Soft Skills Management Market: Overview

The soft skills management market report provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies expected to play an influential role in the market’s growth over the forecast period. It also highlights the drivers, restraints, and opportunities for the analysis of market growth during the said period. The study provides a complete perspective on the global soft skills management market’s evolution throughout the above mentioned period in terms of revenue (US$ Mn).

The market overview section of the report demonstrates the market dynamics such as the drivers, restraints, and opportunities that influence the current nature and future statusof this market, key indicators, integration challenges, end-user adoption analysis and trends of the market. Further, key market indicators included in the report provide significance of the factors which are capable of changing the market scenario. These indicators are expected to define the market position during the forecast period and provide an overview about the global soft skills management market. Market attractiveness analysis has also been provided for every segment in the report, in order to provide a thorough understanding of the overall scenario in the soft skills management market. The report also provides an overview of various strategies adopted by key players present in the market.

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Furthermore, with the availability of new learning techniques, training institutions specifically in the higher education sector are focusing on the adoption of collaborative learning methods that allow students to develop a multi-dimensional skill set. Soft skills management is estimated to reach value of US$ 33,736.1 Mn by 2026, recording a CAGR of 11.9%.

Demand for higher education is increasing globally which is compelling students to enroll in soft skills training programs, thus supporting the growth of the market. Furthermore, with the rising penetration of smartphones and other technologies, candidates are enrolling for online soft skills management courses. Soft skills are necessary for any candidate, irrespective of the professional qualification and domain knowledge.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 upgrades taking place all over the world.Furthermore, soft skills improve customer interactions which help businesses to generate more revenue. Thus, rising demand for highly skilled workforce and increasing demand for higher education all around the world is expected to drive the market during the forecast period.

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Attracted by this prominently expanding market and crucial technological advancements, many startups are trying to enter the market. The market is highly fragmented and consists of many local and regional players. Companies across industries are emphasizing on strengthening their foothold in the soft skills management market. For instance, in May 2018, Computer Generated Solutions announced its partnership with Custodia Technology, a communications compliance solution specialist, to cooperatively offer cross-platform support and services to the global investment services community. Moreover, existing software providers are rapidly expanding their distribution network in order to reach the most distant customers.Some of the active playersprofiled in thesoft skills managementmarket report include Articulate Global, Inc., Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Global Training Solutions, Inc., Interaction Associates, Inc., New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd., Skill Key Interactive, LLC, Skillsoft Corporation, Tata Interactive Systems, The Insights Group Ltd., VitalSmarts, and Wilson Learning Worldwide.