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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.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 (%) | |||||
Industry Insights
Major trends affect the Professional and Management Development Training industry include:- Increased demand for online coaching platforms
- Rising emphasis on analytics and data-driven coaching
- Greater focus on mental health and wellbeing
- Shift towards personalized and niche coaching services
- Integration of AI and machine learning tools
- Expansion of coaching into new markets and industries
- Growing demand for sustainability and CSR coaching
- Emphasis on measurable outcomes and ROI from coaching
- Adoption of hybrid coaching models (online and in-person)
- Increased regulatory and ethical standards for coaching professionals
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 Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Basic Education & Personal Improvement Programs & Courses (Include Tuition For Literacy Programs, Ged, Second Language Programs, |
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Occupational, Technical, And Trade; Professional Development; And Management Training Programs And Courses |
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Training Programs - Education (Include Training In Instructional Techniques And Professional Development For Educators.) |
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Training Programs - Business, Management, And Public Administration |
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Training Programs - Professional Development And Management Training Programs And Courses |
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Training Programs - All Other Personal, Protective, And Transportation Services (Include CDl Training.) |
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Training Programs - Other Occupational, Technical And Trade; Professional Development; And Management Training Programs And Cour |
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Higher Academic, Career/Technical, And Advanced Research Qualification Programs And Credit Courses |
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Prerecorded Educational Courses, Programs, Or Supplements Using Software Or Other Media |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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Program Service Revenue Including Government Fees And Contracts |
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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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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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 | ||
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 Ratios | Industry 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. |
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| 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 16% | Order at top of page |
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| Top Executives | 8% | |||
| Chief Executives | 1% | |||
| General and Operations Managers | 8% | |||
| General and Operations Managers | 8% | |||
| 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% | |||
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:
Innovation News
- Jan 21, 2024: Light Brigade trademarks "LIGHT BRIGADE CERTIFIED BROADBAND FIBER OPTIC SPECIALIST (CBFOS)" - Training in the use and operation of fiber optics; Workshops and seminars in the field of fiber optics
- Jan 21, 2024: Light Brigade trademarks "LIGHT BRIGADE CERTIFIED BROADBAND FIBER OPTIC TECHNICIAN (CBFOT)" - Training in the use and operation of fiber optics; Workshops and seminars in the field of fiber optics
- Jan 21, 2024: Light Brigade trademarks "LIGHT BRIGADE CERTIFIED BROADBAND FIBER OPTIC PROFESSIONAL (CBFOP)" - Training in the use and operation of fiber optics; Workshops and seminars in the field of fiber optics
- Aug 26, 2021: Bravely raises $15 million in funding.
- Nov 27, 2019: True Colors International raises $1 million in funding.
- Aug 23, 2019: Medtrainer raises $11 million in funding.
- Aug 01, 2019: Cash Flow Management patents Network Outage Redundancy Module
- Feb 18, 2016: Cash Flow Management patents System And Method For Efficient Allocation Of Resources In A Financial Services Branch
- Feb 18, 2016: Cash Flow Management patents System And Method For Efficient Allocation Of Resources In A Financial Services Branch
Recent Federal Contracts for Professional and Management Development Training
- Apr 02, 2024: FAIRBANKS MORSE, LLC (Chesapeake, VA) awarded $6,000
- Apr 02, 2024: NICHOLS, DONALD J (Liberty Hill, TX) awarded $4,800
- Apr 02, 2024: A P VENTURES, LLC (Columbia, MD) awarded $496,128
- Apr 02, 2024: BIZZELL GROUP LLC, THE (Bowie, MD) awarded $158,017
- Apr 02, 2024: EMPOWER EDUCATIONAL CONSULTING LLC (Chandler, AZ) awarded $36,000
- Apr 02, 2024: KUSI GLOBAL, INC. (Washington, DC) awarded $16,634
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