Authored By: Sarah
24 Jan 2025

Latest News- Professional Development Market: Online is expected to lead the Type segment during 2025-2029

The Professional Development Market is being driven by Innovations in technology to complement professional development courses

The Professional Development Market is expected to grow at a CAGR of 8.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 26219.4 million. In today's rapidly evolving educational landscape, professional development is essential for educators to acquire new skills and enhance their competence. With the widespread adoption of smartphones and increasing Internet penetration, mobile learning has emerged as a game-changer in the delivery of professional development courses. Mobile learning offers numerous advantages, including flexibility to learn on-the-go, access to learning materials anytime, anywhere, and enhanced collaboration among educators through resource sharing and communication. Furthermore, the trend of using mobiles for certification and licensure exam preparation is on the rise, making mobile learning a key differentiator for vendors in the professional development market. By incorporating mobile learning into their offerings, professional development providers can gain a competitive edge and expand their consumer base. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

  • Innovations in technology to complement professional development courses
  • Growing importance of STEM education
  • Support from government for deployment of professional development courses and solutions

However, the market also witnesses some limitations, which are as follows:

  • Increasing popularity of open educational resources
  • Unstructured nature of professional development courses
  • Lack of awareness

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Market Scope in Professional Development Market Research Report

Market Scope

Report Coverage

Details

Page number

189

Base year

2024

Historic period

2019-2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 8.1%

Market growth 2025-2029

USD 26219.4 million

Market structure

Fragmented

YoY growth 2024-2025(%)

7.6

Key countries

US, Canada, Germany, UK, China, India, Australia, France, South Korea, and Brazil

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Research Analysis Overview

Professional development encompasses formal and informal learning opportunities for both Job Seekers and Employees. This includes K-12 and Higher Education, as well as Pre-K-12 educators. Formal methods include professional skills training in areas like emotional intelligence, communication abilities, and individual habits, offered through online courses or offline workshops. Informal learning can be through simulations, virtual classrooms, and remote student interactions. Adaptive learning and games are effective tools for employee efficiency. Schools and Colleges also offer development opportunities, focusing on teacher's presentations, teamwork, and non-verbal cues. Overall, a development mentality is essential for continuous growth and improvement.

Market Research Overview

In the professional development market, job seekers and employees continually seek to enhance their skills and knowledge to remain competitive in the business landscape. Firms offering education services play a pivotal role in facilitating this growth by providing formal and informal courses, both online and offline, catering to various sectors such as K-12, higher education, and pre-K-12. To effectively serve clients, these firms employ pitching and profiling operations to comprehend industry and client-specific business needs and offer superior value propositions. Simultaneously, resourcing and communicating operations streamline workflows, ensuring efficient project management, resource planning, and client engagement, ultimately increasing the likelihood of positive value perceptions and client satisfaction. Inputs in this market include essential resources like funds, teachers/lecturers, instructional materials, and classroom instructions, both on-campus and online, as well as writing instruments and learning centers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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