United States Professional Learning Market, 2023

The Professional Learning 2023 report provides an overview and outlook for the professional development training market both for the education and corporate workplace sectors. The report sized total spending on US PreK-12 professional development in the 2022-2023 school year at $5.99 billion, up 2.9% from $5.76 billion in the previous year. The global market for corporate learning and development is forecast to grow from $345.56 billion in 2021 to $493.32 billion in 2028 with a CAGR of 8.9%. Forces and drivers accelerating the trend in both sectors include technology, including the use of generative AI in products; complexity of work, addressing remote workers, and the need for soft skills. Newer products are providing more hybrid learning, increased personalization and active learning, and more microlearning opportunities. In the corporate workplace, there is a need for rapid reskilling as it is estimated that 44% of workers’ skills will be disrupted in the next five years. The data in the report is derived from consulting and analyzing the latest data from governmental, association and other official sources, along with data from key trade journals, surveys, and the publisher's own analyses.