Business English language training market size to grow by USD 7.20 billion from 2021 to 2026; Growth driven by high demand for vocational English training - Technavio

NEW YORK, March 20, 2023 /PRNewswire/ -- The business English language training market size is estimated to grow by USD 7.20 billion from 2021 to 2026 at a CAGR of 9.76% according to Technavio. The growth of the market is driven by factors such as the high demand for vocational English training, the adoption of m-learning, and the demand for language proficiency assessment and certification. Various forms of English are spoken in different business segments such as aviation, hospitality, finance, law, medicine, and engineering. The growth of these segments has increased the demand for vocational English training. This has encouraged vendors to offer highly specialized forms of business English training courses for specific industries. All these factors are driving the growth of the market. To understand more about the business English training market, request a sample report

Business English Training Market Insights -

• Vendors: 15+, including Alison, Berlitz Corp., British Council, Coursera Inc., edX LLC., EF Education First Ltd., Hello-Hello LLC, inlingua International Ltd., Innovative Language Learning LLC, italki HK Ltd., Language Trainers Corp., Lingoda GmbH, Memrise Ltd., Pearson Plc, Rosetta Stone Ltd., Sanako Oy, Talaera LLC, The Linguist Institute Ltd., Udemy Inc., WordDive Ltd., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: 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)

Business English Language Training Market - Major Challenges

• Advent of open-source materials and courses
• Setup and implementation cost
• Availability of substitutes

The advent of open-source materials and courses is one of the major challenges hindering the growth of the market. The advent of massive open online courses (MOOCs) has increased the availability of free English courses to learners. There are several vendors that offer free sources including eBooks, video lectures, and other digital media. They also provide gamified mobile applications to enable users to learn English while experiencing the benefits of gamification. Vendors such as Duolingo, Memrise, Busuu, and others provide business English language training to learners free of cost. Their free offerings include content from the basic level to the intermediate level. All these factors are expected to reduce the growth potential in the market.

Drivers, trends and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

Business English Language Training Market – Regional Analysis

APAC will account for 46% of the market growth during the forecast period. The presence of a large learner base in countries such as China, Japan, and India is the key factor driving the growth of the market. In addition, factors such as globalization, the expansion of business activities by global players, and the increasing number of startups in China and India are driving the growth of the business English language training market in APAC.

Global Business English language training market - Vendor Insights

The global business English language training market is fragmented with the presence of several vendors. The vendors are launching campaigns globally to train individual learners in English languages, including business English language, to gain a competitive edge in the market. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including –

• Alison - The company offers business English language training though online courses such as Effective Business Communication, English for Business and Entrepreneurship and others.
• Berlitz Corp. - The company offers customized programs for business English language training through face to face and online session.
• Coursera Inc. - The company offers various online courses on business English language training such as business English for non-native speakers specialization, business English, and others.
• edX LLC. - The company offers online course under the name of English for business networking.

The business English language training market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings 
• Get a holistic view of the market

Grow your profit margin with Technavio - Buy the Report

What are the key data covered in this business English language training market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the business English language training market between 2022 and 2026
• Precise estimation of the size of the business English language training market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the Business English language training market industry across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of business English language training market vendors

Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Related Reports:

• The English language training (ETL) market in China will witness a CAGR of 19.75% and is expected to grow by USD 70.81 billion for the forecast period 2021 to 2026. The market is segmented by end-user (institutional learners and individual learners) and product (classroom-based, online, and blended).
• The digital English language learning market in APAC is expected to grow by USD 5.61 billion and record a CAGR of 17.42% during 2021-2025. The market is segmented by end-user (non-academic learners and academic learners), deployment (on-premise and cloud-based), and geography (China, India, and the rest of APAC).

Browse through Technavio's Consumer Discretionary Market Reports

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Learning Method
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 25: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 26: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 27: Chart on Comparison by End-user
• Exhibit 28: Data Table on Comparison by End-user

• 5.3 Institutional learners - Market size and forecast 2021-2026 
• Exhibit 29: Chart on Institutional learners - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Institutional learners - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Institutional learners - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Institutional learners - Year-over-year growth 2021-2026 (%)

• 5.4 Individual learners - Market size and forecast 2021-2026
• Exhibit 33: Chart on Individual learners - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Individual learners - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Individual learners - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Individual learners - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by End-user 
• Exhibit 37: Market opportunity by End-user ($ million)

6 Market Segmentation by Learning Method

• 6.1 Market segments 
• Exhibit 38: Chart on Learning Method - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Learning Method - Market share 2021-2026 (%)

• 6.2 Comparison by Learning Method 
• Exhibit 40: Chart on Comparison by Learning Method
• Exhibit 41: Data Table on Comparison by Learning Method

• 6.3 Online learning - Market size and forecast 2021-2026
• Exhibit 42: Chart on Online learning - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on Online learning - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on Online learning - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Online learning - Year-over-year growth 2021-2026 (%)

• 6.4 Blended learning - Market size and forecast 2021-2026
• Exhibit 46: Chart on Blended learning - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Blended learning - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Blended learning - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Blended learning - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Learning Method 
• Exhibit 50: Market opportunity by Learning Method ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 52: Chart on Market share by geography 2021-2026 (%)
• Exhibit 53: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 54: Chart on Geographic comparison
• Exhibit 55: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 56: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 57: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 58: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 North America - Market size and forecast 2021-2026
• Exhibit 64: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.6 South America - Market size and forecast 2021-2026
• Exhibit 68: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 72: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.8 China - Market size and forecast 2021-2026
• Exhibit 76: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.9 US - Market size and forecast 2021-2026
• Exhibit 80: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.10 India - Market size and forecast 2021-2026
• Exhibit 84: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on India - Year-over-year growth 2021-2026 (%)

• 8.11 UK - Market size and forecast 2021-2026
• Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.12 Japan - Market size and forecast 2021-2026
• Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 96: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 97: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 98: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 99: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 100: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 101: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 102: Matrix on vendor position and classification

• 11.3 Alison 
• Exhibit 103: Alison - Overview
• Exhibit 104: Alison - Product / Service
• Exhibit 105: Alison - Key news
• Exhibit 106: Alison - Key offerings

• 11.4 Berlitz Corp. 
• Exhibit 107: Berlitz Corp. - Overview
• Exhibit 108: Berlitz Corp. - Product / Service
• Exhibit 109: Berlitz Corp. - Key offerings

• 11.5 Coursera Inc. 
• Exhibit 110: Coursera Inc. - Overview
• Exhibit 111: Coursera Inc. - Business segments
• Exhibit 112: Coursera Inc. - Key news
• Exhibit 113: Coursera Inc. - Key offerings
• Exhibit 114: Coursera Inc. - Segment focus

• 11.6 edX LLC. 
• Exhibit 115: edX LLC. - Overview
• Exhibit 116: edX LLC. - Product / Service
• Exhibit 117: edX LLC. - Key offerings

• 11.7 EF Education First Ltd. 
• Exhibit 118: EF Education First Ltd. - Overview
• Exhibit 119: EF Education First Ltd. - Product / Service
• Exhibit 120: EF Education First Ltd. - Key offerings

• 11.8 inlingua International Ltd. 
• Exhibit 121: inlingua International Ltd. - Overview
• Exhibit 122: inlingua International Ltd. - Product / Service
• Exhibit 123: inlingua International Ltd. - Key offerings

• 11.9 Language Trainers Corp. 
• Exhibit 124: Language Trainers Corp. - Overview
• Exhibit 125: Language Trainers Corp. - Product / Service
• Exhibit 126: Language Trainers Corp. - Key offerings

• 11.10 Pearson Plc 
• Exhibit 127: Pearson Plc - Overview
• Exhibit 128: Pearson Plc - Business segments
• Exhibit 129: Pearson Plc - Key offerings
• Exhibit 130: Pearson Plc - Segment focus

• 11.11 Rosetta Stone Ltd. 
• Exhibit 131: Rosetta Stone Ltd. - Overview
• Exhibit 132: Rosetta Stone Ltd. - Business segments
• Exhibit 133: Rosetta Stone Ltd. - Key offerings
• Exhibit 134: Rosetta Stone Ltd. - Segment focus

• 11.12 The Linguist Institute Ltd. 
• Exhibit 135: The Linguist Institute Ltd. - Overview
• Exhibit 136: The Linguist Institute Ltd. - Product / Service
• Exhibit 137: The Linguist Institute Ltd. - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 138: Inclusions checklist
• Exhibit 139: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 140: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 141: Research methodology
• Exhibit 142: Validation techniques employed for market sizing
• Exhibit 143: Information sources

• 12.5 List of abbreviations 
• Exhibit 144: List of abbreviations

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio