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Professional Development Market in US 2023-2027

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    Report

  • 129 Pages
  • July 2023
  • Region: United States
  • TechNavio
  • ID: 5596135
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The professional development market in US is forecasted to grow by USD 4,176.83 mn during 2022-2027, accelerating at a CAGR of 5.84% 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 innovations in technology to complement professional development courses, growing importance of stem education, and support from government districts.

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 professional development in 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 sizing in US
  • Professional development market forecast in US
  • Professional development market industry analysis in US
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 Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Corp., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Technologies Group Plc, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Pearson Plc, Project Management Institute Inc., Scholastic Corp., Skillsoft Corp., and University of Cambridge. 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 publisher 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
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 07: Parent market
Exhibit 08: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibit 14: Data Table on US: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Professional development market in US 2017 - 2021
Exhibit 15: Historic Market Size - Data Table on professional development market in US 2017 - 2021 ($ million)
4.2 End User Segment Analysis 2017 - 2021
Exhibit 16: Historic Market Size - End User Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 21: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 22: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 23: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user
6.1 Market segments
Exhibit 25: Chart on End-user - Market share 2022-2027 (%)
Exhibit 26: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 27: Chart on Comparison by End-user
Exhibit 28: Data Table on Comparison by End-user
6.3 K-12 - Market size and forecast 2022-2027
Exhibit 29: Chart on K-12 - Market size and forecast 2022-2027 ($ million)
Exhibit 30: Data Table on K-12 - Market size and forecast 2022-2027 ($ million)
Exhibit 31: Chart on K-12 - Year-over-year growth 2022-2027 (%)
Exhibit 32: Data Table on K-12 - Year-over-year growth 2022-2027 (%)
6.4 Higher education - Market size and forecast 2022-2027
Exhibit 33: Chart on Higher education - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Higher education - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Higher education - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Higher education - Year-over-year growth 2022-2027 (%)
6.5 Pre K-12 - Market size and forecast 2022-2027
Exhibit 37: Chart on Pre K-12 - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Pre K-12 - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Pre K-12 - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Pre K-12 - Year-over-year growth 2022-2027 (%)
6.6 Market opportunity by End-user
Exhibit 41: Market opportunity by End-user ($ million)
Exhibit 42: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type - Market share 2022-2027 (%)
Exhibit 44: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Online - Market size and forecast 2022-2027
Exhibit 47: Chart on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Online - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Online - Year-over-year growth 2022-2027 (%)
7.4 Offline - Market size and forecast 2022-2027
Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 55: Market opportunity by Type ($ million)
Exhibit 56: Data Table on Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Exhibit 58: Impact of drivers and challenges in 2022 and 2027
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
Exhibit 59: Overview on Criticality of inputs and Factors of differentiation
10.3 Landscape disruption
Exhibit 60: Overview on factors of disruption
10.4 Industry risks
Exhibit 61: Impact of key risks on business
11 Vendor Analysis
11.1 Vendors covered
Exhibit 62: Vendors covered
11.2 Market positioning of vendors
Exhibit 63: Matrix on vendor position and classification
11.3 Adobe Inc.
Exhibit 64: Adobe Inc. - Overview
Exhibit 65: Adobe Inc. - Business segments
Exhibit 66: Adobe Inc. - Key offerings
Exhibit 67: Adobe Inc. - Segment focus
11.4 Cast Inc.
Exhibit 68: Cast Inc. - Overview
Exhibit 69: Cast Inc. - Product/Service
Exhibit 70: Cast Inc. - Key offerings
11.5 Cisco Systems Inc.
Exhibit 71: Cisco Systems Inc. - Overview
Exhibit 72: Cisco Systems Inc. - Business segments
Exhibit 73: Cisco Systems Inc. - Key news
Exhibit 74: Cisco Systems Inc. - Key offerings
Exhibit 75: Cisco Systems Inc. - Segment focus
11.6 Discovery Education Inc.
Exhibit 76: Discovery Education Inc. - Overview
Exhibit 77: Discovery Education Inc. - Product/Service
Exhibit 78: Discovery Education Inc. - Key offerings
11.7 Houghton Mifflin Harcourt Co.
Exhibit 79: Houghton Mifflin Harcourt Co. - Overview
Exhibit 80: Houghton Mifflin Harcourt Co. - Product/Service
Exhibit 81: Houghton Mifflin Harcourt Co. - Key offerings
11.8 John Wiley and Sons Inc.
Exhibit 82: John Wiley and Sons Inc. - Overview
Exhibit 83: John Wiley and Sons Inc. - Business segments
Exhibit 84: John Wiley and Sons Inc. - Key offerings
Exhibit 85: John Wiley and Sons Inc. - Segment focus
11.9 Kagan Publishing and Professional Development
Exhibit 86: Kagan Publishing and Professional Development - Overview
Exhibit 87: Kagan Publishing and Professional Development - Product/Service
Exhibit 88: Kagan Publishing and Professional Development - Key offerings
11.10 Learners Edge LLC
Exhibit 89: Learners Edge LLC - Overview
Exhibit 90: Learners Edge LLC - Product/Service
Exhibit 91: Learners Edge LLC - Key offerings
11.11 Learning Tree International Inc.
Exhibit 92: Learning Tree International Inc. - Overview
Exhibit 93: Learning Tree International Inc. - Product/Service
Exhibit 94: Learning Tree International Inc. - Key offerings
11.12 McGraw Hill LLC
Exhibit 95: McGraw Hill LLC - Overview
Exhibit 96: McGraw Hill LLC - Business segments
Exhibit 97: McGraw Hill LLC - Key offerings
Exhibit 98: McGraw Hill LLC - Segment focus
11.13 Microsoft Corp.
Exhibit 99: Microsoft Corp. - Overview
Exhibit 100: Microsoft Corp. - Business segments
Exhibit 101: Microsoft Corp. - Key news
Exhibit 102: Microsoft Corp. - Key offerings
Exhibit 103: Microsoft Corp. - Segment focus
11.14 Pearson Plc
Exhibit 104: Pearson Plc - Overview
Exhibit 105: Pearson Plc - Business segments
Exhibit 106: Pearson Plc - Key offerings
Exhibit 107: Pearson Plc - Segment focus
11.15 Project Management Institute Inc.
Exhibit 108: Project Management Institute Inc. - Overview
Exhibit 109: Project Management Institute Inc. - Product/Service
Exhibit 110: Project Management Institute Inc. - Key offerings
11.16 Scholastic Corp.
Exhibit 111: Scholastic Corp. - Overview
Exhibit 112: Scholastic Corp. - Business segments
Exhibit 113: Scholastic Corp. - Key offerings
Exhibit 114: Scholastic Corp. - Segment focus
11.17 University of Cambridge
Exhibit 115: University of Cambridge - Overview
Exhibit 116: University of Cambridge - Business segments
Exhibit 117: University of Cambridge - Key offerings
Exhibit 118: University of Cambridge - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 119: Inclusions checklist
Exhibit 120: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 121: Currency conversion rates for US$
12.4 Research methodology
Exhibit 122: Research methodology
Exhibit 123: Validation techniques employed for market sizing
Exhibit 124: Information sources
12.5 List of abbreviations
Exhibit 125: 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 Vendor Market Positioning
Exhibits 7: Parent market
Exhibits 8: Market Characteristics
Exhibits 9: Offerings of vendors included in the market definition
Exhibits 10: Market segments
Exhibits 11: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibits 12: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibits 13: Chart on US: Year-over-year growth 2022-2027 (%)
Exhibits 14: Data Table on US: Year-over-year growth 2022-2027 (%)
Exhibits 15: Historic Market Size - Data Table on professional development market in US 2017 - 2021 ($ million)
Exhibits 16: Historic Market Size - End User Segment 2017 - 2021 ($ million)
Exhibits 17: Historic Market Size - Type Segment 2017 - 2021 ($ million)
Exhibits 18: Five forces analysis - Comparison between 2022 and 2027
Exhibits 19: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
Exhibits 20: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
Exhibits 21: Threat of new entrants - Impact of key factors in 2022 and 2027
Exhibits 22: Threat of substitutes - Impact of key factors in 2022 and 2027
Exhibits 23: Threat of rivalry - Impact of key factors in 2022 and 2027
Exhibits 24: Chart on Market condition - Five forces 2022 and 2027
Exhibits 25: Chart on End-user - Market share 2022-2027 (%)
Exhibits 26: Data Table on End-user - Market share 2022-2027 (%)
Exhibits 27: Chart on Comparison by End-user
Exhibits 28: Data Table on Comparison by End-user
Exhibits 29: Chart on K-12 - Market size and forecast 2022-2027 ($ million)
Exhibits 30: Data Table on K-12 - Market size and forecast 2022-2027 ($ million)
Exhibits 31: Chart on K-12 - Year-over-year growth 2022-2027 (%)
Exhibits 32: Data Table on K-12 - Year-over-year growth 2022-2027 (%)
Exhibits 33: Chart on Higher education - Market size and forecast 2022-2027 ($ million)
Exhibits 34: Data Table on Higher education - Market size and forecast 2022-2027 ($ million)
Exhibits 35: Chart on Higher education - Year-over-year growth 2022-2027 (%)
Exhibits 36: Data Table on Higher education - Year-over-year growth 2022-2027 (%)
Exhibits 37: Chart on Pre K-12 - Market size and forecast 2022-2027 ($ million)
Exhibits 38: Data Table on Pre K-12 - Market size and forecast 2022-2027 ($ million)
Exhibits 39: Chart on Pre K-12 - Year-over-year growth 2022-2027 (%)
Exhibits 40: Data Table on Pre K-12 - Year-over-year growth 2022-2027 (%)
Exhibits 41: Market opportunity by End-user ($ million)
Exhibits 42: Data Table on Market opportunity by End-user ($ million)
Exhibits 43: Chart on Type - Market share 2022-2027 (%)
Exhibits 44: Data Table on Type - Market share 2022-2027 (%)
Exhibits 45: Chart on Comparison by Type
Exhibits 46: Data Table on Comparison by Type
Exhibits 47: Chart on Online - Market size and forecast 2022-2027 ($ million)
Exhibits 48: Data Table on Online - Market size and forecast 2022-2027 ($ million)
Exhibits 49: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibits 50: Data Table on Online - Year-over-year growth 2022-2027 (%)
Exhibits 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
Exhibits 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
Exhibits 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibits 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)
Exhibits 55: Market opportunity by Type ($ million)
Exhibits 56: Data Table on Market opportunity by Type ($ million)
Exhibits 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 58: Impact of drivers and challenges in 2022 and 2027
Exhibits 59: Overview on Criticality of inputs and Factors of differentiation
Exhibits 60: Overview on factors of disruption
Exhibits 61: Impact of key risks on business
Exhibits 62: Vendors covered
Exhibits 63: Matrix on vendor position and classification
Exhibits 64: Adobe Inc. - Overview
Exhibits 65: Adobe Inc. - Business segments
Exhibits 66: Adobe Inc. - Key offerings
Exhibits 67: Adobe Inc. - Segment focus
Exhibits 68: Cast Inc. - Overview
Exhibits 69: Cast Inc. - Product/Service
Exhibits 70: Cast Inc. - Key offerings
Exhibits 71: Cisco Systems Inc. - Overview
Exhibits 72: Cisco Systems Inc. - Business segments
Exhibits 73: Cisco Systems Inc. - Key news
Exhibits 74: Cisco Systems Inc. - Key offerings
Exhibits 75: Cisco Systems Inc. - Segment focus
Exhibits 76: Discovery Education Inc. - Overview
Exhibits 77: Discovery Education Inc. - Product/Service
Exhibits 78: Discovery Education Inc. - Key offerings
Exhibits 79: Houghton Mifflin Harcourt Co. - Overview
Exhibits 80: Houghton Mifflin Harcourt Co. - Product/Service
Exhibits 81: Houghton Mifflin Harcourt Co. - Key offerings
Exhibits 82: John Wiley and Sons Inc. - Overview
Exhibits 83: John Wiley and Sons Inc. - Business segments
Exhibits 84: John Wiley and Sons Inc. - Key offerings
Exhibits 85: John Wiley and Sons Inc. - Segment focus
Exhibits 86: Kagan Publishing and Professional Development - Overview
Exhibits 87: Kagan Publishing and Professional Development - Product/Service
Exhibits 88: Kagan Publishing and Professional Development - Key offerings
Exhibits 89: Learners Edge LLC - Overview
Exhibits 90: Learners Edge LLC - Product/Service
Exhibits 91: Learners Edge LLC - Key offerings
Exhibits 92: Learning Tree International Inc. - Overview
Exhibits 93: Learning Tree International Inc. - Product/Service
Exhibits 94: Learning Tree International Inc. - Key offerings
Exhibits 95: McGraw Hill LLC - Overview
Exhibits 96: McGraw Hill LLC - Business segments
Exhibits 97: McGraw Hill LLC - Key offerings
Exhibits 98: McGraw Hill LLC - Segment focus
Exhibits 99: Microsoft Corp. - Overview
Exhibits 100: Microsoft Corp. - Business segments
Exhibits 101: Microsoft Corp. - Key news
Exhibits 102: Microsoft Corp. - Key offerings
Exhibits 103: Microsoft Corp. - Segment focus
Exhibits 104: Pearson Plc - Overview
Exhibits 105: Pearson Plc - Business segments
Exhibits 106: Pearson Plc - Key offerings
Exhibits 107: Pearson Plc - Segment focus
Exhibits 108: Project Management Institute Inc. - Overview
Exhibits 109: Project Management Institute Inc. - Product/Service
Exhibits 110: Project Management Institute Inc. - Key offerings
Exhibits 111: Scholastic Corp. - Overview
Exhibits 112: Scholastic Corp. - Business segments
Exhibits 113: Scholastic Corp. - Key offerings
Exhibits 114: Scholastic Corp. - Segment focus
Exhibits 115: University of Cambridge - Overview
Exhibits 116: University of Cambridge - Business segments
Exhibits 117: University of Cambridge - Key offerings
Exhibits 118: University of Cambridge - Segment focus
Exhibits 119: Inclusions checklist
Exhibits 120: Exclusions checklist
Exhibits 121: Currency conversion rates for US$
Exhibits 122: Research methodology
Exhibits 123: Validation techniques employed for market sizing
Exhibits 124: Information sources
Exhibits 125: List of abbreviations

Executive Summary

The publisher recognizes the following companies as the key players in the professional development market in US: Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Corp., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learners Edge LLC, Learning Technologies Group Plc, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Pearson Plc, Project Management Institute Inc., Scholastic Corp., Skillsoft Corp., and University of Cambridge.

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 innovations in technology to 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:

  • Adobe Inc.
  • Cast Inc.
  • Cisco Systems Inc.
  • D2L Corp.
  • Deloitte Touche Tohmatsu Ltd.
  • Discovery Education Inc.
  • Hone Group Inc.
  • Houghton Mifflin Harcourt Co.
  • John Wiley and Sons Inc.
  • Kagan Publishing and Professional Development
  • Learners Edge LLC
  • Learning Technologies Group Plc
  • Learning Tree International Inc.
  • McGraw Hill LLC
  • Microsoft Corp.
  • Pearson Plc
  • Project Management Institute Inc.
  • Scholastic Corp.
  • Skillsoft Corp.
  • University of Cambridge

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