Connect with us

Technology

Corporate Leadership Training Market to grow by USD 26.85 billion from 2024 to 2028, with longer programs boosting vendors, AI-powered report- Technavio

Published

on

NEW YORK, Aug. 28, 2024 /PRNewswire/ — The global corporate leadership training market  size is estimated to grow by USD 26.85 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.13%  during the forecast period. Long duration of leadership training programs is beneficial for vendors is driving market growth, with a trend towards emergence of gamification in corporate training. However, lack of standardization and efficient metrics to measure effectiveness of training programs  poses a challenge. Key market players include Allen Communication Learning Services, Articulate Global Inc., BTS Group AB, City and Guilds Group, Computer Generated Solutions Inc., D2L Inc, Development Dimensions International Inc., Franklin Covey Co., Future London Accademy Ltd., GBS Corporate Training, Global Training Solutions Inc., Heinrich Bauer Verlag KG, Interaction Associates Inc., Korn Ferry, Learning Technologies Group Plc, MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd., Skillsoft Corp., and Wilson Learning Worldwide Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Large enterprises and SMEs), Application (Online training, ILT, and Blended training), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Allen Communication Learning Services, Articulate Global Inc., BTS Group AB, City and Guilds Group, Computer Generated Solutions Inc., D2L Inc, Development Dimensions International Inc., Franklin Covey Co., Future London Accademy Ltd., GBS Corporate Training, Global Training Solutions Inc., Heinrich Bauer Verlag KG, Interaction Associates Inc., Korn Ferry, Learning Technologies Group Plc, MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd., Skillsoft Corp., and Wilson Learning Worldwide Inc.

Key Market Trends Fueling Growth

Corporate leadership training is a significant investment for organizations, but getting employees to participate can be a challenge. Companies seek a return on investment before implementing training programs, as they involve employees spending time away from work. Gamification, an emerging trend in the corporate leadership training market, addresses these challenges. By introducing friendly competition and a sense of achievement, gamification increases participation and engagement levels. Deloitte Leadership Academy, for instance, uses gamification to motivate employees to complete online leadership courses. Participants earn points and badges based on completed courses, fostering a sense of competition and encouraging others to join. This innovative approach is expected to boost the growth of the global corporate leadership training market, as more companies adopt gamified training programs. 

The Corporate Leadership Training Market is experiencing significant trends due to rapid technological advancements. Virtual delivery is becoming increasingly popular, allowing leaders to adapt and be agile in today’s dynamic business environment. Training magazines highlight the importance of leadership development, focusing on new-gen technologies like AI, AR, and VR for collaborative leadership. Mobile learning, gamification techniques, and predictive analytics are also key trends. Leadership succession, emotional intelligence, communication skills, and interpersonal skills remain essential for competitive advantage. Online training, instructor-led, and blended programs inspire and motivate teams and organizations, boosting confidence and self-esteem. Change is constant, and leaders need direction and guidance. Embrace technologies like digital simulations, social networking tools, and virtual reality technologies to stay ahead. 

Discover a Comprehensive 360° Market Analysis: Understand the Impact of AI. For detailed information- Request Sample!

Market Challenges

Corporate leadership training is an essential investment for organizations to develop their workforce. However, measuring the effectiveness of these programs remains a challenge. Feedback from trainees is subjective and inconsistent, making it difficult for trainers to make necessary adjustments. The absence of standardization in teaching styles and expertise, coupled with language and translation issues for geographically diverse organizations, further complicates matters. These factors may hinder the growth of the global corporate leadership training market, as organizations struggle to ensure consistent learning outcomes and identify top performers for promotion.Corporate leadership training is a vital investment for teams and organizations seeking to develop confident, self-esteemed leaders with essential skills and abilities. However, the market faces several challenges. Predictive analytics is essential for identifying leadership succession needs, but its implementation requires significant resources. Competitive advantage relies on effective leadership qualities, including emotional intelligence, communication, and interpersonal skills. Market expansion brings new opportunities, but also challenges like online training and instructor-led training, blended training, and Leadership Development Programs. Technologies like virtual reality, social networking tools, and digital simulations offer accessibility and flexibility, but raise security concerns, including cyber threats and data theft of personal information. Industries like Pharmaceutical and Healthcare, Information Technology & Telecom, SMEs, and BTS are investing in training and development to inspire and motivate their teams, providing direction and guidance in an ever-changing business landscape. Quantitative analysis and coaching are crucial components of successful leadership training programs.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This corporate leadership training market report extensively covers market segmentation by

End-user 1.1 Large enterprises1.2 SMEsApplication 2.1 Online training2.2 ILT2.3 Blended trainingGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Large enterprises-  Corporate leadership training is an essential investment for businesses seeking to develop their managers and executives. This training equips them with necessary skills and knowledge to lead teams effectively. It covers topics like communication, decision-making, problem-solving, and time management. By providing this training, companies can improve productivity, employee engagement, and overall business performance. It’s a strategic move to build a strong leadership pipeline and ensure long-term success.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Corporate Leadership Training market is experiencing significant growth due to the increasing need for leaders to adapt to rapid technological advancements. Virtual delivery of training programs has become increasingly popular, allowing for flexibility and accessibility. New-Gen Technologies, such as AI, AR, and VR, are being integrated into leadership development programs to enhance learning experiences. Collaborative leadership is also a focus, with an emphasis on inspiring and motivating teams and organizations through change. Training and development programs are essential for building the skills and abilities of leaders, boosting confidence and self-esteem. Online and remote learning have become essential tools, offering direction and guidance from anywhere. Agility and adaptability are key, as organizations navigate the complexities of the modern business landscape. The use of technologies like AI, AR, and VR in leadership training is set to revolutionize the way we learn and grow. Training Magazine consistently ranks as a leading resource for those in the training and development industry.

Market Research Overview

The Corporate Leadership Training market is experiencing significant growth due to the need for leaders to adapt to rapid technological advancements and lead teams in agile organizations. Virtual delivery of training through new-gen technologies like AI, AR, and VR is becoming increasingly popular. Leadership development programs are focusing on emotional intelligence, communication skills, and interpersonal abilities to inspire and motivate teams in dynamic work environments. Market expansion is driven by the competitive advantage gained from investing in leadership qualities. Predictive analytics helps identify leadership succession needs and personalized training plans. Online and instructor-led training, blended with mobile learning, gamification techniques, and collaborative leadership, offer flexibility and accessibility. Pharmaceutical and Healthcare, Information Technology & Telecom, and SMEs are major sectors investing in leadership development. However, security issues, such as cyber threats and data theft, pose challenges to online and remote learning. Instructor-led training continues to play a crucial role, while BTS and quantitative analysis provide valuable insights for organizational change.

Table of Contents:

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

End-userLarge EnterprisesSMEsApplicationOnline TrainingILTBlended TrainingGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

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/

View original content to download multimedia:https://www.prnewswire.com/news-releases/corporate-leadership-training-market-to-grow-by-usd-26-85-billion-from-2024-to-2028–with-longer-programs-boosting-vendors-ai-powered-report–technavio-302232710.html

SOURCE Technavio

Continue Reading

Technology

China’s Long March: The Journey Goes On

Published

on

By

MACAO, Oct. 21, 2026 /PRNewswire/ — This is a report from Xinhua News Agency:

There is a chapter of history every Chinese child learns in school.

There is a poem that generations of Chinese people have learned by heart.

There is a song millions can sing from its very first notes.

In stories, in verses, in melodies, they all point to the same chapter of history: the Long March.

View original content to download multimedia:https://www.prnewswire.com/news-releases/chinas-long-march-the-journey-goes-on-302915306.html

SOURCE Xinhua News Agency

Continue Reading

Technology

Target Makes it Easier for Guests to Discover Stylish Holiday Gifts They Can’t Wait to Give

Published

on

By

Target is offering more than 8,000 new gifts, with more than half exclusive to the retailerMost new holiday items at Target are $20 or less, including thousands $5 and underNew AI-powered shopping experiences, daily deals and early Black Friday savings simplify gifting

MINNEAPOLIS, Oct 21, 2026 /PRNewswire/ — Target Corporation (NYSE: TGT) is putting gifting at the heart of the holidays, bringing guests more than 8,000 new stylish gifts they can’t wait to give. More than half of the new assortment is available only at Target, with thousands of gifts priced at $5 and under. New AI-powered shopping experiences, fresh ways to discover gifts and deals throughout the season will make it easier for guests to find something special for everyone on the list.

“This holiday season, guests will see and feel the changes we’ve been making across Target, bringing together the style, design and value they expect from us with an experience that makes shopping easier and more inspiring,” said Michael Fiddelke, chief executive officer, Target. “We know guests turn to Target for gifting, gathering and everything in between, and our team is ready to help busy families discover more joy in those moments throughout the season.”

Stylish gifts at an incredible value
As consumers continue to look for affordable ways to give gifts that feel special, Target is leaning into one of the season’s biggest trends: luxe-for-less gifting. This year’s assortment includes 100% cashmere (excluding functional trim) starting at $25, pajamas for all from $10, festive decor from $5, faux fur throws at $30, top toys from LEGO, Barbie and Nintendo, new and exclusive gifts from prestige, emerging and global beauty brands at Target Beauty Studio, nostalgic sweet treats and host gifts from Favorite Day and exclusive finds for sports and wellness fans, making it easy for guests to find gifts that feel elevated at every price point.

“Guests tell us they want to give gifts that are thoughtful and personal, while feeling good about what they’re spending,” said Cara Sylvester, executive vice president and chief merchandising officer, Target. “That’s why we’ve brought together the brands they love, exciting trends and unexpected finds they won’t see anywhere else — all at prices that make it easier to get that ‘I can’t wait to give this’ gift.”

More ways to discover the perfect gift
New this season, Ask Target, an AI-powered shopping assistant available in beta on Target.com and the Target app, helps guests find inspiration, narrow their choices and shop with confidence and ease. Additional AI-powered features and a digital holiday kids catalog offer more ways to discover gifts for everyone on the list.

Target’s new Academy of Giftology holiday marketing campaign, launching in November, will tackle familiar gifting dilemmas with playful inspiration to help guests gift it their all and find gifts they’ll be excited to give.

More ways to save, from the first gift to the last
Beginning Nov. 1, guests can shop a new Deal of the Day every day through Dec. 24, with a first-ever one-day preview of upcoming offers to help them plan ahead. Early Black Friday deals run Nov. 5–7, followed by new limited-time offers every weekend throughout the holiday season.

The joy of gift giving
Through Target’s partnership with St. Jude Children’s Research Hospital, guests can give a gift that helps give back with the Gigglescape St. Jude bear, with a donation tied to each purchase while supplies last.

About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.

View original content to download multimedia:https://www.prnewswire.com/news-releases/target-makes-it-easier-for-guests-to-discover-stylish-holiday-gifts-they-cant-wait-to-give-302914635.html

SOURCE Target Corporation

Continue Reading

Technology

illumend CEO: Building a COI Tracker with AI Is Easy. Verifying Insurance Compliance Is Not.

Published

on

By

Kristen Nunery warns that homegrown Certificate of Insurance tracking tools can create a false sense of security when businesses mistake collecting insurance documents for verifying coverage and compliance

INDIANAPOLIS, Oct. 21, 2026 /PRNewswire/ — As general-purpose artificial intelligence (AI) makes it easier for businesses to build their own software, Kristen Nunery, founder and CEO of illumend, is warning construction and property management companies against a costly misconception: that building a Certificate of Insurance (COI) tracking system is the same as verifying that contractors and other third parties have the insurance coverage their contracts require.

In her new article, “You Can Build a COI Tracker with AI. That Doesn’t Mean You Should,” Nunery explains that general-purpose AI tools such as ChatGPT can help businesses create applications that collect certificates, track expiration dates, and automate reminders. But those capabilities address only part of the insurance compliance process. Determining whether coverage satisfies contractual requirements involves interpreting insurance documents, reviewing endorsements, identifying exclusions and resolving discrepancies that basic tracking software may overlook.

“AI has democratized the ability to build software. It hasn’t democratized the expertise to make the right insurance decision,” said Nunery, who has spent 16 years in insurance compliance. “If you don’t have a compliance process today, you’re not automating a process. You’re automating your best guess.”

Why a COI Tracker Is Not an Insurance Compliance Verification System

According to Nunery, the critical distinction is between tracking the existence and expiration of insurance documents and verifying whether the underlying coverage meets contractual obligations.

A homegrown COI tracker may confirm that a certificate is current, record policy limits, and flag missing documents. But a current certificate does not necessarily mean a contractor is adequately insured or compliant with an agreement’s terms.

For example, a subcontractor may submit a certificate showing sufficient general liability limits and additional insured status. Yet the underlying endorsement may be a CG 20 10 covering ongoing operations only, while the contract also requires completed-operations coverage under a CG 20 37 or equivalent endorsement. A basic tracker could mark the subcontractor as compliant despite the missing coverage.

“The tracker didn’t misread anything,” Nunery said. “It never had the contract requirement, the endorsement language, or the connection between the two.”

Other potential gaps include incorrectly named insured entities, missing endorsements, inadequate completed-operations coverage, and policy provisions that fail to satisfy contractual insurance requirements. Identifying these issues requires evaluating insurance evidence in context, not simply extracting data from a certificate.

Why Insurance Compliance Verification Requires Specialized Technology

Nunery argues that businesses seeking to move beyond basic COI tracking need technology designed specifically for insurance compliance verification, with insurance expertise embedded in how the system evaluates coverage.

Unlike homegrown tracking tools, specialized compliance platforms such as illumend compare insurance documents against established contractual requirements, examine supporting endorsements, identify coverage gaps, and explain findings that require attention.

This approach powers Lumie, illumend’s specialized AI-powered insurance compliance expert. Lumie reviews certificates and endorsements against established requirements, flags potential deficiencies and provides supporting evidence for its determinations, while allowing compliance professionals to review and resolve exceptions.

“AI should do more than flag a problem. It should show you what it found, which requirement it evaluated, and the evidence behind its assessment,” Nunery said. “Lumie applies insurance expertise at scale and creates a clear record of its findings, so teams can act on routine determinations efficiently and focus their attention on exceptions that need a closer look.”

Nunery’s perspective draws on her experience building myCOI, whose technology has reviewed more than 45 million insurance documents and identified more than 2 million coverage gaps before they became claims, according to company figures.

Build a COI Tracker or Buy a Compliance Platform? The Questions Businesses Should Ask

For organizations considering building their own COI software, Nunery recommends first determining whether they need a document-tracking application or a comprehensive insurance compliance verification system.

Basic tracking needs may be addressed with spreadsheets, conventional software, or applications built with general-purpose AI. But verifying compliance requires substantially more: translating contractual insurance requirements into rules, reviewing endorsements and policy evidence, identifying exceptions, documenting decisions, and maintaining an auditable compliance process.

Businesses must also consider who will keep insurance requirements current, validate the system’s determinations, investigate discrepancies, and maintain the records needed to support compliance decisions during claims or audits.

“Building the software happens once,” Nunery said. “Running a compliance system means keeping requirements, evidence, follow-ups, decisions and the audit trail current, every day it’s in use.”

To read Nunery’s full article, visit https://www.illumend.ai/evaluation-buying/build-vs-buy-coi-tracking-software-ai

About illumend
Founded in 2025, illumend™ is the AI-powered platform redefining how businesses manage third-party insurance compliance and risk. Backed by myCOI, the leader in third-party insurance compliance management with more than 16 years of expertise, illumend reimagines compliance by guiding every step of the process—from document review and expiration tracking to risk flagging, communication, and resolution—within one intuitive system. Built on myCOI’s institutional foundation—having processed more than 45 million documents, managed over 1.2 million agreements, cleared more than 750,000 third-party partners, and identified more than two million coverage gaps before claims—illumend brings this depth of compliance intelligence into an AI-native platform. At its core is Lumie, illumend’s conversational AI guide that reads complex insurance documents, flags issues in real time, and explains them in language anyone can act on. To learn more, visit https://www.illumend.ai.

Media contact:
Michael Tebo
Gabriel Marketing Group (for illumend)
Phone: 571-835-8775
Email: michaelt@gabrielmarketing.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/illumend-ceo-building-a-coi-tracker-with-ai-is-easy-verifying-insurance-compliance-is-not-302914543.html

SOURCE illumend

Continue Reading

Trending