The Executive Education Program Market is projected to surpass US$ 37.8 Bn in 2021. Driven by high demand for in-personal programs and professional courses to up skill the career, the executive education program market is expected to exhibit compound annual growth rate (CAGR) of 11.2%.
Executive learning is an important tool for global businesses to nurture top leadership talent. With technological advancements in every domain, need for leadership and improved skill have increased and so has the adoption of executive education program. As per Future Market Insights (FMI), the executive education program market registered impressive year-on-year growth rate of 10.0% in 2021.
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2021-2031 Executive Education Program Market Outlook in Comparison to Sales Registered in 2016-2020
With the expansion of corporate sector, need to learn development strategies, corporate leadership, and employees trying to up skill their careers have improved the demand for executive education programs. According to FMI, the executive education program market is projected to rise at 11.2% CAGR between 2021 and 2031.
As people and capacities have become more important in corporate strategy (together with the expansion and professionalization of the corporate learning/development function), significant development is witnessed in company-specific customized programming.
With industry trends continually shifting and professional rivalry escalating, demand for innovative education has surged across the globe. Demand for management and leadership courses to enhance their working skills and to keep up with new technology in their fields is increasing.
Which are the Factors Driving Demand for Executive Education Program?
As business environment is highly competitive in nature, demand for new skills to tackle the dynamic challenges is increasing. Being relevant to the rapidly changing or dynamic working place has now become a priority for corporate executives.
This is one of the major reasons pushing the demand for executive education programs for flexible learning. As majority of this education programs are of less duration and can be completed at convenient schedule, mid-level employees, managers, and senior executives are increasingly applying for these courses.
What is the Impact of the COVID-19 on the Education Program Market?
The COVID-19 outbreak had a major impact on the education sector. Due to the restriction in movement and global lockdown, educational activities in schools and universities were at suspended during the FQ-20.
Executive education providers based at universities have long been at the forefront of experimenting with new technology to promote learning and growth for both individuals and organizations.
To curb the spread of the diseases, corporate clients across the globe were unwilling or unable to travel. Hence, business schools relied on online training and distance education to accomplish their individual and organizational development goals.
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Companies operating in the executive education program market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product portfolio to address the demand of an expanding pool of consumers.
- In 2020, Harvard Business School introduced online programming, including both modules of longer offerings, such as the General Management Program, and shorter topic-focused programs, such as Leading Difference for High Performance.
- In 2019, Stephen M. Ross School of Management offered Executive MBA Program in two locations: Ann Arbor and Los Angeles. With respect to Executive Education, the institute was ranked 5th by Financial Times in 2019, with 6624 participants.
By Program Type:
- Customized Programs
- Pre-designed Programs
By Leadership Level:
- Business-Owners
- Junior/ Entry-level Employees
- Managers
- Mid-level Employees
- Senior Executives
By Type of Learner:
- Group/ Small Team Learners
- Individual/ Private Learners
By Mode of Learning:
- In-Person Learning
- Online Learning
By Duration:
- Less than 1 Week
- 1 Week to 1 Month
- More than 1 Month
By Type of Courses:
- Management & Leadership
- Finance & Accounting
- Strategic Leadership & Innovation
- Marketing & Sales
- Business Operations & Entrepreneurship
- Others
By Industry Type:
- Consumer Products & Retail
- Energy & Transportation
- Financial Services
- Healthcare & Pharmaceuticals
- Manufacturing & Industrials
- Others
- Professional Services
- Technology & Communications
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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Key Questions Answered in the Report
How much is the current executive education program market worth?
What was the rate of growth for executive education program sales in the last 5 years?
What is the share of the top players in the executive education program market?
Which are the top countries driving demand for executive education program?
What are the global growth statistics for the executive education program market between 2020 and 2021?
What is the North America executive education program market outlook?
How fast will the sales of executive education program grow in Europe?
What are the key statistics of the South Korea and Japan executive education program market?
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