Connect with us

Technology

Business English Language Training Market size is set to grow by USD 4.90 billion from 2024-2028, High demand for vocational english training to boost the market growth, Technavio

Published

on

NEW YORK, June 28, 2024 /PRNewswire/ — The global business english language training market  size is estimated to grow by USD 4.90 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  5.84%  during the forecast period.  High demand for vocational english training is driving market growth, with a trend towards growing emphasis on virtual training. However, advent of open-source materials and courses  poses a challenge. Key market players include 2U Inc., Alison, Berlitz Corp., BLTi, British Council, Coursera Inc., EF Education First Ltd., Graham Holdings Co., inlingua International Ltd., italki HK Ltd., IXL Learning Inc., Lingoda GmbH, Memrise Ltd., Pearson Plc, Perfectly Spoken Ltd., Preply Inc., Talaera LLC, Target Training GmbH, TJ Taylor Ltd., and Udemy Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Institutional learners and Individual learners), Learning Method (Online learning and Blended learning), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

2U Inc., Alison, Berlitz Corp., BLTi, British Council, Coursera Inc., EF Education First Ltd., Graham Holdings Co., inlingua International Ltd., italki HK Ltd., IXL Learning Inc., Lingoda GmbH, Memrise Ltd., Pearson Plc, Perfectly Spoken Ltd., Preply Inc., Talaera LLC, Target Training GmbH, TJ Taylor Ltd., and Udemy Inc.

Key Market Trends Fueling Growth

The Business English Language Training Market is experiencing significant growth due to the increasing adoption of blended learning solutions, which combine online training and in-person instruction (ILT). Virtual training, delivered through webinars, offers a flexible and interactive learning environment for both learners and trainers. Berlitz Corp. Is a leading provider of virtual training options, including group sessions, individual instruction, and corporate training. Advanced collaboration technologies, such as communication tools and social features, enhance the learning experience and drive market growth. 

The Business English Language Training market is thriving with a significant number of businesses seeking to improve their employees’ language skills. Key areas of focus include proficiency in Adulthood Education, Scholage, and Professional Development. Comprehension of Business Vocabulary and understanding of Business Processes are crucial. Working Proficiency in English is essential for effective communication in an international business environment. Companies are investing in Comprehensive Training Programs to equip their workforce with the necessary skills. The use of Technology in language learning is a trend, with many providers offering Virtual Training Sessions. The ultimate goal is to enhance productivity and foster better business relationships. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The business English language training market faces challenges from the proliferation of open-source courses and MOOCs. These free resources, including websites, portals, and applications, offer efficient business English learning. EdX, for example, provides micro-credential courses like “English for Doing Business in Asia.” Vendors such as Duolingo, Memrise, and Busuu also offer free business English training. While some advanced courses require payment, the availability of free resources may hinder market growth.The Business English Language Training market faces several challenges. Busineses in various sectors, such as finance, technology, and marketing, require their employees to communicate effectively in English. However, finding proficient trainers who can cater to the unique needs of each organization can be a challenge. Additionally, keeping up with the latest business English language trends and adapting to new technologies is essential. Comprehensive and customized training programs that address these challenges are in high demand. Companies must also consider the cost-effectiveness and flexibility of these programs. Furthermore, ensuring that the training is engaging and interactive is crucial to maintain learner motivation and retention. Overall, the Business English Language Training market requires innovative solutions to meet the evolving needs of businesses.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This business english language training market report extensively covers market segmentation by

End-user 1.1 Institutional learners1.2 Individual learnersLearning Method2.1 Online learning2.2 Blended learningGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Institutional learners-  The business English language training market for institutional learners is growing due to the globalization of businesses and the need for cross-cultural communication. Corporations in countries like India, France, Italy, Mexico, and China are prioritizing business English training for their employees to compete globally. Vendors offer online assessments and tests to evaluate students’ language proficiency, enabling teachers to place them in appropriate classes. Companies provide cross-cultural training and business English language courses to maximize performance and expand operations in diverse regions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

In the Business English Language Training Market, four-stage learning plays a pivotal role in enhancing students’ English proficiency. This approach, which includes Pre-Experiential, Experiential, Reflective, and Abstract Conceptualization stages, facilitates effective communication skills. Digital learning tools are increasingly being utilized to supplement traditional books learning, enabling students in developing economies to access quality education. Collaborations between educational institutions and businesses further enrich the learning experience, providing real-world context and practical applications for English language skills. Business professionals, in turn, benefit from improved communication abilities, fostering global competitiveness and cross-cultural understanding.

Market Research Overview

The Business English Language Training market encompasses various services and solutions designed to enhance professionals’ English language skills for international business communication. These offerings cater to various sectors, including finance, technology, commerce, and education. The training may be delivered through in-person or online formats, providing flexibility for learners. The curriculum often covers advanced business vocabulary, grammar, pronunciation, and communication strategies. Additionally, some programs may incorporate cultural awareness and etiquette to ensure effective cross-cultural communication. Overall, the Business English Language Training market plays a crucial role in fostering global business connections and facilitating international trade.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userInstitutional LearnersIndividual LearnersLearning MethodOnline LearningBlended LearningGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/business-english-language-training-market-size-is-set-to-grow-by-usd-4-90-billion-from-2024-2028–high-demand-for-vocational-english-training-to-boost-the-market-growth-technavio-302185326.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

WeRide’s Latest Robotaxi GXR to Start First Fully Unmanned Commercial Operations in Beijing

Published

on

By

BEIJING, Feb. 24, 2025 /PRNewswire/ — WeRide (Nasdaq: WRD), a global leader in autonomous driving technology, announced approval to launch its latest generation Robotaxi, the GXR, for fully unmanned paid ride-hailing services in Beijing. This marks WeRide’s second Robotaxi model to achieve fully driverless commercial operations in Beijing and GXR’s first large-scale commercial deployment in China, following its launch on the Uber platform in Abu Dhabi last December.

The service area spans key regions within the Beijing Economic-Technological Development Area, including high-speed railway stations. GXR is also approved for commercial operations on highways, including routes to and from Beijing Daxing International Airport.

In just four months since WeRide officially launched GXR, the company has rapidly progressed to fully unmanned commercial operations, demonstrating “WeRide speed” in the commercial deployment of autonomous driving.

“The commercial launch of Robotaxi GXR in Beijing represents a pivotal achievement for WeRide and the autonomous driving industry,” said Dr. Tony Han, Founder and CEO of WeRide. “By advancing from product launch to unmanned commercial operations in just four months, we’ve demonstrated that autonomous technology is ready to meet various transportation needs at scale. With this expansion, we continue to set the standard for autonomous mobility, making self-driving technology a reality for passengers everywhere.”

The culmination of over five years of WeRide’s dedication to Robotaxi, GXR features industry-leading L4-level redundant drive-by-wire chassis architecture, open mobile travel space, and the world’s first hidden B-pillar design. It can accommodate up to five passengers, offering the widest entry and exit space, the best seating space, and the largest luggage storage space in the Robotaxi industry. Users can hail a GXR on WeRide Go app, available in major mobile app stores.

As the only autonomous driving technology company in the world to achieve commercial Robotaxi operations both in China and overseas, WeRide has launched Robotaxi services in Beijing, Guangzhou, Nanjing, Ordos, Suzhou, and Abu Dhabi. In 2024, WeRide partnered with Uber to launch the largest commercial Robotaxi fleet in the Middle East. In 2025, WeRide will launch fully unmanned Robotaxi operations in Zurich, Switzerland.

WeRide started fully unmanned Robotaxi services in Beijing in June 2023. With the commercial launch of GXR, WeRide will continue to expand the service scope and scale, planning to increase the number of Robotaxi operations in Beijing to several hundred by 2025.

Photo – https://mma.prnewswire.com/media/2626087/1.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/werides-latest-robotaxi-gxr-to-start-first-fully-unmanned-commercial-operations-in-beijing-302383318.html

Continue Reading

Technology

Firebolt Expands into APAC with Sandeep Mathur as Managing Director

Published

on

By

BANGALORE, India, Feb. 24, 2025 /PRNewswire/ — Firebolt, the Data Warehouse for AI applications, today announced the appointment of Sandeep Mathur as the Managing Director, APAC. In this role, Sandeep will drive Firebolt’s growth strategy in APAC, lead regional go-to-market (GTM) efforts, and collaborate with Firebolt’s leadership to build global teams—including support, sales development, and engineering—based in India.

With over 25 years of leadership experience in the technology industry, Sandeep brings a deep understanding of enterprise data and analytics. Prior to joining Firebolt, he held leadership roles at Lentra, Oracle, among others, where he was instrumental in driving business expansion, strategic sales and fostering innovation in technology and data analytics solutions. With his appointment, Firebolt will focus on expanding its footprint in key verticals like financial services, e-commerce, and technology, where real-time analytics and lightning-fast performance are critical.

Eldad Farkash, Co-founder & CEO of Firebolt, commented on the appointment: “Sandeep Mathur’s appointment marks a pivotal moment for Firebolt. His deep understanding of the APAC market, combined with his strategic expertise, will be instrumental as we empower APAC enterprises with a new generation of high-performance analytics, expand partner ecosystems and enhance customer education initiatives that redefine speed, scale, and efficiency.”

Hemanth Vedagarbha, President, Firebolt said, “We are thrilled to have Sandeep Mathur at Firebolt. His deep expertise in scaling high-growth technology businesses and driving customer success in the region makes him an invaluable addition to our leadership team. As Firebolt continues to redefine cloud data analytics with unmatched speed and efficiency, Sandeep’s leadership will play a crucial role in expanding our presence and delivering exceptional value to enterprises across APAC.”

Expressing enthusiasm for his new role, Sandeep Mathur, Managing Director, APAC, Firebolt stated, “Innovation and technology are transforming how businesses in APAC operate. Joining Firebolt at such a pivotal time in the data and analytics landscape, I look forward to helping businesses achieve unmatched performance and efficiency. Firebolt’s innovative approach to cloud data warehousing is setting new benchmarks in performance and cost efficiency. My focus will be on collaborating with enterprises and fast-growing startups across APAC to optimize their cloud data infrastructures and maximize their performance-to-cost ratio. I look forward to partnering with our talented team and stakeholders to help organizations in the region unlock the full potential of their data.”

The APAC region is witnessing a massive shift toward data democratization, AI-powered analytics, and cost-optimized cloud solutions. Firebolt is well-positioned to help businesses achieve unmatched performance and efficiency in data analytics. Sandeep’s appointment underscores Firebolt’s commitment to expanding its global footprint and delivering best-in-class analytics solutions to enterprises worldwide.

About Firebolt: 

Firebolt is the Cloud Data Warehouse designed to handle the speed, scale, and flexibility of AI applications. By delivering ultra-low latency, high concurrency, multi-dimensional elasticity, and flexibility, Firebolt empowers organizations to build data-intensive AI applications that perform at scale. For more information, visit www.firebolt.io and follow on LinkedIn.

Photo: https://mma.prnewswire.com/media/2626063/Sandeep_Mathur_Firebolt.jpg

 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/firebolt-expands-into-apac-with-sandeep-mathur-as-managing-director-302383323.html

Continue Reading

Technology

Hikvision awarded EcoVadis Silver Medal for ongoing sustainability efforts

Published

on

By

HANGZHOU, China, Feb. 24, 2025 /PRNewswire/ — Hikvision has been awarded EcoVadis Silver Medal, a prestigious recognition from the world-renowned sustainability rating platform. This award highlights the company’s ongoing commitment to responsible business practices and its significant contributions toward advancing a more sustainable future, guided by its philosophy of “Tech for A Better World.”

Receiving the EcoVadis Silver Medal marks a key milestone in Hikvision’s sustainability journey globally. EcoVadis, the world’s largest and most trusted provider of corporate sustainability ratings, assesses companies across four critical areas: Environment, Labor and Human Rights, Ethics, and Sustainable Procurement. This comprehensive evaluation measures the sustainability practices of over 150,000 companies in more than 185 countries, taking into account their policies, actions, and results.

“We are extremely proud that, after more than 20 years of dedication, we have not only achieved sustainable growth for our company but also made a meaningful contribution to advancing global sustainable development,” said Huang Fanghong, Senior Vice-President and Chief Compliance Officer of Hikvision, “The recognition from EcoVadis is a testament to the progress we have made through ongoing efforts and strong partnerships across the value chain and industry. It highlights our progress toward stronger governance, more effective practices, and impactful sustainability performance worldwide. We are committed to consistently continuing this journey, striving to achieve our mission of becoming a responsible corporate citizen.”

Innovating for a Greener Future

As an industry leader, Hikvision harnesses innovation to drive the transition toward a greener future, contributing to the effort to combat climate change while addressing the growing demand for environmentally responsible development. In October 2024, Hikvision became the first in the LED display industry to receive the Green Product Mark certification from TÜV Rheinland. This certification underscores the company’s adherence to the highest environmental standards, covering areas such as technical compliance, restricted substances control, carbon footprint reduction, and recyclability.

Advancing Social Responsibility in Business

In the areas of human rights and business ethics, Hikvision and all its employees strictly follow the company’s Code of Ethics and Business Conduct and Global Human Rights Policy. These policies ensure that every individual is treated with dignity and respect, while also fostering an ethical business environment that promotes integrity, accountability, and transparency. In addition, Hikvision extends its commitment beyond the company by actively engaging in social initiatives. Since 2020, Hikvision has implemented the STAR Program for Social Good globally by collaborating with more than 30 NGOs worldwide, leveraging its technology to drive positive changes for the local environment, wildlife and community.

Collaborating with Partners for a Resilient Value Chain

Hikvision strongly values collective efforts in advancing sustainability, as reflected in its comprehensive requirements and evaluations of suppliers’ sustainability performance to meet high environmental and ethical standards. Hikvision also utilizes its innovative technologies to foster a more resilient value chain by supporting the sustainable growth of both upstream and downstream partners, creating long-term value across various industries.

This latest achievement reinforces Hikvision’s continued commitment to advancing sustainability and further underscores the company’s dedication to the Ten Principles of the United Nations Global Compact (UNGC), following its participation in 2024. Moving forward, Hikvision will remain focused on creating a lasting positive impact while driving a more innovative and sustainable future.

About Hikvision

Founded in 2001, Hikvision focuses on integrated security and scenario-based digitalization, and is committed to serving various industries with AIoT technologies. We are committed to integrating corporate social responsibility and sustainability development philosophy into our business, while also being driven by technological innovation.

For more information about our sustainability efforts, please visit here.

Photo – https://mma.prnewswire.com/media/2626050/Hikvision_awarded_EcoVadis_Silver_Medal_ongoing_sustainability_efforts.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/hikvision-awarded-ecovadis-silver-medal-for-ongoing-sustainability-efforts-302383325.html

Continue Reading

Trending