Soft skills training is the process of improving personal characteristics that allow people to effectively connect with others, both in their professional and personal lives. Soft skills include communication, leadership, teamwork, problem-solving, time management, emotional intelligence, flexibility, creativity, and critical thinking. Soft skills training can help individuals to develop and apply these skills in various situations, such as resolving conflicts, delivering successful presentations, negotiating, managing time and resources, and building relationships with colleagues, customers, and stakeholders. Soft skills training can be delivered through workshops, online courses, coaching, mentoring, and on-the-job training. It can be customized to an individual's or organization's unique needs and goals, addressing their specific challenges and skill gaps.
Global Soft Skills Training Market Driving Factors and Challenges
The global demand for soft skills training is expanding for a variety of reasons. One of the primary drivers is the growing importance of soft skills in the workplace. Success in today's job market requires strong communication, collaboration, problem-solving, and leadership skills. Consequently, many companies are investing in soft skills training programs to help their employees acquire these critical abilities.
Globalization is also a significant factor contributing to the expansion of the worldwide soft skills training industry. As businesses expand and operate on a global scale, they require employees who can communicate effectively across cultures and work well in diverse teams. In today's job market, possessing exceptional soft skills can offer a competitive advantage. As a result, more and more people are seeking soft skills training to improve their chances of securing employment.
Although the global soft skills training industry is experiencing rapid growth, it is not without obstacles. One of the most significant challenges is the industry's lack of standardisation and regulation. Soft skills are subjective and challenging to measure, making it difficult to establish consistent training programs and evaluations.
Another issue facing the worldwide soft skills training industry is the high cost of training programs. Soft skills training can be expensive, especially for small businesses and individuals. This can make it challenging for those who would benefit the most from the training to participate.
Impact of COVID-19 on Global Soft Skills Training Market
The pandemic has had a notable impact on the soft skills training industry, with one significant outcome being the shift towards remote work and virtual training. Due to many employees working from home, companies have had to adapt their training programs to provide soft skills training online. As a consequence, there has been a rise in demand for virtual training platforms and online courses.
Global Soft Skills Training Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 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, Tata Interactive System, The Insights Group Ltd., Vital Smarts, Wilson Learning Worldwide.
Global Soft Skills Training Market Segmentation:
By Soft Skill Type: Based on the Soft Skill Type, Global Soft Skills Training Market is segmented as; Administration and Secretarial, Communication and Productivity, Management and Leadership, Personal Development, Teamwork, Others.
By Sourcing: Based on the Sourcing, Global Soft Skills Training Market is segmented as; In-House, Outsourced.
By Delivery Mode: Based on the Delivery Mode, Global Soft Skills Training Market is segmented as; Regular/Offline, Online (Asynchronous Online Courses, Synchronous Online Courses, Hybrid Courses).
By Channel Provider: Based on the Channel Provider, Global Soft Skills Training Market is segmented as; Academic/ Education, Corporate/ Enterprise, Government.
By End User: Based on the End User, Global Soft Skills Training Market is segmented as; BFSI, Healthcare, Hospitality, Media and Entertainment, Retail, Others.
By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.