Businesses globally are intensively investing towards soft skills training. Soft skills have been regarded as one of the most essential criteria in screening and employment of skilled and semi-skilled personnel in the majority of the big corporations, globally. Moreover, enterprises which have invested in training and upgrading of their employee’s soft skills have reported a manifold increase in their revenue. In one of the instances it was reported that soft skills training, which was conducted across five different factories over a period of 12 months, led to 250% return on investment (ROI). The soft skills training program majorly comprised decision making and problem solving skills, which aided in enhancing productivity and improving employee attendance. Learning technology has revolutionized the education and training ecosystem. Online interactive learning and video-based microlearning, which enabled the trainees to simultaneously practice the skills in real-life?situations? are recognized among the effective ways to conduct complex soft skills training. The flexibility and convenience associated with online mode of soft skills training is influencing the growth of the global online soft skills training market. Online on-demand soft skills training, when combined with on-the-job coaching have shown significant results in training programs among candidates in an enterprise. Rapid penetration of internet connectivity across regions and countries, globally is further supplementing the growth of the global online soft skills training market.
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The covid-19 pandemic has shown the grey-side for employment opportunities, globally. A large number of companies had to reduce their human resources or completely shut down their operations due to lack of sufficient funds. Individuals are increasingly opting for specialized soft-skills which enhances their chances of employment. Given the lockdown restrictions imposed by government bodies to inhibit the spread of the coronavirus, digital mediums have emerged as the sole best alternative for users. In one of the surveys, it was reported that more than 80% of the training programs have been shifted to online channels, which has not revealed any major deviation from in-person or classroom-based learning modules, in terms of learning efficiency. Amidst the pandemic, soft skills training through online mode has gained increased acceptance and significance across millennial and enterprises alike, which showcases substantial growth opportunities for the global online soft skills training market over the forecast period.
The global online soft skills training market is expected to grow at a CAGR of more than 14% during the forecast years (2021-2029).
The detailed research study provides qualitative and quantitative analysis of online soft skills training market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Key Findings of the Report:
- Communication and interpersonal skills are gaining popularity and indicate potential growth opportunity for the global online soft skills training market over the period of next eight years.
- Enterprises captured a prominent share in the global online soft skills training market in 2020. Increasing investments by small and medium enterprises is estimated to contribute towards its growth over the forecast period.
- North America held the highest share in the global online soft skills training market in 2020. United States, which is the headquarters for some of the most prominent service providers, dominated the region with the highest market share in the same year.
- Some of the major players operating in the global online soft skills training market are Coursera Inc. D2L Corporation, edX Inc. GoSkills Ltd. KnowledgeHut, Pearson Plc, ServiceSkills, SGS SA, Soft Skills Training Group LLC and Udemy, Inc. amongst others.
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Global Online Soft Skills Training Market:
- By Services
- Interpersonal Skills
- Communication Skills
- Teamwork And Adaptability
- Others
- By End User
- Individuals
- Government Agencies
- Corporate
- Large Enterprises
- Small And Medium Enterprises
- Non Profit Organizations
- By Business Model
- Freemium
- Paid
- By Region:
- North America
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- U.S.
- Canada
- Mexico
- Rest of North America
-
- Europe
-
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
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- Asia Pacific
-
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
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- Middle East & Africa
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- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
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- Latin America
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- Brazil
- Argentina
- Rest of Latin America
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