Personal Development Market Size - By Instrument, Focus Area & Global Forecast, 2023

Description

List of Tables

Personal Development Market size is poised to expand at 7% CAGR from 2023 to 2023 driven by the rising demand for skill enhancement, career advancement, and educational resources coupled with the growing importance of tools and courses for professional growth and learning.

With individuals seeking to enhance their professional capabilities for staying relevant in the competitive job market and adapting to evolving industry requirements, the focus on providing specialized training, career advancement guidance, and skill development programs is significantly soaring. To cite an instance, in July 2023, education solution provider Anthology launched an extensive range of new AI-powered features for assisting instructors in creating more engaging learning experiences and providing detailed, actionable data on the progress of learners. Additionally, the proliferation of advanced digital platforms, online courses, and mobile applications for offering personalized coaching, self-help content, and interactive resources will augment the industry outlook.

The personal development industry is segmented into instrument, focus areas, and region.

In terms of instrument, the market size from the books segment is anticipated to witness high demand between 2023 and 2032. The higher availability of diverse array of content for catering to various aspects of personal development is garnering widespread popularity among individuals seeking knowledge and guidance for personal growth. The accessibility and affordability of self-help books due to their ability to offer practical insights and actionable strategies will significantly contribute to the segment growth.

As per focus area, the personal development industry from the motivation and inspiration segment generated considerable revenue in 2022 and is estimated to gain significant traction through 2032. The increasing demand for motivational content, inspirational speakers, and self-help resources aimed at fostering positive mindset shifts and personal empowerment is contributing to the segment expansion. Additionally, the surging focus on uplifting and empowering individuals through various channels, including seminars, workshops, online courses, and coaching programs will add to the market expansion.

Regionally, the Asia Pacific personal development industry is estimated to record robust growth through 2032, driven by the increasing focus on self-improvement, the rising awareness of mental health, and the growing adoption of holistic wellness practices. The strong focus on upskilling and reskilling initiatives supported by proactive government policies will create conducive environment for the regional market development. For instance, in November 2023, to maintain the momentum of labor participation rate, Malaysia's King highlighted the need to invest in lifelong learning and continual personal development in the country for workers to stay competitive in the global market.

Product Code: 6647

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Personal development market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Instrument trends
2.5 Application trends
2.6 Focus Area trends

Chapter 3 Personal Development Industry Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
- 3.8.1 Partnership/Collaboration
- 3.8.2 Merger/Acquisition
- 3.8.3 Investment
- 3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Increased demand for self-improvement
  - 3.10.1.2 Rising stress and mental health concerns
  - 3.10.1.3 Growing demand for career advancement
  - 3.10.1.4 Consumer preference for improved physical health
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Market saturation with numerous courses
  - 3.10.2.2 Lack of scientific evidence to support self-help methods
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Dale Carnegie & Associates, Inc.
- 4.3.2 Franklin Covey Co.
- 4.3.3 Toastmasters International
- 4.3.4 Landmark Worldwide Enterprises Inc.
- 4.3.5 Omega Institute
- 4.3.6 Skill Path
- 4.3.7 Skillsoft Corporation
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Personal Development Market Estimates & Forecast, By Instrument (Revenue)

5.1 Key trends, by instrument
5.2 Books
5.3 e-Platforms
- 5.3.1 Mobile Application-Based
- 5.3.2 Web Application-Based
5.4 Personal Coaching/Training
- 5.4.1 Executive and Leadership Coaching
- 5.4.2 Financial Coaching
- 5.4.3 Career Coaching
- 5.4.4 Others
5.5 Workshops & Seminars

Chapter 6 Personal Development Market Estimates & Forecast, By Focus Area (Revenue)

6.1 Key trends, by focus area
6.2 Mental health
6.3 Motivation & inspiration
6.4 Physical health
6.5 Self-awareness
6.6 Skillset enhancement
- 6.6.1 Communication
- 6.6.2 Teamwork
- 6.6.3 Decision Making
- 6.6.4 Analytical and Problem Solving
- 6.6.5 Empowerment
- 6.6.6 Others

Chapter 7 Personal Development Market Estimates & Forecast, By Region (Revenue)

7.1 Key trends, by region
7.2 North America
- 7.2.1 U.S.
- 7.2.2 Canada
7.3 Europe
- 7.3.1 UK
- 7.3.2 Germany
- 7.3.3 France
- 7.3.4 Italy
- 7.3.5 Spain
- 7.3.6 Russia
- 7.3.7 Nordics
7.4 Asia Pacific
- 7.4.1 China
- 7.4.2 ANZ
- 7.4.3 India
- 7.4.4 Japan
- 7.4.5 South Korea
- 7.4.6 Singapore
7.5 Latin America
- 7.5.1 Brazil
- 7.5.2 Mexico
- 7.5.3 Argentina
7.6 MEA
- 7.6.1 South Africa
- 7.6.2 UAE
- 7.6.3 Saudi Arabia

Chapter 8 Company Profiles

8.1 Coursera Inc.
8.2 Dale Carnegie & Associates, Inc.
8.3 Esalen Institute and Esalen Center for Theory & Research
8.4 Franklin Covey Co.
8.5 Hay House Publishing
8.6 Landmark Worldwide Enterprises Inc.
8.7 Omega Institute
8.8 OpenSesame Inc.
8.9 Pluralsight Inc.
8.10 SkillPath
8.11 Skillsoft Corporation
8.12 The Arbinger Institute
8.13 Toastmasters International
8.14 Wilson Learning
8.15 WW International