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Rising Importance of English in Business and Professional Areas Supporting Market Growth

   January 10, 2024

English is the most commonly used official language globally and holds the position of the most widely spoken second language worldwide. A substantial portion of the global population communicates in English. Over the past two decades, English has ascended to become the predominant language in trade and commerce. As a result, having excellent knowledge of English has become vital for entrepreneurs as well as employees. Proficiency in English can improve social life and bring better job opportunities. A high level of proficiency in English can enhance social interactions and open doors to superior employment opportunities. It equips job seekers to excel in interviews and empowers professionals to forge successful careers.

According to Babbel GmbH (Germany), in 2021, out of the global population of 7.8 billion, 1.35 billion individuals spoke English. Approximately 360 million people spoke English as their first language. Europe is currently estimated to have over 212 million English speakers, while India is estimated to have approximately 265 million. English is widely used across the Americas, with an estimated 350 million English speakers. The majority of native English speakers reside in the U.S., numbering roughly 297.4 million, while 30 million are located in Canada.

Proficiency in English is vital for success in today's highly competitive corporate world. Many reputed organizations worldwide rely on English as the means of communication for everything from emails to corporate documentation to even popular and well-read business resources in print and electronic media. Fluency in written and spoken English is critical in many aspects of corporate life, from securing employment to communicating with clientele and forming cohesive business partnerships. Proficiency in English is indispensable for people looking to be a part of the global workforce. Research has shown that cross-border business communication mostly takes place in English, and many international companies expect employees to be fluent in the language.

English has evolved into a global language for business to the extent that it serves as the standard official language in certain industries, including shipping and airlines. Proficiency in English is becoming a near-mandatory requirement for critical roles such as airline pilots and naval officers. In addition to spoken English, today's competitive corporate culture demands an equally impressive command of written English. This is crucial as nearly all forms of business communication, such as emails, presentations, sales and marketing, and corporate legal documentation, now utilize English. Hence, the growing significance of English in business and professional areas is fueling the demand for English language learning solutions, contributing to the growth of this market.

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