Global Soft Skills Training Market to Reach $47.16 Billion

DUBLIN, Sept. 6, 2022 /PRNewswire/ -- The 'Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027' report has been added to ResearchAndMarkets.com's offering.

The global soft skills training market size reached US$ 23.64 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 47.16 Billion by 2027, exhibiting a CAGR of 12.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Rapid urbanization, along with the growing requirement to minimize the skill gap among professionals across the globe, represent as the key factors driving the market growth. Organizations are emphasizing on providing high-quality training modules to their employees for encouraging holistic development and faster achievement of goals.

Furthermore, new employees are enrolled for soft skills training programs to inculcate the skills of delegation, cohesiveness and collaboration, which is also contributing to the market growth. Individuals are also increasingly investing in upgrading their skills and learning soft skills to attract more lucrative professional opportunities.

Additionally, various technological advancements, such as the integration of artificial intelligence (AI) and virtual reality (VR) with the training modules, are acting as other growth-inducing factors. These technologies offer repeatable and reusable content and are able to identify the specific requirement of each individual. Other factors, including rising expenditure on digital learning and acquiring new skills by the masses, are anticipated to drive the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global soft skills training market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on soft skill type, channel provider, sourcing, delivery mode and end use industry.

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
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Soft Skills Training Market

6 Market Breakup by Soft Skill Type

7 Market Breakup by Channel Provider

8 Market Breakup by Sourcing

9 Market Breakup by Delivery Mode

10 Market Breakup by End Use Industry

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Analysis

16 Competitive Landscape

 Companies Mentioned

• 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.

For more information about this report visit https://www.researchandmarkets.com/r/nb4wza

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Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets