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Language Learning Software Developers in the US - Industry Market Research Report

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    Report

  • 38 Pages
  • September 2023
  • Region: United States
  • IBISWorld
  • ID: 4114866

Fluent Speaker: Increased Government Spending on Education Will Likely Support Industry Growth

Long-term trends like globalization, immigration and internet connectivity have continued to usher in revenue growth for language learning software developers. As the US population becomes more diverse, use of language learning apps expands, especially with Spanish-focused courses. Consumers have continued to prefer on-demand, convenient options for self-improvement and learning, which has fueled revenue growth. Industry-wide revenue has climbed at a CAGR of 2.1% to $4.0 billion over the five years to 2023, when revenue will jump by an estimated 4.2%.

Operators in this industry develop software that teaches users a foreign language. Companies may provide software-based learning methods as an alternative to classroom instruction or as a supplement. Various software features include speech-recognition technology, online practice sessions with native speakers and language learning games.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Rosetta Stone Inc.

Methodology

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