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The global personal development market size is estimated to reach USD 67.02 billion by 2030, growing at a CAGR of 5.5% from 2022 to 2030.
Dale Carnegie and Associates
Franklin Covey Company
Hay House Publishing
Success Resources America
Nutrisystem Co., Ltd.
Esalen Institute and Esalen Theoretical Research Center
Growing popularity of technology-driven self-growth platforms among young people is expected to drive the growth of the market during the forecast period. The focus of employees on improving their domain expertise and communication skills in order to meet the quality standards set by employers is expected to contribute to the growth of the market.
Personal development covers several aspects of self-improvement and self-growth in both personal and professional terms. This includes lectures, courses, conferences, webinars, books, e-books, and personal coaching. These courses help individuals develop aptitude, critical thinking, decision-making ability, physical and mental health.
Advances in digital technology have enabled individuals to undertake self-development programs regardless of their geographic location. Leading market players such as Franklin Covey Co., Omega Institute, Toastmasters International, and SkillPath are part of the effort to deliver self-improvement programs globally through a variety of online methods, including on-demand courses, audiobooks, podcasts, and e-books. is offered to Grow your user base.
The outbreak of the COVID-19 pandemic has increased the demand for online self-growth programs. Lockdowns and restrictions on the movement of people imposed by governments around the world have prompted individuals to choose online courses to learn new skills and improve their health. With the latest technological advances such as Virtual Positioning System (VPS) and Virtual Reality (VR), individuals can take self-development courses according to their convenience and preferences.
Personal Development Market Report Highlights
Growing awareness among individuals to ensure physical and mental health is boosting the growth of the market.
The mobile application-based segment is expected to grow at a CAGR of over 7% from 2022 to 2030. This is due to the increased convenience that smartphones and other mobile devices offer to people looking to opt for self-improvement courses.
The skillset enhancement segment will dominate the market in 2021 and is expected to grow at a CAGR of over 4% from 2022 to 2030, owing to increasing adoption of self-growth programs.
Asia Pacific is estimated to grow at the highest CAGR of around 7% during the forecast period. This is due to the increasing adoption of digital learning and growing consumer awareness of professional skills to land high-paying jobs.
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Personal Development Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Personal Development Value Chain Analysis
3.4.Personal development market dynamics
3.4.1. Market Driver Analysis
184.108.40.206. Growing Need for Employees to Develop Professional Skills
220.127.116.11. Favorable initiatives by governments around the world
18.104.22.168. Growing Popularity of Technology-Driven Platforms for Personal Growth
3.4.2. Market constraint analysis
22.214.171.124. Lack of Time and Awareness for Personal Development Programs
3.5.Personal Development – Key Competitor Analysis, 2020
3.6. Personal Development Market PESTEL Analysis
3.7. Personal Development Market Porter Analysis
Chapter 4 Prospects for personal development measures
Chapter 5 Prospects for Priority Areas of Personal Development
Chapter 6 Self-development Regional outlook
Chapter 7 Competitive Environment
For more information on this report, please visit https://www.researchandmarkets.com/r/a1amgk.