Global Personal Development Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Personal Development Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global personal development market has been segmented on the basis of instrument, focus area, as well as regions and countries.
Personal development covers activities that improve awareness and identity, develop talents and potential, build human capital and facilitate enjoyability, enhance the quality of life, and contribute to the realization of dreams and aspirations.
The surging need for employees to meet their company’s expectations and to develop their skills, all in the pursuit of happiness and self-recognition, is a primary factor that is expected to significantly influence the revenue growth of the global personal development market in the foreseeable future. The growing popularity of technology-driven platforms aimed at self-growth, especially among the younger generations, are slated to positively impact market growth.
In light of the COVID-19 pandemic, most countries around the world are in a state of lockdown. This global lockdown has led to the closure of several small-medium-scale business and the subsequent loss of numerous jobs. In order to stay ahead of the competition, for new or existing roles in the current market, individuals are now looking to sharpen their skills and add to their present repertoire of skills. This factor is expected to immensely affect the revenue growth of the global personal development market in the years to come.
Segmentation of the global personal development market is as follows:
In terms of instrument, the personal training/coaching segment accounted for the majority revenue share of the global personal development market in 2019. This can be attributed to the effectiveness of two-way communication offered by personal coaching. The books segment is slated to index considerable revenue growth over the next 10 years. The e-platform segment registered substantial revenue gains in 2019, and is expected to continue to do so in the years to come.
On the basis of focus area, the skillset enhancement segment accounted for the highest number of revenue shares of the global personal development market in 2019, and is slated to continue to do so in the future. The increasing adoption of personal development programs are expected to fuel the growth of this segment. Although, the self-awareness segment is slated to expand at the highest rate of revenue growth over the next 10 years.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global personal development market in 2019, and is expected to continue to do so over the next 10 years. The personal development market in the APAC is expected to register the fastest rate of revenue growth in the foreseeable future.
Segmentation of the Global Personal Development Market:
Segmentation by Instrument:
- Personal Coaching/Training
- Workshop & Seminars
Segmentation by Focus Area:
- Mental Health
- Motivation & Inspiration
- Physical Health
- Skillset Enhancement
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Dale Carnegie & Associates Inc.
- Toastmasters International
- Franklin Covey Co.
- WW International Inc.
- Wilson Learning
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