Global personal development industry expected to reach $67 billion by 2030 – ResearchAndMarkets.com

0

DUBLIN–(BUSINESS WIRE)–The “Personal Development Market Size, Share and Trend Analysis Report by Instrument (Books, e-Platforms, Personal Coaching/Training), by Focus Area, by Region and Segment Forecast, 2022-2030 “ report has been added to from ResearchAndMarkets.com offer.

The global personal development market size is estimated to reach USD 67.02 billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.

Companies cited

  • Dale Carnegie & Associates, Inc.

  • Franklin Covey Co.

  • Hay House Editions

  • world landmark

  • Success Resources America

  • Omega Institute

  • Skills path

  • Toastmasters International

  • Nutrisystem, Inc.

  • Esalen Institute and Esalen Center for Theory and Research

Rising popularity of tech-driven self-growth platforms among youth is expected to drive the market growth over the forecast period. Emphasis by employees on improving their domain expertise and communication skills to meet the quality standards set by their employers is expected to contribute to the growth of the market.

Personal development covers many facets of self-improvement and personal growth on both individual and professional fronts. It includes lectures, courses, lectures, webinars, books, e-books and personal coaching. These courses help individuals to develop their aptitudes, their critical thinking and decision-making abilities, as well as their physical and mental health.

Advances in digital technologies allow individuals to undertake personal development programs regardless of their geographic location. Key market players such as Franklin Covey Co., Omega Institute, Toastmasters International and SkillPath offer self-improvement programs globally through various online methods including on-demand courses, books audio, podcasts and e-books, as part of their efforts. to expand their user base.

The outbreak of the COVID-19 pandemic has triggered the demand for online self-growth programs. Lockdowns and restrictions on the movement of people imposed by governments around the world have prompted individuals to opt for online courses to learn new skills and improve their well-being. Additionally, advancements in latest technologies including Artificial Intelligence (AI), Virtual Positioning System (VPS) and Virtual Reality (VR) allow individuals to take self-development courses at their convenience and their preferences.

Personal Development Market Report Highlights

  • The growing awareness of individuals to ensure their physical and mental well-being is driving the growth of the market.

  • The mobile application-based segment is expected to grow at a CAGR of over 7% from 2022 to 2030 due to the increased convenience offered by smartphones and other mobile devices for people who wish to opt for self-improvement courses.

  • The skills enhancement segment dominated the market in 2021 and is expected to grow at a CAGR of over 4% from 2022 to 2030 owing to the growing adoption of self-growth programs.

  • Asia-Pacific is estimated to grow at the highest CAGR of around 7% during the forecast period, driven by increased adoption of digital learning and growing consumer awareness of skills professionals to get well-paying jobs.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Personal Development Industry Outlook

3.1. Market segmentation

3.2. Market size and growth prospects

3.3. Analysis of the personal development value chain

3.4. Personal development market dynamics

3.4.1. Market Driver Analysis

3.4.1.1. Growing need for employees to develop professional skills

3.4.1.2. Supportive initiatives undertaken by governments globally

3.4.1.3. Growing popularity of tech-driven platforms for personal growth

3.4.2. Market Restriction Analysis

3.4.2.1. Lack of time and awareness of personal development programs

3.5. Personal Development – Analysis of the main competitors, 2020

3.6. PESTEL analysis of the personal development market

3.7. Porter’s analysis of the personal development market

Chapter 4 Personal Development Instrument Perspectives

Chapter 5 Personal Development Focus Area Perspectives

Chapter 6 Regional Perspectives on Personal Development

Chapter 7 Competitive Landscape

For more information on this report, visit https://www.researchandmarkets.com/r/a1amgk

Share.

Comments are closed.