Service providers such as business schools and universities in the United States Executive Education Program Market are seeking strategic alliances and partnerships with other universities. They aim to diversify their services or courses offerings and meet the need of a growing customer base.
For instance
- In 2021, Kellogg School of Management announced a new partnership with the University of Hong Kong. It plans to offer a joint executive MBA program which started in 2022. The program is delivered in a hybrid format, with students studying both online and in-person.
In 2023, it is predicted that the market for executive education programs in the United States would be worth US$ 7,909.2 million. By 2033, it is anticipated to reach US$ 15,713.0 million.
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From 2023 to 2033, the market is likely to rise moderately at a CAGR of 7.1%. About 15% to 25% of the market for executive education programs in the United States belongs to its parent market, the management education industry.
The United States executive education program market is expected to experience significant growth in the next ten years. It is projected to be driven by rising popularity of digital means of education systems and linkage of language learning to leadership skills.
With the advent of advanced technologies and widespread use of the internet, executive education providers are increasingly incorporating digital tools and platforms into their offerings. They are making executive education programs more accessible and flexible for busy professionals.
There has been a growing recognition of the importance of language learning in developing leadership skills. Effective communication is considered to be a critical component of successful leadership.
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As a result, executive education programs that incorporate language learning are likely to see increased demand. It is predicted to fuel growth in the United States executive education program industry.
Key service providers are heavily spending on innovation in educational services and working on research & development activities. They understand that in order to stay competitive in the market, they need to continuously improve and offer new & relevant programs to their clients.
Innovation in educational services is important as it helps to create new and unique learning experiences for students. It can lead to better learning outcomes and high levels of engagement. This can also enable service providers to differentiate themselves from their competitors and attract more clients.
Key Takeaways from the United States Executive Education Program Market Study
- At present, the West and North East regions together hold a cumulative share of 50.5%.
- In terms of type, the educational institutes segment is anticipated to hold the lion’s share of 32.9% in 2023.
- Based on course category, the personal counseling/social & behavioral/leadership segment is likely to witness a CAGR of 5.5% during the projected period.
- By mode of delivery, the virtual category is estimated to contribute a share of more than 61.0% in 2023.
- Southwest region is likely to generate a considerable United States executive education program industry share of 17.0% in 2023.
“Professionals who desire to enhance their careers by gaining new skills, information, and networks are the target audience for executive education programs. Nowadays a number of executive education programs are offered online, making them more available to a larger audience. It has also become simpler for professionals to juggle their job and personal obligations while seeking higher education,” – Says a lead analyst.
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Competitive Landscape: United States Executive Education Program Market
With the increasing use of technology, several providers in the United States are focusing on investments in digital learning solutions such as e-learning modules, online courses, and virtual classrooms. These solutions would allow for more flexible and accessible learning experiences, particularly for remote or globally dispersed learners.
Leading players operating in the United States executive education program industry are Columbia University, MIT Sloan School of Management, Stanford Graduate School, and the Harvard School of Business among others.
Get More Valuable Insights on the United States Executive Education Program Market
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the United States 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 United States executive education program industry based on type (educational institutes, B-schools, management consultancy, industrial training institutions, personality development institutions, employment consultancies, industry associations), by course category (personal counselling/social & behavioral/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 & 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 regions.
United States Executive Education Program Market Outlook by Category
By Type:
- Educational Institutes
- B-schools
- Management Consultancy
- Industrial Training Institutions
- Personality Development Institutions
- Employment Consultancies
- Industry Associations
By Course Category:
- Personal Counseling/Social & Behavioural/Leadership
- Marketing
- Organizational Leadership
- Data Analytics
- Enterprise Management
- Finance and Accounting
- Technology and IT
- HR and Talent Management
- Corporate Governance
- Entrepreneurship / Self Employment
- Channel Management
- Customer Service
- Software Testing
- Supply Chain and E-commerce
- Industrial Process and 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
- Live Online
- Pre-recorded
- Blended
By Region:
- West Region
- Southwest Region
- Midwest Region
- North East Region
- South East Region
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