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The corporate leadership training market size is estimated to grow at a CAGR of 10.08% between 2022 and 2027. The market size is forecast to increase by USD 21,808.64 million. The growth of the market depends on several factors, including longer duration of leadership training programs that is beneficial for vendors, awareness about the impact of good leadership on an organization's financial health, and growing demand for leadership training in the SMB sector.
This corporate leadership training market report extensively covers market segmentation by end-user (large enterprises and SMEs), application (online training, ILT, and blended training), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The awareness about the impact of good leadership on an organization's financial health is notably driving the market growth, although factors such as cyber threats and security issues associated with online training impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the corporate leadership training market growth is the increasing awareness about the impact of good leadership on an organization's financial health. Companies are very cautious when choosing their leaders, as good leadership has a strong impact on an organization's financial health. Thus, there is an increasing demand for corporate leadership training in the coming years.
For instance, the chief executive officers (CEOs) of top corporates have plans to increase investments in leadership development because they see it as the most important human-capital investment and a powerful predictor of an organization's ability to outperform its competitors. Over the past years, human capital management is emerging as a vital core area of focus among organizations. Thus, it is expected that these factors will drive the corporate leadership market growth during the forecast period.
A key factor shaping the corporate leadership training market growth is the increased integration of e-learning. In its early phase, e-learning was heavily dependent on desktop computers and networks, but now as it evolved into systems it can encompass a variety of channels, such as wireless communications and technologies such as smartphones, AR, VR, and wearables.
One of the key advantages of e-learning is that it offers organizations with the convenience of flexible timings for training schedules that can be accessed anytime, anywhere, with just an Internet connection. Thus, employees can work the training into their schedules as opposed to participating in programs that clash with work projects that require both time and travel. In addition, online learning can be updated as and when information or technology changes, unlike printed books and manuals. Hence, it is expected that these factors will drive the corporate leadership market growth during the forecast period.
Cyber threats and security issues associated with online training is one of the key challenges hindering the corporate leadership training market growth. As corporate leadership training through the online platform using e-learning and digital solutions has evolved over the years, it has become vulnerable to cyber threats, computer viruses, misplacement or loss of data, intellectual property violations, and programming or human errors.
Additionally, as there is an increasing amount of data and content becoming available on the Internet from various sources and solutions offered by vendors, there are high chances of data theft. Thus the risk of misuse of personal information such as user's phone numbers, IP addresses, email IDs, and other significant information can impede the corporate leadership training market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Corporate Leadership Training Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Allen Communication Learning Services: The company offers corporate leadership training for retail and software industries. Also, the company offers services by gathering the right information to build training that connects employees with brands.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the large enterprises segment will be significant during the forecast period. Large enterprises typically refer to organizations with a significant workforce, substantial revenue, and operations across multiple locations. Large enterprises require effective leadership at various levels as they often have complex organizational structures and hierarchies. Hence, the importance of investing in leadership development programs to enhance the skills and capabilities of their executives and managers is high in large enterprises, which can significantly contribute to the corporate leadership market growth during the forecast period.
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The large enterprises segment was valued at USD 18,994.05 million in 2017 and continued to grow until 2021. As large enterprises recognize the importance of grooming future leaders and ensuring a smooth transition of key roles within the organization, there is an increasing demand for leadership training programs across these enterprises. Also, leadership training programs play a crucial role in continuous learning and upskilling to stay competitive in a rapidly evolving business landscape.Thus the above factors are expected to drive the corporate leadership market growth during the forecast period.
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
One of the key reasons for the market growth is the increased spending by MNCs on leadership training programs in the region. For instance, in 2022, countries in North America spent extensively on training programs, where leadership development was among the top priorities. Other factors which can drive the market growth include the increasing complexity of businesses and the increasing presence of MNCs in the region. North America, especially the US, is known to be an early adopter of new technology. The emergence of online learning with innovative formats such as gamification and simulation learning will result in the online training segment it will significantly contribute to a major part of the revenue from this region during the forecast period.
In 2020, due to COVID-19-induced lockdowns, it has severely impacted the employment rate in the region. As a result, the corporate leadership market witnessed a significant slowdown in North America. For instance, according to the Organization for Economic Co-operation and Development (OECD), the number of online job postings dropped significantly on job portals since the mid of March 2020 due to the pandemic as well as the implementation of COVID-19 containment measures. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, companies in the manufacturing industry, such as Volkswagen Group, returned to normalcy. Additionally, companies such as Microsoft, Google, JPMorgan Chase, Goldman Sachs are expected to provide online training to existing and new employees. Such factors are expected to drive the market during the forecast period.
The corporate leadership training market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global corporate leadership training market as a part of the global education services market (also referred to as the global education market). The parent global education services market covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. Some of the key factors which drive the growth of the global education services market include the increasing importance of science, technology, engineering, and mathematics (STEM) education, increasing number of enrollments in online education, and the growing emphasis on mobile learning. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.
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Corporate Leadership Training Market Scope |
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Report Coverage |
Details |
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Page number |
166 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.08% |
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Market growth 2023-2027 |
USD 21,808.64 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
9.18 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 41% |
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Key countries |
US, Canada, China, UK, and Germany |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Allen Communication Learning Services, Articulate Global Inc., BTS Group AB, City and Guilds Group, Computer Generated Solutions Inc., D2L Corp., Development Dimensions International Inc., Franklin Covey Co., Future London Accademy Ltd., GBS Corporate Training Ltd., Global Training Solutions Inc., Heinrich Bauer Verlag KG, Interaction Associates Inc., Korn Ferry, Learning Technologies Group Plc, MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd., Skillsoft Corp., and Wilson Learning Worldwide Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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