USD 32.9 billion
Report ID:
SQMIG20P2007 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
62
|Figures:
75
Corporate Leadership Training Market size was valued at USD 35.7 Billion in 2023 and is poised to grow from USD 38.73 Billion in 2024 to USD 74.39 Billion by 2032, growing at a CAGR of 8.5% during the forecast period (2025-2032).
Corporate leadership training refers to training programs that are conducted to develop leadership skills among corporate employees. The growing need for corporate leadership training in organizations is the prime market driver. As, it has been analyzed that, more than half of the managers underperform in their initial years whereas half of the employees left due to their bosses. All these factors together urge the demand for corporate leadership training. There are many organizations across the globe, which are now recognizing the importance of corporate leadership training to build a strong workplace culture and also to alleviate the overall financial growth of the business. Due to this, the organizations have started investing in the programs and initiatives that promote leadership in an organization. This attribute also contributes to the enhancement of the overall demand for corporate leadership training.
Global Market Size
USD 32.9 billion
Largest Segment
Intrsuctor-led Training
Fastest Growth
Blended Training
Growth Rate
8.5% CAGR
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Global corporate leadership training market is segmented by type, by application, and by regions. Based on type, the market is segmented into blended training, instructor-led training, and online training. By application, the market is segmented into large enterprises and small and medium enterprises. Further, by regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
By type, the market is segmented into blended training, instructor-led training, and online training. Instructor-led training (ILT) holds the major share of the corporate leadership training market. In 2023, the estimated market share of ILT was 59%. ILT is considered the traditional manner of fostering learning in the classrooms and the offices. The dominance of this segment is driven by the immense number of benefits that ILT provides which includes the provision of real-time questions as well as feedback and ILT also makes use of interactive techniques.
On the other hand, blended training and online training also account for a notable share in the market, due to the ease of use and flexibility that it provides. Furthermore, online training is considered the fastest-growing segment, as for this segment CAGR of 9.56% has been recorded. This is attributed to the increase in the adoption of advanced technologies such as augmented reality (AR), Virtual reality (VR), etc.
Analysis by Application
By application, the market is segmented into large enterprises and small and medium-sized enterprises. Large enterprises hold most of the share of the corporate leadership training market. This is driven by the large number of employees working in large enterprises and the complexity of the organizational structure. These factors allow this segment to account for a dominant market share.
On the other hand, small and medium-sized enterprises are considered the fastest-growing segment during the forecasted period. This is driven by the growing awareness among organizations for the implementation of leadership programs for their employees, to transform them into efficient and competent leaders, which further helps in accelerating the growth of the organizations.
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North America dominates the global corporate leadership training market. North America holds more than 50% of the global corporate leadership training market. This is attributed to the growing expenditure by the multinational companies operating in North America on the leadership training of their employees, for this the MNCs have enhanced their budgets to over 80%. Specifically, the US mainly emphasizes the requirement of the provision of leadership training to corporate employees. According to a Zippa.com article, it has been found that the US spends US 166 billion each year on the leadership training of corporate employees. Further, the early adoption of advanced technologies by the US also surges the demand for online corporate leadership training. Therefore, big MNCs like JP Morgan Chase, Microsoft, Google, etc. are also expected to foster leadership training programs for their new as well as existing employees.
Asia-Pacific is considered as the fastest growing segment, this is driven by the increased corporate complexity, which surges the demand of spending on the leadership training of the employees to resolve such complexities. Further, many companies are operating in the APAC region that provide free training programs to their employees, to alleviate the skills and competencies of the employees and also to strengthen the organization financially. Altogether, accelerates the demand for corporate leadership training in the APAC region.
After the Asia-Pacific region, Europe also tends to show some growth during the forecasted period due to the awareness of the importance of implementing leadership training programs. The EU labour force survey reveals that there are around 11.4% of the employees, who participated in the leadership training programs in Europe. Further, there is a Swedish enterprise operating in various sectors that offers a range of courses in personal development, computer science, leadership, etc, to the people.
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Drivers
Emphasis on Skill Enhancement of Employees
Rising Awareness Regarding Benefits of Leadership Training Programs
Restraints
High Cost of Corporate Leadership Training Programs
“One Size Fits All Approach” for Leadership Training Programs
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The global corporate leadership training market is characterized by intense competition among key players striving to gain a significant market share. Established companies and new entrants are focusing on product innovation, research and development, and strategic partnerships to stay ahead in the market. Key players are also emphasizing the development of customer-specific and region-specific training programs to cater to diverse requirements of organizations around the world. Mergers and acquisitions are common strategies employed to expand market reach and enhance market presence on a global scale. The competitive landscape is dynamic, with players striving to meet evolving consumer demands and gain a competitive edge in the market.
Top Player’s Company Profiles
Recent Developments
Remote Learning/Online Learning
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global corporate leadership training market analysis, the market is witnessing significant growth driven by factors such as the growing need for corporate leadership training and awareness about the significance of corporate leadership training. Further, the restraints for this market are the high cost incurred in the provision of corporate leadership training and the “one size fits all” approach of corporate leadership training.
Further, based on product type, instructor-led training (ILT) is considered the dominant segment, as ILT helps in providing real-time feedback and questions. Rest, online corporate leadership training is considered as the fastest growing segment, due to the rapid adoption of the latest technologies like AR, VR, etc.
Based on region, North America is the dominant region because the MNCs operating in this region highly emphasize the provision of leadership training to their employees, to reshape the better workplace culture and the future of the organization. On the other hand, the Asia-pacific region is considered as the fastest growing segment, due to the growing awareness about the importance of corporate leadership training in major countries like China, India, etc.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 32.9 billion |
Market size value in 2031 | USD 68.56 billion |
Growth Rate | 8.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Corporate Leadership Training Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Corporate Leadership Training Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Corporate Leadership Training Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Corporate Leadership Training Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20P2007
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