0

Professional Development Market in the US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 0
  • SKU: IRTNTR73438
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

According to Technavio's analyst, the professional development market share in the US is expected to be valued at USD 3.75 billion by 2026 with a progressing CAGR of 5.52%.

This professional development market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The professional development market in the US report offers information on several markets vendors, including Adobe Inc., Cambridge University Press, Cast Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Digital Learning Tree Inc., Discovery Education Inc., Edmodo, GP Strategies Corp., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Tree International Inc., LinkedIn Corp., McGraw Hill Education Inc., Pearson Plc, Scholastic Corp., and Skillsoft Ltd. among others.

The professional development market in the US has been broadly categorized into the following demographic segmentations: 

  • End-user - K-12, higher education, and pre K-12
  • Type - Online and offline

What will the Professional Development Market Size in US be During the Forecast Period?

Professional Development Market Size

Download the Free Report Sample to Unlock the Professional Development Market Size in US for the Forecast Period and Other Important Statistics

 

Professional Development Market in US: Key Drivers, Trends, and Challenges

The innovations in technology to complement professional development courses is notably driving the professional development market growth in the US, although factors such as time and cost constraints may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the professional development industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Professional Development Market Driver in US

  • The innovations in technology to complement professional development courses is one of the key drivers supporting the US professional development market growth. 
  • Adaptive learning is an emerging feature in professional development tools.
  • Apart from adaptive learning tools, there is a plethora of tools and social media platforms. These can complement the professional development courses of teachers.
  • There are tools that enhance the engagement between teachers. Through these tools, teachers can join groups, share resources, discuss various topics, and get feedback to propel professional development.
  • For instance, Adobe Education Exchange allows teachers to connect, share resources, and access free online courses about content creation. Such innovations will drive the US professional development market growth during the forecast period.

Key Professional Development Market Trend in US

Mobile learning is one of the key professional development market trends in the US contributing to the market growth. As there is an increase in the adoption of smartphones and internet penetration, mobile learning should be incorporated by key players to enhance the delivery of professional development courses. Mobile learning will enable educators to circumnavigate time constraints and get access to learning material anytime, anywhere. Also, mobile learning in professional development can enhance the collaboration between educators by enabling them to share resources and thoughts effectively and easily. Since the deployment of mobile learning in professional development presents market opportunities to vendors, it is expected that the trend will significantly impact the US professional development market during the forecast period. 

Key Professional Development Market Challenge in US

Time and cost constraints is one of the challenges limiting the US professional development market growth. Studies assessing the effectiveness of professional development courses in the US district schools have reported that small durations of professional development courses, such as workshops of an average of 14 hours or less, have proved ineffective in improving teaching skills. Though workshops can help teachers acquire knowledge, the implementation of the new skill requires repeated practice. Thus, it is essential that teachers engage in structured long-duration professional development courses, which their work schedules do not permit. Meanwhile, the costs incurred to enroll in professional development courses are also high. Therefore, the time and cost constraints will restrict the US professional development market growth during the forecast period. 

This professional development market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the professional development market in the US as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the professional development market in the US during the forecast period.

Who are the Major Professional Development Market Vendors in US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Adobe Inc.
  • Cambridge University Press
  • Cast Inc.
  • Cisco Systems Inc.
  • City and Guilds Group
  • D2L Corp.
  • Digital Learning Tree Inc.
  • Discovery Education Inc.
  • Edmodo
  • GP Strategies Corp.
  • Houghton Mifflin Harcourt Co.
  • John Wiley and Sons Inc.
  • Kagan Publishing and Professional Development
  • Learners Edge LLC
  • Learning Tree International Inc.
  • LinkedIn Corp.
  • McGraw Hill Education Inc.
  • Pearson Plc
  • Scholastic Corp.
  • Skillsoft Ltd.

 

This statistical study of the professional development market in the US encompasses successful business strategies deployed by the key vendors. The professional development market in the US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Cambridge University Press - The company offers solutions for professional development that helps people to learn English and also provide a comprehensive range of industry-leading qualifications, professional development and resources for teachers. 
  • Cast Inc. - The company offers solutions for professional development that provides practitioners with instructional design and teaching strategies to make curricula more effective. 
  • Discovery Education Inc. - The company offers solutions for professional development that fuels a cultural shift around STEM or STEAM teaching and learning which strengthens teacher effectiveness, empowers school leaders, and increases student engagement. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The professional development market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Professional Development Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the professional development market in the US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating End-user Segments in the Professional Development Market in US?

Professional Development Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The professional development market share growth in the US by the K-12 segment will be significant during the forecast period. Since K-12 teachers face time constraints due to their busy work schedules, they are adopting online professional development courses. These courses make them professionally competent and allow for flexibility in terms of time and customization of courses as per their needs. With advances in technology and changes in course curricula, professional training workshops, seminars, and new methods of teaching are provided in schools. As new modes of delivering courses to educators in the K-12 segment emerge, the US professional development market is expected to grow during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the professional development market size in the US and actionable market insights on post COVID-19 impact on each segment.

 

Professional Development Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.52%

Market growth 2022-2026

$ 3.75 billion

Market structure

Fragmented

YoY growth (%)

4.5

Regional analysis

US

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Adobe Inc., Cambridge University Press, Cast Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Digital Learning Tree Inc., Discovery Education Inc., Edmodo, GP Strategies Corp., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Tree International Inc., LinkedIn Corp., McGraw Hill Education Inc., Pearson Plc, Scholastic Corp., and Skillsoft Ltd.

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.

Request for a FREE sample

What are the Key Data Covered in this Professional Development Market in US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive professional development market growth in the US during the next five years
  • Precise estimation of the professional development market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the professional development industry in the US  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of professional development market vendors in the US 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

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 Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
    • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 22: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 23: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 24: Chart on Comparison by End-user
    • Exhibit 25: Data Table on Comparison by End-user
  • 5.3 K-12 - Market size and forecast 2021-2026
    • Exhibit 26: Chart on K-12 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 27: Data Table on K-12 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 28: Chart on K-12 - Year-over-year growth 2021-2026 (%)
    • Exhibit 29: Data Table on K-12 - Year-over-year growth 2021-2026 (%)
  • 5.4 Higher education - Market size and forecast 2021-2026
    • Exhibit 30: Chart on Higher education - Market size and forecast 2021-2026 ($ million)
    • Exhibit 31: Data Table on Higher education - Market size and forecast 2021-2026 ($ million)
    • Exhibit 32: Chart on Higher education - Year-over-year growth 2021-2026 (%)
    • Exhibit 33: Data Table on Higher education - Year-over-year growth 2021-2026 (%)
  • 5.5 Pre K-12 - Market size and forecast 2021-2026
    • Exhibit 34: Chart on Pre K-12 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 35: Data Table on Pre K-12 - Market size and forecast 2021-2026 ($ million)
    • Exhibit 36: Chart on Pre K-12 - Year-over-year growth 2021-2026 (%)
    • Exhibit 37: Data Table on Pre K-12 - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by End-user
    • Exhibit 38: Market opportunity by End-user ($ million)

6 Market Segmentation by Type

  • 6.1 Market segments
    • Exhibit 39: Chart on Type - Market share 2021-2026 (%)
    • Exhibit 40: Data Table on Type - Market share 2021-2026 (%)
  • 6.2 Comparison by Type
    • Exhibit 41: Chart on Comparison by Type
    • Exhibit 42: Data Table on Comparison by Type
  • 6.3 Online - Market size and forecast 2021-2026
    • Exhibit 43: Chart on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Data Table on Online - Market size and forecast 2021-2026 ($ million)
    • Exhibit 45: Chart on Online - Year-over-year growth 2021-2026 (%)
    • Exhibit 46: Data Table on Online - Year-over-year growth 2021-2026 (%)
  • 6.4 Offline - Market size and forecast 2021-2026
    • Exhibit 47: Chart on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
    • Exhibit 49: Chart on Offline - Year-over-year growth 2021-2026 (%)
    • Exhibit 50: Data Table on Offline - Year-over-year growth 2021-2026 (%)
  • 6.5 Market opportunity by Type
    • Exhibit 51: Market opportunity by Type ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 52: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 53: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 54: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 55: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 56: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 57: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 58: Matrix on vendor position and classification
  • 10.3 Cambridge University Press
    • Exhibit 59: Cambridge University Press - Overview
    • Exhibit 60: Cambridge University Press - Product / Service
    • Exhibit 61: Cambridge University Press - Key offerings
  • 10.4 Cast Inc.
    • Exhibit 62: Cast Inc. - Overview
    • Exhibit 63: Cast Inc. - Product / Service
    • Exhibit 64: Cast Inc. - Key offerings
  • 10.5 Discovery Education Inc.
    • Exhibit 65: Discovery Education Inc. - Overview
    • Exhibit 66: Discovery Education Inc. - Product / Service
    • Exhibit 67: Discovery Education Inc. - Key offerings
  • 10.6 Edmodo
    • Exhibit 68: Edmodo - Overview
    • Exhibit 69: Edmodo - Product / Service
    • Exhibit 70: Edmodo - Key offerings
  • 10.7 Houghton Mifflin Harcourt Co.
    • Exhibit 71: Houghton Mifflin Harcourt Co. - Overview
    • Exhibit 72: Houghton Mifflin Harcourt Co. - Business segments
    • Exhibit 73: Houghton Mifflin Harcourt Co. - Key offerings
    • Exhibit 74: Houghton Mifflin Harcourt Co. - Segment focus
  • 10.8 Kagan Publishing and Professional Development
    • Exhibit 75: Kagan Publishing and Professional Development - Overview
    • Exhibit 76: Kagan Publishing and Professional Development - Product / Service
    • Exhibit 77: Kagan Publishing and Professional Development - Key offerings
  • 10.9 LinkedIn Corp.
    • Exhibit 78: LinkedIn Corp. - Overview
    • Exhibit 79: LinkedIn Corp. - Product / Service
    • Exhibit 80: LinkedIn Corp. - Key offerings
  • 10.10 McGraw Hill Education Inc.
    • Exhibit 81: McGraw Hill Education Inc. - Overview
    • Exhibit 82: McGraw Hill Education Inc. - Business segments
    • Exhibit 83: McGraw Hill Education Inc. - Key offerings
    • Exhibit 84: McGraw Hill Education Inc. - Segment focus
  • 10.11 Pearson Plc
    • Exhibit 85: Pearson Plc - Overview
    • Exhibit 86: Pearson Plc - Business segments
    • Exhibit 87: Pearson Plc - Key offerings
    • Exhibit 88: Pearson Plc - Segment focus
  • 10.12 Scholastic Corp.
    • Exhibit 89: Scholastic Corp. - Overview
    • Exhibit 90: Scholastic Corp. - Business segments
    • Exhibit 91: Scholastic Corp. - Key offerings
    • Exhibit 92: Scholastic Corp. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 93: Inclusions checklist
    • Exhibit 94: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 95: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 96: Research methodology
    • Exhibit 97: Validation techniques employed for market sizing
    • Exhibit 98: Information sources
  • 11.5 List of abbreviations
    • Exhibit 99: List of abbreviations
  • The global education services market is at a crossroads with the positive impact of technological advances such as online education, the implementation of AR and VR in teaching methods, and the use of interactive whiteboards. On the other hand, data and security issues and low digital literacy rates are having a negative impact on the growth of the market. The combined impact of these factors will lead to high growth in the global education services market.
  • education: Includes technical education, language learning, test preparation services, tutoring services, makerspaces, vocational training, and distance learning courses and certifications
  • emphasis on mobile learning: The increasing use of smartphones is encouraging education service providers to introduce mobile learning modules. Mobile learning has several advantages, such as flexibility and convenience. Therefore, users can schedule and complete the course/training according to their convenience. Mobile learning is also an experience of personalized learning as users can take training as per their requirements.
  • digital literacy rates: Educational hardware and software have not been realized in tandem with the availability of trained staff in educational institutions. Institutions find it difficult to integrate technology into business processes. This is because of the inability of the faculty and administrators to understand applications and optimal use. The deployment of these applications alone by colleges and universities is not enough.

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
Interested in this report?
Get your sample now!
Professional Development Market in US market growth will increase by $3.75 bn during 2022-2026.
The professional development market in us market is expected to grow at a CAGR of 5.52% during 2022-2026.
Technavio has segmented the professional development market in us market by end-user (K-12, Higher education, and Pre K-12) ,type (Online and Offline) , and geographic (US).
Adobe Inc., Cambridge University Press, Cast Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Digital Learning Tree Inc., Discovery Education Inc., Edmodo, GP Strategies Corp., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Tree International Inc., LinkedIn Corp., McGraw Hill Education Inc., Pearson Plc, Scholastic Corp., Skillsoft Ltd. are a few of the key vendors in the professional development market in us market.
US will register the highest growth rate of 100% among the other regions. Therefore, the professional development market in us market in US is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the professional development market in us market growth are:
  • Innovations in technology to complement professional development courses
  • Mobile learning
The professional development market in us market vendors should focus on grabbing business opportunities from the k-12 segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
  • Off-the-shelf research reports
  • Reports can be tailored to meet the customer's needs
  • Trusted by more than 100 fortune 500 organizations
  • Information about the market's key drivers, trends, and challenges
  • Parent market analysis
  • Every week, 50,000 people visit our subscription platform
  • Detailed vendors report with competitive landscape
  • Covid-19 impact and recovery analysis
  • Data on revenue-generating market segments
  • Details on the market shares of various regions
  • Five-force market analysis

Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Safe and Secure SSL Encrypted
Technavio

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Customized Report as per your Business Needs

  • Our analysts will work directly with you and understand your needs
  • Get data on specified regions or segments, competitor and Vendors
  • Data will be formatted and presented as per your requirements
  • We offer $1000 worth of FREE customization at the time of purchase

Let us help you make report more suited to your requirements.

  • Get a competitive breakdown as per your niche industry
  • Customize the data with various metrics that meet your business prerequisite
  • Understand Revenue Sources, Customers and many more
  • Details on Market Share
  • These customizations are done in a short amount of time by our analysts and industry experts
Technavio
Enquire Before Buying
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>