Personal Development Market Size to Grow by USD 755.16 Million From 2022 to 2027, Customer Landscape, Vendor Assessment & Market Dynamics- Technavio

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.

To know more about the historic market size – Request a Free Sample Report!

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

• To unlock the detailed information on the customer landscape – Request a FREE
  Sample Now!

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.

• To know about all 15 major vendor offerings – Download a FREE sample Now!

Story continues

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.

Download a FREE Sample Report that can help you to strategize your sales
revenue – Get it now!

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.

To know about other factors of market dynamics – Request a Free Sample!

Register for a free trial today and gain instant access to 17,000+ market research
reports. 
Technavio’s SUBSCRIPTION platform

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).

Browse Consumer Discretionary Market Reports

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Distribution Channel

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/personal-development-market-size-to-grow-by-usd-755-16-million-from-2022-to-2027–customer-landscape-vendor-assessment–market-dynamics–technavio-301668958.html

SOURCE Technavio