Personal Development Market 2022-2028

Title:Global Personal Development Market Size, Share &Trends Analysis Report by Instrument (Books, E-Platforms, and Personal Coaching/Training), By Focus Area (Mental Health, Motivation & Inspiration, and Physical Health) Forecast (2022-2028).

The global personal development market is anticipated to grow at a considerable CAGR of 8.2% during the forecast period. The rising trend of personality development classes among the young generation is driving the growth of the personal development market across the globe. For instance, in March 2021, Aura Image Management and Consulting (AIM&C), Samira Gupta launched her unparalleled course, Transformation Coach Certification. Coach Samira is a renowned life coach, executive presence coach, corporate consultant and facilitator, and firewalking instructor & trainer. Additionally, in May 2020, ECT provides an opportunity to learn personality development through their online personality development course. It is very useful for high school students, graduates, job seekers, businessmen, and working professionals.

The global personal development market is segmented based on instrument, and focus area. Based on the instrument, the market is segmented into books, e-platforms, and personal coaching/training. Based on the focus area, the market is segmented into mental health, motivation & inspiration, and physical health. Based on the focus area segment, the mental health sub-segment is expected to hold a prominent share in the global personal development market during the forecast period. World Mental Health Day is observed on 10 October every year, to increase the awareness of mental health issues around the world. For instance, in April 2021, India launched the MANAS Mitra app to promote the mental well-being of citizens. The app, MANAS, stands for Mental Health and Normalcy Augmentation System, is a comprehensive, scalable, and national digital wellbeing platform designed to augment the mental well-being of Indian citizens.

Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. The North American region is expected to hold a prominent market share in the global personal development market during the forecast period due to the adoption of advanced platforms for self-improvement practices. The rising number of digital platforms for self-improvement is driving the growth of this region in the global personal development market. The demand for e-books is also increasing among Americans which also led to the growth of the market. For instance, in March 2022, 50 Global Corporate Women Leaders collaborated to co-author an eBook, bringing 1000 years of collective wisdom wrapped in empowering anecdotes to serve as a ready reckoner guiding light for the younger generation in shaping their careers ahead.

The major companies serving the global personal development market include Dale Carnegie & Associates, Inc., Graceland College Center for Professional Development and Lifelong Learning, Inc (SkillPath), Success Resources Australia Pty Ltd., Landmark Worldwide Enterprises, Inc., Wilson Learning Worldwide Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2020, SkillPath expands virtual training for business professionals. SkillPath's one- and two-day, three-hour virtual training events cover critical topics and skills employees need now more than ever: project and time management, administrative support, Microsoft Excel and Office applications, communications, teamwork and collaboration, human resources, OSHA, supervisory and leadership development, business writing, marketing, and social media.

Research Methodology

The market study of the global personal development market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market.

• Whitepapers, research papers, and news blogs.

• Company websites and their product catalog.

The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Personal Development Market Research and Analysis by Instrument.
• Global Personal Development Market Research and Analysis by Focus Area.

The Report Covers:

• Comprehensive research methodology of the global personal development market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global personal development market.
• Insights about market determinants that are stimulating the global personal development market.
• Detailed and extensive market segments with the regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.