The global leadership development program market is expected to reach US$ 216.9 billion by 2034, 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 2024 to 2034, according to Future Market Insights (FMI), an ESO-MAR accredited agency. By 2024, the market is expected to have surpassed a valuation of US$ 81.19 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.
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$ 216.9 billion by 2034.
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.
- Based on learner type, the individual/ private learners segment is registered to hold a share of 52% in 2024.
- 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.
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.
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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Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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