USD 32.9 billion
Corporate Leadership Training Market Size, Share, Growth Analysis, By Product Type(Blended Training, Instructor-led Training, and Online Training), By Application(Large Enterprises, Small And Medium Enterprises), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20P2007 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
62
|Figures:
75
Corporate Leadership Training Market Insights
Global Corporate Leadership Training Market size was valued at USD 32.9 billion in 2022 and is poised to grow from USD 35.70 billion in 2023 to USD 68.56 billion by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Intrsuctor-led Training
Fastest Growth
Blended Training
Growth Rate
8.5% CAGR
Global Corporate Leadership Training Market ($ Bn)
Country Share for North America Region (%)
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Corporate Leadership Training Market Segmental Analysis
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.
Global Corporate Leadership Training Market By Product Type
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Corporate Leadership Training Market Regional Insights
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.
Global Corporate Leadership Training Market By Region
- Largest
- Fastest
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Corporate Leadership Training Market Dynamics
Drivers
Emphasis on Skill Enhancement of Employees
- The growth and success of the organization highly depends on efficient and effective leadership. This further urges organizations to invest in leadership training programs for their employees. Apart from this, a survey states that there are 69.2% of the managers don’t feel comfortable interacting with their employees, 50% of the employees left their jobs due to their bosses, while 60% of the managers underperformed in the initial two years of their job. All these factors will accelerate the demand for fostering leadership skills and competency among corporate employees.
Rising Awareness Regarding Benefits of Leadership Training Programs
- Organizations have understood the requirement for diverse leadership teams, therefore, the companies are implementing diversity and inclusivity-related programs. Further, the inclination towards digital transformation urges the demand for those leaders who can able to well manage the technology as well as the data for growing the business. This further, can be attained by the efficient provision of the training on the leadership. This training also helps in improving the communication as well as the interpersonal skills of the employees. All these factors help in putting a positive impact on the corporate leadership market.
Restraints
High Cost of Corporate Leadership Training Programs
- Corporate leadership training incurs high costs, as it includes the resources cost, instructor costs, etc. Considering this high cost, SMEs, often face difficulty in accessing the leadership training programs. Sometimes, the employee or the person also faces affordability issues in these leadership programs. So, all these factors together hamper the growth of the corporate leadership training market globally.
“One Size Fits All Approach” for Leadership Training Programs
- The requirements and the objectives of each employee or person are different. So, considering this, it is required that the training programs must be tailored according to the needs and aims of each person. In this way, the tailored training programs prove efficient for employees to seek the desired competency and skills. Also, in this way, the organizations can able to reduce their extra expenses on the training programs. Creating custom training programs could be a challenge and therefore slow down market growth as well.
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Corporate Leadership Training Market Competitive Landscape
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
- Skillsoft Corp (US)
- Franklin Convey. Co (US)
- Wilson learning worldwide Inc. (Japan)
- NIIT ltd. (India)
- Computer Generated Solutions Inc. (US)
- Global Training solutions Inc. (Canada)
- Future London Academy ltd. (UK)
- GBS corporate training ltd. (UK)
- D2L Corp. (Canada)
- Articulate Global Inc. (US)
- 360Training.com Inc. (US)
- Anthology Inc. (US)
- City & Guilds Kineo (UK)
- Cornerstone Ondemand Inc. (US)
- EI design Pvt ltd. (India)
- GP Strategies corporation (Coloumbia)
- iSpring solutions Inc. (US)
- John Wiley and sons Inc. (US)
- KnowBe4 Inc. (US)
- LRN Corporation (US)
Recent Developments
- In June 2023, D2L Corp fostered its expansion in India, by making certain investments which includes investments in the development, support operations, and cloud solutions of the nation.
- In May 2023, a new course called “Inclusive leadership: Practical ways to cultivate Inclusion & Build a better team” was released by the Franklin Covey Co. The purpose of this course is to create positive and the inclusive workplace environment.
- In December 2023, Lean In, a leadership training program provider for women, announced the launch of its new leadership training program to help women get promoted in workplaces.
Corporate Leadership Training Key Market Trends
- Integration of Advanced Technologies
- Key market players are mainly emphasizing the development of collaborative leadership programs by incorporating advanced technologies such as AI, AR, and VR. Integration of these technologies will also foster advancements in the gamification of the leadership training space.
Remote Learning/Online Learning
- It has been analyzed that there is a growing trend of remote learning or online learning. Remote or online learning is considered an effective way to promote learning due to its adaptability and flexibility. Further, the integration of the latest technologies can help in achieving a better reach for promoting the learning and also helps in attaining better corporate outcomes.
Corporate Leadership Training Market SkyQuest Analysis
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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Corporate Leadership Training Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Corporate Leadership Training Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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