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The global corporate leadership training market is projected to reach a value of USD 57.19 billion by 2027, at a CAGR of 10.08%. The corporate leadership training market refers to the industry involving programs and initiatives aimed at developing leadership skills within organizations.
Analysis Period | 2017-2027 |
Market Size (2017) Historic Year | USD 27.54 billion |
Market Size (2027) - Forecasted Year | USD 57.19 billion |
Historic Opportunity (2017-2021) | USD 4.98 billion |
Historic CAGR | 4.25 % |
Forecasted Opportunity (2023-2027) | USD 21.81 billion |
Market Opportunity Transformation Growth | 107.70 % |
Market Opportunity Capitalization | USD 26.79 billion |
Market Overview
One of the key factors driving the leadership development industry 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 in the market in the coming years. For instance, the chief executive officers (CEOs) of top corporations have plans to increase investments in development training 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, HR has insisted that management training courses emerged as a vital core area of focus among organizations. Thus, it is expected that these factors will drive the market development during the forecast period.
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Companies 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 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 leadership development industry report also includes detailed analyses of the competitive landscape of the market and information about 15 company's market, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The North American region is expected to witness the highest market blossoming, with 41%. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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One of the key reasons for the market expansion is the increased spending by MNCs on these programs in the region. For instance, in 2022, countries in North America spent extensively on training programs, where leadership development training was among the top priorities. Other factors that can drive market expansion 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 prediction period.
Additionally In Asia Pacific China and Japan, with their strategic approach, emphasizes performance, motivation, and problem-solving. Collaboration is a key aspect, of fostering an Asian culture where individuals excel in teamwork.
The large enterprises segment is estimated to witness significant growth during the projection 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 leadership programs to enhance the skills and capabilities of managers is high in large enterprises, which can significantly contribute to the corporate leadership market development during the projection period.
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The large enterprises segment was valued at USD 18.99 billion 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 these programs across these enterprises. Also, this program plays 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 learning management market growth during the projection period.
Types of Corporate Leadership Training Programs
The development programs include soft skills training, executive development, management training courses, management programs, corporate blended training, and skills development courses, addressing specific leadership needs at various levels within organizations. Executive leadership training programs cater to the specific needs of senior leaders, offering comprehensive courses in leadership development. Learning business leaders are at the forefront, overseeing the company's corporate training initiatives, and market leadership skills are highly valued. From executive training to leadership courses, companies invest in programs to ensure their leadership development aligns with the demands of the ever-changing market.
Emerging Technologies in Corporate Leadership Training
A key factor shaping the training industry's 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 corporate learning is that it offers organizations 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 expansion during the projection period.
In the ever-evolving landscape of professional corporate learning and development, the skills development market is a dynamic force. Business leaders and corporate learning leaders actively engage in this market, exploring various programs and initiatives. Executive education programs stand out as specialized offerings designed to refine leadership skills and strategic thinking. The commitment to continuous learning and growth is evident in the emphasis on comprehensive skills development courses. This collective engagement in the skills development market underscores its significance as a cornerstone for adapting to industry demands, fostering innovation, and ensuring sustained success in today's fast-paced business environment.
Future Outlook and Predictions for the Corporate Leadership Training Market
This market is driven by the growing demand for effective leaders who can navigate complex business environments. Companies invest in leadership training to improve employee productivity, enhance decision-making capabilities, and foster a culture of innovation. Various methods are employed in corporate leadership training, including workshops, seminars, coaching sessions, and online courses. The global market is expected to witness significant growth due to the increasing emphasis on professional development and succession planning. Approximately 85% of Fortune 500 companies invest in programs. Over 90% of employees who have undergone corporate leadership training report increased productivity.
After the global outbreak, company leaders are strategically navigating new ways to empower their people through innovative learning management initiatives. A focal point of this approach is market leadership development, encompassing comprehensive programs such as business leader programs, executive leadership development, and business training. These initiatives aim not only to refine leadership skills through executive leadership programs and leadership skills training but also to establish robust company leadership programs that foster continuous growth. The emphasis on leadership development courses underscores the commitment to equipping leaders at all levels with the tools and strategies needed to navigate challenges and drive organizational success in a rapidly evolving landscape.
Cyber threats and security issues associated with online company corporate training is one of the key challenges hindering market maturation. 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 market expansion during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
The market analysis and report forecasts market development by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.08% |
Market growth 2023-2027 |
USD 21.81 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.18 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
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 |
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. |
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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
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