Global Soft Skills Training Market 2015-2019 - New Study Released

From: Fast Market Research, Inc.
Published: Sun Aug 30 2015

Soft skills can be broadly categorized into three: character, interpersonal skills, and critical and creative thinking. In both academic and corporate environment, effective soft skills play a crucial role in enabling individuals communicate effectively, manage relationships, lead a team, and solve problems. Therefore, apart from training students and employees in technical skills, organizations and educational institutions also focus on imparting soft skills. Demand for this type of training is higher in the corporate sector than the academic sector. Intensified competition has pushed organizations into diversifying their business regionally and internationally, increasing the need for proper training and development of their workforce.

Technavio's analysts forecast the global soft skills training market to grow at a CAGR of 9.86% in terms of revenue over the period 2014-2019.

Commenting on the report, an analyst from Technavio's team said: "Companies today are expanding their businesses worldwide and confronting global as well as regional competition. In order to do this, companies look for the best candidates with all the essential skills. This has led to enthusiasm among students to become a full package, equipped with both hard and soft skills."

According to the report, with the advent of online training solutions, it has become easy to train geographically diversified teams. There are also new and advanced solutions for classroom training providers. Organizations worldwide are showing a trend toward offering blended training sessions. Increased corporate spending on training is another major trend in the market.

Further, the report states that the inability to evaluate the effectiveness of soft skills training programs in line with technical training is a significant challenge in this market. There is no method of evaluating the effectiveness of training programs. Companies and educational institutions use training programs to streamline their strategic business goals alongside skill development.

The key players in the Global Soft Skills Training Market are American Management Association, Pearson, Skillsoft, and Vitalsmarts while other prominent vendors include Articulate, Computer Generated Solutions, Desire2Learn, Global Training Solutions, Interaction Associates, New Horizons Worldwide, NIIT, Wilson Learning Worldwide

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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