Corporate Leadership Training Market to Expand by USD 26.85 Billion (2024-2028), Boosted by Long-Term Programs and AI-Driven Market Evolution - Technavio
NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Report on how AI is driving market transformation - The global corporate leadership training market size is estimated to grow by USD 26.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 11.13% during the forecast period. Long duration of leadership training programs is beneficial for vendors is driving market growth, with a trend towards emergence of gamification in corporate training. However, lack of standardization and efficient metrics to measure effectiveness of training programs poses a challenge. Key market players include Allen Communication Learning Services, Articulate Global Inc., BTS Group AB, City and Guilds Group, Computer Generated Solutions Inc., D2L Inc, Development Dimensions International Inc., Franklin Covey Co., Future London Accademy Ltd., GBS Corporate Training, 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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Corporate Leadership Training Market Scope
Report Coverage
Details
Base year 2023
Historic period
2018 - 2022
Forecast period
2024-2028
Growth momentum & CAGR Accelerate at a CAGR of 11.13%
Market growth 2024-2028
USD 26.85 billion
Market structure
Fragmented
YoY growth 2022-2023 (%) 9.73
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution North America at 39%
Key countries
US, UK, China, Germany, and Canada
Allen Communication Learning Services, Articulate Global Inc., BTS Group AB, City and Guilds Group,
Computer Generated Solutions Inc., D2L Inc, Development Dimensions International Inc., Franklin Covey
Co., Future London Accademy Ltd., GBS Corporate Training, 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
Key companies profiled Inc.
Market Driver
Corporate leadership training is a vital investment for teams and organizations seeking to inspire, motivate, and develop their leaders. With rapid technological advancements, virtual delivery is a trending approach, enabling agile leadership development through new-gen technologies like AI, AR, and VR. Collaborative leadership, mobile learning, gamification techniques, and blended training are also popular. Training magazines highlight the importance of emotional intelligence, communication, and interpersonal skills for leaders. Predictive analytics helps identify leadership succession needs, providing a competitive advantage. Pharmaceutical and Healthcare, IT & Telecom, and SMEs leverage instructor-led training, BTS, and online learning for leadership qualities. Virtual Reality (VR) and Augmented Reality (AR) offer learning experiences. Online and remote learning are accessible solutions for teams. Coaching, security issues, and cyber threats are concerns addressed through digital simulations and social networking tools. Instructor-led training remains essential for hands-on skills development. Market expansion requires leaders with confidence and self-esteem. Change management, direction, and guidance are crucial leadership qualities. Embracing these trends and technologies can help organizations stay competitive.
Corporate leadership training is a crucial investment for organizations to develop their managers and executives. However, getting employees to participate in these programs can be challenging. Some companies struggle to convince staff to attend, as it means time away from work. In response, there's growing interest in gamification as a solution. This trend involves incorporating game elements into training programs, fostering friendly competition and a sense of achievement. Gamification enhances user engagement, leading to significant behavioral changes. By focusing on these benefits, organizations can justify the investment in corporate leadership training with a clear return on investment.
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Market Challenges
-- In today's business landscape, corporate leadership training faces
numerous challenges. Rapid technological advancements demand leadership
adaptability and agility. Virtual delivery of training through new-gen
technologies like AI, AR, and VR is essential for market expansion.
Collaborative leadership, mobile learning, gamification techniques, and
blended training are becoming the norm. Leadership development programs
focus on essential qualities such as emotional intelligence,
communication skills, and interpersonal skills. Predictive analytics
help identify leadership succession needs, providing a competitive
advantage. Change is constant, and leaders must inspire, motivate, and
provide direction and guidance. Online and remote learning through
digital simulations offer accessibility. Instructor-led training, SMEs,
and BTS continue to play a role. Coaching and security issues, including
cyber threats and data theft, are critical concerns. Pharmaceutical and
Healthcare, IT & Telecom industries invest significantly in leadership
training. Embracing these challenges and adapting to new technologies
can help teams and organizations thrive in the modern business
environment. Training magazines highlight best practices and trends in
leadership development.
-- Corporate leadership training is an essential investment for
organizations to develop their workforce. However, measuring the
effectiveness of these programs remains a challenge. Organizations
primarily rely on trainee feedback, which can be subjective. This makes
it difficult for trainers to make necessary adjustments post-training
and for companies to identify top performers for promotions.
Furthermore, the lack of standardization in producing consistent
learning outcomes from the same materials adds complexity to the market.
Organizations must ensure their leadership training programs are
adaptable, effective, and yield measurable results.
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Segment Overview
This corporate leadership training market report extensively covers market segmentation by
1. End-user
-- 1.1 Large enterprises
-- 1.2 SMEs
2. Application
-- 2.1 Online training
-- 2.2 ILT
-- 2.3 Blended training
3. Geography
-- 3.1 North America
-- 3.2 Europe
-- 3.3 APAC
-- 3.4 South America
-- 3.5 Middle East and Africa
1.1 Large enterprises- Large enterprises, characterized by a sizable workforce, substantial revenue, and multifaceted operations, recognize the significance of investing in leadership development. With intricate organizational structures and hierarchies, these organizations prioritize enhancing the skills of executives and managers through corporate leadership training. Identifying high-potential employees and preparing them for future leadership roles is essential for succession planning and bridging leadership gaps. In a competitive business environment, continuous learning and upskilling are crucial. Corporate leadership training programs offer executives and managers opportunities to improve their leadership abilities, stay informed of industry trends, and adapt to evolving business landscapes. These factors underpin the expansion of the large enterprise segment in the global corporate leadership training market.
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Research Analysis
The Corporate Leadership Training market is experiencing significant growth due to rapid technological advancements and the increasing need for adaptability and agility in today's business environment. Virtual delivery of leadership training programs has become increasingly popular, allowing leaders to learn and develop new skills and abilities from anywhere in the world. New-Gen Technologies, such as Artificial Intelligence (AI), Augmented Reality (AR), and Virtual Reality (VR), are being integrated into training programs to provide and interactive learning experiences. Collaborative leadership is also a key focus, with training programs inspiring and motivating leaders to effectively guide and direct their teams and organizations through change. Online and remote learning have become essential tools for organizations, enabling leaders to access training and development opportunities at their own pace and convenience. Confidence and self-esteem are also important outcomes of leadership training, helping leaders inspire and motivate their teams to achieve success.
Market Research Overview
The Corporate Leadership Training market is experiencing significant growth due to the need for leaders to adapt to rapid technological advancements. Virtual delivery of training programs is becoming increasingly popular, allowing for greater flexibility and accessibility. New-Gen Technologies, such as AI, AR, and VR, are being integrated into training programs to enhance the learning experience. Collaborative leadership and mobile learning are also key trends, as organizations seek to foster agility and inspire confidence in their teams. Leadership development is essential for organizations to maintain a competitive advantage. Emotional intelligence, communication skills, and interpersonal skills are crucial leadership qualities. Predictive analytics and leadership succession planning are also important aspects of effective leadership development. Online training and remote learning are becoming more common, with blended training programs combining online and instructor-led components. Market expansion is driving the demand for leadership training, with Pharmaceutical and Healthcare, Information Technology & Telecom, and SMEs being major industries investing in leadership development. However, with the shift to online learning comes new challenges, such as security issues, cyber threats, and data theft. Organizations must prioritize the protection of personal information to ensure the success of their training programs. In summary, the Corporate Leadership Training market is evolving rapidly, with a focus on virtual delivery, new technologies, and leadership adaptability. Effective training programs inspire and motivate leaders, providing direction and guidance to teams and organizations in an ever-changing business landscape.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
-- End-user
-- Large Enterprises
-- SMEs
-- Application
-- Online Training
-- ILT
-- Blended Training
-- Geography
-- North America
-- Europe
-- APAC
-- South America
-- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 across 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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Email: media@technavio.com
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