Soft Skills Training Market Size, Share & Analysis Report, 2021-2027
The global Soft Skills Training market gathered revenue around USD 60 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 12% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 60 Billion by 2027 |
| Growth Rate | CAGR of 12% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Delivery Model,Soft Skill Type,Sourcing Type, Channel (Provider), End-use Industry and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Articulate Global, Inc., Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Franklin Covey Co, Interaction Associates, Inc., Mind Gym, New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd. |
Soft skills refer to a combined set of behavior, which defines a person’s personality and the ability to interact with other people. Soft skills are a combination of social skills, communication skills, character or personality traits, attitudes, career attributes, social intelligence, and emotional intelligence. In the current scenario, soft skills are considered one of the most important abilities during the recruitment process. According to McKinsey’s research, more than 26% rise in the demand for soft skills training by 2027 is anticipated due to the fact that soft skills have become essential with the growing corporate culture. Moreover, soft skills play a crucial role to communicate effectively, solve a problem, and manage & effectively coordinate with the team. The soft skills training market report provides an overview of types of soft skills, various soft skills training methods being adopted to train employees in different markets, and describes different industries and their adoption of soft skills training.
Increase in investment in skill development programs, equal importance to digital and soft skills, penetration of online digital learning platforms, and corporate policy with regard to skill development of employees are likely to be some of the major drivers for the growth of the soft skills training market during the forecast period.
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.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Soft Skills Training market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Soft Skills Training market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Soft Skills Training market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Soft Skills Training Market include: Articulate Global, Inc., Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Franklin Covey Co, Interaction Associates, Inc., Mind Gym, New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd., Skillsoft Corporation, Tata Interactive Systems, The Insights Group Ltd.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Soft Skills Training Market: Segmentation
Soft Skills Training Market, by Delivery Model
Soft Skills Training Market, by Soft Skill Type
Soft Skills Training Market, by Sourcing Type
Soft Skills Training Market, by Channel (Provider)
Soft Skills Training Market, by End-use Industry
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Soft Skills Training market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Soft Skills Training market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Soft Skills Training markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Soft Skills Training market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers