The global Leadership Development Program market size was USD 61.6 Billion in 2022 and is anticipated to reach USD 235.2 Billion in 2032, growing at a rate of 14.3% from 2023 to 2032.
Leadership Development Program is a process through which leaders are created. It involves training and development of people who can take up leadership positions in future. The program aims at enhancing the skills and abilities of individuals so that they can lead teams and organizations effectively. It also helps in building confidence and self-esteem of individuals.
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Market Driver and Trends
The key drivers of the leadership development program market are the need for organizations to have leaders who can effectively manage change, the need for leaders who can inspire and motivate employees, and the need for leaders who can provide direction and guidance. Change is a constant in today’s business environment, and organizations need leaders who can effectively manage change. Leaders who can inspire and motivate employees are also in high demand, as they can help to increase employee engagement and productivity.
Finally, leaders who can provide direction and guidance are also in high demand, as they can help organizations navigate through challenging times.
Major Players in the Global Leadership Development Program Market
The key players studied in the report are Cegos, Dale Carnegie Training, Franklin Covey, Skillsoft, AchieveForum, American Management Association, BTS, Center for Creative Leadership, Global Knowledge and GP Strategies among others.
COVID-19 Impact
The closure of educational institutions, like coaching, amid the nationwide lockdown owing to the outbreak of the COVID-19 pandemic has further assisted in augmenting the adoption of remote learning program such as leadership development programs by numerous colleges. This is likely to create lucrative growth opportunities in the market during the forecast period.
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Market Segmentation
By Type
- Online Training
- Blended Training
- Instructor-Led Training
By Organization Size
- SMEs
- Large Enterprises
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