HolonIQ releases global study revealing Chinese is now the fastest growing language learning market with 6 million learners globally.
NEW YORK, April 13, 2023 /PRNewswire/ -- Global Education Market Intelligence Platform, HolonIQ, released a new study on the Chinese language learning market that estimates that this $7.4 billion market is set to double to $13.1 billion through 2027 at a CAGR of 12.1%. Powered by more than 6 million learners, Chinese is now the fastest growing language learning market globally.
Today, 1 in 4 people on earth are active language learners and most are learning English as a second language. However, the demand for learning Chinese is growing – especially from K-12 students from the 60 million Chinese diaspora community globally. Meeting this demand are direct-to-consumer providers offering digital solutions and offline solutions. Though offline solutions make up most of the market, digital solutions are growing three-times faster.
"With China's growing global importance, more people than ever before want to learn the Chinese language," said Patrick Brothers, Co-CEO and Co-Founder at HolonIQ. "The demand is especially high among Chinese diaspora families with K-12 students and is being largely met by either weekend schools, language learning centers or digital solutions, like one of the leading online language platforms LingoAce."
Key Stats:
The full report can be downloaded here.
About HolonIQ:
HolonIQ is a market intelligence platform for the global impact economy. We power decisions that matter across climate, education and health, providing data and insights that support growth and innovation seeking to change our future for the better. Our customers are governments, institutions, firms and investors around the world who are leading innovation, technology, policy and investment across the global impact economy. Learn more at www.holoniq.com
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