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The global soft skills training market was valued at US$ 23.64 Billion in 2021.
We expect the global soft skills training market to exhibit a CAGR of 12.3% during 2022-2027.
The increasing focus towards the holistic development of employees, along with the rising need for professional individuals with expert interpersonal and communicative skills, is primarily driving the global soft skills training market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of web-based platforms, for remote training of the working professionals to improve their critical thinking, enhance cognitive flexibility, and develop negotiating skills.
Based on the soft skill type, the global soft skills training market can be segmented into management and leadership, administration and secretarial, communication and productivity, personal development, teamwork, and others. Currently, communication and productivity skill holds the majority of the total market share.
Based on the channel provider, the global soft skills training market has been divided into corporate/ enterprise, academic/ education, and government. Among these, the corporate/enterprise segment currently exhibits a clear dominance in the market.
Based on the sourcing, the global soft skills training market can be categorized into in-house and outsourced. Currently, outsourced soft skills training accounts for the majority of the global market share.
Based on the delivery mode, the global soft skills training market has been segregated into online and offline, where offline mode currently holds the largest market share.
Based on the end use industry, the global soft skills training market can be bifurcated into BFSI, hospitality, healthcare, retail, media and entertainment, and others. Currently, the BFSI industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global soft skills training market include 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.
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