Professional Development Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to professional development market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Professional Development Market News

in Professional Development Market
  • HMH, a provider of adaptive learning, launched the HMH Performance Suite in November 2024. The solution integrates assessment with Tier 1 instruction and curriculum and brings K-12 teaching practices onto one platform. Launching the Performance Suite is a significant step in uniting HMH's high-quality instructional content with NWEA's leading industry assessments. This Performance Suite gives end-to-end support throughout the teaching journey, from planning and teaching to assessment, analysis, and professional development, in a single easy-to-use interface.
  • LinkedIn Learning launched three professional certificates in October 2024 that focused on AI and were aimed at talent professionals, such as Generative AI for Recruiting, LinkedIn Recruiter and AI-Driven Talent Acquisition, and Generative AI for Learning and Development. The programs aim to help L&D and HR professionals unlock the potential of AI tools for better recruitment and workforce development practices.
  • Coursera made a significant contribution to the professional development market with the launch of over 450 new Generative AI courses in 2024. With record enrollments in courses like "Google AI Essentials," the platform placed itself at the forefront of AI-powered upskilling, answering growing worldwide demand for forward-looking, tech-focused professional learning opportunities.
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Global Professional Development Market size was valued at USD 51.52 Billion in 2023 and is poised to grow from USD 54.14 Billion in 2024 to USD 80.48 Billion by 2032, growing at a CAGR of 5.08% in the forecast period (2025-2032).

E-learning platforms, offline training, and wellness programs are some of the alternatives that major companies in the professional development market offer. The professional development market is marked by stiff competition. Incorporating artificial intelligence, offering personalized courses, and offering a blend of online and offline learning are the means through which they are differentiating. The large companies are also focusing on employees' health and well-being, as well as skill development enabling them to attract and retain quality talent, whereas small and medium enterprises are more concerned with trying to save money. 'LinkedIn Learning', 'HMH', 'Coursera', 'Skillshare', 'Pluralsight', 'Mind Gym', 'D2L', 'Lynda', 'FutureLearn', 'Harvard Business Publishing', 'Khan Academy', 'EdX', 'Vimocity', 'Headspace', 'Gartner '

There has been a strong effect on the professional development market that has resulted from the pressure to move towards online learning platforms. As a counter to the increasingly high demand for flexible methods of learning, these platforms have offered the possibility of options that are both cost-effective and convenient to access and modify. The fact that training, webinars, and certification can be accessed from anywhere facilitates professional development and makes it possible for it to be tailored to meet specific needs of individuals and organizations.

Programs of Individualized Instruction: The industry is trending toward a more customized learning experience as the new norm. Artificial intelligence (AI), machine learning, and analytics are being used by companies to develop customized training programs for employees that are aligned with their own jobs, skill gaps, and career aspirations. There exists a relationship between customized learning and higher worker retention and engagement, leading to heightened productivity and general job satisfaction.

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Global Professional Development Market
Professional Development Market

Report ID: SQMIG20P2011

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