NEW YORK, November 7, 2022 /PRNewswire/ — Technavio categorizes the global personal development market as part of the parent education services market, covering revenues generated by providers of consumer services, including home security services, residential services, personal services, legal services, home improvement and interior design services, wedding services, consumer auction services and funeral services. Our research report has extensively covered the external factors influencing the growth of the parent market over the forecast period. The Global personal development market share is expected to increase by $755.16 million from 2022 to 2027. In addition, the growth momentum of the market will accelerate to a CAGR of 8.31% according to Technavio’s latest market forecast report. The market will also record a 6.92% year over year growth rate over the forecast period.
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Global personal development market – Customer landscape
Our report analyzes the life cycle of the global personal development market from the stage of innovator to the stage of laggards. The report illustrates the lifecycle of the global personal development market, focusing on adoption rate large countries like the United States, Canada, China, Japan, Indiaand Germany. Help companies assess and develop growth strategies for 2022-2027. Our researchers included –
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Main purchase criteria
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Adoption rate
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Adoption Lifecycles
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Price sensitivity factors
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Global personal development market – Supplier analysis
Vendor Landscape – The personal development market is very fragmented, with many players competing with each other. Players focus on marketing strategies to attract potential customers. Various discounts and benefits for course registration are offered. Such marketing strategies help players build a strong consumer base. These factors will contribute to the overall growth of the personality development market over the forecast period. Some of the leading vendors in the market include Dale Carnegie and Associates Inc., Coursera Inc., Esalen Institute, edX LLC and Franklin Covey Co.
Supplier offers –
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dalecarnegiefranchise.com – The company offers personal development services such as courses to develop personal leadership.
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esalen.org – The company offers personal development services such as open group courses, namely Self-Guided Explorations.
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franklincovey.com – The company offers personal development services such as live online and in-person workshops to develop mindsets and essential skills.
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Global personal development market – Segmentation assessment
Geographic Segment Overview
Technavio’s market research report contains detailed information on regional in-store opportunities for vendors which will help to generate sales revenue. The global personal development market according to geography is classified into North America, EuropeACPA, South Americaand the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the global personal development market size and actionable understandings of the market.
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Regional Highlights – North America is the fastest growing region in the global personal development market compared to other regions. 32% of market growth will come from North America. The growth of the market in the region is driven by the growing demand for personal development training and the number of users of smart devices and mobile broadband connections. Furthermore, the need for personal development solutions is expected to be driven by the early adoption of e-books, audio books, and other enhanced digital platforms for learning activities.
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Revenue Generating Segment Highlights – The global personal development market by distribution channel segmentation is classified into online and offline. Growth in personal development market share by online segment will be significant during the forecast period. The rapid adoption of digital technology is expected to increase the demand for virtual platforms over the forecast period.
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Global personal development market – Market dynamics
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Major driver – The increase in profitable content development is driving the growth of the market. Vendors are investing heavily in content marketing strategies. Content marketing is an effective way to increase audience engagement. The presence of high-quality, consistent, and engaging content influences audience decisions.
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Major trend – The growing adoption of cloud computing in the academic sector is a market trend. Students and institutions prefer online content because of its low acquisition cost and ease of use. Vendors help educational institutions improve and expand their digital library systems using cloud services. Thus, the adoption of smartphones is also expected to drive the growth of the market.
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Major challenges – The increasing adoption of open source solutions may challenge the growth of the market. Open source personality development solutions provide free solutions. Most audiences prefer these solutions over paid solutions.
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Personal Development Market 2023-2027: Key Highlights
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Market CAGR over the forecast period 2023-2027
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Detailed information on the factors that will contribute to the growth of the personal development market over the next five years
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Estimation of the size of the personal development market and its contribution to the parent market
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Predictions on upcoming trends and changes in consumer behavior
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The growth of the personal development market
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Market Competitive Landscape Analysis and Detailed Vendor Information
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Comprehensive details of the factors that will challenge the growth of the Personal Development Market vendors
Related Reports
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The professional development market should grow by $3.75 billion with a CAGR of 5.52% during the forecast period 2021 to 2026. The market is segmented by end user (K-12, higher education and pre K-12) and type (online and offline).
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The learning management systems market should grow by $44978.02 with a CAGR of 20.85% during the forecast period 2022 to 2027. The market is segmented by end-user (academic and enterprise), deployment (on-premises and cloud), and geography (North America, EuropeACPA, South Americaand Middle East and Africa).
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Scope of the personal development market |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 8.31% |
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Market Growth 2023-2027 |
$755.16 million |
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Market structure |
Fragmented |
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Annual growth (%) |
6.92 |
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Regional analysis |
North America, Europe, APAC, South America, Middle East and Africa |
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Successful market contribution |
North America at 32% |
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Main consumer countries |
United States, Canada, China, Japan, India and Germany |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled Key Companies |
Coursera Inc., Dale Carnegie and Associates Inc., edX LLC, Esalen Institute, Franklin Covey Co., Hay House Publishing, Landmark Worldwide Enterprises Inc., LinkedIn Corp., Nutrisystem Inc., Omega Institute, OpenSesame Inc., Pluralsight Inc. , SkillPath, SkillShare Inc., Skillsoft Corp., Success Resources Australia Pty Ltd., Toastmasters International, Udemy Inc., Wilson Learning Worldwide Inc. and WW International Inc. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, and Market Conditions Analysis for the forecast period. |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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Contents
1. Summary
2 Market landscape
3 Market sizing
4 Historical market size
5 Five forces analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic landscape
10 drivers, challenges and trends
11 Supplier landscape
12 Vendor Analysis
13 Appendix
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