Soft skills training market to grow by 32.26% Y-O-Y from 2022 to 2023: Emergence of cost-effective e-learning training modules will drive Growth - Technavio

Soft skills training market insights -

Technavio has announced its latest market research report titled Global Soft Skills Training Market 2023-2027
Technavio has announced its latest market research report titled Global Soft Skills Training Market 2023-2027
Vendors: 15+, Including Articulate Global Inc., Computer Generated Solutions Inc., CoreAxis, Coursera Inc., Crucial Learning, D2L Corp., edX LLC, Global Training Solutions Inc., GoSkills Ltd., Health and Safety Institute Inc., Interaction Associates Inc., MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd, SGS SA, Skillsoft Corp., Udacity Inc., Udemy Inc., Wilson Learning Worldwide Inc., and Pearson Plc, among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Delivery mode, end-user, and region
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The soft skills training market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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In 2017, the soft skills training market was valued at USD 11.86 billion. From a regional perspective, North America held the largest market share, valued at USD 5.62 billion. The soft skills training market size is estimated to grow by USD 119.22 billion from 2022 to 2027 at a CAGR of 34.62%, according to Technavio.

Soft skills training market - Customer landscape

To help companies evaluate and develop growth strategies, the report outlines -

Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
For highlights on customer landscape analysis, download a sample!
Soft skills training market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as an increase in service extensions, technological innovations, and M&A. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

Articulate Global Inc. - The company offers soft skills training such as Rise 360.
Computer Generated Solutions Inc. - The company offers soft skills training such as instructor-led training
Coursera Inc. - The company offers soft skills training such as communication, critical thinking, and problem-solving
Soft skills training market - Market dynamics

Major drivers:

Emergence of cost-effective e-learning training modules
Rising benefits of soft skills training
Expanding SMB sector
Key challenges:

Limited demand from developing economies
Lack of effective metrics
Poor completion rates of soft skill learning courses
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this soft skills training market report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the soft skills training market between 2023 and 2027
Precise estimation of the size of the soft skills training market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the soft skills training market industry across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of soft skills training market vendors
Related reports:

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The corporate compliance training market size is estimated to grow by USD 2.36 billion during the forecast period 2021 to 2026. The market is segmented by type (online and blended) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
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Soft Skills Training Market Scope

Report Coverage

Details

Page number

164

Base year

2022

Historical year

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 34.62%

Market growth 2023-2027

USD 119.22 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

32.26

Regional analysis

APAC, North America, Europe, South America, and the Middle East and Africa

Performing market contribution

North America at 35%

Key countries

US, Canada, Japan, Germany, and UK

Competitive landscape

Leading companies, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Articulate Global Inc., Computer Generated Solutions Inc., CoreAxis, Coursera Inc., Crucial Learning, D2L Corp., edX LLC, Global Training Solutions Inc., GoSkills Ltd., Health and Safety Institute Inc., Interaction Associates Inc., MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd, SGS SA, Skillsoft Corp., Udacity Inc., Udemy Inc., Wilson Learning Worldwide Inc., and Pearson Plc

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's Consumer Discretionary Market Reports

Table of Content

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Delivery Mode
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size

4.1 Global soft skills training market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global soft skills training market 2017 - 2021 ($ billion)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 ($ billion)
4.3 By Delivery Mode Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - By Delivery Mode Segment 2017 - 2021 ($ billion)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Corporate - Market size and forecast 2022-2027
Exhibit 34: Chart on Corporate - Market size and forecast 2022-2027 ($ billion)
Exhibit 35: Data Table on Corporate - Market size and forecast 2022-2027 ($ billion)
Exhibit 36: Chart on Corporate - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Corporate - Year-over-year growth 2022-2027 (%)
6.4 Academic - Market size and forecast 2022-2027
Exhibit 38: Chart on Academic - Market size and forecast 2022-2027 ($ billion)
Exhibit 39: Data Table on Academic - Market size and forecast 2022-2027 ($ billion)
Exhibit 40: Chart on Academic - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Academic - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by End-user
Exhibit 42: Market opportunity by End-user ($ billion)
7 Market Segmentation by Delivery Mode

7.1 Market segments
Exhibit 43: Chart on Delivery Mode - Market share 2022-2027 (%)
Exhibit 44: Data Table on Delivery Mode - Market share 2022-2027 (%)
7.2 Comparison by Delivery Mode
Exhibit 45: Chart on Comparison by Delivery Mode
Exhibit 46: Data Table on Comparison by Delivery Mode
7.3 Offline - Market size and forecast 2022-2027
Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)
7.4 Online - Market size and forecast 2022-2027
Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Delivery Mode
Exhibit 55: Market opportunity by Delivery Mode ($ billion)
8 Customer Landscape

8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2022-2027
Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 APAC - Market size and forecast 2022-2027
Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 US - Market size and forecast 2022-2027
Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
9.9 Germany - Market size and forecast 2022-2027
Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.10 UK - Market size and forecast 2022-2027
Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.11 Japan - Market size and forecast 2022-2027
Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.12 Canada - Market size and forecast 2022-2027
Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis

12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 Articulate Global Inc.
Exhibit 108: Articulate Global Inc. - Overview
Exhibit 109: Articulate Global Inc. - Product / Service
Exhibit 110: Articulate Global Inc. - Key offerings
12.4 Computer Generated Solutions Inc.
Exhibit 111: Computer Generated Solutions Inc. - Overview
Exhibit 112: Computer Generated Solutions Inc. - Product / Service
Exhibit 113: Computer Generated Solutions Inc. - Key offerings
12.5 Coursera Inc.
Exhibit 114: Coursera Inc. - Overview
Exhibit 115: Coursera Inc. - Business segments
Exhibit 116: Coursera Inc. - Key news
Exhibit 117: Coursera Inc. - Key offerings
Exhibit 118: Coursera Inc. - Segment focus
12.6 Crucial Learning
Exhibit 119: Crucial Learning - Overview
Exhibit 120: Crucial Learning - Product / Service
Exhibit 121: Crucial Learning - Key offerings
12.7 D2L Corp.
Exhibit 122: D2L Corp. - Overview
Exhibit 123: D2L Corp. - Product / Service
Exhibit 124: D2L Corp. - Key news
Exhibit 125: D2L Corp. - Key offerings
12.8 edX LLC
Exhibit 126: edX LLC - Overview
Exhibit 127: edX LLC - Product / Service
Exhibit 128: edX LLC - Key offerings
12.9 Global Training Solutions Inc.
Exhibit 129: Global Training Solutions Inc. - Overview
Exhibit 130: Global Training Solutions Inc. - Product / Service
Exhibit 131: Global Training Solutions Inc. - Key offerings
12.10 Health and Safety Institute Inc.
Exhibit 132: Health and Safety Institute Inc. - Overview
Exhibit 133: Health and Safety Institute Inc. - Product / Service
Exhibit 134: Health and Safety Institute Inc. - Key offerings
12.11 MPS Ltd.
Exhibit 135: MPS Ltd. - Overview
Exhibit 136: MPS Ltd. - Product / Service
Exhibit 137: MPS Ltd. - Key offerings
12.12 NIIT Ltd
Exhibit 138: NIIT Ltd - Overview
Exhibit 139: NIIT Ltd - Product / Service
Exhibit 140: NIIT Ltd - Key news
Exhibit 141: NIIT Ltd - Key offerings
12.13 Pearson Plc
Exhibit 142: Pearson Plc - Overview
Exhibit 143: Pearson Plc - Business segments
Exhibit 144: Pearson Plc - Key news
Exhibit 145: Pearson Plc - Key offerings
Exhibit 146: Pearson Plc - Segment focus
12.14 SGS SA
Exhibit 147: SGS SA - Overview
Exhibit 148: SGS SA - Business segments
Exhibit 149: SGS SA - Key offerings
Exhibit 150: SGS SA - Segment focus
12.15 Skillsoft Corp.
Exhibit 151: Skillsoft Corp. - Overview
Exhibit 152: Skillsoft Corp. - Business segments
Exhibit 153: Skillsoft Corp. - Key offerings
Exhibit 154: Skillsoft Corp. - Segment focus
12.16 Udacity Inc.
Exhibit 155: Udacity Inc. - Overview
Exhibit 156: Udacity Inc. - Product / Service
Exhibit 157: Udacity Inc. - Key news
Exhibit 158: Udacity Inc. - Key offerings
12.17 Udemy Inc.
Exhibit 159: Udemy Inc. - Overview
Exhibit 160: Udemy Inc. - Product / Service
Exhibit 161: Udemy Inc. - Key news
Exhibit 162: Udemy Inc. - Key offerings
13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

SOURCE Prnewswire

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

This release was published on openPR.