In 2022, the Singapore leadership development program market value reached US$ 155 million. By 2023, it is projected to cross the US$ 176 million mark. Over the projection period from 2023 to 2033, sales revenue for Singapore leadership development programs is expected to increase at a CAGR of 14.0%. By 2033, the total market size is projected to reach US$ 655 million.
Key Factors Shaping Market Dynamics:
- Increasing Adoption by Corporate Companies: The rising adoption of leadership development programs by corporate entities and other end users is propelling the target market forward.
- Surge in Online and Remote Learning: The growing trend of online and remote learning is expected to uplift the demand for leadership development programs across Singapore.
- Awareness of Leadership Impact: Growing awareness about the significant impact of effective leadership on an organization’s financial health and overall success is anticipated to elevate the demand for leadership development programs.
- Growth in Enrollment Numbers: The forecasted rise in the number of enrollments in leadership development programs is projected to boost revenues through 2033.
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Further, technological advancements in online and digital learning platforms have made it easier for executives to participate in leadership development programs without having to take time off from their jobs or travel to physical locations.
Various firms and organizations are investing in leadership development programs as they realize the importance of these programs in improving leadership potential and promoting innovation.
Key Takeaways from the Singapore Leadership Development Program Market Study
- Singapore leadership development program demand is anticipated to rise at a CAGR of 14.0% during the forecast period.
- By 2033, the Singapore leadership development program industry is projected to reach US$ 655 million
- Based on program participants, business owners segment accounted for a dominant share of ~3% in 2022.
- By learner type, individual/private learners segment dominated the market with a revenue share of ~6% in 2022.
- In terms of mode of learning, virtual segment is gaining traction and it is anticipated to progress at a CAGR of ~15.5% during the forecast period.
“The Singapore leadership development program industry is poised for continued growth due to the increasing demand for skilled and knowledgeable executives in the business environment as well as the need for continuing education and professional development.” –says a lead FMI analyst
Who is Winning?
Key players present in the Singapore leadership development program industry are
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Deloitte
- KPMG
- Price Waterhouse and Coopers
- Accenture
- Ernst & Young LLP
- Booz Allen Hamilton
- Mercer LLC
- National University of Singapore
- Singapore Management University
- Nanyang Technological University
- National Institute of Education Singapore
- INSEAD International Business School
- Others (As Per Request)
Key leadership development program providers are focusing on forming alliances and partnerships with universities to diversify their course offerings and meet the needs of a growing customer base. They are also integrating advanced technologies to gain an upper hand in the market.
Recent developments:
- In 2023, the National University of Singapore collaborated with Emeritus, an edTech startup that provides accessible and affordable educational programs.
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Get More Valuable Insights
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the Singapore leadership development program market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study divulges compelling insights on the Singapore leadership development program industry based on program participants (business-owners, junior/entry-level employees, managers, mid-level employees, senior executives, students), learner type (group/small team learners, individual/private learners), mode of learning (classroom, virtual, blended), and duration (1 to 3 month, 3 to 6 month, 6 month to 1 yrs., more than 1 yrs.).
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
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 ~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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