Global Soft Skills Management Market Pegged to Be Worth US$ 33,736.1 Mn by the End of 2026

Published on : Aug 03, 2018

Albany, New York, August 3, 2018: In today’s workforce, ‘soft skills’ have become more and more esteemed by employers. It has been well-identified that demand for higher education is increasing globally which is captivating students to enroll in soft skills training programs, thus supporting the growth of the market. Market Research Hub (MRH) has freshly announced the accumulation of a study titled “Soft Skills Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026” to its massive repository, which encapsulates vital details about the global market covering valuable insights into its current performance trends and how it will fare in the future.

This 221-page comprehensive report contains an executive summary that shares key information about the global soft skills management market including market size, market value in USD and market value share. The market overview section of the report showcases the market dynamics and trends such as the drivers, restraints, and opportunities that affect the current nature and future status of this market. According to the research evaluations, soft skills management is poised to reach a value of US$ 33,736.1 Mn by 2026, recording a CAGR of 11.9% throughout the forecast 2018-2026.

Major Insights from the Report

It is important to note that the global soft skills management market is majorly driven by rising awareness and adoption of skill development training courses. Presently, corporates are emphasizing on optimizing business operations and enhancing productivity by employing highly skilled candidates. They offer training to employees to make them aware of new technologies and advancements taking place all over the world.

According to the report, the global soft skills management market will continue to be influenced by a range of macroeconomic and industry-specific factors. A vital section covering market segmentation has been analyzed in the study which reflects the market scenario in a precise manner. The market has been segmented on the basis of soft skill type, delivery mode, end-use industry, and provider. By skill type, the study covers management & leadership, communication & productivity, administration & secretarial and personal development. On the basis of end-use, the study covers BFSI, education, media & entertainment, manufacturing, it & telecom, hospitality, retail and others. Of these, IT & Telecom experience a huge demand for employees who are well trained and aware of soft skills. By provider, the study covers Corporate/ Enterprise, and Academic/ Education.

From a geographical standpoint, analysts find that North America is expected to hold a major share in the soft skills management market. This particular growth is attributed to strong adoption soft skills management courses, as well as the presence of large number of high-quality soft skills service providers in the region.

At last, the report comprises a detailed company profiles section including a synopsis of the key players functioning in the global soft skills management market. They are Cengage Learning, Inc, Computer Generated Solutions, Inc., Global Training Solutions, Inc., Articulate Global, Inc., D2L Corporation, edX, Inc., Interaction Associates, Inc., Skillsoft Corporation, QA Ltd., New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, Skill Key Interactive, LLC, Tata Interactive Systems, The Insights Group Ltd., VitalSmarts, and Wilson Learning Worldwide.

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