Corporate Leadership Training Market Size, Share, Growth Analysis, By Product Type(Blended Training, Instructor-led Training), By Application(Large Enterprises, Small And Medium Enterprises) - Industry Forecast 2024-2031

Corporate Leadership Training Market size was valued at USD 32.9 billion in 2022 and is poised to grow from USD 35.70 billion in 2023 to USD 68.56 billion by 2031, growing at a CAGR of 8.5% during the forecast period (2024-2031).

The corporate leadership training market is characterized by intense competition among key players striving to gain a significant market share. Established companies and new entrants are focusing on product innovation, research and development, and strategic partnerships to stay ahead in the market. Key players are also emphasizing the development of customer-specific and region-specific training programs to cater to diverse requirements of organizations around the world. Mergers and acquisitions are common strategies employed to expand market reach and enhance market presence on a scale. The competitive landscape is dynamic, with players striving to meet evolving consumer demands and gain a competitive edge in the market. 'Skillsoft Corp (US)', 'Franklin Convey. Co (US)', 'Wilson learning worldwide Inc. (Japan)', 'NIIT ltd. (India)', 'Computer Generated Solutions Inc. (US)', 'Training solutions Inc. (Canada)', 'Future London Academy ltd. (UK)', 'GBS corporate training ltd. (UK)', 'D2L Corp. (Canada)', 'Articulate Inc. (US)', '360Training.com Inc. (US)', 'Anthology Inc. (US)', 'City & Guilds Kineo (UK)', 'Cornerstone Ondemand Inc. (US)', 'EI design Pvt ltd. (India)', 'GP Strategies corporation (Coloumbia)', 'iSpring solutions Inc. (US)', 'John Wiley and sons Inc. (US)', 'KnowBe4 Inc. (US)', 'LRN Corporation (US)'

The growth and success of the organization highly depends on efficient and effective leadership. This further urges organizations to invest in leadership training programs for their employees. Apart from this, a survey states that there are 69.2% of the managers don’t feel comfortable interacting with their employees, 50% of the employees left their jobs due to their bosses, while 60% of the managers underperformed in the initial two years of their job. All these factors will accelerate the demand for fostering leadership skills and competency among corporate employees.

Integration of Advanced Technologies

North America dominates the corporate leadership training market. North America holds more than 50% of the corporate leadership training market. This is attributed to the growing expenditure by the multinational companies operating in North America on the leadership training of their employees, for this the MNCs have enhanced their budgets to over 80%. Specifically, the US mainly emphasizes the requirement of the provision of leadership training to corporate employees. According to a Zippa.com article, it has been found that the US spends US 166 billion each year on the leadership training of corporate employees. Further, the early adoption of advanced technologies by the US also surges the demand for online corporate leadership training. Therefore, big MNCs like JP Morgan Chase, Microsoft, Google, etc. are also expected to foster leadership training programs for their new as well as existing employees.