Professional Development Market Size in the US to Grow by USD 3.75 billion | Innovations in Technology to Drive Growth

NEW YORK, June 6, 2022 /PRNewswire/ — The professional development market in the US is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. This is an emerging market and is expected to gain traction at a consistent pace during the forecast period.

Technavio has announced its latest market research report titled Professional Development Market in the US by End-user and Type – Forecast and Analysis 2022-2026

According to Technavio, the professional development market size in the US is expected to grow by USD 3.75 billion from 2021 to 2026. Moreover, the growth momentum of the market will progress CAGR of 5.52% during the forecast period.

View an Exclusive Sample Report for additional insights into the market

Frequently Asked Questions:

  • Based on segmentation by End-user, which is the leading segment in the market?
    Based on segmentation by end-user, the K-12 segment is the leading segment in the market.

  • What are the major trends in the market? 
    Mobile learning is one of the trends contributing to the market growth.

  • What are the major challenges in the market?
    Time and cost constraints
    are challenging the growth of the market.

  • What is the year-over-year growth rate of the market in 2022?
    The year-over-year growth rate of the market in 2022 is 4.5%.

Professional Development Market in US 2022-2026: Scope

The professional development market in US report covers the following areas:

Get lifetime access to our Technavio Insights. Subscribe now to our most popular “Basic Plan” billed annually at USD 5000.

Professional Development Market in US 2022-2026: Vendor Analysis

Adobe Inc., Cambridge University Press, Cast Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Digital Learning Tree Inc., Discovery Education Inc., Edmodo, GP Strategies Corp., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Tree International Inc., LinkedIn Corp., McGraw Hill Education Inc., Pearson Plc, Scholastic Corp., and Skillsoft Ltd. are some of the major market participants.

Professional Development Market in US 2022-2026: Driver

Innovations in technology to complement professional development courses is one of the key drivers of the market. One of the emerging features in professional development tools is adaptive learning. In addition, there are various tools and social media platforms that can complement the professional development courses of teachers. Teachers can use tools to enhance engagement. These tools also allow them to join groups, share resources, discuss various topics, and get feedback. For instance, Adobe Education Exchange enables teachers to connect, share resources, and access free online courses about content creation.

Professional Development Market in US 2022-2026: Segmentation

View our Sample Report Now to learn about the contribution of each segment of the market.

Professional Development Market in US 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026

  • Detailed information on factors that will assist the professional development market growth in the US during the next five years

  • Estimation of the professional development market size in the US and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the professional development market in us across the US

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of the professional development market vendors in US

Related Reports:

Business English Language Training Market by End-user, Learning Method, and Geography – Forecast and Analysis 2022-2026

E-learning Market by End-users and Geography – Forecast and Analysis 2022-2026

Professional Development Market In US Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.52%

Market growth 2022-2026

USD 3.75 billion

Market structure

Fragmented

YoY growth (%)

4.5

Regional analysis

US

Performing market contribution

US at 100%

Key consumer countries

US

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Adobe Inc., Cambridge University Press, Cast Inc., Cisco Systems Inc., City and Guilds Group, D2L Corp., Digital Learning Tree Inc., Discovery Education Inc., Edmodo, GP Strategies Corp., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Tree International Inc., LinkedIn Corp., McGraw Hill Education Inc., Pearson Plc, Scholastic Corp., and Skillsoft Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End-user

6 Market Segmentation by Type

7 Customer Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/professional-development-market-size-in-the-us-to-grow-by-usd-3-75-billion–innovations-in-technology-to-drive-growth–technavio-301560936.html

SOURCE Technavio