Soft Skills Training Market: Key Drivers and Segmentation

Market Insights to Drive Recovery from COVID-19

Technavio’s Soft Skills Training Market is set to grow by USD 14.9 billion, and the market will progress at a CAGR of over 11% till 2024. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects of the market in focus.

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Soft Skills Training Market: Key Market Drivers

Technavio has identified  emergence of cost -effective e-learning training modules as one of the key factors that will drive this market. The challenges created by the out-break of the pandemic will also drive the need for soft-skill training solutions to maintain employee engagement and productivity. This factor will also contribute significantly to market growth. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Soft Skills Training Market: Segments and Geographical Regions

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Soft Skills Training Market is segmented by End-user (Corporate and Academic) and Geography (North America, Europe, APAC, South America, and MEA). Request our Free Sample Report

Soft Skills Training Market: Articulate Global Inc., Computer Generated Solutions Inc., Coursera Inc., D2L Corp., edX Inc., NIIT Ltd., Pearson Plc, Skillsoft Ltd., Udemy Inc., and Wilson Learning Worldwide Inc. are some of the leading competitors

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Marke players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  Articulate Global Inc., Computer Generated Solutions Inc., Coursera Inc., D2L Corp., edX Inc., NIIT Ltd., Pearson Plc, Skillsoft Ltd., Udemy Inc., and Wilson Learning Worldwide Inc. are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolio.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of over 11%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 14.9 bn through 2020-2024.
    
3. What is a key factor driving this market?
   Emergence of cost -effective e-learning training modules will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   44% growth will originate from North America
    
6. Who are the leading market vendors?
   The leading vendors in this market are Articulate Global Inc., Computer Generated Solutions Inc., Coursera Inc., D2L Corp., edX Inc., NIIT Ltd., Pearson Plc, Skillsoft Ltd., Udemy Inc., and Wilson Learning Worldwide Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by End-user (Corporate and Academic) and Geography (North America, Europe, APAC, South America, and MEA)

Soft Skills Training Market Size to Grow by $ 14.9 bn During 2020-2024

Technavio has been monitoring the soft skills training market and it is expected to grow by $ 14.9 bn, accelerating at a CAGR of almost 11% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Soft Skills Training Market: North America to lead market growth during the forecast period

• 44% of the market growth will originate from North America during the forecast period.
• Outbreak of COVID-19 globally will be a key trend that will influence market growth as people need to acquire the skills to work productively through a remote setup devoid of face-to-face interaction. .
• The Emergence of cost -effective e-learning training modules will be a significant factor in driving the growth of the soft skills training market.

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Soft Skills Training Market: Key Highlights of the Report for 2020-2024

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive soft skills training market growth during the next five years
• Precise estimation of the soft skills training market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the soft skills training market industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of soft skills training market vendors