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The latest report by IMARC, titled “ SoftSkillsTrainingMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast202 3-2028
” " the global soft skills training market size reached US$ 26.5 Billion in 2022.
Soft skills training refers to the development and enhancement of interpersonal skills that are essential for effective engagement in personal and professional settings. It includes communication, teamwork, cooperation, creativity, conflict resolution, emotional intelligence, delegation, problem-solving, logical reasoning, and strategic thinking skills. Soft skills training is widely used to train employees, managers, leaders, human resource (HR) professionals, students, teachers, entrepreneurs, and job seekers.
It improves team dynamics, boosts productivity, enhances leadership effectiveness, increases employability, and promotes positive work culture. Soft skills training also aids in enhancing customer satisfaction, building stronger relationships, improving retention rates, increasing employee engagement, and ensuring long-term professional success.
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The increasing demand for workplace competencies is one of the primary factors propelling the market growth. Soft skills training is widely used to develop strong interpersonal, communication, and problem-solving abilities in employers, which aids in increasing productivity, improving engagement, streamlining workflow, enhancing work ethics, ensuring better decision-making, and promoting a positive workplace environment. Furthermore, the growing cross-cultural collaboration, owing to the rapid globalization activities, is facilitating the demand for soft skills training to develop cultural competencies and empathy to effectively engage with colleagues and clients from different backgrounds. Additionally, the integration of machine learning (ML) and artificial intelligence (AI) technologies to provide personalized feedback, identify weaknesses, and develop customized training programs to suit an individual’s specific requirements is positively influencing the market growth. Besides this, the utilization of gamification techniques to promote active engagement, facilitate friendly competitions, and make the entire learning experience more effective and enjoyable is contributing to the market growth. Moreover, the widespread utilization of soft skills training in schools, universities, and other academic institutions to improve employability and prepare students for future career success is favoring the market growth. Other factors, including the increasing focus on customer satisfaction, emerging start-up culture, and the rising emphasis on employee well-being among organizations, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 53.1 Billion by 2028, exhibiting a CAGR of 12.4% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
SoftSkillTypeInsights:
• Management and Leadership
• Administration and Secretarial
• Communication and Productivity
• Personal Development
• Teamwork
• Others
ChannelProviderInsights:
• Corporate/Enterprise
• Academic/Education
• Government
SourcingInsights:
• In-house
• Outsourced
DeliveryModeInsights:
• Online
• Offline
EndUseIndustryInsights:
• BFSI
• Hospitality
• Healthcare
• Retail
• Media and Entertainment
• Others
RegionalInsights:
• 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
CompetitiveLandscapewithKeyPlayers:
• 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
ViewFullReportwithTOC&ListofFigure:https://www.imarcgroup.com/soft-skills-training-market
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