At what pace is the soft skills management market growing, and what is its estimated value?
The soft skills management market size has grown rapidly in recent years. It will grow from $31.14 billion in 2024 to $36.34 billion in 2025 at a compound annual growth rate (CAGR) of 16.7%. The growth in the historic period can be attributed to rise in the demand for a highly skilled workforce, increasing number of educational institutions, increasing emphasis on remote workforce management, rising awareness of employee well-being and mental health, and increasing collaboration between companies.
The soft skills management market size is expected to see rapid growth in the next few years. It will grow to $66.78 billion in 2029 at a compound annual growth rate (CAGR) of 16.4%. The growth in the forecast period can be attributed to growing emphasis on fostering a skilled workforce, rising globalization, growing young population, increasing government investment, and increasing adoption of e-learning platforms. Major trends in the forecast period include technological advancement, integration of artificial intelligence (AI) and machine learning, virtual reality and augmented reality simulations, innovations in skill assessment tools, and product innovations.
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What are the top drivers to the rising demand in the soft skills management market?
The increasing emphasis on remote workforce management is expected to propel the growth of the soft skills management market going forward. Remote workforce management refers to the strategies, processes, and tools used to oversee and coordinate employees from locations other than a central office, such as from home, co-working spaces, or other remote settings. The desire for flexible work options and cost savings drives the increase in remote workforce management. Soft skills management helps remote teams communicate clearly, collaborate effectively, and adapt to changes, enhancing overall productivity and unity. For instance, in January 2024, the World Economic Forum, a Switzerland-based non-profit organization, projected that by 2030, the number of these global digital jobs that can be performed remotely from anywhere is expected to rise by roughly 25% to around 92 million. Therefore, the increasing emphasis on remote workforce management drives the soft skills management market.
How is the soft skills management market segmented?
The soft skills management market covered in this report is segmented –
1) By Soft Skill Type: Management And Leadership; Administration And Secretarial; Communication And Productivity; Personal Development; Other Soft Skills Types
2) By Sourcing: In-House; Outsourced
3) By Delivery Mode: Regular And Offline; Online
4) By Provider: Corporate And Enterprise; Academic And Education
5) By End-User: Banking, Financial Services And Insurance (BFSI); Manufacturing; Hospitality; Information Technology (IT) And Telecom; Education; Retail; Media And Entertainment; Other End-Users
Subsegments:
1) By Management And Leadership: Team Management; Strategic Planning; Conflict Resolution
2) By Administration And Secretarial: Organizational Skills; Time Management; Office Management
3) By Communication And Productivity: Effective Communication; Presentation Skills; Negotiation Skills
4) By Personal Development: Emotional Intelligence; Critical Thinking; Adaptability And Resilience
5) By Other Soft Skills Types: Customer Service Skills; Cultural Competence; Networking And Relationship Building
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Who are the top competitors in the soft skills management market?
Major companies operating in the soft skills management market areDale Carnegie & Associates Inc., Skillsoft Corporation, HubSpot Inc., Udemy Inc., Coursera Inc., MPS Interactive Systems Limited, Franklin Covey Co., Pluralsight LLC, Articulate Global LLC, The Ken Blanchard Companies, RedVector Inc., Toastmasters International Inc., LearnUpon Limited, BizLibrary, edX LLC, Xyleme Inc., NIIT Limited, New Horizons Worldwide Inc., City & Guilds Group, Cegos Ltd., Pearson India Education Services Private Limited, iSpring Solutions Inc., Gnowbe
What major trends will shape the soft skills management market during the forecast period?
Major companies operating in the soft skills management market are focused on developing groundbreaking initiatives to enhance employee engagement, accelerate skill acquisition, and deliver measurable improvements in workplace performance. Groundbreaking initiatives such as Elevate Edge are a digital solution that offers flexible learning pathways, including online modules, in-person workshops, and blended learning options, making it accessible to a wide range of professionals. For instance, in August 2023, edForce, an India-based workforce accelerator company, launched a groundbreaking initiative called ElevateEdge aimed at addressing the significant gap between the demand and availability of soft skills in the Indian IT industry. It offers a holistic approach to soft skill development, empowering individuals and organizations to navigate the dynamic corporate landscape with finesse. The program caters to diverse upskilling requirements across various sectors, focusing on areas.
Which regional trends are influencing the soft skills management market, and which area dominates the industry?
North America was the largest region in the soft skills management market in 2024. The regions covered in the soft skills management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Soft Skills Management Market Report 2025 Offer?
The soft skills management market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Soft skills management refers to the process of developing, utilizing, and overseeing non-technical skills that are crucial for effective interpersonal interactions and overall professional success. These skills include communication, teamwork, leadership, problem-solving, and emotional intelligence. Soft skills management ensures that individuals and teams can work well together, adapt to changes, and handle interpersonal challenges effectively.
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