NEW
YORK, June 24, 2024 /PRNewswire/ -- The
global soft skills training market size is estimated to
grow by USD 315.6 billion from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 50.98% during the forecast
period. The emergence of cost-effective E-learning
training modules is driving market growth, with a trend
towards gamification of content. However, limited demand
from developing economies poses a challenge. Key market
players include Articulate Global Inc., Computer Generated
Solutions Inc., CoreAxis, Coursera Inc., Crucial Learning, D2L
Inc., edX LLC, Global Training Solutions Inc., GoSkills Ltd.,
Health and Safety Institute Inc., Interaction Associates Inc., MPS
Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd.,
Pearson Plc, SGS SA, Skillsoft Corp., Udacity Inc., Udemy Inc., and
Wilson Learning Worldwide Inc..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Corporate and
Academic), Delivery Mode (Offline and Online), 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
|
Articulate Global Inc.,
Computer Generated Solutions Inc., CoreAxis, Coursera Inc., Crucial
Learning, D2L Inc., edX LLC, Global Training Solutions Inc.,
GoSkills Ltd., Health and Safety Institute Inc., Interaction
Associates Inc., MPS Ltd., New Horizons Computer Learning Centers
Inc., NIIT Ltd., Pearson Plc, SGS SA, Skillsoft Corp., Udacity
Inc., Udemy Inc., and Wilson Learning Worldwide Inc.
|
Key Market Trends Fueling Growth
The soft skills training market is experiencing notable growth
due to the integration of gamification in corporate training.
Businesses are leveraging digital badges, rewards, and leaderboards
to motivate employees and enhance their communication and critical
thinking skills. Gamification's mobile component increases training
engagement, leading to improved business performance and leadership
development. While instructor-led training was once popular, online
game-based learning offers more efficient and effective soft skills
training.
The market for soft skills training is thriving, with companies
seeking to improve communication, teamwork, and problem-solving
abilities among their workforce. Emotional intelligence, critical
thinking, and adaptability are trending skills in today's business
environment. The use of technology, such as virtual training and
e-learning platforms, has made it easier for organizations to
provide these trainings to their employees. Productivity and
employee engagement are key benefits of soft skills training.
Additionally, companies are focusing on leadership and management
skills to create a strong work culture. Overall, the demand for
soft skills training is increasing as businesses recognize the
importance of these skills in driving success.
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Report
Market Challenges
• In the global
soft skills training market, penetration in developing countries,
particularly in tier-2 and tier-3 cities, is limited due to
infrastructure issues, insufficient Internet facilities, and a
shortage of qualified teachers. Price consciousness is a
significant barrier to adopting online education, including laptops
and smartphones required for access. Awareness of available online
courses is lacking in several South American and APAC countries.
China and India are forecasted to lead online education
growth in APAC, but other developing nations face infrastructure
and awareness challenges. To expand market reach, emphasis should
be placed on creating awareness, highlighting convenience and added
benefits.
• The soft
skills training market faces several challenges. Companies require
employees with strong communication skills, such as active
listening and effective speaking. However, finding candidates with
these abilities can be difficult. Additionally, the need for
adaptability and teamwork is crucial in today's business
environment. Yet, many individuals lack these skills. Furthermore,
the use of technology in the workplace demands proficiency in areas
like computer literacy and problem-solving. Addressing these
challenges requires innovative training methods and continuous
learning opportunities. Employers must invest in comprehensive soft
skills development programs to ensure a workforce that can thrive
in the modern business landscape.
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challenges - Download a Sample Report
Segment Overview
This soft skills training market report extensively covers
market segmentation by
- End-user
- 1.1 Corporate
- 1.2 Academic
- Delivery Mode
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Corporate- The corporate segment of the
global soft skills training market is experiencing significant
growth due to increasing awareness of the importance of soft skills
in the workplace. Senior managers and HR in large enterprises
prioritize soft skills training to enhance operational efficiencies
and identify workforce trends. Vendors offering specialized soft
skills training, including leadership and communication courses,
hold a strong market position. SMBs focus more on technical
training, but organizations value soft skills for strong
interpersonal and organizational development. Mandatory
non-technical training and managerial decision-making courses
further drive market growth.
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 Soft Skills Training Market encompasses a range of essential
skills for enhancing interpersonal attributes, communication,
empathy, time management, emotional intelligence, cross-cultural
communication, and creativity. These human skills are increasingly
vital in today's workforce, particularly in the context of remote
work models and virtual communication. Self-discipline,
adaptability, and a growth mindset are essential components of this
training, enabling employees to maximize their productivity through
online courses and video-based learning technology. High-speed
internet and artificial intelligence are integral to delivering
effective training experiences in this domain.
Market Research Overview
The Soft Skills Training Market encompasses various essential
skills required for professional growth and personal development.
These skills include communication, teamwork, problem-solving,
adaptability, time management, and emotional intelligence. The
market offers a wide range of training programs designed to enhance
these skills through workshops, seminars, online courses, and
coaching sessions. Employers increasingly prioritize soft skills in
their hiring processes, recognizing their importance in fostering a
productive and collaborative work environment. The market caters to
diverse industries and sectors, with continuous innovation in
training methodologies and delivery formats to cater to evolving
workforce needs.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Delivery Mode
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle 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/
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