The globalization trend has encouraged businesses to include language education in their strategies for streamlining communication and operations across different locations, thus, fueling the demand for corporate online language learning solutions. Owing to the stringent competition, organizations are establishing their presence in overseas market to gain higher profits and faster growth. These multinational companies are focusing their efforts towards development of vital soft skills in their employees, including business language, to ensure efficiency of operations across different facilities. As the cost and time associated with translation of emails, webinars and other materials from one language to others is causing concern and discrepancies, corporates are adopting single language strategies and training their employees to achieve fluency in that language. For instance, Sodexo of France, Honda Motor Co. Ltd. and Nissan Motor Co., Ltd. of Japan along with many other companies adopted corporate language strategy to streamline their business activities across various locations. However, classroom learning is a time-consuming method which affects the productivity of employees, thus, creating demand for online based learning solutions which facilitate employees with freedom of time and location. Online learning methods such as on-screen streaming, interactive whiteboard, session recordings, exchange of study material or others are commonly used to deliver language education to corporate employees at distant locations. Major firms such as Accenture, Deloitte Touche Tohmatsu Limited and many others provide online learning courses, including language learning, to their employees for workforce skill development. Thus, the corporate language strategies adopted by companies to streamline their international expansion is driving the growth of Corporate Online Language Learning Market Size across the globe.
Some of the players operating in the Corporate Online Language Learning Market Size are Busuu Ltd., Cactus Worldwide Ltd., Communicaid Group Limited, EF Education First, Globibo, inlingua International Ltd., Lesson Nine GmbH, Lingoda GmbH, Pearson and Rosetta Stone Ltd. amongst