Dublin, Sept. 24, 2021 (GLOBE NEWSWIRE) -- The "Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global soft skills training market reached a value of US$ 21.3 Billion in 2020. Looking forward, the market is expected to reach a value of around US$ 43 Billion by 2026. Keeping in mind the uncertainties of COVID-19, the analyst is 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.
Soft skills refer to a combination of people and communication skills, personality traits, attitudes, career preferences and social and emotional intelligence. Individuals undertake professional training to enhance these skills and navigate the professional environment to achieve personal and business goals. The training is offered through offline and web-based platforms and can aid in improving customer service, employee retention, increasing sales and job satisfaction and overall productivity of the individual. However, in comparison to hard technical skills, soft skills are more personality-focused, but they can also be applied for time management, conflict-resolution, problem-solving, critical thinking, organization development and leadership.
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 analyst 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 2021-2026. The 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
Competitive Landscape
The report has also analysed the competitive landscape of the market with some of the key players being 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 Questions Answered in This Report
- How has the global soft skills training market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global soft skills training market?
- What are the key regional markets?
- What is the breakup of the market based on the soft skill type?
- What is the breakup of the market based on the channel provider?
- What is the breakup of the market based on the sourcing?
- What is the breakup of the market based on the delivery mode?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global soft skills training market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Soft Skills Training Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Soft Skill Type
6.1 Management and Leadership
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Administration and Secretarial
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Communication and Productivity
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Personal Development
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Teamwork
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Channel Provider
7.1 Corporate/ Enterprise
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Academic/ Education
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Government
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Sourcing
8.1 In-house
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Outsourced
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Delivery Mode
9.1 Online
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offline
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End-use Industry
10.1 BFSI
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Hospitality
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Healthcare
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Retail
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Media and Entertainment
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Articulate Global Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Cengage Learning Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Computer Generated Solutions Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 D2L Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 edX Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 New Horizons Worldwide LLC
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 NIIT Limited
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.8 Pearson PLC
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 QA Limited
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Skillsoft Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/q1n7iu
