The Global Soft Skills Training market was valued at USD 23.90 billion in 2023 and is expected to reach USD 53.58 billion by the year 2030, at a CAGR of 12.32%.
Soft skills encompass individual attributes, attitudes, behavior, and communication competencies essential for effective collaboration with others. These skills encompass teamwork, problem-solving, creativity, leadership, time management, adaptability, and emotional intelligence. Enhancing these skills is achievable through diverse training approaches, including workshops, online courses, coaching, mentoring, and on-the-job training. Such methods contribute to improving communication, fostering collaboration, and enhancing overall workplace efficiency. Soft skills training specifically aids in cultivating leadership qualities, fostering the ability to motivate and inspire others, build trust, and communicate effectively.
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Top Key Players of Soft Skills Training Market:
The Ken Blanchard Companies. CENTER FOR CREATIVE LEADERSHIP Hemsley Fraser Dale Carnegie & Associates Inc CEGOS. CGS New Horizons Worldwide LLC. QA Ltd Articulate Global Inc. D2L Corporation Skillsoft v MPS Interactive Systems Limited The Insights Group Limited NIIT Pearson India Education Services Pvt. Ltd and edX Inc. and other Major Players.
Soft Skills Training Market Segmentation:
By Type
- Management & Leadership
- Personal Development
- Teamwork
- Others
By Delivery Mode
- Regular/Offline
- Online
By Application
- BFSI
- Manufacturing
- Hospitality
- Healthcare and Pharmaceuticals
- IT and Telecom
- Retail
- Others
The Global Soft Skill Training market is expected to experience significant growth from 2023 to 2030. The market is currently on a steady growth trajectory in 2023, and the implementation of strategies by key players is likely to further propel market growth throughout the forecast period.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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What Are The Growth Prospects And Trends In Soft Skills Training Industry?
The market is predominantly fueled by a growing demand for soft skill training within corporate sectors. Presently, organizations are making substantial investments in training employees to enhance their communication and personality skills, aiming for the sustained success of their enterprises. Furthermore, the widespread adoption of soft skill training in universities, geared towards offering students appealing career prospects, is contributing to the overall market expansion. Additionally, technological advancements, including the integration of virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) solutions, are playing a significant role. These technologies provide real-time soft skill education to employees and facilitate an interactive communication system, serving as key growth factors. The surge in digitization's popularity, increased spending on digital learning for skill development, and the easy accessibility of online platforms such as Coursera, Skillshare, and Udemy, offering soft skill certificate courses, are contributing to a positive market outlook.
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