The surge in demand for leadership development stems from an increased awareness of its profound impact on an organization’s financial health.

NEWARK, Del, April 24, 2024 (GLOBE NEWSWIRE) — The corporate leadership training market will be valued at US$ 39.3 billion by 2024. The market valuation is estimated to be US$ 90.1 billion by 2034, projected at a CAGR of 8.7%.

Cross-cultural leadership skills become imperative as businesses operate across diverse markets, compelling the need for tailored training. Adopting innovative training methods such as online platforms and simulations enhances accessibility and effectiveness. Intensifying competition and rapid market changes necessitate agile and visionary leadership, boosting demand for training services.

Economic uncertainties may limit organizations’ investment in leadership development initiatives, impacting market growth. Some firms struggle to measure the tangible returns on leadership training investments, leading to hesitation in allocating resources.

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Organizational culture resistant to new leadership paradigms may hinder the adoption of innovative training approaches. With numerous providers offering similar services, differentiation becomes challenging, potentially stalling market expansion.

Integration of gamification and interactive techniques enhances engagement and knowledge retention in training programs. Emphasis on diversity, equity, and inclusion in leadership training reflects societal and organizational imperatives, fostering inclusive leadership practices. Lifelong learning becomes integral to leadership development, with a trend towards ongoing skill enhancement and professional growth.

Key Takeaways from the Market Study

• By end user, the large scale enterprises segment is registered at a CAGR of 5% by 2034.
• China is expected to register at a CAGR of 4% by 2034.
• South Korea registers significant growth, projected at a CAGR of 11% by 2034.
• Based on application, the online training segment is fostered at a CAGR of 3% by 2034.

“The strategic imperative for organizations to invest in building a strong leadership bench augments sustained growth and competitiveness in the long term.,” opines Sudip Saha, managing director at Future Market Insights (FMI) analyst.

Competitive Landscape

The corporate leadership training market features diverse competitors, from established institutes to online platforms. Key players offer comprehensive programs and differentiate through innovative curriculum design and industry-specific expertise.

Digital platforms are disrupting the market, providing scalable and customizable training options and boosting competition and innovation within the sector. Some of the key developments are:Top of Form

• In August 2020, Salesforce and IBM partnered to aim to deliver integrated solutions for customer experience management.

In June 2020, Microsoft acquired Softomotive, a leading robotic process automation (RPA) provider, augmenting its capabilities in automation technology. The strategic move aligned with the companies’ goals for enhancing customer experiences and bolstering automation offerings, fostering innovation and market leadership.

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Key Companies Profiled        

• Skillsoft Corp.
• Franklin Covey Co.
• Wilson Learning Worldwide Inc.
• NIIT Ltd.
• Computer Generated Solutions Inc.
• Global Training Solutions Inc.
• Future London Academy Ltd.
• GBS Corporate Training Ltd.
• D2L Corp.
• Articulate Global Inc.

Key Segments

By Application:

• Online Training
• Instructor Let Training (ILT)
• Blended Training

By End-User:

• Large Scale Enterprises
• Small and Midsize Enterprises

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East and Africa

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Authored by:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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