At US$ 61,660 Million in 2021, the market for leadership development programs worldwide was valued. By the end of 2032, sales of leadership development programs are expected to reach US$ 179,916 Million, driven by the growing availability of varied leadership and personality development programs & courses.
A notable CAGR of 10.3% is predicted for the leadership development program market over the projection period of 2022 to 2032, according to Future Market Insights (FMI), an ESO-MAR accredited agency. By 2022, the market is expected to have surpassed a valuation of US$ 67,311 billion.
Globally, the trend of e-learning is rapidly expanding due to the growing use of mobile devices and the internet, as well as the advent of cutting-edge technology like virtual reality and digital simulations. Therefore, expanding the number of online courses that are combined with these cutting-edge technologies is probably going to help sales of leadership development in the international market.
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Due to the growing complexity in the corporate world and rising presence of MNCs, several corporate leaders are focusing on providing free leadership development programs for upscaling employee standards, building productive teams, and promoting better decision making. Driven by such developments, the global leadership development program market is expected to create an absolute dollar opportunity of US$ 4,604.8 Million by 2032.
Key Takeaways:
- The U.S. is expected to account for maximum revenue share in the North America market, owing to the presence of large number of colleges and universities.
- The U.K. is anticipated to register growth at a robust CAGR, owing to the increasing adoption of leadership development programs by corporate companies.
- India is estimated to account for a significant share in the South Asia market, driven by the growing introduction of participant-based leadership development programs in the country.
- On the basis of mode of learning, in-person learning is forecast to emerge as a highly remunerative segment, exhibiting growth at 8% CAGR through 2032.
- Among the program participant vertical, the student segment is projected to expand at a rapid pace, driven by increasing student inclination towards acquiring leadership skills.
Competition Landscape
Key providers of leadership development program in the global market are aiming at introducing novel programs as per the participant’s requirement. Also, some of the companies are entering into collaboration, merger, acquisition, and agreements to strengthen their footprint in the market. For instance,
- In January 2022, Jaro Education, an EdTech company based in India, announced introducing a novel leadership development program for the mid to senior level employees, covering aspects strategic planning, leadership style, group dynamics team management, and others. This will assist the company to increase its market share in the India market.
- In June 2021, the Center for Creative Leadership, a U.S-based provider of executive education announced launching online version of its flagship Leadership Development Program (LDP) for assisting mid-level leaders to address various challenges.
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Key Manufacturing Companies:
- Articulate Global Inc.
- City & Guilds Group
- D2L Corp.
- Franklin Covey Co.
- GP Strategies Corp.
- Interaction Associates Inc.
- Learning Technologies Group Plc
- Miller Heiman Group Inc.
- Jaro Education
- Skillsoft Ltd.
- Wilson Learning Worldwide Inc.
- Cegos
- Dale Carnegie Training
- AchieveForum
- American Management Association
- BTS
- Center for Creative Leadership
- Global Knowledge
- GP Strategies
- Harvard Business Publishing
- Linkage
- The Ken Blanchard Companies
- VitalSmarts
- Others
Key Market Segments Covered in Leadership Development Program Market Research
By Learner Type :
- Group/ Small Team Learners
- Individual/ Private Learners
By Program Participants :
- Business-Owners
- Junior/ Entry-Level Employees
- Managers
- Mid-Level Employees
- Senior Executives
- Students
By Mode of Learning :
- Online Learning
- In-Person Learning
By Duration :
- Less Than 1 Week
- 1 Week To 1 Month
- More Than 1 Month
By Region :
- North America
- Europe
- Latin America
- South Asia
- East Asia
- Oceania
- Middle East And Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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