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2024 U.S. Industry Statistics & Market Forecast - Professional and Management Development Training


Market Size & Industry Statistics

The total U.S. industry market size for Professional and Management Development Training: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Professional & Management Development Training industry is facing a range of key trends that are transforming the way training is being delivered to employees and leaders around the world. These trends are driven by a combination of factors, including advances in technology, changing employee expectations, and the need to meet the demands of a fast-paced, global business environment.

One of the biggest trends is the shift towards digital learning solutions, such as e-learning, virtual classrooms, and gamification. These solutions offer more flexibility, personalization and, importantly, cost-savings than traditional classroom-based training methods. Other trends include the growing focus on soft skills development, such as leadership, team building, creativity, and emotional intelligence. Companies realize the importance of developing their employees' soft skills, which are critical for business success in today's highly competitive and constantly-evolving marketplace.

Employee engagement is another key trend, as companies realize the importance of keeping employees motivated and invested in their roles. This trend includes a focus on employee well-being, including mental health, work-life balance, and mindfulness training. Companies are also investing in new technologies, such as AI-powered learning solutions, and the use of data analytics to identify and address skill gaps and training needs.

Finally, the Professional & Management Development Training industry is also seeing a growing trend towards global expansion and collaboration. As companies become more globalized, they need training solutions that can be tailored to the needs of their diverse workforce, as well as solutions that can be delivered seamlessly across different time zones and geographical locations. As such, many training providers are expanding their reach to offer global solutions and partnered collaborations to provide a more complete service for their clients.



Product & Services Breakdown

Research products and services in the Professional and Management Development Training industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Basic Education & Personal Improvement Programs & Courses (Include Tuition For Literacy Programs, Ged, Second Language Programs,

Occupational, Technical, And Trade; Professional Development; And Management Training Programs And Courses

Training Programs - Education (Include Training In Instructional Techniques And Professional Development For Educators.)

Training Programs - Business, Management, And Public Administration

Training Programs - Professional Development And Management Training Programs And Courses

Training Programs - All Other Personal, Protective, And Transportation Services (Include CDl Training.)

Training Programs - Other Occupational, Technical And Trade; Professional Development; And Management Training Programs And Cour

Higher Academic, Career/Technical, And Advanced Research Qualification Programs And Credit Courses

Prerecorded Educational Courses, Programs, Or Supplements Using Software Or Other Media

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Program Service Revenue Including Government Fees And Contracts



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Professional and Management Development Training company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Professional and Management Development Training industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Professional and Management Development Training measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 16%

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Top Executives 8%
Chief Executives1%
General and Operations Managers 8%
General and Operations Managers8%
Business and Financial Operations Occupations 29%
Business Operations Specialists 27%
Training and Development Specialists 16%
Training and Development Specialists 16%
Computer and Mathematical Occupations 8%
Computer Occupations 7%
Educational Instruction and Library Occupations 15%
Other Teachers and Instructors 6%
Sales and Related Occupations 6%
Sales Representatives, Services 5%
Office and Administrative Support Occupations 14%
Source: Bureau of Labor Statistics


Professional and Management Development Training Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Professional and Management Development Training industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Professional and Management Development Training industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Professional and Management Development Training industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Professional and Management Development Training

  • Feb 27, 2024: ALPHA OMEGA EOD LLC (Madison, AL) awarded $8,500
  • Feb 27, 2024: TSCS CONSULTING LLC (Chapel Hill, NC) awarded $6,000
  • Feb 27, 2024: NATIONAL CONTRACT MANAGEMENT ASSOCIATION (Reston, VA) awarded $8,025
  • Feb 27, 2024: MODEL CONCEPT COMMUNICATIONS, LLC (Reston, VA) awarded $205,301
  • Feb 27, 2024: GUN-POWDER TECHNOLOGIES, INCORPORATED (Guntersville, AL) awarded $6,000
  • Feb 27, 2024: GUZMAN & GRIFFIN TECHNOLOGIES, INC. (Mays Landing, NJ) awarded $30,700,238




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