In 2023, the United States leadership development program market is estimated to be worth approximately US$ 6,782.9 million. Over the forecast period from 2023 to 2033, experts predict a steady growth trajectory, with the market projected to surpass US$ 11,995.6 million by 2033. This suggests a compound annual growth rate (CAGR) of 5.9% during the specified timeframe.
- Leadership development programs have become increasingly prevalent among professionals in the United States, with colleges offering customized programs tailored to individual schedules and needs.
- Acquisitions and mergers are recognized as prominent strategies for enhancing business presence, and their rising adoption is expected to offer significant advantages to institutes.
- Mergers & acquisitions provide access to a wide portfolio of leadership development programs and contribute to financial stability, among other benefits.
- Companies like Coursera Inc. are offering free online trials for leadership development programs, allowing customers to experience the program before committing full-time.
- The demand for leadership development programs is steadily increasing as they facilitate successful improvements in leadership abilities and encourage firms to diversify their workforce by acquiring new skill sets.
- Spending on leadership development programs is anticipated to rise as corporations recognize that traditional degrees may not adequately prepare individuals for careers in today’s dynamic and uncertain corporate environment.
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Technological advancements in online and digital learning platforms have made it easier for executives to participate in leadership development programs. Hence, they do not have to take time off from their jobs or travel to physical locations.
Several organizations and businesses are recognizing the value of investing in leadership development programs. They are striving to look at these programs as a means of developing their leadership talent and driving innovation. The United States leadership development program industry grew at a CAGR of 5.2% from 2018 to 2022.
Key Takeaways from the United States Leadership Development Program Market Study
- Based on program participants, business owners currently hold a key United States leadership development program industry share of around 28.0%.
- Based on duration, the 1 to 3-month segment is anticipated to rise at a CAGR of around 8.2% during the forecast period.
- Based on the learner type, the group/small team learners segment is projected to surge at a CAGR of 7.0% from 2023 to 2033, and generate a share of 51.0% in 2033.
- The USA leadership development program market showcased decent growth at a CAGR of 5.2% from 2018 to 2022.
- The USA leadership development program market is likely to witness a year-on-year growth rate of 5.3% from 2022 to 2023.
“It is more cost-effective for a corporation to fill senior roles directly inside its organizational structure rather than hire an external resource. Organizations in the United States are hence slated to invest more in leadership training every year.” – says a lead analyst at Future Market Insights (FMI)
Competitive Landscape
Businesses in the United States leadership development program market are looking to form strategic partnerships and alliances with other companies. They want to broaden their product selection to better serve an expanding customer base. They are further concentrating on research and development to create cutting-edge products to diversify their line.
Key Companies Profiled
- McKinsey & Company
- Bain & Company
- Boston Consulting Group
- Deloitte
- KPMG
- Price Waterhouse and Coopers
- Accenture
- Ernst & Young LLP
- Booz Allen Hamilton
- Mercer LLC
- Harvard Business School
- Wharton School of the University
- Kellogg School of Management
- INSEAD (Graduate Business School)
- Yale School of Management
- Others (As Per Request)
For instance,
- In March 2021, leadership development and coaching company BetterUp announced that it had raised US$ 125 million in a Series D funding round. The company plans to use the funds to expand its platform and services.
- In February 2021, leadership development firm AchieveForum announced the launch of a new virtual leadership development program called Leading Remote Teams. The program is designed to help leaders develop the skills they need to manage remote teams effectively.
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United States Leadership Development Program Market Outlook by Category
By Program Participants:
- Business-owners
- Junior/Entry-level Employees
- Managers
- Mid-level Employees
- Senior Executives
- Students
By Learner Type:
- Group/Small Team Learners
- Individual/Private Learners
By Duration:
- 1 to 3 Month
- 3 to 6 Month
- 6 Months to 1 Year
- More than 1 Year
By Mode of Learning:
- Classroom
- Virtual
- Live Online
- Pre-recorded
- Blended
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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