As per newly released data by Future Market Insights (FMI), the Singapore leadership development program market is expected to be worth US$ 176 million in 2023. Over the assessment period, leadership development program demand in Singapore is likely to surge at 14% CAGR. By 2033, total market valuation is projected to reach US$ 655 million.
The Singapore leadership development program industry is undergoing remarkable growth, fuelled by various factors that are reshaping the industry.
One of the key drivers is the increasing demand for skilled and knowledgeable executives in a global and competitive business environment, as well as the need for continuing education and professional development among existing executives.
Singapore’s leadership development program is expected to thrive rapidly during the projection period, driven by increasing demand for effective leadership development solutions in a rapidly changing and competitive business environment.
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Further, technological advancements in online and digital learning platforms have made it easier for executives to participate in leadership development programs without having to take time off from their jobs or travel to physical locations.
Various firms and organizations are investing in leadership development programs as they realize the importance of these programs in improving leadership potential and promoting innovation.
Key Takeaways from the Singapore Leadership Development Program Market Study
- Singapore leadership development program demand is anticipated to rise at a CAGR of 0% during the forecast period.
- By 2033, the Singapore leadership development program industry is projected to reach US$ 655
- Based on program participants, business owners segment accounted for a dominant share of ~3% in 2022.
- By learner type, individual/private learners segment dominated the market with a revenue share of ~6% in 2022.
- In terms of mode of learning, virtual segment is gaining traction and it is anticipated to progress at a CAGR of ~15.5% during the forecast period.
“The Singapore leadership development program industry is poised for continued growth due to the increasing demand for skilled and knowledgeable executives in the business environment as well as the need for continuing education and professional development.” –says a lead FMI analyst
Who is Winning?
Key players present in the Singapore leadership development program industry are McKinsey & Company, Bain & Company, Boston Consulting Group, Deloitte, KPMG, Price Waterhouse and Coopers, Accenture, Ernst & Young LLP, Booz Allen Hamilton, Mercer LLC, National University of Singapore, Singapore Management University, Nanyang Technological University, National Institute of Education Singapore, and INSEAD International Business School among others.
Key leadership development program providers are focusing on forming alliances and partnerships with universities to diversify their course offerings and meet the needs of a growing customer base. They are also integrating advanced technologies to gain an upper hand in the market.
Recent developments:
- In 2023, the National University of Singapore collaborated with Emeritus, an edTech startup that provides accessible and affordable educational programs.
Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the Singapore leadership development program market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the Singapore leadership development program industry based on program participants (business-owners, junior/entry-level employees, managers, mid-level employees, senior executives, students), learner type (group/small team learners, individual/private learners), mode of learning (classroom, virtual, blended), and duration (1 to 3 month, 3 to 6 month, 6 month to 1 yrs., more than 1 yrs.).
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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