Meticulous Research®, a premier global market research firm, has unveiled its latest report titled "South East Asia English Language Learning Market by Methodology (Blended Learning, Online Learning), Learning Mode, Age Group, End User (Individual Learners, Educational Institutes, Corporate Learners), and Country - Forecast to 2030."
According to this report, the South East Asia English Language Learning Market is poised to attain a value of $5.5 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 10% from 2023 to 2030. This growth is propelled by the forces of globalization, which necessitate cross-border communication, as well as the increasing demand for English language proficiency in various professional domains. Additionally, augmented expenditure in the education sector and the preference for multilingual personnel by multinational corporations are foreseen to fuel market expansion.
Nevertheless, the market faces impediments such as the reluctance in some countries to embrace English as the primary means of communication and the dearth of adequately trained professionals to impart English language skills, posing significant challenges for market players.
A notable trend in the South East Asia English language learning market is the extensive adoption of artificial intelligence (AI) in e-learning.
The market segmentation encompasses methodology, learning mode, age group, and end user, with a comprehensive analysis extending to industry rivals and country-specific dynamics.
Methodology-wise, the market is categorized into blended learning, offline learning, and online learning. Blended learning is anticipated to dominate the market share in 2023, driven by escalating demand for online and hybrid learning, particularly in professional training contexts. However, online learning is expected to witness the highest CAGR owing to factors like digitalization in education, smartphone proliferation, emergence of new online platforms, and escalating demand for e-learning.
Regarding learning modes, the market is classified into self-learning apps and tutoring, further bifurcated into one-on-one and group tutoring. The tutoring segment is projected to command the largest share in 2023, propelled by the uptake of personalized and flexible learning platforms. Conversely, the self-learning apps segment is forecasted to register the highest CAGR, driven by burgeoning demand for language apps and the preference for self-paced learning.
Age-wise segmentation includes 40 years. The