Yahoo Finance

Global Personal Development Market

Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) -- The "Personal Development Market Size, Share & Trends Analysis Report By Instrument (Books, e-Platforms), By Focus Area (Mental Health, Physical Health), By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.

The global personal development market size is estimated to reach USD 67.02 billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030.

The market is expected to experience growth due to the increasing popularity of technology-driven, self-growth platforms, particularly among younger individuals. The trend of employees strongly emphasizing the improvement of their domain expertise and communication skills to meet the quality standards set by their employers is anticipated to contribute to the growth of the market over the forecast period.

The burgeoning demand for technology-powered self-growth platforms is reshaping the global personal development sector. Especially prevalent among the younger generation, this trend stems from a strong focus on enhancing domain expertise and communication abilities to align with workplace quality benchmarks.

Personal development, which spans self-improvement endeavors both at a personal and professional level, offers a spectrum of resources, from lectures and webinars to e-books and personal coaching. Capitalizing on digital breakthroughs, these resources are now universally accessible.

Leading market players, such as Dale Carnegie & Associates, Inc., are broadening their reach by presenting innovative self-growth programs across diverse online channels like podcasts and on-demand courses. For instance, their recently launched "Dale Carnegie Unlimited" suite in April 2023 empowers individuals to fortify interpersonal connections and teamwork dynamics in an increasingly remote work landscape.

Furthermore, the COVID-19 pandemic has supercharged the uptake of online personal development programs. Global lockdowns and movement restrictions, aimed at curbing the virus spread, have nudged individuals towards these platforms to bolster their well-being and skillsets amidst these unprecedented times.

Additionally, cutting-edge technologies like VR, AR, AI, and VPS are revolutionizing personalized learning experiences, promising to fuel market growth in the forthcoming years.

Personal Development Market Report Highlights

• Based on instrument, the personal coaching/training segment held the largest revenue share of over 38% in 2022, driven by its personalized approach, perceived value, positive outcomes, and increased accessibility through digital platforms

• Based on focus area, the skillset enhancement segment held the largest revenue share of over 31% in 2022, as individuals and organizations increasingly focused on acquiring and improving skills to adapt to changing professional needs, technology advancements, and evolving job market requirements

• Asia Pacific is anticipated to grow at the fastest CAGR of over 7% during the forecast period due to its rapid economic growth, increasing awareness of personal growth, youthful population, technological advancements, and supportive policies