the emergence of cost-effective e-learning training modules is driving the Soft Skills Training Market
Technavio analyzes that the Soft Skills Training Market is expected to grow at a CAGR of 50.98% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 315.6 billion.There are various factors that contribute to the growth of the market. The e-learning industry has seen a significant surge in the development and adoption of cost-effective soft skills training modules. These digital solutions offer a flexible and accessible alternative to traditional in-person training, enabling professionals to enhance their interpersonal and communication abilities at their own pace and convenience. Employers also benefit from the cost savings and scalability of e-learning platforms, making it an increasingly popular choice for workforce development.
In the current business landscape, soft skills training holds significant importance for corporate organizations, with the market exhibiting steady growth during the forecast period. As companies expand and the employment landscape evolves, senior managers and HR departments prioritize the development of soft skills among employees to enhance operational efficiency. However, with varying industry-specific requirements and a lack of awareness regarding the precise type of training needed, vendors offering soft skills integration into leadership, industry-specific, management, and compliance training programs hold a competitive edge in the market over stand-alone providers. Cross-cultural competence, negotiation, problem-solving, and adapting to automation and algorithms are essential soft skills that organizations seek to address the evolving employment landscape.
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Soft Skills Training Market Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Soft Skills Training market encompasses various human skills, including interpersonal attributes such as communication, empathy, and emotional intelligence. Other essential skills include time management, creativity, critical thinking, cross-cultural communication, adaptability, and a growth mindset. With the rise of remote work models, there is a growing demand for virtual communication skills, self-discipline, and high-speed internet. Skillsoft Corporation and other online training platforms offer a wide range of courses in these areas, utilizing video-based learning technology and artificial intelligence to enhance employee productivity. Ideal candidates for soft skills training are those seeking to improve their ability to work effectively in diverse teams and environments.
In the realm of the education services market, soft skills training holds significant value for businesses seeking to enhance interpersonal attributes, communication, empathy, time management, emotional intelligence, and cross-cultural communication among their workforce. Pitching and profiling operations are crucial in this sector, enabling firms to comprehend industry trends and client needs, thereby proposing tailored solutions that offer superior value propositions. Simultaneously, resourcing and communicating operations optimize workflows by effectively managing projects, planning resources, and fostering superior client engagement and communication. These strategies ultimately boost the likelihood of positive value perceptions and client satisfaction.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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