Soft Skills Training Market to Witness 12.4% Cagr Until 2028
The global soft skills training market size reached US$ 26.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.1 Billion by 2028, exhibiting a growth rate (CAGR) of 12.4% during 2023-2028. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Covid-19 Impression:
We're usually monitoring the direct impact of COVID-19 in the marketplace, together with the oblique affect of related industries. These observations might be built-in into the report.
Industry Definition and Software:
Soft skills are a combination of personality traits, communication skills, and social and emotional intelligence. These skills are essential for enabling individuals to manage relationships, communicate efficiently, and lead a team. These traits characterize how individuals interact with others in a workplace setting. These skills can also be effectively applied for critical thinking, conflict resolution and time management. As a result, professionals are encouraged to undertake professional training for improving these skills that will ultimately assist them in achieving personal and business goals. Soft skills training is commonly being delivered at academic and commercial levels via numerous online and offline programs. They are widely gaining prominence due to the evolving corporate culture across the globe.
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Global Soft Skills Training Industry Trends and Drivers:
The increasing focus on the holistic development of employees in the corporate sector represents one of the primary factors driving the market growth. In line with this, numerous companies are also mandating the requirement of soft skills training among the newly recruited employees, thereby providing a thrust to the market.
The market is further driven by the incorporation of soft skills training programs in the academia as a part of school and university curriculum. This is done in an attempt to improve the employability of the students after completing their formal education. These programs are widely being adopted as they are expected to assist students in inculcating the advanced skills of delegation, cohesiveness and collaboration that will further create numerous lucrative professional opportunities.
Furthermore, these training programs are now being integrated with AR and VR technologies in an attempt to make the studying process more innovative and interactive. Other factors, including overall increasing human workforce and the rising need for professional individuals with expert interpersonal and communicative skills, are expected to contribute to the market growth.
List of Major Key Players:
The major players in the market are Articulate World Inc., Cengage Studying Inc., Laptop Generated Options Inc., D2L Company, edX Inc., New Horizons Worldwide LLC, NIIT Restricted, Pearson PLC, QA Restricted and Skillsoft Company.
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