NEW YORK, Nov. 7, 2022 /PRNewswire/ — Technavio categorizes the Global Personal Development Market as a part of the parent education services market, covering the revenue generated by consumer service providers, including home security services, residential services, personal services, legal services, renovation and interior design services, wedding services, consumer auction services, and funeral services. Our research report has extensively covered external factors influencing the parent market growth during the forecast period. The Global Personal Development Market share is set to increase by USD 755.16 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 8.31% as per the latest market forecast report by Technavio. The market will also record a 6.92% Y-O-Y growth rate during 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 innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global personal development market, focusing on the adoption rates of the major countries such as the US, Canada, China, Japan, India, and Germany. To help companies evaluate and develop growth strategies for 2022-2027. Our researchers have included –
Key purchase criteria
Adoption rates
Adoption lifecycles
Drivers of price sensitivity
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Global Personal Development Market – Vendor Analysis
Vendor Landscape – The personal development market is highly fragmented, with numerous players competing with each other. Actors 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 during the forecast period. Some of the key vendors in the market include Dale Carnegie and Associates Inc., Coursera Inc., Esalen Institute, edX LLC, and Franklin Covey Co.
Vendor Offerings –
dalecarnegiefranchise.com – The company offers personal development services such as courses for developing personal leadership.
esalen.org – The company offers personal development services such as open group classes, namely Self-Guided Explorations.
franklincovey.com – The company offers personal development services such as live online and live in-person workshops for developing mindsets and essential skillsets.
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Global Personal Development Market – Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Personal Development Market as per geography is categorized into North America, Europe, APAC, South America, and 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 market understandings.
Regional Highlights – North America is the fastest-growing region in the global personal development market compared to other regions. 32% of the market’s growth will originate from North America. The growth of the market in the region is driven by the rising demand for personal development training and the number of smart device users and mobile broadband connections. In addition, the need for personal development solutions is expected to be driven by the early adoption of e-books, audiobooks, and other digitally enhanced platforms for learning activities.
Revenue Generating Segment Highlights – The Global Personal Development Market as per distribution channel segmentation is categorized into Online and Offline. The personal development market share growth by the online segment will be significant during the forecast period. The rapid adoption of digital technology is expected to raise the demand for virtual platforms during the forecast period.
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Global Personal Development Market – Market Dynamics
Major Driver – The increase in cost-effective content development is driving market growth. Vendors are investing significantly in content marketing strategies. Content marketing is an effective way to increase the involvement of the audience. The presence of high-quality, consistent, and engaging content influences the decisions of the audience.
Major Trend – The rising adoption of cloud computing in the academic sector is a trend in the market. Students and institutions prefer online content due to its low cost of acquisition and ease of use. Vendors are helping educational institutions improve and develop their digital library systems using cloud services. Thus, the adoption of smartphones is also expected to boost the growth of the market.
Major Challenges – The increasing adoption of open-source solutions may challenge market growth. Open-source personality development solutions provide free-of-cost solutions. Most audiences prefer these solutions instead of paid solutions.
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Personal Development Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist the personal development market growth during the next five years
Estimation of the personal development market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the personal development market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the personal development market vendors
Related Reports
The professional development market is projected to grow by USD 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).
The learning management system market is projected to grow by USD 44978.02 with a CAGR of 20.85% during the forecast period 2022 to 2027. The market is segmented by end-user (academic and corporate), deployment (on-premise and on-cloud), and geography (North America, Europe, APAC, South America, and Middle East and 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
USD 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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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global personal development market 2017 – 2021
4.2 Distribution channel Segment Analysis 2017 – 2021
4.3 Type Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Online – Market size and forecast 2022-2027
6.4 Offline – Market size and forecast 2022-2027
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by Type
7.1 Market segments
7.2 Comparison by Type
7.3 Self-awareness and skillset enhancement – Market size and forecast 2022-2027
7.4 Mental health – Market size and forecast 2022-2027
7.5 Physical health – Market size and forecast 2022-2027
7.6 Market opportunity by Type
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America – Market size and forecast 2022-2027
9.4 Europe – Market size and forecast 2022-2027
9.5 APAC – Market size and forecast 2022-2027
9.6 South America – Market size and forecast 2022-2027
9.7 Middle East and Africa – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 Germany – Market size and forecast 2022-2027
9.10 China – Market size and forecast 2022-2027
9.11 Canada – Market size and forecast 2022-2027
9.12 Japan – Market size and forecast 2022-2027
9.13 India – Market size and forecast 2022-2027
9.14 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Dale Carnegie and Associates Inc.
12.4 Esalen Institute
12.5 Franklin Covey Co.
12.6 Hay House Publishing
12.7 Landmark Worldwide Enterprises Inc.
12.8 Nutrisystem Inc.
12.9 Omega Institute
12.10 Pluralsight Inc.
12.11 SkillPath
12.12 Skillsoft Corp.
12.13 Success Resources Australia Pty Ltd.
12.14 Toastmasters International
12.15 Udemy Inc.
12.16 Wilson Learning Worldwide Inc.
12.17 WW International Inc.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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