Australia markets close in 5 hours 25 minutes
  • ALL ORDS

    7,737.00
    +46.80 (+0.61%)
     
  • ASX 200

    7,423.00
    +48.10 (+0.65%)
     
  • AUD/USD

    0.7473
    -0.0003 (-0.04%)
     
  • OIL

    83.14
    +0.18 (+0.22%)
     
  • GOLD

    1,769.20
    -1.30 (-0.07%)
     
  • BTC-AUD

    86,234.95
    +2,713.78 (+3.25%)
     
  • CMC Crypto 200

    1,481.22
    +17.87 (+1.22%)
     
  • AUD/EUR

    0.6423
    +0.0003 (+0.04%)
     
  • AUD/NZD

    1.0446
    -0.0001 (-0.01%)
     
  • NZX 50

    13,140.98
    +75.06 (+0.57%)
     
  • NASDAQ

    15,410.72
    +109.83 (+0.72%)
     
  • FTSE

    7,217.53
    +13.70 (+0.19%)
     
  • Dow Jones

    35,457.31
    +198.70 (+0.56%)
     
  • DAX

    15,515.83
    +41.36 (+0.27%)
     
  • Hang Seng

    25,787.21
    +377.46 (+1.49%)
     
  • NIKKEI 225

    29,215.52
    +190.06 (+0.65%)
     

Worldwide Soft Skills Training Industry to 2026 - Featuring Articulate Global, D2L and Pearson Among Others - ResearchAndMarkets.com

·4-min read

DUBLIN, September 27, 2021--(BUSINESS WIRE)--The "Soft Skills Training Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global soft skills training market reached a value of US$ 21.3 Billion in 2020. Looking forward, the market is expected to reach a value of around US$ 43 Billion by 2026.

Companies Mentioned

  • 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

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Soft skills refer to a combination of people and communication skills, personality traits, attitudes, career preferences and social and emotional intelligence. Individuals undertake professional training to enhance these skills and navigate the professional environment to achieve personal and business goals. The training is offered through offline and web-based platforms and can aid in improving customer service, employee retention, increasing sales and job satisfaction and overall productivity of the individual. However, in comparison to hard technical skills, soft skills are more personality-focused, but they can also be applied for time management, conflict-resolution, problem-solving, critical thinking, organization development and leadership.

Rapid urbanization, along with the growing requirement to minimize the skill gap among professionals across the globe, represent as the key factors driving the market growth. Organizations are emphasizing on providing high-quality training modules to their employees for encouraging holistic development and faster achievement of goals. Furthermore, new employees are enrolled for soft skills training programs to inculcate the skills of delegation, cohesiveness and collaboration, which is also contributing to the market growth. Individuals are also increasingly investing in upgrading their skills and learning soft skills to attract more lucrative professional opportunities. Additionally, various technological advancements, such as the integration of artificial intelligence (AI) and virtual reality (VR) with the training modules, are acting as other growth-inducing factors. 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.

Key Questions Answered in This Report

  • How has the global soft skills training market performed so far and how will it perform in the coming years?

  • What has been the impact of COVID-19 on the global soft skills training market?

  • What are the key regional markets?

  • What is the breakup of the market based on the soft skill type?

  • What is the breakup of the market based on the channel provider?

  • What is the breakup of the market based on the sourcing?

  • What is the breakup of the market based on the delivery mode?

  • What is the breakup of the market based on the end use industry?

  • What are the various stages in the value chain of the industry?

  • What are the key driving factors and challenges in the industry?

  • What is the structure of the global soft skills training market and who are the key players?

  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Soft Skills Training Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Forecast

6 Market Breakup by Soft Skill Type

7 Market Breakup by Channel Provider

8 Market Breakup by Sourcing

9 Market Breakup by Delivery Mode

10 Market Breakup by End-use Industry

11 Market Breakup by Region

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/5wcm6s

View source version on businesswire.com: https://www.businesswire.com/news/home/20210927005337/en/

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting