Global Soft Skills Training Market Overview
According to SPER Market Research, the Global Soft Skills Training Market is estimated to reach USD 85.98 billion by 2032 with a CAGR of 12.49%.
Soft skills training is the process of acquiring and enhancing non-technical talents or personal characteristics that allow people to connect effectively with others in the job or in their personal lives. Communication, leadership, teamwork, problem-solving, time management, emotional intelligence, flexibility, creativity, and critical thinking are examples of soft skills. Individuals can benefit from soft skills training to help them develop and utilise these talents in a variety of settings, including as addressing disputes, giving successful presentations, negotiating, managing time and resources, and creating connections with colleagues, customers, and stakeholders. Workshops, online courses, coaching, mentoring, and on-the-job training are all ways to give soft skills training. Individuals or organisations can have their training tailored to their unique needs based on their goals, difficulties, and skill gaps.
Exploring the Growth Drivers of the Global Soft Skills Training Industry
Many reasons are driving significant expansion in the global soft skills training business. One major motivator is the growing need for soft skills in the workplace. Communication, cooperation, problem-solving, and leadership abilities have all become important for success in today's employment environment. As a result, many businesses are investing in soft skills training programmes for their staff in order to help them acquire these important talents. Globalization is another element driving the expansion of the worldwide soft skills training business. Businesses that are expanding and operating in a global economy demand personnel who can successfully communicate across cultures and work well in different teams. In today's work environment, having excellent soft skills might provide a competitive advantage. As a result, an increasing number of people are pursuing soft skills training to boost their chances of securing a job.
What challenges does the Global Soft Skills Training Market face?
While the global soft skills training industry is rapidly expanding, it is not without challenges. One of the most significant issues is the industry's lack of uniformity and regulation. Soft skills are difficult to quantify and assess, making it difficult to develop standardised training programmes and examinations. The high cost of training programmes is another issue confronting the worldwide soft skills training industry. Soft skills training may be costly, particularly for small organisations and individuals. This might make it difficult for people who would gain the most from the training to participate.
In what ways has the COVID-19 pandemic affected Global Soft Skills Training Market?
One of the most significant effects of the pandemic on the soft skills training sector has been the trend towards remote employment and virtual training. Companies had to adjust so they can provide soft skills training online because many workers work from home. As a result, demand for virtual training platforms and online courses has increased. Furthermore, the epidemic has emphasised the necessity of certain soft skills in the times of crisis, such as communication, adaptation, and resilience.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Soft Skill Type, By Sourcing, By Delivery Mode, By Channel Provider, By End User
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | 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
|
Key Target Audience:
- Corporate organizations
- Educational institutions
- Government agencies
- Individuals
- Investors and stakeholders
- Non-profit organizations
- Soft skills training providers
Global Soft Skills Training Market Segmentation:
1. By Soft Skill Type:
- Administration and Secretarial
- Communication and Productivity
- Management and Leadership
- Personal Development
- Teamwork
2. By Sourcing:
3. By Delivery Mode:
4. By Channel Provider:
- Academic/ Education
- Corporate/ Enterprise
- Government
5. By End User:
- BFSI
- Healthcare
- Hospitality
- Media and Entertainment
- Retail
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Soft Skills Training Market Size (FY’2019-FY’2032)
- Overview of Global Soft Skills Training Market
- Segmentation of Global Soft Skills Training Market By Soft Skill Type (Administration and Secretarial, Communication and Productivity, Management and Leadership, Personal Development, Teamwork, Others)
- Segmentation of Global Soft Skills Training Market By Sourcing (In-House, Outsourced)
- Segmentation of Global Soft Skills Training Market By Delivery Mode (Regular/Offline, Online)
- Segmentation of Global Soft Skills Training Market By Channel Provider (Academic/ Education, Corporate/ Enterprise, Government)
- Segmentation of Global Soft Skills Training Market By End User (BFSI, Healthcare, Hospitality, Media and Entertainment, Retail, Others)
- Statistical Snap of Global Soft Skills Training Market
- Growth Analysis of Global Soft Skills Training Market
- Problems and Challenges in Global Soft Skills Training Market
- Competitive Landscape in the Global Soft Skills Training Market
- Impact of COVID-19 and Demonetization on Global Soft Skills Training Market
- Details on Recent Investment in Global Soft Skills Training Market
- Competitive Analysis of Global Soft Skills Training Market
- Key Players in the Global Soft Skills Training Market
- SWOT Analysis of Global Soft Skills Training Market
- Global Soft Skills Training Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Soft Skills Training Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Soft Skills Training Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Soft Skills Training Market
7. Global Soft Skills Training Market, By Soft Skill Type, 2019-2032 (USD Million)
7.1 Administration and Secretarial
7.2 Communication and Productivity
7.3 Management and Leadership
7.4 Personal Development
7.5 Teamwork
7.6 Others
8. Global Soft Skills Training Market, By Sourcing, 2019-2032 (USD Million)
8.1 In-House
8.2 Outsourced
9. Global Soft Skills Training Market, By Delivery Mode, 2019-2032 (USD Million)
9.1 Regular/Offline
9.2 Online
9.2.1 Asynchronous Online Courses
9.2.2 Synchronous Online Courses
9.2.3 Hybrid Courses
10. Global Soft Skills Training Market, By Channel Provider, 2019-2032 (USD Million)
10.1 Academic/ Education
10.2 Corporate/ Enterprise
10.3 Government
11. Global Soft Skills Training Market, By End User, 2019-2032 (USD Million)
11.1 BFSI
11.2 Healthcare
11.3 Hospitality
11.4 Media and Entertainment
11.5 Retail
11.6 Others
12. Global Soft Skills Training Market, By Region, 2019-2032 (USD Million)
12.1 Global Soft Skills Training Size and Market Share by Region (2019-2025)
12.2 Global Soft Skills Training Size and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacifics
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Articulate Global Inc.
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Cengage Learning Inc.
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Computer Generated Solutions Inc.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 D2L Corporation
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 edX Inc.
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 New Horizons Worldwide LLC
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 NIIT Limited
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Pearson PLC
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 QA Limited
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Skillsoft Corporation
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 Tata Interactive System
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 The Insights Group Ltd.
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
13.13 Vital Smarts
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments
13.14 Wilson Learning Worldwide
13.14.1 Company details
13.14.2 Financial outlook
13.14.3 Product summary
13.14.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
