Language Learning Software Developers
Business for Sale Industry Economics
2003 - 2019
2019 - 2025
Operators in the Language Learning Software Developers industry create language learning software that includes features such as speech recognition technology, online practice sessions with native speakers, and language learning games.
Over the past five years, the industry has expanded greatly. Long-term trends such as globalization, immigration, and internet connectivity, caused revenue to climb.
Rising per capita disposable income has also benefited the industry by providing consumers with the income they need to purchase industry products, which may be viewed by many consumers as discretionary items.
Over the five years to 2019, industry revenue is expected to climb at an annualized rate of 11.5% to $3.1 billion, including a 7.3% increase in 2019 alone.
The Language Learning Software Developers industry has experienced strong and steady growth over the five years to 2019. Industry players develop language-learning software, which includes features such as speech-recognition technology, online practice sessions with native speakers, and language-learning games.
Rising per capita disposable income, an increasing number of immigrants, and government spending on education have buoyed industry revenue. Key contributions are also coming from a new product: app-based software.
Over the five years to 2019, industry revenue is expected to climb an annualized 11.5% to $3.1 billion, including an increase of 7.3% in 2019 alone.
Over the next five years to 2024, the Language Learning Software Developers industry will continue to expand at a steady pace as demand for industry products increases; however, growth will slow as the market begins to reach saturation.
Continued globalization and immigration rates will increase demand for foreign language learning products and services not just among consumers, but also within corporations and educational institutions.
Moreover, declining barriers to entry and the proliferation of industry software alongside new platforms will continue to encourage new players to enter the industry, resulting in continued competition.
Therefore, over the five years to 2024, industry revenue is forecast to climb at an annualized rate of 6.9% to $4.3 billion. The average industry profit margin, measured as earnings before interest and taxes, is expected to increase slightly to 1.7% of revenue in 2024.
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 capital intensity of the Language Learning Software Developers industry is low. In 2019, $0.04 is spent on capital for every dollar spent on labor by industry operators.
The degree of capital intensity has decreased marginally during the last five years. The capital needs of the sector are quite modest.
Operators often require hardware like computers and servers, as well as software to construct their goods.
Server space, on the other hand, may be obtained for a little charge, and basic software is also reasonably affordable. As a consequence, it is feasible to create a low-cost industry product from the comfort of one’s own home.
Labor, on the other hand, accounts for a considerable amount of industrial revenue, lowering capital intensity even further.
Software developers are highly competent individuals that are in great demand in the technology industry. As a result, industry salaries are rather expensive, and they are frequently a company’s major expenditure.
The revenue volatility in the Language Learning Software Developers market is modest. Revenue has consistently risen over the last five years as a result of changing technologies and growing globalization.
Companies and consumers are increasingly emphasizing the need of understanding various languages as conducting worldwide business becomes simpler.
Students are encouraged to acquire a foreign language even in school. Additionally, as the usage of smartphones has grown, customers have found it easier to obtain and utilize industrial software on their mobile phones. These developments have boosted demand for industry software and, as a result, income.