In 2023, the United States Leadership Development Program Market is anticipated to be worth US$ 6,782.9 million. By 2033, it is projected to reach a valuation of around US$ 11,995.6 million. Between 2023 and 2033, the market is expected to surge at a CAGR of 5.9%.
Leadership development programs are very common among professionals in the United States. Colleges nowadays have made customized leadership programs for them as per their time and needs.
Acquisitions and mergers are considered to be prominent strategies to enhance business presence. Rising adoption of these strategies would further offer significant advantages to institutes.
Access to a wide portfolio of leadership development programs and financial stability are a few of the advantages of mergers & acquisitions. Companies such as Coursera Inc. are providing free online trials for leadership development programs. It would help to provide the customer with an idea about the leadership program being offered before signing up full-time.
The need for leadership development programs is gradually rising since they ensure successful changes in leadership abilities. They also help to encourage firms to diversify their workforce by acquiring new skill sets.
Spending on leadership development programs is expected to rise. Corporations are set to realize that one degree cannot prepare them for a career in today’s highly dynamic and uncertain corporate environment.
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Technological advancements in online and digital learning platforms have made it easier for executives to participate in leadership development programs. Hence, they do not have to take time off from their jobs or travel to physical locations.
Several organizations and businesses are recognizing the value of investing in leadership development programs. They are striving to look at these programs as a means of developing their leadership talent and driving innovation. The United States leadership development program industry grew at a CAGR of 5.2% from 2018 to 2022.
Key Takeaways from the United States Leadership Development Program Market Study
- Based on program participants, business owners currently hold a key United States leadership development program industry share of around 28.0%.
- Based on duration, the 1 to 3-month segment is anticipated to rise at a CAGR of around 8.2% during the forecast period.
- Based on the learner type, the group/small team learners segment is projected to surge at a CAGR of 7.0% from 2023 to 2033, and generate a share of 51.0% in 2033.
- The USA leadership development program market showcased decent growth at a CAGR of 5.2% from 2018 to 2022.
- The USA leadership development program market is likely to witness a year-on-year growth rate of 5.3% from 2022 to 2023.
“It is more cost-effective for a corporation to fill senior roles directly inside its organizational structure rather than hire an external resource. Organizations in the United States are hence slated to invest more in leadership training every year.” – says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
Businesses in the United States leadership development program market are looking to form strategic partnerships and alliances with other companies. They want to broaden their product selection to better serve an expanding customer base. They are further concentrating on research and development to create cutting-edge products to diversify their line.
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Key Companies Profiled
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Deloitte
- KPMG
- Price Waterhouse and Coopers
- Accenture
- Ernst & Young LLP
- Booz Allen Hamilton
- Mercer LLC
- Harvard Business School
- Wharton School of the University
- Kellogg School of Management
- INSEAD (Graduate Business School)
- Yale School of Management
- Others (As Per Request)
For instance,
- In March 2021, leadership development and coaching company BetterUp announced that it had raised US$ 125 million in a Series D funding round. The company plans to use the funds to expand its platform and services.
- In February 2021, leadership development firm AchieveForum announced the launch of a new virtual leadership development program called Leading Remote Teams. The program is designed to help leaders develop the skills they need to manage remote teams effectively.
United States Leadership Development Program Market Outlook by Category
By Program Participants:
- Business-owners
- Junior/Entry-level Employees
- Managers
- Mid-level Employees
- Senior Executives
- Students
By Learner Type:
- Group/Small Team Learners
- Individual/Private Learners
By Duration:
- 1 to 3 Month
- 3 to 6 Month
- 6 Months to 1 Year
- More than 1 Year
By Mode of Learning:
- Classroom
- Virtual
- Live Online
- Pre-recorded
- Blended
Get More Valuable Insights into the United States Leadership Development Program Market
Future Market Insights (FMI), in its new offering, presents an unbiased analysis of the United States leadership development program industry presenting historical data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study reveals segments divided in terms of program participants (business owners, junior/entry-level employees, managers, mid-level employees, senior executives, students), learner type (group/small team learners, individual/private learners), duration (1 to 3 month, 3 to 6 month, 6 months to 1 year, more than 1 year), and mode of learning (classroom, virtual, blended) from 2023 to 2033.
About Future Market Insights, Inc.
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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