot of this
report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Institutional
learners and Individual learners), Learning Method (Online learning
and Blended learning), and Geography (APAC, Europe, North America,
South America, and Middle East and Africa)
|
Region
Covered
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Key companies
profiled
|
2U Inc., Alison,
Berlitz Corp., BLTi, British Council, Coursera Inc., EF Education
First Ltd., Graham Holdings Co., inlingua International Ltd.,
italki HK Ltd., IXL Learning Inc., Lingoda GmbH, Memrise Ltd.,
Pearson Plc, Perfectly Spoken Ltd., Preply Inc., Talaera LLC,
Target Training GmbH, TJ Taylor Ltd., and Udemy Inc.
|
Key Market Trends Fueling Growth
The Business English Language Training Market is experiencing
significant growth due to the increasing adoption of blended
learning solutions, which combine online training and in-person
instruction (ILT). Virtual training, delivered through webinars,
offers a flexible and interactive learning environment for both
learners and trainers. Berlitz Corp. Is a leading provider of
virtual training options, including group sessions, individual
instruction, and corporate training. Advanced collaboration
technologies, such as communication tools and social features,
enhance the learning experience and drive market growth.
The Business English Language Training market is thriving with a
significant number of businesses seeking to improve their
employees' language skills. Key areas of focus include proficiency
in Adulthood Education, Scholage, and Professional Development.
Comprehension of Business Vocabulary and understanding of Business
Processes are crucial. Working Proficiency in English is essential
for effective communication in an international business
environment. Companies are investing in Comprehensive Training
Programs to equip their workforce with the necessary skills. The
use of Technology in language learning is a trend, with many
providers offering Virtual Training Sessions. The ultimate goal is
to enhance productivity and foster better business
relationships.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The business English language training market faces challenges
from the proliferation of open-source courses and MOOCs. These free
resources, including websites, portals, and applications, offer
efficient business English learning. EdX, for example, provides
micro-credential courses like "English for Doing Business in
Asia." Vendors such as Duolingo,
Memrise, and Busuu also offer free business English training. While
some advanced courses require payment, the availability of free
resources may hinder market growth.
- The Business English Language Training market faces several
challenges. Busineses in various sectors, such as finance,
technology, and marketing, require their employees to communicate
effectively in English. However, finding proficient trainers who
can cater to the unique needs of each organization can be a
challenge. Additionally, keeping up with the latest business
English language trends and adapting to new technologies is
essential. Comprehensive and customized training programs that
address these challenges are in high demand. Companies must also
consider the cost-effectiveness and flexibility of these programs.
Furthermore, ensuring that the training is engaging and interactive
is crucial to maintain learner motivation and retention. Overall,
the Business English Language Training market requires innovative
solutions to meet the evolving needs of businesses.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This business english language training market report
extensively covers market segmentation by
- End-user
- 1.1 Institutional learners
- 1.2 Individual learners
- Learning Method
- 2.1 Online learning
- 2.2 Blended learning
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Institutional learners- The business English
language training market for institutional learners is growing due
to the globalization of businesses and the need for cross-cultural
communication. Corporations in countries like India, France, Italy, Mexico, and China are prioritizing business English
training for their employees to compete globally. Vendors offer
online assessments and tests to evaluate students' language
proficiency, enabling teachers to place them in appropriate
classes. Companies provide cross-cultural training and business
English language courses to maximize performance and expand
operations in diverse regions.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
In the Business English Language Training Market, four-stage
learning plays a pivotal role in enhancing students' English
proficiency. This approach, which includes Pre-Experiential,
Experiential, Reflective, and Abstract Conceptualization stages,
facilitates effective communication skills. Digital learning tools
are increasingly being utilized to supplement traditional books
learning, enabling students in developing economies to access
quality education. Collaborations between educational institutions
and businesses further enrich the learning experience, providing
real-world context and practical applications for English language
skills. Business professionals, in turn, benefit from improved
communication abilities, fostering global competitiveness and
cross-cultural understanding.
Market Research Overview
The Business English Language Training market encompasses
various services and solutions designed to enhance professionals'
English language skills for international business communication.
These offerings cater to various sectors, including finance,
technology, commerce, and education. The training may be delivered
through in-person or online formats, providing flexibility for
learners. The curriculum often covers advanced business vocabulary,
grammar, pronunciation, and communication strategies. Additionally,
some programs may incorporate cultural awareness and etiquette to
ensure effective cross-cultural communication. Overall, the
Business English Language Training market plays a crucial role in
fostering global business connections and facilitating
international trade.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Institutional Learners
- Individual Learners
- Learning Method
-
- Online Learning
- Blended Learning
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/business-english-language-training-market-size-is-set-to-grow-by-usd-4-90-billion-from-2024-2028--high-demand-for-vocational-english-training-to-boost-the-market-growth-technavio-302185326.html
SOURCE Technavio