Soft skills training market size to grow by USD 119.22 billion between 2022 and 2027; Growth opportunities led by Articulate Global Inc., Computer Generated Solutions Inc. among others - Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The global soft skills training market will witness an incremental growth of USD 119.22 billion between 2022 and 2027, accelerating at a CAGR of 34.62% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. International vendors are expanding their footprint in the market, while regional vendors are finding it difficult to compete with them, especially on features such as quality, technology, and pricing. 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 are among some of the major market participants. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment, historic & forecast 2017 to 2021, 2022 to 2027, USD billion Request a PDF Report Sample 

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Soft Skills Training Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The soft skills training market report covers the following areas:

• Soft Skills Training Market Size
• Soft Skills Training Market Trends
• Soft Skills Training Market Industry Analysis

Soft Skills Training Market 2023-2027: Segmentation

The soft skills training market is segmented as below:

• End-user 
• Corporate
• Academic

Corporate end-users will exhibit significant demand for soft skill training during the forecast period. The increase in the number of corporate companies has created the need for the development of soft skills among most organizations. In addition, the growing need for training new employees as well as existing employees at the mid-level and senior management levels is fueling the growth of the segment.

• Delivery Mode
• Offline
• Online

The offline delivery mode accounted for significant market growth in 2022. In the offline learning mode, the training is more learner-centric. In addition, the presence of an expert to answer questions instantly and validate learner understanding of the subject is driving the growth of the segment.

• Geography 
• North America
• Europe
• APAC
• South America
• Middle East and Africa

North America will account for 35% of the market growth during the forecast period. The region is home to many global leaders in digital technology. In addition, increasing job opportunities in industries such as IT, banking, and healthcare is driving the growth of the soft skills training market in North America.

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Soft Skills Training Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist soft skills training market growth during the next five years
• Estimation of the soft skills training market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the soft skills training market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of soft skills training market vendors

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Related Reports:

• The corporate blended learning market is estimated to grow at a CAGR of 12.68% between 2022 and 2027 and the size of the market is forecast to increase by USD 36,284.86 million. The rising demand for microlearning is notably driving the market growth, although factors such as a lack of effective assessment of training and needs may impede the market growth.
• The corporate e-learning market is estimated to grow/decline at a CAGR of 12.19% between 2022 and 2027 and size of the market is forecast to increase by USD 44,908.64. The innovative features and user interfaces are notably driving the market growth, although complexities in designing e-learning courses may impede the market growth.

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Table of Contents:

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 provides 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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