Personal development Market 2023-2027: A Descriptive Analysis of Parent Market, Five Forces Model, Market Dynamics, & Segmentation

NEW YORK, November 28, 2022 /PRNewswire/ — According to Technavio, the global personal development market size is predicted to grow USD 755.16 million from 2022 to 2027. The market is estimated to grow at a CAGR of 8.31% during the forecast period. North America It held the largest share of the global market in 2022, and the market in the region is estimated to experience an incremental growth of 32%.

Technavio has announced its latest market research report titled Global Personal Development Market 2023-2027

Technavio has announced its latest market research report titled Global Personal Development Market 2023-2027

Find out some ideas about market size before you buy the full report, request a free sample report!

Global Personal Development Market – Parent Market Analysis

Technavio ranks the global personal development market as part of the specialized consumer services market, which covers revenue generated by providers of consumer services, including residential services, home security services, legal services, personal services, personal renewal and development, consumer auction services, wedding services and funeral services. Technavio calculates the size of the global consumer specialty services market based on the revenue generated by various consumer specialty service providers such as residential service, home security service, legal service, personal service, renovation and development staff, the consumer auction service, the wedding service and the funeral service providers. .

Find information on the main market and value chain analysis, download an exclusive sample!

Global Personal Development Market: Five Forces

The global personal development market is fragmented and the five forces analysis covers:

  • Bargaining power of buyers

  • Threat of new entrants

  • Threat of rivalry

  • Bargaining power of suppliers

  • Threat of substitutes

  • Interpretation of porter five model helps to strategize business, for full details – buy report!

Global Personal Development Market: Customer Landscape

The report covers the market adoption lifecycle, from the innovator stage to the laggard stage. It focuses on adoption rates in different regions based on penetration. In addition, the report also includes key buying criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global market of personal developmentSegmentation evaluation

Segment overview

Technavio segmented the market by distribution channel, type and region.

  • The offline distribution channel segment will grow at the highest rate during the forecast period. The segment has seen continuous growth in recent years with a favorable demographic increase and higher per capita income. Moreover, the growing awareness among parents about the essential skills required for their child’s overall development is fueling the growth of the offline segment.

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Overview of geography

By geography, the global personal development market is segmented in APAC, North America, Europethe middle east e Africae south america. The report provides useful information and estimates the contribution of all regions to the growth of the global personal development market.

  • North America had a share of 32% of the global personal development market in 2022. The region’s market is estimated to grow at the fastest rate during the forecast period. The growth of the regional market is driven by factors such as the growing demand for personal development training, the growing number of smart device users, and the growing number of mobile broadband connections. People in the region are increasingly looking for strategies to improve their physical and mental well-being. In addition, skills that focus on self-awareness become more important, such as emotions, character traits, habits, individual values ​​and psychological needs that determine the daily conduct of individuals. All these factors did North America one of the main markets for personal development worldwide.

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Global market of personal development – Market dynamics

Key factor driving market growth

  • Increasing development of cost-effective content is one of the key factors driving market growth.

  • Market vendors are making significant investments in content marketing strategies in the B2B space. This is helping them connect with their target audience more effectively.

  • Providers are developing very consistent, high-quality and engaging content to influence audience decisions. They are leveraging online platforms and focusing on the weak points of the audience to attract them.

  • Such strategies adopted by vendors are driving the growth of the global personal development market.

Recent trends influencing the market

  • The growing adoption of cloud computing in the academic sector is the main trend in the market.

  • Education technology companies in the market are embracing the cloud to provide flexible and high-quality learning options to self-developing students.

  • The preference for online content is also increasing among students as it is cost effective and can be accessed from anywhere.

  • Many providers are helping educational institutions develop and improve their digital library systems using cloud services.

  • This trend will have a positive impact on the growth of the global personal development market during the forecast period.

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Major challenges hindering market growth

  • The growing adoption of open source solutions will challenge the market growth.

  • Open source personal development solutions in the market are available for free. They are readily available in the form of magazine articles, YouTube videos, and motivational speakers.

  • Most audiences prefer paid solutions as they are able to provide the same insight as paid sources.

  • These open source solutions are creating a large number of challenges for the growth of the market vendors, which is adversely affecting the growth of the market.

The driver, the trend and the challenges are the factor of the dynamics of the market that indicates the consequences and the sustainability of the companies. Find some ideas from a free sample report.

What are the key data covered in this Personal Development market report?

  • Market CAGR during the forecast period

  • Detailed information on factors that will drive the growth of the Personal Development Market from 2023 to 2027

  • Accurate estimation of the size of the personal development market and its contribution to the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Personal Development Market Industry Growth Across APAC, North America, Europe, middle east e Africae south america

  • Comprehensive analysis of the competitive landscape of the market and detailed information on suppliers

  • Comprehensive analysis of the factors that will challenge the growth of vendors of the Personal Development Market

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Related reports:

  • O professional development market share in the US expected to be valued at 3.75 million dollars by 2026 with a progressive CAGR of 5.52%. The market is segmented by end-user (K-12, higher education and pre-K-12) and type (online and offline).

  • O market share of corporate training in the US is expected to increase by 1.21 million dollars from 2021 to 2026, and the market growth rate will accelerate with a CAGR of 6.49%. The market is segmented by product (technical courses and non-technical courses), end user (manufacturing, healthcare, BFSI, IT and others), method (blended learning, offline learning and online learning) and geography (US).

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Scope of the personal development market

Coverage report

Details

Page number

156

base year

2022

Historic year

2017-2021

Forecast period

2023-2027

Growth momentum and CAGR

Accelerating at a CAGR of 8.31%

Market Growth 2023-2027

USD 755.16 million

Market structure

fragmented

Year-on-year growth (%)

6.92

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Realization of the contribution to the market

North America at 32%

Main consumer countries

United States, Canada, China, Japan, India and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profile of key companies

Coursera Inc., Dale Carnegie and Associates Inc., edX LLC, Esalen Institute, Franklin Covey Co., Hay House Publishing, Landmark Worldwide Enterprises Inc., LinkedIn Corp., Nutrisystem Inc., Omega Institute, OpenSesame Inc., Pluralsight Inc. , SkillPath, SkillShare Inc., Skillsoft Corp.

Market dynamics

Major market analysis, market growth drivers and obstacles, analysis of fast and slow growth segments, impact and recovery analysis of COVID-19 and future consumer dynamics and market condition analysis for the forecast period.

Customization scope

If our report did not include the data you are looking for, you can contact our analysts and customize segments.

Table of Contents:

1 Executive summary

2 Landscape of the market

3 Size of the market

4 Historical market size

5 Analysis of the five forces

6 Market segmentation by distribution channel

7 Market segmentation by type

8 Customer landscape

9 Geographical landscape

10 drivers, challenges and trends

11 Landscape of sellers

12 Analysis of suppliers

13 Appendix

About us
Technavio is a leading global technology research and advisory company. His research and analysis focuses on emerging market trends and provides useful information to help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, covering 50 countries. Its customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s broad coverage, extensive research and actionable market insight to identify opportunities in existing markets and potential and assess their competitive positions within the changing market scenarios.

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Website: www.technavio.com/

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