According to IMARC Group latest published report, titled “Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” that the global soft skills training market size reached US$ 23.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.16 Billion by 2027, exhibiting at a CAGR of 12.3% during 2022-2027.
What are Soft Skills Training
Soft Skills Definition and Application: Soft skills represent the individual emotional quotient (EQ), such as communication skills, personal attributes, social intelligence, critical thinking, problem-solving, positive attitude, etc. Professional soft skills training is essential for managing relationships and efficiently communicating in a business environment. The program involves leadership skills, work ethics, adaptability, and interpersonal communication. Soft skills training also enables individuals to improve critical thinking and creativity, enhance cognitive flexibility, and develop negotiating skills and favorable personality traits. Compared to hard skills, this program is useful in improving customer service, employee retention, increasing job satisfaction, overall work productivity, etc. As a result, soft skills training finds extensive applications across various sectors, including hospitality, healthcare, BFSI, retail, media, entertainment, etc.
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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Competitive Scenario with Key Players:
The competitive landscape of the market has also been analyzed, with some of the key players being
Articulate Global Inc., Cengage Learning Holdings II, Inc. (CNGO), Computer Generated Solutions Inc., D2L Inc. (DTOL.TO), edX Inc., New Horizons Worldwide LLC, NIIT Limited, Pearson PLC, QA Limited and Skillsoft Corporation.
Soft Skills Training Market Trends:
The elevating focus on the comprehensive development of the employees in the corporate sector is among the primary factors propelling the soft skills training market. Besides this, the launch of favorable policies by the government bodies to minimize the skill gap among professionals is further augmenting the market growth. Moreover, the growing popularity of soft skills training in academia as a part of the university module to create professional opportunities is also catalyzing the global market. Apart from this, the emerging trend of digitization and the integration of these programs with advanced technologies, such as cloud computing, virtual reality (VR), artificial intelligence (AI), etc., are acting as significant growth-inducing factors. Furthermore, several leading companies are focusing on delivering high-quality training modules for faster achievement of goals, which are expected to bolster the soft skills training market in the coming years.
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The report has segmented the market on the basis of Soft Skill Type, Channel Provider, Sourcing, Delivery Mode, End User and Region.
Breakup by Soft Skill Type:
- Management and Leadership
- Administration and Secretarial
- Communication and Productivity
- Personal Development
Breakup by Channel Provider:
- Corporate/ Enterprise
- Academic/ Education
Breakup by Sourcing:
Breakup by Delivery Mode:
Market Breakup by End Use Industry:
- Media and Entertainment
Market Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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