Europe Soft Skills Training Market to Reach US$ 21,273.5 Million by 2032, Impelled by Rising Need for Holistic Development of Employees

March 10, 2022 | Technology & Media

According to the latest report by IMARC Group, titled "Europe Soft Skills Training Market Report by Soft Skill Type (Management and Leadership, Administration and Secretarial, Communication and Productivity, Personal Development, Teamwork, and Others), Channel Provider (Corporate/ Enterprise, Academic/ Education, Government), Sourcing (In-house, Outsourced), Delivery Mode (Online, Offline), End Use Industry (BFSI, Hospitality, Healthcare, Retail, Media and Entertainment, and Others), and Country 2024-2032," the Europe soft skills training market reached a value of US$ 8,335.9 Million in 2023. Soft skills training is mainly designed for improving thesocial and emotional intelligence, communication skills and personality of working professionals. It is generally undertaken to learn about managing relationships and communicating efficientlyin a business environment. Additionally, it aids in enhancing various skillsets, such as conflict resolution and negotiating skills, cognitive flexibility, diligence and cohesiveness and critical thinking and creativity, that are vital for accomplishing long- and short-term personal and professional objectives. As a result, it helps businesses in optimizing workflow, establishing stronger teams and efficiency, improving employee retention and profit maximization.

Europe Soft Skills Training Market Trends:

The market in Europe is primarily driven by the increasing focus on the holistic development of working professionals. This is supported by the rising adoption of soft skill training programs for newly recruited employees. In line with this,the intensive business competition and increasing expansion activities have led multiple organizations to adopt training programs for employees, which is providing a boost to the market growth. Moreover,multiple educational institutions and universities are incorporating these training modules in their curriculumsin order to create lucrative job opportunities, thereby creating a positive outlook for the market.Additionally, multiple enterprises are utilizing social media platforms for providing soft skills training to their employees, which is gaining widespread prominence across the region. Furthermore, continual technological advancements and the integration of cloud computing with training platforms are further propelling the market growth. Other factors, including the rising adoption of online learning tools, such as online expert communities and internal employee blogs, and the advent of cost-effective e-learning training modules, are further contributing to the market growth across Europe. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 21,273.5 Million by 2032, growing at a CAGR of 10.6% during 2024-2032. 

Market Summary:

  • On the basis of the soft skill type, the market has been segmented into management and leadership, administration and secretarial, communication and productivity, personal development, teamwork and others.
  • Based on the channel provider, the market has been segregated into corporate/enterprise, academic/education and government.
  • On the basis of the sourcing, the market has been bifurcated into in-house and outsourced.
  • Based on the delivery mode, the market has been classified into online and offline.
  • On the basis of the end-use industry, the market has been categorized into BFSI, hospitality, healthcare, retail, media and entertainment and others.
  • Based on the region, the market has been divided into Germany, France, the United Kingdom, Italy, Spain and others.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Soft Skill Type, Channel Provider, Sourcing, Delivery Mode, End Use Industry, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Europe Soft Skills Training Market to Reach US$ 21,273.5 Million by 2032, Impelled by Rising Need for Holistic Development of Employees
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