Soft Skills Management Market to Reach US$ 33,736.1 Mn by 2026: Transparency Market Research

USA - English

News provided by

Jul 11, 2018, 07:30 ET

ALBANY, New York, July 11, 2018 /PRNewswire/ --

According to a new market report published by Transparency Market Research, the global soft skills management market was valued at US$ 11,289.7 Mn in 2016 and is expected to expand at a CAGR of 11.9% from 2018 to 2026, reaching US$ 33,736.1 Mn by the end of the forecast period. According to the report, the global soft skills management market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of about 12.6% throughout the forecast period.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Request a PDF Brochure for Research Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=46641

Increasing demand for higher education continues to drive the market

The global soft skills management market is majorly driven due to rising awareness and adoption of skill development training programs. Improved development rates in secondary and primary schools is also one of the major factors resulting in increasing demand for higher education. As more students complete cycles of secondary education, they look forward to higher education to prepare themselves for new professions and life opportunities. Growing number of enrolments for higher education indicates growth in number of graduates that are ready to join the workforce of the economy. These graduates/post graduates are expected to master the soft skills suitable for the job role the recruiter is looking for. This compels students to enroll themselves in soft skills training programs, thus supporting the growth of the market.

As the number of students passing out each year is expected to increase, it is estimated that the market will expand at a significant pace. However, the global soft skills management market is challenged mainly by the fact that there is lack of awareness of soft skill development training courses, especially online asynchronous courses, in the under developed countries and in some economies of the developing countries.

Request a Sample for Industry Insights at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=46641

Soft Skills Management Market: Scope of the Report

The report offers detailed segmentation based on the soft skill type, delivery mode, end-use industry, and provider. During the initial years, the offline market will dominate the market. However, due to key benefits such as flexibility and scalability, the online market is expected to contribute significantly during the forecast period. On the basis of soft skill type, the market is segmented into Management & Leadership, Administration & Secretarial, Communication & Productivity, Personal Development and others. There are various soft skills which recruiters seek in a candidate while recruiting. However, these skills develop over a period of time in a candidate. Communication & productivity courses refine both oral & written communication and also nurtures the related skills. In terms of end-use industry, IT & Telecom experiences huge demand for employees who are well trained and aware of soft skills. According to 60% of IT leaders, IT skill gap severely or moderately impacts the team or organization. Furthermore, the software industry recruits the most millennial who are required to go through soft skills training courses to improve their overall work quality.

Download Report TOC for in-depth analysis at https://www.transparencymarketresearch.com/report-toc/46641

Global Soft Skills Management Market: Competitive Dynamics

Major strategies adopted by soft skills management providers include strategic acquisitions and partnerships. Major players such as Cengage Learning, Inc., edX, Inc., Pearson PLC, and NIIT Limited are working toward integration and creation of user-friendly and effective solutions. During the forecast period, it is estimated that the established players in the market would either get merged into large enterprises or would give tough competition to the emerging players in the market. It is estimated that large soft skills management vendors would acquire regional players to improve their distribution networks in domestic as well as international markets. Some other significant players active in the soft skills management market are The Insights Group Ltd., Tata Interactive Systems, Skillsoft Corporation, and D2L Corporation.

Request for Multiple Chapters at https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=46641

The soft skills management market has been segmented as below:

Market Segmentation: Global Soft Skills Management Market

By Delivery Mode

Regular/Offline
Online
- Asynchronous Online Courses
- Synchronous Online Courses
- Hybrid Courses

By Soft Skill Type

Management & Leadership
Administration & Secretarial
Communication & Productivity
Personal Development
Others (Intercultural Competence, Networking skills etc.)

By Industry

BFSI
Manufacturing
Hospitality
IT & Telecom
Education
Retail
Media & Entertainment
Others (Healthcare, Transportation)

By Provider

Corporate/ Enterprise
Academic/ Education

Popular Research Reports by TMR:

Smart Classroom Market (Component - Interactive Whiteboards and Displays, Projectors, Learning Management Software, Student Response Software, Classroom Management and Assessment Software, Support Services; Application - Educational Gaming, Educational Security, Educational ERP; End Use - Kindergarten, K-12, Higher Education) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2022: https://www.transparencymarketresearch.com/smart-classroom-market.html
Machine Learning as a Service Market (Deployment Type - Public Cloud and Private Cloud; End Use - Manufacturing, Retail, Healthcare & Life Sciences, Telecom, and BFSI) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025: https://www.transparencymarketresearch.com/machine-learning-as-a-service-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to industry leaders, consultants, and strategy professionals.

Our reports are single-point solutions for industries to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These demands are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for client-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]

Website: https://www.transparencymarketresearch.com