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Professional Development Market in US 2024-2028

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    Report

  • 136 Pages
  • June 2024
  • Region: United States
  • TechNavio
  • ID: 5596135
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The professional development market in us is forecasted to grow by USD 4.81 billion during 2023-2028, accelerating at a CAGR of 6.36% during the forecast period. The report on the professional development market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by technological innovations that complement professional development courses, growing importance of stem education, and emphasis on digital and online learning.

The professional development market in us is segmented as below:

By End-user

  • K-12
  • Higher education
  • Pre K-12

By Type

  • Online
  • Offline

By Geographical Landscape

  • North America
This study identifies the increasing adoption of mobile learning as one of the prime reasons driving the professional development market in us growth during the next few years. Also, growing focus on content claim standard (ccs) standards and growing popularity of language learning will lead to sizable demand in the market.

The report on the professional development market in us covers the following areas:

  • Professional development market in us sizing
  • Professional development market in us forecast
  • Professional development market in us industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading professional development market in us vendors that include Acacia University, Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Inc., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Harvard University, Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Penn Graduate School of Education, Project Management Institute Inc., Purdue University, Scholastic Corp., Skillsoft Corp., and UNIVERSITY OF VIRGINIA. Also, the professional development market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on US - Market size and forecast 2023-2028 ($ million)
Data Table on US - Market size and forecast 2023-2028 ($ million)
Chart on US: Year-over-year growth 2023-2028 (%)
Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Professional Development Market in US 2018 - 2022
Historic Market Size - Data Table on Professional Development Market in US 2018 - 2022 ($ million)
4.2 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
4.3 Type segment analysis 2018 - 2022
Historic Market Size - Type Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
6.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
6.3 K-12 - Market size and forecast 2023-2028
Chart on K-12 - Market size and forecast 2023-2028 ($ million)
Data Table on K-12 - Market size and forecast 2023-2028 ($ million)
Chart on K-12 - Year-over-year growth 2023-2028 (%)
Data Table on K-12 - Year-over-year growth 2023-2028 (%)
6.4 Higher education - Market size and forecast 2023-2028
Chart on Higher education - Market size and forecast 2023-2028 ($ million)
Data Table on Higher education - Market size and forecast 2023-2028 ($ million)
Chart on Higher education - Year-over-year growth 2023-2028 (%)
Data Table on Higher education - Year-over-year growth 2023-2028 (%)
6.5 Pre K-12 - Market size and forecast 2023-2028
Chart on Pre K-12 - Market size and forecast 2023-2028 ($ million)
Data Table on Pre K-12 - Market size and forecast 2023-2028 ($ million)
Chart on Pre K-12 - Year-over-year growth 2023-2028 (%)
Data Table on Pre K-12 - Year-over-year growth 2023-2028 (%)
6.6 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Type
7.1 Market segments
Chart on Type - Market share 2023-2028 (%)
Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
7.3 Online - Market size and forecast 2023-2028
Chart on Online - Market size and forecast 2023-2028 ($ million)
Data Table on Online - Market size and forecast 2023-2028 ($ million)
Chart on Online - Year-over-year growth 2023-2028 (%)
Data Table on Online - Year-over-year growth 2023-2028 (%)
7.4 Offline - Market size and forecast 2023-2028
Chart on Offline - Market size and forecast 2023-2028 ($ million)
Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Chart on Offline - Year-over-year growth 2023-2028 (%)
Data Table on Offline - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Market opportunity by Type ($ million)
Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 Adobe Inc.
Adobe Inc. - Overview
Adobe Inc. - Business segments
Adobe Inc. - Key news
Adobe Inc. - Key offerings
Adobe Inc. - Segment focus
11.4 Cast Inc.
Cast Inc. - Overview
Cast Inc. - Product / Service
Cast Inc. - Key offerings
11.5 Cisco Systems Inc.
Cisco Systems Inc. - Overview
Cisco Systems Inc. - Business segments
Cisco Systems Inc. - Key news
Cisco Systems Inc. - Key offerings
Cisco Systems Inc. - Segment focus
11.6 D2L Inc.
D2L Inc. - Overview
D2L Inc. - Product / Service
D2L Inc. - Key news
D2L Inc. - Key offerings
11.7 Deloitte Touche Tohmatsu Ltd.
Deloitte Touche Tohmatsu Ltd. - Overview
Deloitte Touche Tohmatsu Ltd. - Product / Service
Deloitte Touche Tohmatsu Ltd. - Key news
Deloitte Touche Tohmatsu Ltd. - Key offerings
11.8 Discovery Education Inc.
Discovery Education Inc. - Overview
Discovery Education Inc. - Product / Service
Discovery Education Inc. - Key offerings
11.9 Harvard University
Harvard University - Overview
Harvard University - Product / Service
Harvard University - Key offerings
11.10 John Wiley and Sons Inc.
John Wiley and Sons Inc. - Overview
John Wiley and Sons Inc. - Business segments
John Wiley and Sons Inc. - Key news
John Wiley and Sons Inc. - Key offerings
John Wiley and Sons Inc. - Segment focus
11.11 McGraw Hill LLC
McGraw Hill LLC - Overview
McGraw Hill LLC - Product / Service
McGraw Hill LLC - Key news
McGraw Hill LLC - Key offerings
11.12 Microsoft Corp.
Microsoft Corp. - Overview
Microsoft Corp. - Business segments
Microsoft Corp. - Key news
Microsoft Corp. - Key offerings
Microsoft Corp. - Segment focus
11.13 Penn Graduate School of Education
Penn Graduate School of Education - Overview
Penn Graduate School of Education - Product / Service
Penn Graduate School of Education - Key offerings
11.14 Project Management Institute Inc.
Project Management Institute Inc. - Overview
Project Management Institute Inc. - Product / Service
Project Management Institute Inc. - Key offerings
11.15 Purdue University
Purdue University - Overview
Purdue University - Product / Service
Purdue University - Key offerings
11.16 Scholastic Corp.
Scholastic Corp. - Overview
Scholastic Corp. - Business segments
Scholastic Corp. - Key offerings
Scholastic Corp. - Segment focus
11.17 UNIVERSITY OF VIRGINIA
UNIVERSITY OF VIRGINIA - Overview
UNIVERSITY OF VIRGINIA - Product / Service
UNIVERSITY OF VIRGINIA - Key offerings
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
13.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 5: Executive Summary - Chart on Market Segmentation by Type
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Professional Development Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - Type Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on End-user - Market share 2023-2028 (%)
Exhibits 28: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by End-user
Exhibits 30: Data Table on Comparison by End-user
Exhibits 31: Chart on K-12 - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on K-12 - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on K-12 - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on K-12 - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Higher education - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Higher education - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Higher education - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Higher education - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Pre K-12 - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Pre K-12 - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Pre K-12 - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Pre K-12 - Year-over-year growth 2023-2028 (%)
Exhibits 43: Market opportunity by End-user ($ million)
Exhibits 44: Data Table on Market opportunity by End-user ($ million)
Exhibits 45: Chart on Type - Market share 2023-2028 (%)
Exhibits 46: Data Table on Type - Market share 2023-2028 (%)
Exhibits 47: Chart on Comparison by Type
Exhibits 48: Data Table on Comparison by Type
Exhibits 49: Chart on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 50: Data Table on Online - Market size and forecast 2023-2028 ($ million)
Exhibits 51: Chart on Online - Year-over-year growth 2023-2028 (%)
Exhibits 52: Data Table on Online - Year-over-year growth 2023-2028 (%)
Exhibits 53: Chart on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 54: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
Exhibits 55: Chart on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 56: Data Table on Offline - Year-over-year growth 2023-2028 (%)
Exhibits 57: Market opportunity by Type ($ million)
Exhibits 58: Data Table on Market opportunity by Type ($ million)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2023 and 2028
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Matrix on companies position and classification
Exhibits 66: Adobe Inc. - Overview
Exhibits 67: Adobe Inc. - Business segments
Exhibits 68: Adobe Inc. - Key news
Exhibits 69: Adobe Inc. - Key offerings
Exhibits 70: Adobe Inc. - Segment focus
Exhibits 71: Cast Inc. - Overview
Exhibits 72: Cast Inc. - Product / Service
Exhibits 73: Cast Inc. - Key offerings
Exhibits 74: Cisco Systems Inc. - Overview
Exhibits 75: Cisco Systems Inc. - Business segments
Exhibits 76: Cisco Systems Inc. - Key news
Exhibits 77: Cisco Systems Inc. - Key offerings
Exhibits 78: Cisco Systems Inc. - Segment focus
Exhibits 79: D2L Inc. - Overview
Exhibits 80: D2L Inc. - Product / Service
Exhibits 81: D2L Inc. - Key news
Exhibits 82: D2L Inc. - Key offerings
Exhibits 83: Deloitte Touche Tohmatsu Ltd. - Overview
Exhibits 84: Deloitte Touche Tohmatsu Ltd. - Product / Service
Exhibits 85: Deloitte Touche Tohmatsu Ltd. - Key news
Exhibits 86: Deloitte Touche Tohmatsu Ltd. - Key offerings
Exhibits 87: Discovery Education Inc. - Overview
Exhibits 88: Discovery Education Inc. - Product / Service
Exhibits 89: Discovery Education Inc. - Key offerings
Exhibits 90: Harvard University - Overview
Exhibits 91: Harvard University - Product / Service
Exhibits 92: Harvard University - Key offerings
Exhibits 93: John Wiley and Sons Inc. - Overview
Exhibits 94: John Wiley and Sons Inc. - Business segments
Exhibits 95: John Wiley and Sons Inc. - Key news
Exhibits 96: John Wiley and Sons Inc. - Key offerings
Exhibits 97: John Wiley and Sons Inc. - Segment focus
Exhibits 98: McGraw Hill LLC - Overview
Exhibits 99: McGraw Hill LLC - Product / Service
Exhibits 100: McGraw Hill LLC - Key news
Exhibits 101: McGraw Hill LLC - Key offerings
Exhibits 102: Microsoft Corp. - Overview
Exhibits 103: Microsoft Corp. - Business segments
Exhibits 104: Microsoft Corp. - Key news
Exhibits 105: Microsoft Corp. - Key offerings
Exhibits 106: Microsoft Corp. - Segment focus
Exhibits 107: Penn Graduate School of Education - Overview
Exhibits 108: Penn Graduate School of Education - Product / Service
Exhibits 109: Penn Graduate School of Education - Key offerings
Exhibits 110: Project Management Institute Inc. - Overview
Exhibits 111: Project Management Institute Inc. - Product / Service
Exhibits 112: Project Management Institute Inc. - Key offerings
Exhibits 113: Purdue University - Overview
Exhibits 114: Purdue University - Product / Service
Exhibits 115: Purdue University - Key offerings
Exhibits 116: Scholastic Corp. - Overview
Exhibits 117: Scholastic Corp. - Business segments
Exhibits 118: Scholastic Corp. - Key offerings
Exhibits 119: Scholastic Corp. - Segment focus
Exhibits 120: UNIVERSITY OF VIRGINIA - Overview
Exhibits 121: UNIVERSITY OF VIRGINIA - Product / Service
Exhibits 122: UNIVERSITY OF VIRGINIA - Key offerings
Exhibits 123: Inclusions checklist
Exhibits 124: Exclusions checklist
Exhibits 125: Currency conversion rates for US$
Exhibits 126: Research methodology
Exhibits 127: Information sources
Exhibits 128: Data validation
Exhibits 129: Validation techniques employed for market sizing
Exhibits 130: Data synthesis
Exhibits 131: 360 degree market analysis
Exhibits 132: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global professional development market in us: Acacia University, Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Inc., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Harvard University, Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Penn Graduate School of Education, Project Management Institute Inc., Purdue University, Scholastic Corp., Skillsoft Corp., and UNIVERSITY OF VIRGINIA.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing adoption of mobile learning."

According to the report, one of the major drivers for this market is the technological innovations that complement professional development courses.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acacia University
  • Adobe Inc.
  • Cast Inc.
  • Cisco Systems Inc.
  • D2L Inc.
  • Deloitte Touche Tohmatsu Ltd.
  • Discovery Education Inc.
  • Harvard University
  • Hone Group Inc.
  • Houghton Mifflin Harcourt Co.
  • John Wiley and Sons Inc.
  • Kagan Publishing and Professional Development
  • Learning Tree International Inc.
  • McGraw Hill LLC
  • Microsoft Corp.
  • Penn Graduate School of Education
  • Project Management Institute Inc.
  • Purdue University
  • Scholastic Corp.
  • Skillsoft Corp.
  • UNIVERSITY OF VIRGINIA