- The key vendors in the global soft skills training market 2015-2019 are American Management Association (AMA), Pearson, Skillsoft, and VitalSmarts
London, 4 August 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global soft skills training market 2015-2019. The growing need for personality development among the youth is a key trend observed in this market. Soft skills training help the youth in acquiring a job and also aids in bridging the gap between the employer and the employee. As a result, many companies now follow a structured training calendar for new employees, with a significant proportion of training budgets allocation. This is needed in cases where a fresher is hired and is required to adapt to a new work culture. The global soft skills training market is expected to grow at a CAGR of 9.86% during the forecast period of 2014-2019.
The rising penetration of e-learning is a major factor that is expected to boost growth in this market. Advancements made in the field of technology have facilitated the creation, management, and delivery of content for training programs. This helps in enhancing the quality and allows trainers to deliver comprehensive training sessions to audiences located in different cities and time zones. Also, the increasing number of customer-facing roles in companies coupled with a larger population base enrolling for courses related to media and management education is expected to augment the demand for such courses worldwide.
“The market has changed dynamically with regard to the technology used for content creation, delivery methods, and collaboration among trainers and learners. With the advent of the Internet, online training methods have been introduced to users. Along with this, various new methods of training have emerged such as gamification and blended learning,” says Faisal Ghaus, Vice President of Technavio Research.
“The proliferation of hardware such as tablets, iPads, and smartphones is facilitating the training of employees by organizations. The market is expected to usher in an environment of live virtual training in which gaming concepts are applied to soft skills training.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
