Market Overview:
The global soft skills training market size reached US$ 23.64 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.16 Billion by 2027, exhibiting at a CAGR of 12.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are 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 training helps focus on enhancing skills, such as communication, critical thinking, time management, problem-solving, positive attitude, emotional intelligence, and teamwork. It assists employees in developing favorable personality traits and navigating the professional environment to attain personal and business objectives. Besides this, it aids in improving customer service, sales, employee retention, and the overall productivity of employees.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Soft Skills Training Market Trends:
Rapid urbanization and the rising requirement to reduce the skill gap among employees represent one of the key factors positively influencing the market. In addition, various leading companies are focusing on delivering high-quality training modules for faster achievement of goals. Along with this, new employees are enrolled in soft skills training programs to inculcate the skills of delegation, cohesiveness, and collaboration, which is creating a positive outlook for the market. Additionally, as individuals are focusing on learning soft skills to grab better professional opportunities, they are increasingly spending on digital learning programs to attain these skills. In line with this, the incorporation of these training programs in academics as a part of the curriculum to offer lucrative opportunities is also accelerating the market growth. Furthermore, the rising trend of digitization and the large-scale integration of soft skills training programs with advanced technologies, such as cloud computing, artificial intelligence (AI), and virtual reality (VR), is propelling the market growth. This can also be attributed to these technologies offering repeatable and reusable content, along with their ability to identify and cater to the specific requirements of individuals.
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 and regional level from 2022-2027. 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:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Management and Leadership
- Administration and Secretarial
- Communication and Productivity
- Personal Development
- Teamwork
- Others
Communication and productivity represent the largest soft skill type as they help develop quality client and employee relationship and keep employees engaged and productive.
Breakup by Channel Provider:
- Corporate/ Enterprise
- Academic/ Education
- Government
The corporate/enterprise segment presently dominates the market due to the rising awareness among companies about the importance of soft skills among employees.
Breakup by Sourcing:
Outsourced soft skills training currently holds the largest market share as it enables companies to broaden their access to untapped skills, which are beneficial for both the organization and employees.
Breakup by Delivery Mode:
The offline mode of delivering soft skills training accounts for the majority of the global soft skills training market share as it is an active learning method wherein trainees can directly interact with the trainers.
Breakup by End Use Industry:
- BFSI
- Hospitality
- Healthcare
- Retail
- Media and Entertainment
- Others
The BFSI industry presently dominates the market as effective training solutions help bank employees in marketing their services and products effectively and efficiently.
Breakup by Region:
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- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
North America exhibits a clear dominance in the market on account of the expansion of the corporate sector and the escalating demand for soft skills training in organizations to drive the productivity of employees.
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Soft Skill Type, Channel Provider, Sourcing, Delivery Mode, End Use Industry, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| 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 and Skillsoft Corporation |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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$), 2016-2021
Figure 3: Global: Soft Skills Training Market: Breakup by Soft Skill Type (in %), 2021
Figure 4: Global: Soft Skills Training Market: Breakup by Channel Provider (in %), 2021
Figure 5: Global: Soft Skills Training Market: Breakup by Sourcing (in %), 2021
Figure 6: Global: Soft Skills Training Market: Breakup by Delivery Mode (in %), 2021
Figure 7: Global: Soft Skills Training Market: Breakup by End Use Industry (in %), 2021
Figure 8: Global: Soft Skills Training Market: Breakup by Region (in %), 2021
Figure 9: Global: Soft Skills Training Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Soft Skills Training (Management and Leadership) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Soft Skills Training (Management and Leadership) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Soft Skills Training (Administration and Secretarial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Soft Skills Training (Administration and Secretarial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Soft Skills Training (Communication and Productivity) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Soft Skills Training (Communication and Productivity) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Soft Skills Training (Personal Development) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Soft Skills Training (Personal Development) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Soft Skills Training (Teamwork) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Soft Skills Training (Teamwork) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Soft Skills Training (Other Skill Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Soft Skills Training (Other Skill Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Soft Skills Training (Corporate/ Enterprise) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Soft Skills Training (Corporate/ Enterprise) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Soft Skills Training (Academic/ Education) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Soft Skills Training (Academic/ Education) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Soft Skills Training (Government) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Soft Skills Training (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Soft Skills Training (In-house) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Soft Skills Training (In-house) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Soft Skills Training (Outsourced) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Soft Skills Training (Outsourced) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Soft Skills Training (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Soft Skills Training (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Soft Skills Training (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Soft Skills Training (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Soft Skills Training (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Soft Skills Training (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Soft Skills Training (Hospitality) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Soft Skills Training (Hospitality) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Soft Skills Training (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Soft Skills Training (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Global: Soft Skills Training (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Global: Soft Skills Training (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Global: Soft Skills Training (Media and Entertainment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Soft Skills Training (Media and Entertainment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Soft Skills Training (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Soft Skills Training (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: North America: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: North America: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: United States: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: United States: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Canada: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Canada: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Asia Pacific: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Asia Pacific: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: China: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: China: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Japan: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Japan: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: India: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: India: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: South Korea: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: South Korea: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Australia: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Australia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Indonesia: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Indonesia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Europe: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Europe: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Germany: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Germany: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: France: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: France: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: United Kingdom: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: United Kingdom: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Italy: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Italy: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Spain: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Spain: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Russia: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Russia: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Latin America: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Latin America: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Brazil: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 89: Brazil: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Mexico: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 91: Mexico: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 92: Others: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 93: Others: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 94: Middle East and Africa: Soft Skills Training Market: Sales Value (in Million US$), 2016 & 2021
Figure 95: Middle East and Africa: Soft Skills Training Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Soft Skills Training Market Forecast: Breakup by Soft Skill Type (in Million US$), 2022-2027
Table 3: Global: Soft Skills Training Market Forecast: Breakup by Channel Provider (in Million US$), 2022-2027
Table 4: Global: Soft Skills Training Market Forecast: Breakup by Sourcing (in Million US$), 2022-2027
Table 5: Global: Soft Skills Training Market Forecast: Breakup by Delivery Mode (in Million US$), 2022-2027
Table 6: Global: Soft Skills Training Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 7: Global: Soft Skills Training Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Soft Skills Training Market Structure
Table 9: Global: Soft Skills Training Market: Key Players