Wall Street English

New Study Reveals English Language Learning Set for Significant Growth

BARCELONA, Spain, January 14, 2019 /PRNewswire/ --

• 1.4 billion adults globally open to taking an English language course, boosting market for adult providers^[1]
• Adult English language training market worth in excess of US$28 billion and forecast to grow by 80% over the next 5 years^[2]

A new research study released today reveals the significant potential of English language learning globally, with levels of prospective learners predicted to grow to 1.4bn, delivering significant market increases over the next five years.  The Global English Language Report, presented by Wall Street English, the adult English language learning provider, identified population growth, urbanization, mobility and advanced connectivity as key drivers of this trend.

The Global English Language Report, was prepared in partnership with YouGov, the market research and data analytics firm, and includes data from interviews with over 4,000 people globally. Its findings demonstrate the huge potential for English language tuition in an increasingly connected world, with Wall Street English announcing plans to expand in five new global markets representing opportunities for franchise partners and investors to capitalize on significant predicted growth.

The research reveals that as globalization continues, people are conscious that English skills will become increasingly necessary. Nearly three quarters (73%) think it will become more important to learn English over the next five years to improve their life prospects. 65% cite being able to build relationships with people around the world as business becomes even more global. A further 54% say this is because understanding specialist terminology related to professional life will be a must, while half (51%) believe employers will increasingly look for a good level of English when hiring.

It has been estimated that the global value of the adult English language training market was in excess of US$28 billion in 2017 and is forecast to grow by more than 80% over the next 5 years.

An ever-growing pool of learners 

The pool of potential learners is continually refreshed as people graduate from school and enter the adult learning market. Motivated by personal development (63%), enjoying travels more (45%) and increasing earning potential (40%), consumers are looking for tuition that helps them achieve their career and personal goals.