Professional Learning Growing and Evolving in Education and Corporate Workplace
Key drivers include technology, emerging jobs and need for worker reskilling, and more effective training delivery methods and modes
Rockville, MD – July 27, 2023
According to a just-published report by Simba Information, the market for professional development (P&D)—sometimes also called learning and development (L&D) is expected to grow for teachers, administrators and other educational stakeholders as well as in the general corporate workplace. In the report, Professional Learning Market, 2023 released on July 24, 2023, Simba found that total spending on US PreK-12 professional development in the 2022-2023 school year was $5.99 billion, up 2.9% from $5.76 billion in the previous year while the global market for corporate learning and development is forecast to grow from $345.56 billion in 2021 to $493.32 billion in 2028 with a CAGR of 8.9%.
Professional Learning Market, 2023 provides information and analysis on the market, competitive landscape, forces, customer demands, technological changes, and constraints for providers of professional learning and development for both the K-12 and higher education sectors, as well as special sections focused just on learning and development the corporate workplace sector.
For those focused on the education sector, the report reveals that, for a variety of reasons, a growing strategy among districts and schools is to develop their own professional development programs in-house rather than purchasing from suppliers; one of the reasons is that customers are moving away from the more traditional top-down “one and done” professional development format and more towards continuous, job embedded professional learning.
Simba has also found that a key reason for the increase in the demand among teachers and administrators for more learning and development is the increasing need to not only develop content and organizational skills, but, increasingly, needing to develop more social and interpersonal skills along with good communication, empathy, adaptability, cultural intelligence, and creativity.
There is also a great deal of activity in this market as new methods and modes of delivery content are being shown to be more effective and popular. Among these are providing a greater emphasis on active learning, which allows instructors to practice their skills, while also providing them with a hands-on experiential feel for the kind of active learning that they are likely also providing to their students. Professional development providers are retooling or upgrading their offerings to meet those needs.
Also covered of specific interest to those in or following the educational learning and development sector are the various types of PD; modes of delivery; the elements of effective professional development; the impact of teacher shortages and burnout; curriculum-based professional learning; special focus content areas like special education, literacy, SEL, STEM; blended learning; microlearning; and other technology trends; the impact of AI; professional development for non-instructional staff; the market opportunity for reaching teachers, administrators, and principals; key decision makers and influencers; funding sources, and the forecast and outlook for Prek-12. Company profiles are also provided for the following leaders in this sector: Carnegie Learning; Catapult Learning; Discovery Education; Edthena, EdWeb.net; Houghton Mifflin Harcourt; PBL Works; Scholastic Education; Sibme, Solution Tree and Wiley.
About Simba Information Simba Information is widely recognized as the authority for market intelligence in the education, media and publishing industries. Its extensive information network delivers top quality, independent perspectives on the people, events, and alliances shaping these industries. Simba routinely assists clients and the press with publishing and media industry analysis. Follow us on Twitter and LinkedIn.
About The Freedonia Group The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
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