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Professional Development Market Size In US is set to grow by USD 4.81 billion from 2024-2028, Technological innovations that complement professional development courses boost the market, Technavio

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NEW YORK, July 29, 2024 /PRNewswire/ — The professional development market size in US is estimated to grow by USD 4.81 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.36% during the forecast period. Technological innovations that complement professional development courses is driving market growth, with a trend towards increasing adoption of mobile learning. However, increasing popularity of open educational resources poses a challenge. Key market players include Acacia University, Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Inc., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Harvard University, Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Penn Graduate School of Education, Project Management Institute Inc., Purdue University, Scholastic Corp., Skillsoft Corp., and UNIVERSITY OF VIRGINIA.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Professional Development Market Scope In US

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.36%

Market growth 2024-2028

USD 4819.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.31

Regional analysis

US

Performing market contribution

North America at 100%

Key countries

US

Key companies profiled

Acacia University, Adobe Inc., Cast Inc., Cisco Systems Inc., D2L Inc., Deloitte Touche Tohmatsu Ltd., Discovery Education Inc., Harvard University, Hone Group Inc., Houghton Mifflin Harcourt Co., John Wiley and Sons Inc., Kagan Publishing and Professional Development, Learning Tree International Inc., McGraw Hill LLC, Microsoft Corp., Penn Graduate School of Education, Project Management Institute Inc., Purdue University, Scholastic Corp., Skillsoft Corp., and UNIVERSITY OF VIRGINIA

Market Driver

Professional development is a crucial aspect for educators to upskill and reskill, enhancing their competence. With the widespread use of smartphones and the Internet, mobile learning is an essential addition for professional development providers in the US market. Mobile learning enables educators to access learning materials anytime, anywhere, overcoming time constraints. It also fosters collaboration through resource sharing and communication. The trend of using mobiles for certification and licensure exam preparation is growing, offering vendors a competitive edge and expanding consumer base. Mobile learning can be implemented as a blended option or a replacement for traditional learning methods. Additionally, the increasing adoption of teleconferencing and distance learning by teachers for skill enhancement further propels mobile learning in professional development. This trend is anticipated to significantly impact the US professional development market during the forecast period. 

The Professional Development market in the US is a significant segment of the Training Industry and Education Market, focusing on helping students and educators enhance their skills and advance their careers. Major companies like Cast Inc., D2L Corp., Pearson Plc, McGraw Hill LLC, and others dominate this market. Market size varies by region and topics, with mobile learning and certification programs popular choices. The customer landscape includes K-12 educators, professionals seeking career advancement, and businesses investing in employee training. Research indicates continuous growth in this market, driven by the need for innovation in leadership, management, and coaching. Competition is fierce, with companies offering workshops, seminars, online resources, and certifications to meet diverse customer needs. Market sizing reports provide insights into the size and trends of this dynamic market. 

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Market Challenges

The professional development market in the US may experience a challenge due to the increasing availability of free or low-cost open educational resources. These resources, which include full open access (gold OA), delayed open access (gold OA), and open access via self-archiving (green OA), are freely accessible online and can reduce the demand for professional development courses. Additionally, massive open online courses (MOOCs) offer free IT courses, executive education, and employee development, provided by renowned institutions worldwide. While these courses offer flexibility and affordability, they do not always provide certification. Consequently, the availability of free online resources negatively impacts professional development vendors, potentially hindering market growth during the forecast period.The US professional development market, also known as the American training industry, is a significant area of growth in the U.S. Industry landscape. This market encompasses professional education, career training, and industry training. The market’s growth is driven by the increasing demand for professional skills development in various industries and American states. The market offers a wide range of products, including courses and content, to meet the learning needs of professionals. However, challenges persist, such as the adoption of new innovations and information delivery methods, and the impact of economic conditions on industry training budgets. Despite these challenges, the professional training market in North America continues to evolve, offering opportunities for both providers and learners.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This professional development market in US report extensively covers market segmentation by  

End-user 1.1 K-121.2 Higher education1.3 Pre K-12Type 2.1 Online2.2 OfflineGeography 3.1 North America

1.1 K-12-  The K-12 segment of the professional development market in the US is experiencing steady growth due to the evolving educational landscape. Traditional K-12 education has historically focused on individual learning and memorization, but there is a shift towards student engagement, collaboration, and multimedia instruction. To effectively implement these new teaching methods, K-12 teachers require digital skills and knowledge of research-backed techniques. Due to time constraints, many teachers opt for online professional development courses for flexibility and customization. However, the complexity of new course content, teaching methods, and education laws can be challenging for educators, leading to high dropout rates. In 2022, the National Education Association reported a 55% dropout rate for educators. To mitigate this issue, districts are reimbursing teachers for professional development expenses. In STEM education, teachers seek deeper subject knowledge and awareness of new trends and technologies through professional development. Discovery Education Inc. Is an example of a platform providing interactive content, games, and career tools for K-12 educators. Additionally, ELL professional development courses help immigrant students learn English. The emergence of innovative K-12 online tutoring options is expected to fuel market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Healthcare Education Solutions Market is projected to grow significantly, driven by advancements in medical technology and the increasing demand for skilled healthcare professionals. Meanwhile, the global Corporate Leadership Training Market is experiencing robust growth due to the rising need for effective leadership in a rapidly changing business environment. Both markets are expected to see continued investment and innovation, with key players focusing on integrating advanced technologies and personalized learning approaches to enhance training efficacy and outcomes.

Research Analysis

The professional development market in the US is a dynamic landscape driven by the need for continuous learning and skills acquisition in today’s rapidly evolving business environment. This segment encompasses a wide range of products and services designed to facilitate information dissemination, growth, and adoption of new ideas and technologies. From online courses and e-learning platforms to research reports and conferences, the market offers a wealth of content tailored to meet the diverse learning needs of students, educators, and businesses. Innovations such as artificial intelligence, virtual reality, and gamification are transforming the way we learn and train, making professional development more accessible, engaging, and effective than ever before. The internet has played a pivotal role in expanding the reach and impact of professional development, making it an indispensable tool for individuals and organizations seeking to stay competitive in their respective industries.

Market Research Overview

The Professional Development market in the US is a dynamic and growing landscape, driven by the need for continuous learning and skills advancement in various industries and educational sectors. This market encompasses a wide range of products and services, including courses, workshops, seminars, certifications, coaching, and online resources. The market is segmented by regions, topics, and end-users, with significant growth observed in areas like mobile learning, leadership, management, innovation, and K-12 education. The US Professional Development market is a large and diverse industry, with a customer landscape that includes educators, students, and professionals seeking career advancement and networking opportunities. Market sizing and research indicate continued growth in this segment, with key topics and innovations shaping the market’s direction. The competition is fierce, with companies offering a variety of solutions to meet the diverse needs of their customers. The US Professional Development market is an essential component of the Training Industry, Education Market, and Career Development sectors, with a significant impact on the American workforce and economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userK-12Higher EducationPre K-12TypeOnlineOfflineGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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IMTEX, Tooltech & Digital Manufacturing 2025: An exhibition of India’s manufacturing prowess

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Indian Machine Tool Manufacturers’ Association (IMTMA) to Organise the 22nd Edition of IMTEX

Over 1,100 Exhibitors from 23 Countries Set to Showcase Cutting-Edge Manufacturing Technologies Across 90,000 Square Metres

BENGALURU, India, Dec. 26, 2024 /PRNewswire/ — India’s manufacturing ecosystem is undergoing rapid changes with the onset of new and emerging technologies to meet domestic and global needs. A technology enthusiast’s quench gets satisfied when he sees and experiences an innovative and revolutionary technology. IMTEX is where every technology enthusiast will have something to see, experience, and carry. 

Being a part of IMTEX is an amazing experience, as the exhibition creates a welcoming atmosphere for its visitors, showcasing the machine tool industry in a grand light. Every business visitor who attends IMTEX considers it a privilege to do business, and importantly, it is one of those top-notch exhibitions that showcases a new and confident India.

Organized by Indian Machine Tool Manufacturers’ Association (IMTMA), IMTEX, Tooltech & Digital Manufacturing 2025 will be held at Bangalore International Exhibition Centre (BIEC) in Bengaluru, Karnataka, from 23 to 29 January 2025.

IMTEX 2025 is very special as it is set to surpass all its previous editions, occupying 90,000 square meters of space in eight halls. Over 1,100 exhibitors from 23 countries showcasing new products and technologies in the form of live machines are expected to participate. Countries like Germany, Italy, Japan, Korea, Spain, Taiwan, and the United States of America have separate pavilions. IMTMA anticipates participation from around 2,000 trade delegations representing various user industries.

Tooltech, focusing on tools and dies, and Digital Manufacturing, showcasing Industry 4.0 and additive manufacturing advancements, will be held as concurrent shows. International Seminar on Machining Technologies, to be held on 24 and 25 January, will throw light on the emerging technologies in metal cutting technologies. International experts from various countries will deliberate upon the innovations and global best practices. 

The exhibition will have interesting parallel events, such as i2 Academia Square comprising Academia Pavilion with institutions presenting innovative projects undertaken by students, helping bridge the gap between academic and industrial circles. Manufacturing Technology Quiz Contest along with TechTalk will be added attractions.  

IMTMA will be holding the ‘Engagement with Overseas Buyers’ on 25 and 26 January, as part of the buyer-seller meet promoting exports of the Indian machine tool industry. Further, the Jagruti-IMTMA Youth Programme, an initiative to raise awareness about the latest advancements in the manufacturing industry, would help students stay updated with technological developments.

Two new seminars will be organized in IMTEX 2025 for the first time.

IMTMA, along with ACMA (Automotive Component Manufacturers Association of India), will be holding an Auto Components Industry Transformation Summit on 26 January. The seminar is expected to further buttress machine tool and auto component industry relations.

JMTBA Seminar on Export Controls for Japanese Machine Tools will be held at IMTMA Technology Centre in Bengaluru on 27 January 2025. The seminar will help strengthen business relations between India and Japan.

Engineering at its best

The kind of innovation that exists in industry at every level, small, medium, or large, finds its place in IMTEX. The exhibition has consistently showcased advancements in technologies, from traditional machines to cutting-edge CNC and digital manufacturing solutions, giving a first-hand view of the capabilities and potentials of technologies that are on display.

This results in facilitating technology transfer and collaborations and encourages foreign investments, driving innovation and development in the Indian and Asian machine tool and manufacturing industries.

In this edition, exhibitors are expected to display cutting-edge technologies that are vital in addressing the need for quality and precision manufacturing in every industry sector, according to Mr. Jibak Dasgupta, Director General & CEO, IMTMA. There is renewed enthusiasm among exhibitors and visitors to forge relations, enhance opportunities, and advance manufacturing to new levels, he adds.

For more information about IMTMA, please visit: https://www.imtma.in/

About IMTEX, Tooltech & Digital Manufacturing 2025

IMTEX, Tooltech & Digital Manufacturing 2025, organized by the Indian Machine Tool Manufacturers’ Association (IMTMA), is one of India’s premier exhibitions showcasing the country’s manufacturing prowess. Scheduled from 23–29 January 2025 at the Bangalore International Exhibition Centre (BIEC), Bengaluru, the event will feature over 1,100 exhibitors from 23 countries, across 90,000 square meters in eight halls. The exhibition will highlight cutting-edge technologies in machine tools, automation, and digital manufacturing, alongside concurrent events such as the Tooltech and Digital Manufacturing shows, international seminars, and buyer-seller meet programs. IMTEX serves as a global platform for technology exchange, fostering business collaborations, innovation, and export opportunities within the machine tool and manufacturing sectors.

For more information about IMTEX, please visit: https://www.imtex.in/

 

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World’s Largest Modular Student Residence Opens in Hong Kong CIMC Sets Benchmark for Construction Efficiency and Sustainability

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News Lead: The opening of the world’s largest modular student residence has attracted widespread attention from public. The project was completed two years ahead of schedule, showcasing groundbreaking efficiency and advanced construction technology in educational infrastructure.

SHENZHEN, China, Dec. 26, 2024 /PRNewswire/ — A Benchmark in Global Educational Infrastructure

Recently, the City University of Hong Kong (CityU) held an opening and naming ceremony for the Lee Shau Kee Student Residence Village (hereinafter referred to as “the Residence Village”).

Recognized as the world’s largest modular student residence (calculated by the number of bed spaces), the Residential Village was built in partnership with main contractor Gammon Construction Limited and module supplier CIMC Modular Building Systems (CIMC MBS), a subsidiary of CIMC Group.

The Residential Village was opened in the third quarter of 2024 after commencing the construction work in 2022. Utilizing CIMC volumetric modular construction technology, completion was achieved two years ahead of the original schedule, setting a new benchmark for efficient construction speed and advanced technology in the field of global educational infrastructure.

The Residence Village covers a total construction area of approximately 48,000 square meters, consisting of six buildings ranging from 13 to 18 stories. The overall building complex involves over 1,300 modules and provides more than 2,000 bed-spaces for CityU’s undergraduate and graduate students.

In addition to hostel rooms, there are communal rooms, corridors, rest rooms and plant rooms constructed using the CIMC modular construction technology.

During the construction process, innovative MiMEP (Multi-trade Integrated Mechanical, Electrical and Plumbing) technology was adopted. The pre-assembled MEP cassettes were integrated and installed in the CIMC factory within the modules before being transported to the site for installation. This approach reduced overall installation time by 50%.

Up to 90% of the aluminum cladding system was also prefabricated and installed in the factory, including the projecting horizontal and vertical fins. The aluminum feature fins were designed to conceal all the external pipe works providing an attractive appearance whilst also providing access for future maintenance.

In addition, CIMC Modular utilizes its self-developed digital systems, such as project management cockpit and quality digital monitoring systems, to provide a “smart brain” for project construction. Through these systems, multiple production processes are monitored, achieving full digital management and process traceability for module production, transportation, and installation, thereby providing strong support for quality project delivery.

Modular Construction Technology Is Addressing Hong Kong’s Urban Development Challenges

For a long time, Hong Kong has faced multiple challenges, including restricted land resources, diversified construction demands, and an urgent desire for efficient and environmentally friendly building methods. Traditional construction methods have gradually revealed issues such as long construction periods, significant noise pollution, and excessive construction waste, making it difficult to meet Hong Kong’s rapidly evolving needs. The emergence of volumetric modular construction technology has brought new hope to address these challenges.

Off-site volumetric modular construction technology adopts the concept of ” factory assembly followed by on-site installation,” transfers 90% of on-site construction processes to a controlled factory environment. In this method, free-standing integrated modules (completed with finishes, fixtures, and fittings) are manufactured and assembled in a factory, buildings can be substantially completed off-site.

This significantly reduces construction time and minimizes the impact of weather conditions and site constraints, while also providing a great degree of production quality control, and can improve construction productivity, cost-effectiveness, safety, and sustainability.

In the construction of the Residence Village, this on-site installation method resulted in a 75% reduction in construction noise and a 68% decrease in construction waste. By using low-carbon concrete and rebar as building materials and replacing diesel generators on-site with grid-powered facilities, the project also significantly reduced the carbon footprint generated during its construction period. These figures clearly reflect the substantial environmental benefits of this technology, effectively minimizing its impact on the surrounding environment and residents’ lives and providing a successful example of green construction for global building projects.

It is worth noting that the successful implementation of the Residence Village project is an important milestone in promoting the development of volumetric modular construction technology in Hong Kong, offering valuable experiences for construction projects in Hong Kong and the worldwide, guiding the industry toward a more efficient, environmentally friendly, and intelligent future.

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SOURCE CIMC

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India’s Thriving Tech Hub Fuels Kimberly-Clark’s Digital Transformation

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Kimberly-Clark Expanding Investments in India

BENGALURU, India, Dec. 26, 2024 /PRNewswire/ — Kimberly-Clark, a global leader in essential personal and family care products, continues to increase its commitment to India through its Global Digital Technology Center (GDTC) in Bengaluru.

Established in 2018 with an initial investment of $2.5 million, the Bengaluru GDTC has seen remarkable growth, expanding its size by eight times in just five years. The center focuses on key areas and digital capabilities such as Data and Analytics, Artificial Intelligence (AI) including Generative AI, Machine Learning (ML), Cloud Transformation, Global Digital Operations & Automation, Digital Sales and Marketing, and Digital Supply Chain – all of which help drive efficiencies and improve customer experiences. Over the next three years, the GDTC plans to continue its expansion, focusing on advancing AI/ML capabilities and developing innovative digital solutions to boost operational efficiency and customer engagement. These capabilities further enhance Kimberly-Clark’s ability to deliver on its global Powering Care strategy – shared earlier this year – and, in turn, strengthen its longstanding commitment to consumer-centricity.

While the Bengaluru GDTC is driving Kimberly-Clark’s technological advancements, it’s also contributing to India’s broader tech and innovation ecosystem. By collaborating with local startups, academic institutions, and industry partners, the center aims to foster cutting-edge solutions.

“Our Bengaluru GDTC is a testament to Kimberly-Clark’s deep-rooted commitment to innovation and the immense breadth of Indian talent,” said Zack Hicks, Chief Digital and Technology Officer, Kimberly-Clark. “In just five years, the center has evolved into a key growth engine for our digital strategies, delivering AI-powered commercial and supply chain solutions, and pioneering advancements in modern manufacturing. Looking ahead, we remain focused on further investing in India, leveraging the country’s outstanding talent and technological expertise to shape the future of Kimberly-Clark and pioneer industry-leading innovation in our core categories.”

The integration of data and advanced analytics is at the core of the Bengaluru GDTC’s success. By leveraging AI/ML algorithms built on their enterprise data lake, the team is also optimizing sales predictions, refining pricing strategies for e-commerce, and automating routine tasks such as order entry and invoice processing. In 2024, efforts in Gen AI platforms originating from the GDTC improved the employee productivity by up to 25%, and the development of AI-powered sales and revenue analytics drove a 10% improvement in sales execution across regions like Europe, the Middle East, and Africa. These innovations not only streamline operations and reduce costs but also boost accuracy and efficiency.

One of the center’s major achievements is the development of Maestro, an AI-powered supply chain orchestration platform that has delivered more than $20 million in global savings for Kimberly-Clark. Another transformative innovation is the Warehouse Automation Platform, which seamlessly integrates warehouse robotics with supply chain systems, reducing new solution deployment timelines from 18 months to 4 months, and generating savings exceeding $50 million. The GDTC’s collaborative efforts have also resulted in the creation of Procuree 3.0, an inhouse Source-to-Pay chatbot powered by Generative AI that enhances Kimberly-Clark’s procurement processes across 42 countries and 14 languages.

Recently, the GDTC held its third Digital Hackathon under the theme ‘UNLOKC 2024,’ bringing together Kimberly-Clark employees and technology partners to develop digital solutions that contribute to business opportunities in areas such as supply chain, marketing, and finance. Over 130 innovative ideas were submitted within four weeks, and the 7 project finalists were awarded by the Digital Technology global leadership team during the Hackathon’s final event in Bangalore. These finalists will receive support to develop their projects in the near future.

As Kimberly-Clark’s largest technology hub, the Bengaluru GDTC is positioned to remain a critical driver of growth and innovation on a global scale. With plans to continue attracting top-tier talent and expanding its technological capabilities, the center is set to play a pivotal role in shaping the future of the company and its global tech ecosystem.

About Kimberly-Clark:

Kimberly-Clark (NYSE: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people’s most essential needs, we create products that help individuals experience more of what’s important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World’s Most Ethical Companies(R) by Ethisphere for the sixth year in a row and one of Fortune’s Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company’s 150-year history of innovation, visit the Kimberly-Clark website.

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