IMARC Group, a leading market research company, has recently releases report titled “Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global soft skills training market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Soft skills training focuses on the development of interpersonal and intrapersonal abilities, as opposed to technical or “hard” skills. These are the skills that facilitate interactions, communications, and collaborations among individuals in both personal and professional settings. Soft skills training is essential in the modern workplace as it equips individuals to work effectively in teams, communicate clearly, and handle challenges with resilience and adaptability. Such training typically covers communication, teamwork, problem-solving, critical thinking, leadership, adaptability, and emotional intelligence. As opposed to technical knowledge or specific job functions, soft skills are transferable across industries and roles. Organizations invest in soft skills training to boost employee engagement, enhance productivity, and foster a positive workplace culture. Individuals, too, seek such training to elevate their career potential, improve relationships, and navigate diverse professional environments with confidence and competence. As a result, soft skills training is gaining immense traction across the globe as it plays a crucial role in holistic personal and professional development.
| Soft Skills Training Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2022 | US$ 26.5 Billion |
| Market forecast in 2028 | US$ 53.1 Billion |
| Growth Rate | CAGR of 12.40% from 2023 to 2028 |
| Base year for estimation | 2022 |
| Historical data | 2017-2022 |
| Forecast period | 2023-2028 |
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Soft Skills Training Industry Trends and Drivers:
The global soft skills training market is primarily driven by the rising number of organizations investing in training programs to enhance employee performance and productivity due to the increasing recognition of the importance of soft skills in the workplace, such as communication, teamwork, and emotional intelligence. Moreover, the evolving nature of work, including remote and cross-functional teams, has augmented the demand for soft skills to navigate complex work environments. Additionally, the rapid pace of technological advancements and automation has escalated the need for human-centric skills that cannot be easily replaced by machines. Apart from this, the heightening focus on diversity, equity, and inclusion initiatives has accelerated the adoption of soft skills training to foster inclusive and respectful workplace cultures. Besides this, the escalating adoption of remote learning and virtual training platforms amid the COVID-19 pandemic, that makes soft skills training more accessible to a global workforce, is another major growth-inducing factor. Furthermore, the emerging gig economy and entrepreneurship has fueled the demand for soft skills training among individuals looking to enhance their career prospects, thereby contributing to market growth.
The report has segmented the market into the following categories:
Breakup by Soft Skill Type:
- Management and Leadership
- Administration and Secretarial
- Communication and Productivity
- Personal Development
- Teamwork
- Others
Breakup by Channel Provider:
- Corporate/Enterprise
- Academic/Education
- Government
Breakup by Sourcing:
- In-house
- Outsourced
Breakup by Delivery Mode:
- Online
- Offline
Breakup by End Use Industry:
- BFSI
- Hospitality
- Healthcare
- Retail
- Media and Entertainment
- Others
Breakup by Region:
-
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
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Who are the key players operating in the industry?
The report covers the major market players including:
- Articulate Global Inc.
- Cengage Learning Inc.
- Computer Generated Solutions Inc.
- D2L Corporation
- edX Inc.
- New Horizons Worldwide LLC
- NIIT Limited
- Pearson PLC
- QA Limited
- Skillsoft Corporation
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