This is according to a recent report from Adroit Market Research that anticipates the market to grow at a CAGR of 22.8% through 2029. This should come as no surprise to anyone who has ever used a language learning app on their mobile phone. It is easy, it is convenient, and is often better at teaching than an actual classroom setting.
With the global community shrinking by the day due to high speed internet and a long list of apps that can teach us anything we’d like to learn, this industry should probably be targeted by investors. Why do we say this? Emerging technologies are often massive gainers when it comes to stocks. While the technology might not yet be perfect, it is typically honed and perfected over time.
Companies like Alphabet (NASDAQ:GOOGL) have long been associated with language learning due to its widely used Google Translate app. This technology has expanded from simple text to using smartphone cameras to literally read and translate other languages on the spot.
But it’s not just Google that’s changing the ways in which we learn. Companies like Duolingo (NASDAQ:DUOL), Coursera (NYSE:COUR), and Clickstream Corp (OTC:CLIS) have all put out popular language learning apps. Clickstream’s HeyPal is a unique application that has married the worlds of language learning and social media so that aspiring students can learn directly from native speakers.
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