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Personal Development Market by Distribution Channel, Type, and Geography - Forecast and Analysis 2023-2027

  • Published: Oct 2022
  • Pages: 156
  • SKU: IRTNTR71271
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The personal development market is estimated to grow at a CAGR of 8.31% between 2022 and 2027. The size of the market is forecast to increase by USD 755.16 million. The growth of the market depends on several factors, including the rise in cost-effective content development, the increased focus on fitness initiatives by governments and companies, and the growing popularity of educational apps and online platforms for self-growth. 

This report extensively covers market segmentation by distribution channel (online and offline), type (self-awareness and skillset enhancement, mental health, and physical health), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021. 

 What will the Size of the Personal Development Market be During the Forecast Period?

Personal Development Market Size

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Parent Market Analysis

Technavio categorizes the global personal development market as a part of the  Education Services and within the global Consumer Discretionary industry. The parent global specialized consumer services market covers revenue generated by the consumer service providers, including residential services, home security services, legal services, personal services, renovation, and interior design services, consumer auction services, wedding services, and funeral services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Personal Development Market: Key Drivers, Trends, Challenges, and Customer Landscape

The rise in cost-effective content development is notably driving the personal development market growth, although factors such as increasing adoption of open-source solutions may impede market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.   

Key Personal Development Market Driver

The rise in cost-effective content development is notably driving the personal development market growth. Vendors are investing heavily in content marketing strategies in the extremely competitive B2B marketing landscape. Content marketing has shown to be one of the most effective ways to increase audience involvement. More than any other strategy, the presence of consistent, high-quality, and engaging content influences audience decisions. Personal development vendors are taking advantage of these platforms and focusing on the weak points of the audience to attract them. The market is growing at a positive rate, and it is expected to remain the same during the forecast period.

Key Personal Development Market Trend

The rising adoption of cloud computing in the academic sector is the primary trend driving the personal development market growth. Cloud infrastructure offers ed-tech companies the flexibility and accessibility that the education sector demands. Students and institutions increasingly prefer online content to traditional printed textbooks due to the lower cost of acquisition and ease of use on the go. Educational institutions encourage students to bring their own digital devices to access digital learning content. Several vendors are helping more educational institutions develop and improve their digital library systems using cloud services. With the rapid development of critical infrastructure in emerging economies such as China and India, their education systems are increasingly competing with those in advanced economies such as the US and the UK. Thus, the adoption of smartphones as the primary platform for educational content is expected to boost the growth of the market in focus during the forecast period.

Key Personal Development Market Challenge

The increasing adoption of open-source solutions may impede personal development market growth. Open-source personality development solutions offer free-of-cost solutions and are available in the form of magazine articles, YouTube videos, and talks by motivational speakers. Most audiences prefer these solutions instead of paid solutions as they are capable of delivering the same knowledge as paid sources. Therefore, these open-source personality development solutions pose a challenge for the global personality development market and will continue to do so during the forecast period.

Key Personal Development Market Customer Landscape

Our analysis of the Life Cycle of the market indicates a movement from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the market, focusing on the adoption rates of the major countries including the US, Canada, China, Japan, India, and Germany. Technavio has included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies from 2022 to 2027.

Personal Development Market Share by Geography

Global Personal Development Market Customer Landscape

Who are the Major Personal Development Market Vendors?                                     

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 

Skillsoft Corp. - Under this unified segment, the company is engaged in the sale, marketing and delivery of its content learning solutions in areas such as Leadership and Business, Technology and Developer, and Compliance. The company's key offerings include personal development services such as Personal development planning.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, including :

  • 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.
  • Success Resources Australia Pty Ltd.
  • Toastmasters International
  • Udemy Inc.
  • Wilson Learning Worldwide Inc.
  • WW International Inc.

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. 

What is the Fastest-Growing Segment in the Personal Development Market?

The market share growth by the online segment will be significant during the forecast period. Personal development is a lifelong process that involves expanding one's knowledge and improving personal skills. It allows people to assess their skills and qualities, consider their aims in life, and set new goals. The rapid use of digital technology in the market is expected to increase the demand for virtual platforms for self-improvement during the forecast period. 

Personal Development Market Size

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The online segment showed a gradual increase in market share, from USD 529.97 million in 2017 and continued to grow by 2021. The need for technology platforms and virtual events for personal growth has increased owing to the outbreak of COVID-19 and the lockdowns enforced in numerous nations to contain its spread. As a result, industry participants are concentrating on delivering technology-driven solutions for professionals. Furthermore, e-platforms are incorporating practically all aspects of in-person self-improvement methods by using modern technologies such as Augmented Reality (AR), Virtual Positioning systems (VPS), Artificial Intelligence (AI), and 3D audio technology. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.

The growth of this segment is primarily attributed to the increasing adoption of the personal development market, which is driven by an increase in the global demand for the personal development industry.

Which are the Key Regions for Personal Development Market?

Personal Development Market Share by Geography

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North America is projected to contribute 32% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The growth of the personal development market is driven by the increasing demand for personal development training, the number of smart device users, and the number of mobile broadband connections across North America. Increasing self-awareness and the pursuit of happiness are projected to fuel the demand for personal development solutions during the forecast period. People are increasingly seeking strategies to improve their physical and mental well-being. Furthermore, increasing social skills and focusing on crucial areas for self-awareness, such as emotions, character development, habits, individual values, and the psychological needs that determine an individual's day-to-day conduct, are becoming more important. North America accounted for the major revenue and is predicted to continue its dominance during the projection period. The need for personal development solutions is likely to be driven by the early adoption of audiobooks, e-books, and other digitally enhanced platforms for learning activities. Increased awareness of the need for reducing stress and controlling weight is also expected to drive demand in the market during the forecast period.

In 2020, during the outbreak of COVID-19, many small businesses were forced to close due to the economic downturn. To cater to customers during the forecast period, service providers are shifting to virtual events such as online workshops, seminars, webinars, and live chats, which allow customers to enjoy the advantages of personal development solutions from remote locations. Furthermore, the combination of modern technologies utilized for personal development technology platforms, such as deep learning, Augmented Reality (AR), and Artificial Intelligence (AI), has fueled the growth of the market. Hence, the market in the region is expected to grow during the forecast period.

Segment Overview

Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by distribution channel, type, and region.

  • Distribution Channel Outlook (USD Million, 2017 - 2027)
    • Online
    • Offline
  • Type Outlook (USD Million, 2017 - 2027)
    • Self-awareness and skillset enhancement
    • Mental health
    • Physical health
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Personal Development Market Scope

Report Coverage

Details

Page number

120

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.31%

Market growth 2023-2027

$755.16 million

Market structure

Fragmented

YoY growth (%)

6.92

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Performing market contribution

North America at 32%

Key consumer countries

US, Canada, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

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.

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, and market condition analysis for the 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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What are the Key Data Covered in this Personal Development Market Report?

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive the growth of the personal development market between 2023 and 2027
  • Precise estimation of the size of the personal development market size and its contribution to the parent market.
  • Accurate predictions about  upcoming trends and changes in consumer behavior
  • Growth of the personal development market industry across North America, Europe, APAC, South America, and the Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive details of factors that will challenge the growth of personal development market vendors

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global personal development market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global personal development market 2017 - 2021 ($ million)
    • 4.2 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Distribution Channel

    • 6.1 Market segments
      • Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 6.2 Comparison by Distribution Channel
      • Exhibit 32: Chart on Comparison by Distribution Channel
      • Exhibit 33: Data Table on Comparison by Distribution Channel
    • 6.3 Online - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 6.4 Offline - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Distribution Channel
      • Exhibit 42: Market opportunity by Distribution Channel ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 43: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 45: Chart on Comparison by Type
      • Exhibit 46: Data Table on Comparison by Type
    • 7.3 Self-awareness and skillset enhancement - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Self-awareness and skillset enhancement - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Self-awareness and skillset enhancement - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Self-awareness and skillset enhancement - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Self-awareness and skillset enhancement - Year-over-year growth 2022-2027 (%)
    • 7.4 Mental health - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Mental health - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Mental health - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Mental health - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Mental health - Year-over-year growth 2022-2027 (%)
    • 7.5 Physical health - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Physical health - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Physical health - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Physical health - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Physical health - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 59: Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 India - Market size and forecast 2022-2027
      • Exhibit 105: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.14 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Dale Carnegie and Associates Inc.
              • Exhibit 116: Dale Carnegie and Associates Inc. - Overview
              • Exhibit 117: Dale Carnegie and Associates Inc. - Product / Service
              • Exhibit 118: Dale Carnegie and Associates Inc. - Key offerings
            • 12.4 Esalen Institute
              • Exhibit 119: Esalen Institute - Overview
              • Exhibit 120: Esalen Institute - Product / Service
              • Exhibit 121: Esalen Institute - Key offerings
            • 12.5 Franklin Covey Co.
              • Exhibit 122: Franklin Covey Co. - Overview
              • Exhibit 123: Franklin Covey Co. - Business segments
              • Exhibit 124: Franklin Covey Co. - Key offerings
              • Exhibit 125: Franklin Covey Co. - Segment focus
            • 12.6 Hay House Publishing
              • Exhibit 126: Hay House Publishing - Overview
              • Exhibit 127: Hay House Publishing - Product / Service
              • Exhibit 128: Hay House Publishing - Key offerings
            • 12.7 Landmark Worldwide Enterprises Inc.
              • Exhibit 129: Landmark Worldwide Enterprises Inc. - Overview
              • Exhibit 130: Landmark Worldwide Enterprises Inc. - Product / Service
              • Exhibit 131: Landmark Worldwide Enterprises Inc. - Key offerings
            • 12.8 Nutrisystem Inc.
              • Exhibit 132: Nutrisystem Inc. - Overview
              • Exhibit 133: Nutrisystem Inc. - Product / Service
              • Exhibit 134: Nutrisystem Inc. - Key offerings
            • 12.9 Omega Institute
              • Exhibit 135: Omega Institute - Overview
              • Exhibit 136: Omega Institute - Product / Service
              • Exhibit 137: Omega Institute - Key offerings
            • 12.10 Pluralsight Inc.
              • Exhibit 138: Pluralsight Inc. - Overview
              • Exhibit 139: Pluralsight Inc. - Product / Service
              • Exhibit 140: Pluralsight Inc. - Key offerings
            • 12.11 SkillPath
              • Exhibit 141: SkillPath - Overview
              • Exhibit 142: SkillPath - Product / Service
              • Exhibit 143: SkillPath - Key offerings
            • 12.12 Skillsoft Corp.
              • Exhibit 144: Skillsoft Corp. - Overview
              • Exhibit 145: Skillsoft Corp. - Business segments
              • Exhibit 146: Skillsoft Corp. - Key offerings
              • Exhibit 147: Skillsoft Corp. - Segment focus
            • 12.13 Success Resources Australia Pty Ltd.
              • Exhibit 148: Success Resources Australia Pty Ltd. - Overview
              • Exhibit 149: Success Resources Australia Pty Ltd. - Product / Service
              • Exhibit 150: Success Resources Australia Pty Ltd. - Key offerings
            • 12.14 Toastmasters International
              • Exhibit 151: Toastmasters International - Overview
              • Exhibit 152: Toastmasters International - Product / Service
              • Exhibit 153: Toastmasters International - Key offerings
            • 12.15 Udemy Inc.
              • Exhibit 154: Udemy Inc. - Overview
              • Exhibit 155: Udemy Inc. - Product / Service
              • Exhibit 156: Udemy Inc. - Key news
              • Exhibit 157: Udemy Inc. - Key offerings
            • 12.16 Wilson Learning Worldwide Inc.
              • Exhibit 158: Wilson Learning Worldwide Inc. - Overview
              • Exhibit 159: Wilson Learning Worldwide Inc. - Product / Service
              • Exhibit 160: Wilson Learning Worldwide Inc. - Key offerings
            • 12.17 WW International Inc.
              • Exhibit 161: WW International Inc. - Overview
              • Exhibit 162: WW International Inc. - Business segments
              • Exhibit 163: WW International Inc. - Key offerings
              • Exhibit 164: WW International Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations
              • adoption of multichannel marketing strategies: The key vendors in the market are striving to expand their target customer base by investing in marketing and promotional activities. Large specialized consumer service providers aim at strengthening their presence by investing in brand visibility activities, celebrity endorsements, and marketing through channels such as television, radio, the Internet, print media, posters, and direct mails. The competitors also use a targeted advertising approach and launch advertisements that are designed and crafted to promote the services and communicate the brand positioning.
                • attrition and training: Professional, skilled, and unskilled workforce is required to provide specialized consumer services. However, there is a shortage of skilled and professional workforce to meet the demand. For instance, in security services, a skilled workforce is required when new monitoring devices and security gadgets are developed and adopted. Several vendors provide rigorous training to their employees about the handling of critical tasks while serving specialized consumer services. However, the retention of such a workforce is a major challenge.

                  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.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  Personal Development market growth will increase by $755.16 million during 2023-2027.
                  The personal development market is expected to grow at a CAGR of 8.31% during 2023-2027.
                  Technavio has segmented the personal development market by distribution channel (Online and Offline) ,type (Self-awareness and skillset enhancement, Mental health, Physical health, South America, and MEA) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
                  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., WW International Inc. are a few of the key vendors in the personal development market.
                  North America will register the highest growth rate of 32.3% among the other regions. Therefore, the personal development market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                  • US
                  • Canada
                  • China
                  • Japan
                  • India
                  • Germany
                  The key factors driving the personal development market growth are:
                  • Rise in cost-effective content development
                  • Increase in the adoption of microlearning
                  The personal development market vendors should focus on grabbing business opportunities from the online segment as it accounted for the largest market share in the base year.
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