Online Language Learning Market Projected to Surge to $38.7 Billion by 2030

The growth of this market is driven by globalization and the growing need for cross-border communication, the growing e-learning market, and the penetration of artificial intelligence in e-learning. However, data security and privacy concerns are expected to restrain this market’s growth. The increasing spending on the education sector, the rising internet and smartphone user base, and the increasing preference for a multilingual workforce by multinational companies are expected to provide significant growth opportunities for stakeholders in this market.