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Soft Skills Training Market is estimated to surpass $46.5 billion at CAGR of more than 5.9% – IndustryARC

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Soft Skills Training Market is estimated to surpass $46.5 billion at CAGR of more than 5.9% – IndustryARC

September 20
01:22 2022
Soft Skills Training Market is estimated to surpass $46.5 billion at CAGR of more than 5.9% - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Soft Skills Training Market is estimated to surpass $46.5 billion mark by 2026 growing at an estimated CAGR of more than 5.9% during the forecast period 2021 to 2026.

Soft Skills Training Market is estimated to surpass $46.5 billion mark by 2026 growing at an estimated CAGR of more than 5.9% during the forecast period 2021 to 2026. The rising costs of instructor-led, classroom-based training is one factor in the increased use of e-Learning. The market is driven by the rising demand for Collaborative Learning Platforms. Also, the need for continuous, life-long learning has gradually driven its growth. Soft Skills Training has become essential nowadays with the growing corporate culture. They play a crucial role of enabling individuals to communicate effectively, manage relationships, solve a problem and lead a team. The market for soft skills originated due to need for these essential skills being imparted in the individuals working in coordination with co-staff.

Competitive Landscape:

The top 5 players in the Soft Skills Training industry are –

1. BM Training

2. I-Cap Business Solutions

3. Examready

4. CSIR

5. Corporate Training

 

Interested in knowing more relevant information? Click here:

 https://www.industryarc.com/pdfdownload.php?id=18702

 

Segmental Analysis:

1. Training at work is considered essential in order to build work-related competencies and helps workers cope with change. People must now increasingly upgrade their skills throughout their adult lives beyond the initial learning gained through school and tertiary study. 

2. North American region dominated the global Soft Skills Training market with a share of over 37% in 2020. This hefty market share is attributed to the advanced technological innovations in the e-learning services and tools.

3. Employees and corporations dominate the end-user segment as a result of significant budgetary and personal spend on soft skills training. 

 

Report Coverage

Report Attributes

Details

By Type

Character Skills, Interpersonal Skills, Critical and Creative Skills

 

By Traning Provider

 

Corporate, Academic, Private, Freelancers

 

By End User

Student, Employees, Corporations

 

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

 https://www.industryarc.com/reports/request-quote?id=18702

 

Market Drivers and Challenges:

1. Rise of Video-Based Learning : Video-based e-learning is emerging as one of the most functional forms of learning. The integration of videos in the learning process, both uploaded and streamed, is the consequence of advancement in high-speed internet networks

2. Utilization of AI in Soft Skills Training : Artificial intelligence is paving its way into Soft Skills training solutions. Service providers are relying on bots that guide learners through the software.

3. Budgetary Concerns Limiting Soft Skills Training : The major challenge for the growth of the Soft Skills training market is regarding cost issues. Despite of its deployment in various industries such as healthcare, IT and Professional Services, However, Soft Skills training solutions are often too generalized and expensive for deployment in these sectors. 

 

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

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