Press Release

Soft Skill Training Market to Bloom Amidst Shifting Workforce Attributes

The Global Soft Skill Training Market is projected to grow at a CAGR of 12.54% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The primary driver of this market expansion is the growing recognition of the pivotal role soft skills play in fostering effective communication, collaboration, and adaptability. Organizations operating in a globalized market and the increasing need to engage with diverse audiences & navigate cultural differences have increased the need for cross-cultural communication and empathy training.

Moreover, the industry is also expanding as a result of automation, the rapid advancement of technology, and the increased value placed on human-specific abilities like creativity, critical thinking, and emotional intelligence. Thus, these elements encourage businesses to spend money giving their employees these invaluable traits. Additionally, the rapid shift to remote & hybrid work models has also raised demand for soft skills training as these models require strong virtual communication skills & self-discipline, which promotes market growth, further states the research report, “Global Soft Skill Training Analysis, 2024.”

Global Soft Skill Training Market Segmentation Analysis

Communication & Productivity Segment to Seize Significant Market Share

Based on the soft skill type segment, the market is further bifurcated into management & leadership, administration and secretarial, communication & productivity, personal development, teamwork, and others (networking skills, intercultural competence, etc.). Among them, Communication & Productivity segment is predicted to capture substantial share of the Soft Skills Traning Market during 2024-30.

Communication is the skill of getting ideas, facts, and sentiments over to other people efficiently and effectively. On the other hand, productivity is the ability to efficiently allocate resources and tasks to achieve predefined goals. Productivity and communication are connected aspects that impact sales in the soft skills training sector. Effective communication leads to increased team cohesion, fewer misunderstandings, and greater collaboration—all of which boost overall productivity.

North America to Outperform Other Regional Countries

The North American region is anticipated to grab the highest share of the Soft Skills Training Market during the coming years. Effective interpersonal skills are becoming increasingly important across the world, and businesses over the board in North America are recognizing the value of soft skills in fostering collaboration, innovation, and customer engagement. Moreover, the area's emphasis on professional growth & worker satisfaction aligns with the need for all-encompassing skill enhancement.

North American businesses extensively invest in soft skills training to give their staff members the flexibility, leadership, and communication abilities required to succeed in the global marketplace. Hence, due to the proactive cooperation of businesses, academic institutions, and government efforts targeted at closing the skills gap & satisfying labor demands, the North America Soft Skills Training Market is growing significantly.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Articulate Global Inc., Cengage Learning Inc., D2L Corporation, Edx LLC, New Horizons Worldwide LLC, NIIT Group, Spectrum Network, QA Limited, Skill Soft Corporation,TATA Consultancy Services Limited, Retorio GmbH, ExcelR, Centum Learning, and Others, are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the North America Soft Skills Training Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?