PUBLISHER: The Business Research Company | PRODUCT CODE: 1694746
PUBLISHER: The Business Research Company | PRODUCT CODE: 1694746
Personal development encompasses the ongoing process of self-improvement, typically involving the acquisition of new skills, knowledge, and the enhancement of one's abilities and qualities across various life domains, including emotional, social, and professional growth. This journey fosters self-awareness, builds self-confidence, and cultivates a sense of purpose and fulfillment.
The primary instruments utilized in personal development include e-platforms, workshops and seminars, books, personal training, and coaching. E-platforms are digital spaces or online infrastructures that facilitate the exchange of information, services, goods, or interactions among users. They cover a wide range of topics including mental health, motivation, physical health, self-awareness, and skillset enhancement. Skillset enhancement areas include communication, teamwork, decision-making, analytical and problem-solving skills, as well as empowerment-type skills.
The personal development market research report is one of a series of new reports from The Business Research Company that provides personal development market statistics, including personal development industry global market size, regional shares, competitors with a personal development market share, detailed personal development market segments, market trends and opportunities, and any further data you may need to thrive in the personal development industry. This personal development market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The personal development market size has grown strongly in recent years. It will grow from $51.06 billion in 2024 to $54.09 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to self-help literature boom, growing awareness of mental health issues, globalization and changing workplace needs, rise of the information age and technology.
The personal development market size is expected to see strong growth in the next few years. It will grow to $68.42 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to integration of mental health and well-being, remote and virtual platforms, virtual reality (VR) and augmented reality (AR) integration. Major trends in the forecast period include remote and digital learning, focus on mental health and well-being, hybrid learning models, integration of technology, employer-sponsored development programs.
The increasing levels of stress and mental health issues are fueling the growth of the personal development market. Stress and mental health concerns refer to the emotional, psychological, and physiological challenges that individuals encounter when facing pressures, difficulties, or disruptions in their lives. Personal development can help address these issues by equipping individuals with the skills and tools necessary to take an active role in their well-being and providing practical techniques for managing stress and promoting mental health, ultimately leading to improved mental health outcomes. For instance, in November 2022, a survey released by the National Health Service, a UK-based government-funded healthcare system, found that approximately 18.0% of children aged 7 to 16 and 22.0% of young individuals aged 17 to 24 were identified with a potential mental disorder in 2022. The prevalence of probable mental disorders among young people aged 17 to 19 increased from 17.4% in 2021 to 25.7% in 2022. The surveyed population included 2,866 children and young individuals. Thus, the rise in stress and mental health concerns is expected to drive growth in the personal development market.
Major companies in the personal development market are prioritizing the development of innovative technological solutions, such as skill benchmark assessment software, to bridge the skills gap and offer tailored development paths. Skill benchmark assessment software employs a criterion-based approach to evaluating skill proficiency, aiding organizations in assessing learners across essential leadership, business, and technical skills. For example, in March 2022, Skillsoft Corporation, a US-based software-as-a-service company, introduced a new Skill Benchmark Assessment feature as part of its Percipio immersive learning platform. This feature enables organizations to objectively measure learners' proficiency across a range of in-demand skills, including technology, digital literacy, innovation, agile methodologies, performance management, digital marketing, virtual leadership, and problem-solving, thereby facilitating targeted skill development initiatives.
In September 2023, UpGrad, an education company based in India, finalized the acquisition of Centum Learning for an undisclosed sum. This strategic move aims to harness the complementary skills of both entities to develop a scalable portfolio, effectively address the critical need for upskilling the enterprise workforce, bolster UpGrad's presence in the enterprise upskilling market, and ultimately drive positive outcomes for learners. Centum Learning, headquartered in India, specializes in providing comprehensive training programs and skill development solutions.
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
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.
The countries covered in the personal development market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The personal development market consists of revenues earned by entities by providing services such as mental health, motivation and inspiration, physical health, self-awareness, and skillset enhancement. The market value includes the value of related goods sold by the service provider or included within the service offering. The personal development market also includes sales of fitness tracker, smartwatches, virtual reality headsets, and biofeedback devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Personal Development Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on personal development market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for personal development ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The personal development market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.