The latest research study “Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global soft skills training market size reached US$ 23.64 Billion in 2021. Looking forward, the market expects to reach US$ 47.16 Billion by 2027, exhibiting at a CAGR of 12.3% during 2022-2027.
Personality qualities, communication abilities, and social and emotional intelligence are all considered soft talents. These abilities are crucial for allowing people to effectively manage relationships, communicate, and lead a team. These traits characterize how individuals interact with others in a workplace setting. These skills can also be effectively applied for critical thinking, conflict resolution and time management. As a result, professionals are encouraged to undertake professional training for improving these skills that will ultimately assist them in achieving personal and business goals.
Soft skills training is commonly being delivered at academic and commercial levels via numerous online and offline programs. They are widely gaining prominence due to the evolving corporate culture across the globe.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Soft Skills Training Industry Trends and Drivers:
One of the main factors propelling the market expansion is the growing emphasis on the total development of employees in the corporate sector. In keeping with this, many businesses are requiring newly hired staff to complete soft skills training, which is helping to stimulate the market.
The market is further driven by the incorporation of soft skills training programs in the academia as a part of school and university curriculum. This is done in an attempt to improve the employability of the students after completing their formal education. These programs are widely being adopted as they are expected to assist students in inculcating the advanced skills of delegation, cohesiveness and collaboration that will further create numerous lucrative professional opportunities.
Furthermore, these training programs are now being integrated with AR and VR technologies in an attempt to make the studying process more innovative and interactive. Other factors, including overall increasing human workforce and the rising need for professional individuals with expert interpersonal and communicative skills, are expected to contribute to the market growth.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Articulate Global Inc., Cengage Learning Inc., Computer Generated Solutions Inc., D2L Corporation, edX Inc., New Horizons Worldwide LLC, NIIT Limited, Pearson PLC, QA Limited and Skillsoft Corporation.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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