Published on 24 Dec 2023 on Insider Monkey via Yahoo Finance
Top 12 English Speaking Countries in Asia
In this article, we will take a look at the top 12 English speaking countries in Asia. If you want to skip our discussion on the market for English language learning, you can go directly to the Top 5 English Speaking Countries in Asia.
English stands out as one of the fastest-growing languages globally. From 2011 to 2021, the number of English speakers rose from 1.05 billion to 1.3 billion, representing an increase of around 245 million. As of 2023, there are 1.4 billion native and non-native English speakers worldwide. Meanwhile, Mandarin Chinese emerged as the second fastest-growing language, with an increase of 69.88 million speakers between 2011 and 2021 and a total of 1.1 billion speakers as of 2023. The rapid growth of the English language can be attributed to the increasing population of the world, growing at an annual rate of around 1%. Additionally, English has become the predominant language for international business. Globalization has further contributed to English maintaining its status as the preferred mode of communication among dealers and retailers. Among the top 10 English speaking countries in Asia are the Philippines and Hong Kong. Meanwhile, the most fluent English speaking country in Asia is Singapore, as per the English Proficiency Index report. You can also check out the Top 10 English Speaking Countries in Europe here.
The global market for English language learning was valued at around $21.3 billion in 2022 and is expected to witness significant growth, reaching approximately $70.7 billion by 2030. The market is predicted to compound at an annual growth rate (CAGR) of 16.2% during the period between 2022 and 2030. In the United States, the English language learning market was valued at $5.6 billion in 2022. Meanwhile, in China, the second-largest global economy, the market is projected to reach around $17.9 billion by 2030, exhibiting a CAGR of 20.6% during the analysis period. The analysis includes various learner categories, such as businesses and institutional learners, independent learners, blended learners, and offline and online learners.