The executive education program market in the Nordics is anticipated to experience significant growth over the next decade, with a projected compound annual growth rate (CAGR) of 7.5%. This growth trajectory suggests an expansion from USD 722.0 million in 2023 to USD 1,487.8 million by 2033. The market was valued at USD 676.2 million in 2022 and is expected to demonstrate year-on-year (Y-o-Y) growth of 6.8% in 2023.
- The executive education program market is expected to experience rapid growth during the projected period, driven by an increasing demand for experienced and skilled executives in today’s competitive global business landscape.
- Demand for ongoing learning and professional development among existing CEOs is also anticipated to contribute to market growth.
- Creative education is becoming increasingly sought after in the region due to evolving trends and heightened professional competition, particularly in leadership and management training.
- There is a growing emphasis on enhancing job skills and staying updated with technological advancements, leading to a surge in demand for training programs.
- The Nordics executive education program market is recognized as one of the largest and most diverse globally, with growth attributed to technological advancements.
- Digital and online learning platforms have made it easier for executives to participate in educational programs, eliminating the need for time off work or physical travel to learning sites.
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Several companies and organizations are seeing the benefits of funding executive education programs. This would support them in honing their leadership skills and promoting market innovation & growth.
Executives in the Nordics have understood the importance of networking with peers from multiple sectors and developing strong professional relationships. Executive education programs can offer a forum for executives to interact, share stories, and have in-depth conversations. Demand in the Nordic region has been spurred by the chance to network and learn from a broad range of professionals.
Sales of executive education programs have increased as a result of changing regional dynamics and necessity for firms to remain competitive. Executives are aware that maintaining their knowledge and abilities is essential to successfully leading their firms.
Key Takeaways from the Nordics Executive Education Program Market Study:
- In 2022, the Nordics executive education program industry reached a valuation of US$ 676.2 million.
- The Nordics executive education program market grew at 0% CAGR from 2018 to 2022.
- By duration, the less than 1week category is expected to surge at 3% CAGR during the forecast period.
- In terms of course category, the entrepreneurship/self-employment segment is likely to expand at 4% CAGR from 2023 to 2033.
- By type, the b-school category is predicted to hold a Nordics executive education program market share of 3% in 2023.
Who is winning?
- Aalto University Executive Education
- Hanken School of Economics Executive Education
- Turku School of Economics Executive Education
- Copenhagen Business School Executive Education
- Aarhus University Executive Education
- University of Copenhagen
- BI Norwegian Business School
- Norwegian School of Economics
- Norwegian University of Science and Technology
- Uppsala University, Gothenburg School of Economics
- Lund University
- Stockholm University
- Reykjavik University
- Others (as requested)
For instance,
- The executive education division of Aalto University is called Aalto University Executive Education (Aalto EE). For both people and businesses, it provides professional development and executive education programs. Aalto EE focuses on offering top-notch executive education that combines academic rigor with real-world application. It aids in leveraging the knowledge of industry experts and faculty from Aalto University.
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Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the Nordics executive education 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 Nordics executive education program market by type (educational institutes, b-schools, management consultancy, industrial training institutions, personality development institutions, employment consultancies, industry associations), by course category (personal counselling/social and behavioural/leadership, marketing, organizational leadership, data analytics, enterprise management, finance & accounting, technology & IT, HR & talent management, corporate governance, entrepreneurship/self-employment, channel management, customer service, software testing, supply chain & e-commerce, industrial process & certifications, personal care and wellness, legal assistance, others), by duration (less than 1 week, 1 week to 1 month, more than 1 month), by mode of delivery (classroom, virtual, blended) and country.
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