A thorough analysis on executive education program market by FMI provides insights into the drivers and opportunities augmenting the growth trajectory of the market through 2031. It also examines the factors enabling growth across various segments on the basis of program type, leadership level, type of learner, mode of learning, duration, type of course, industry type, and region.
Future Market Insights (FMI), Dubai: As per a detailed study by FMI, the global executive education program market is expected to surpass US$ 37.8 billion in 2021. Surging demand for professional courses and in-personal programs to up skill professionals is favoring the sales. On account of this, the market is expected to total US$ 109.6 billion by 2031, expanding at an impressive CAGR of 11.2% over the forecast period 2021-2031.
Rapid expansion of the corporate sector has resulted in intense competition among employees. This has bolstered the demand for executive education programs for acquiring new skillsets to tackle the dynamic challenges and keep up with dynamic changes in their respective fields. Driven by this, the sales of the executive education program are anticipated to register a year-on-year growth of 10% in 2021.
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The corporate sector and schools are increasingly focusing on offering flexible and online executive learning programs to capitalize on the rapidly changing working environment. For instance, The Wharton School offers over 45 live online courses, programs, and asynchronous certifications for immediate business impact. A multiplicity of such developments are anticipated to propel the demand for executive education programs at 4% between 2020 and 2021.
As per FMI, online learning is projected to emerge as the most preferred mode of learning, exhibiting sales growth at a staggering CAGR of 13.7% through 2031. Increasing adoption of online courses by employees and managers owing to its convenience is an attribute favoring the segment growth.
“Leading players are emphasizing on adopting hyper-personalized nudges and artificial intelligence (AI)-powered coach bots to offer customized programs as per the relevant skills and knowledge requirement. This will facilitate the market growth in the coming years,” says the FMI analyst.
Key Takeaways from Executive Education Program Market Study
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As per FMI, The Harvard Business School, Columbia University, MIT Sloan School of Management, Stanford Graduate School of Business, are leading companies in the executive education program market and are expected to cumulatively account for nearly 51.0 % of the global value share.
Key players are aiming at adopting strategies such as new product launch, strategic collaborations, agreements, and partnerships with other companies to expand their product portfolio for addressing the demand of an expanding pool of consumers. For instance,
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Some of the key players operating in the market profiled by FMI are:
More Valuable Insights on Executive Education Program Market
FMI, in its new report, offers an unbiased analysis of the global executive education program market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in executive education program market with detailed segmentation:
By Program Type:
By Leadership Level:
By Type of Learner:
By Mode of Learning:
By Type of Courses:
By Industry Type:
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Key Questions Covered in the Report
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