Soft Skills Training Market

Market Overview:

The global soft skills training market exhibited double-digit growth growth during 2015-2020. 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. Looking forward, IMARC Group expects the global soft skills training market to reach a value of around US$ 43 Billion by 2026.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global soft skills training market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on soft skill type, channel provider, sourcing, delivery mode and end use industry.

Breakup by Soft Skill Type:

• Management and Leadership 
• Administration and Secretarial
• Communication and Productivity
• Personal Development
• Teamwork
• Others
   

Breakup by Channel Provider:

• Corporate/ Enterprise
• Academic/ Education
• Government
   

Breakup by Sourcing:

• In-house
• Outsourced
   

Breakup by Delivery Mode:

• Online
• Offline
   

Breakup by End Use Industry:

• BFSI
• Hospitality
• Healthcare
• Retail
• Media and Entertainment
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Articulate Global Inc., Cengage Learning Inc., Computer Generated Solutions Inc., D2L Corporation, edX Inc., New Horizons Worldwide LLC, NIIT Limited, Pearson PLC, QA Limited and Skillsoft Corporation.

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?

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting 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
    6.1    Management and Leadership 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Administration and Secretarial
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Communication and Productivity
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Personal Development
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Teamwork
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Others
        6.6.1 Market Trends
        6.6.2 Market Forecast
7   Market Breakup by Channel Provider
    7.1    Corporate/ Enterprise
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Academic/ Education
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Government
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Sourcing
    8.1    In-house
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Outsourced
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Delivery Mode
    9.1    Online
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by End Use Industry
    10.1    BFSI
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Hospitality
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Healthcare
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    Retail
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Media and Entertainment
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Articulate Global Inc.
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
        16.3.2    Cengage Learning Inc.
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Computer Generated Solutions Inc.
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
        16.3.4    D2L Corporation
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
        16.3.5    edX Inc.
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    New Horizons Worldwide LLC
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
        16.3.7    NIIT Limited
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
        16.3.8    Pearson PLC
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials
           16.3.8.4 SWOT Analysis
        16.3.9    QA Limited
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    Skillsoft Corporation
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 

List of Figures

Figure 1: Global: Soft Skills Training Market: Major Drivers and Challenges
Figure 2: Global: Soft Skills Training Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Soft Skills Training Market: Breakup by Soft Skill Type (in %), 2020
Figure 4: Global: Soft Skills Training Market: Breakup by Channel Provider (in %), 2020
Figure 5: Global: Soft Skills Training Market: Breakup by Sourcing (in %), 2020
Figure 6: Global: Soft Skills Training Market: Breakup by Delivery Mode (in %), 2020
Figure 7: Global: Soft Skills Training Market: Breakup by End Use Industry (in %), 2020
Figure 8: Global: Soft Skills Training Market: Breakup by Region (in %), 2020
Figure 9: Global: Soft Skills Training Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Soft Skills Training (Management and Leadership) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Soft Skills Training (Management and Leadership) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Soft Skills Training (Administration and Secretarial) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13 Global: Soft Skills Training (Administration and Secretarial) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Soft Skills Training (Communication and Productivity) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Soft Skills Training (Communication and Productivity) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Soft Skills Training (Personal Development) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Soft Skills Training (Personal Development) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Soft Skills Training (Teamwork) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Soft Skills Training (Teamwork) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Soft Skills Training (Other Skill Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Soft Skills Training (Other Skill Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Soft Skills Training (Corporate/ Enterprise) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Soft Skills Training (Corporate/ Enterprise) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Soft Skills Training (Academic/ Education) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Soft Skills Training (Academic/ Education) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Soft Skills Training (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Soft Skills Training (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Soft Skills Training (In-house) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Soft Skills Training (In-house) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: Global: Soft Skills Training (Outsourced) Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: Global: Soft Skills Training (Outsourced) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Soft Skills Training (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: Global: Soft Skills Training (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Global: Soft Skills Training (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Global: Soft Skills Training (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Global: Soft Skills Training (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Global: Soft Skills Training (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: Global: Soft Skills Training (Hospitality) Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: Global: Soft Skills Training (Hospitality) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Global: Soft Skills Training (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Global: Soft Skills Training (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: Global: Soft Skills Training (Retail) Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: Global: Soft Skills Training (Retail) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: Global: Soft Skills Training (Media and Entertainment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: Global: Soft Skills Training (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Global: Soft Skills Training (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Global: Soft Skills Training (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: North America: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: North America: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: United States: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: United States: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Canada: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Canada: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Asia Pacific: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Asia Pacific: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: China: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: China: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: Japan: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: Japan: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: India: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: India: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: South Korea: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: South Korea: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Australia: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Australia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Indonesia: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Indonesia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Others: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Europe: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Europe: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Germany: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Germany: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: France: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: France: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: United Kingdom: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: United Kingdom: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Italy: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 79: Italy: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 80: Spain: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 81: Spain: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 82: Russia: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 83: Russia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Others: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 85: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 86: Latin America: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 87: Latin America: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 88: Brazil: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 89: Brazil: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 90: Mexico: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 91: Mexico: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 92: Others: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 93: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 94: Middle East and Africa: Soft Skills Training Market: Sales Value (in Million US$), 2015 & 2020
Figure 95: Middle East and Africa: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 96: Global: Soft Skills Training Industry: SWOT Analysis
Figure 97: Global: Soft Skills Training Industry: Value Chain Analysis
Figure 98: Global: Soft Skills Training Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Soft Skills Training Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Soft Skills Training Market Forecast: Breakup by Soft Skill Type (in Million US$), 2021-2026
Table 3: Global: Soft Skills Training Market Forecast: Breakup by Channel Provider (in Million US$), 2021-2026
Table 4: Global: Soft Skills Training Market Forecast: Breakup by Sourcing (in Million US$), 2021-2026
Table 5: Global: Soft Skills Training Market Forecast: Breakup by Delivery Mode (in Million US$), 2021-2026
Table 6: Global: Soft Skills Training Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 7: Global: Soft Skills Training Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Soft Skills Training Market Structure
Table 9: Global: Soft Skills Training Market: Key Players