Despite continued expansion, the Language Learning Software Developers industry's growth has slowed over the past five years, as the proliferation of industry products and services increased. Despite the recession, factors such as increased globalization and internet connectivity contributed to increased industry revenue. However, the recession did initiate a deceleration in consumers' disposable incomes, immigration and government spending on education, consequently softening demand for industry products. Even more importantly, declining barriers to entry and increased industry participation led to intense market saturation, which has reduced industry growth. Over the five years to 2019, however, the industry will continue to expand at a steady pace as demand for industry products increases. This is because continued globalization and growing immigration will increase demand for foreign language learning products and services not just among consumers, but also within corporations and educational institutions.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.