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Key Influencer in the Personal Development Market 2025: Surging Demand for Skill Enhancement Propels Growth in the Personal Development Market Driver
Personal Development Market Overview
The escalating rates of stress and mental health issues are propelling the expansion of the personal development market. This refers to the emotional, psychological, and physiological struggles that individuals grapple with when faced with life's pressures, challenges, or disruptions. Personal development serves as a tool to tackle these stressors and mental health issues, giving people the necessary skills and techniques to play a proactive role in their well-being. It provides valuable tips and methods for managing stress and promoting mental health for improved mental health outcomes. As an example, a survey by the National Health Service, a government-funded healthcare system in the UK, revealed in November 2022 that around 18.0% of children aged 7 to 16, and 22.0% of young individuals aged 17 to 24 were diagnosed with a likely mental disorder in that same year. For youth aged 17 to 19, the likelihood of a probable mental disorder went up from 17.4% in 2021 to 25.7% in 2022. The population surveyed included 2,866 children and young individuals. Consequently, the increasing levels of stress and mental health issues are anticipated to drive the expansion of the personal development market.
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How will the growth rate of the personal development market shape industry trends by 2034?
In recent times, there has been a robust expansion in the personal development market size. This market is predicted to escalate from $51.06 billion in 2024 to $54.09 billion in 2025, experiencing a compound annual growth rate (CAGR) of 5.9%. Factors contributing to growth during the historical period include the surge in self-help literature, increasing consciousness about mental health issues, the effects of globalization and evolving workplace necessities, as well as the emergence of the information age and technology.
The market size for personal development is anticipated to experience robust expansion in the coming years. By 2029, it is projected to reach $68.42 billion, with a Compound Annual Growth Rate (CAGR) of 6.1%. The anticipated growth within this forecast period is tied to the incorporation of mental health and well-being, virtual and remote platforms, as well as the integration of Virtual Reality (VR) and Augmented Reality (AR). The forecast period will likely witness major trends like digital and remote learning, emphasis on mental health and wellness, hybrid learning models, technology integration and development programs sponsored by employers.
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What trends are poised to drive the future success of the personal development market?
Firms dominating the personal improvement sector are prioritizing the creation of cutting-edge tech solutions like skill evaluation software to tackle skill shortages and devise tailored development strategies. Software for skill benchmark evaluation caters to organizations looking to gauge their learners' competency in a variety of sought-after technical, business, and leadership skills through an innovative, standard criteria-based strategy. Skillsoft Corporation, an American SaaS organization, unveiled a new Skill Benchmark Assessment tool as part of its Percipio immersive learning platform in March 2022. It employs a novel strategy to assess skill competency per established benchmarks and aids companies in ascertaining their learners' proficiency in key leadership, technical, and business skills. This feature incorporates assessments spanning diverse areas like digital literacy, technology and security, innovation and creativity, performance management, agile methodologies, digital marketing, virtual leadership, and problem-solving.
Which primary segments of the personal development market are driving growth and industry transformations?
The personal development market covered in this report is segmented -
1) By Instruments: E-Platform, Workshops And Seminars, Books, Personal Training And Coaching
2) By Focus Area: Mental Health, Motivation And Inspiration, Physical Health, Self-Awareness, Skillset Enhancement
3) By Skillset Enhancement Sub Type: Communication, Teamwork, Decision Making, Analytical And Problem Solving, Empowerment
Subsegments:
1) By E-Platform: Online Courses, Mobile Apps, Webinars
2) By Workshops And Seminars: Group Workshops, Corporate Training, Public Seminars
3) By Books: Self-Help Books, Motivational Books, Educational Books
4) By Personal Training And Coaching: Life Coaching, Executive Coaching, Career Coaching
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Which geographical regions are pioneering growth in the personal development market?
North America was the largest region in the personal development market in 2024. The regions covered in the personal development market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the personal development market landscape?
Major companies operating in the personal development market report are Allison Transmission Holdings, Slalom Consulting, WW International Inc, Toastmasters International, Dale Carnegie And Associates Inc., Udemy Inc., Skillsoft Corporation, Coursera Inc., Mindvalley, Headspace, Franklin Covey Co., Skillshare, Hay House Inc., Nutrisystem Inc., Landmark Worldwide Enterprises Inc., GoodHabitz, Gaia Inc., OpenSesame Inc., The Chopra Center, SkillPath, Lifehack, Tony Robbins Holdings, FutureLearn Limited, Cloverleaf, edX LLC
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What Is Covered In The Personal Development Global Market Report?
•Market Size Forecast: Examine the personal development market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the personal development market for a structured understanding.
•Key Players Overview: Analyze major players in the personal development market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the personal development market.
•Segment Contributions: Evaluate how different segments drive overall growth in the personal development market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the personal development market.
•Industry Challenges: Identify potential risks and obstacles affecting the personal development market.
•Competitive Landscape: Review strategic developments in the personal development market, including expansions, agreements, and new product launches.
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