15 Best Duolingo Alternatives to Boost Your Language Skills

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In this article, we will look at the 15 best Duolingo alternatives to boost your language skills. We will also discuss the language learning market. If you want to skip our detailed analysis, you can go directly to the 5 Best Duolingo Alternatives to Boost your Language Skills

Duolingo: The Top Language Learning Platform

Duolingo, Inc. (NASDAQ:DUOL) is a leading language learning platform operator offering over 98 courses in almost 40 languages. The teaching model of Duolingo, Inc. (NASDAQ:DUOL) comprises speaking, listening, and translation training programs. The platform also provides testing services and grading for self-evaluation and improvement. The portfolio of Duolingo, Inc. (NASDAQ:DOUL) includes Duolingo English tests, tiny cards that help language learning, podcasts, stories, and dictionary services. 

Moreover, Duolingo, Inc. (NASDAQ:DUOL) also features a school-based learning model called Duolingo for School, which enables teachers to track students' performance and store data through Amazon Web Services.  The platform operates on a free-for-all model. However, users can buy a monthly subscription to unlock premium features, including an add remover and offline access.

Over 30 million active users are learning new languages using Duolingo. The company is a major player in the language learning industry and recently reported stellar earnings. On February 28, Duolingo, Inc. (NASDAQ:DUOL) reported earnings for the fiscal fourth quarter of 2023. The company reported earnings per share of $0.26 and beat estimates by $0.10. The company’s revenue for the quarter grew by 45.42% and amounted to $150.99 million, ahead of market expectations by $2.60 million. Here are some comments from Duolingo, Inc.'s (NASDAQ:DUOL) Q4 2023 earnings call:

"The more learners we attract to our platform, the more learners we convert to subscribers. And the more subscribers we have, the more money we have to invest in our courses to make them even more fun, engaging and effective and so on. Since our IPO, we've added about 18 million daily active users and over 50 million monthly active users, most of whom have come to our platform through word of mouth. We've supplemented that organic growth with a cost-effective social-first marketing strategy, which earned us three billion social media impressions last year alone."

Global Language Learning Market 

According to a report by Global Market Insights, the global language learning market was valued at $52.7 billion in 2022. The market is expected to grow at a compound annual growth rate of 20.8% from 2023 to 2032 and reach $337.2 billion by the end of the forecasted period. The individual learner segment held the largest market share of approximately 60% in 2022. The revenue for the segment amounted to $30 billion in 2022. Increased globalization, business expansion across borders, and advancement in artificial intelligence and natural language processing models across various language learning platforms are factors driving growth in the market. To read more about languages, you can look at the 12 Most Profitable Foreign Languages To Learn and the 15 Most Valuable Languages to Learn for International Business.