IMARC Group, a leading market research company, has recently releases report titled “Europe Soft Skills Training Market Report by Soft Skill Type (Management and Leadership, Administration and Secretarial, Communication and Productivity, Personal Development, Teamwork, and Others), Channel Provider (Corporate/ Enterprise, Academic/ Education, Government), Sourcing (In-house, Outsourced), Delivery Mode (Online, Offline), End Use Industry (BFSI, Hospitality, Healthcare, Retail, Media and Entertainment, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the Europe soft skills training market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is Europe soft skills training market?
The Europe soft skills training market size reached US$ 7,430.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 14,541 Million by 2028, exhibiting a growth rate (CAGR) of 12.19% during 2023-2028.
What are the soft skills training?
Soft skills training is mainly designed for improving the social and emotional intelligence, communication skills and personality of working professionals. It is generally undertaken to learn about managing relationships and communicating efficiently in a business environment. Additionally, it aids in enhancing various skill sets, such as conflict resolution and negotiating skills, cognitive flexibility, diligence and cohesiveness, and critical thinking and creativity, that are vital for accomplishing long- and short-term personal and professional objectives. As a result, it helps businesses in optimizing workflow, establishing stronger teams and efficiency, improving employee retention and profit maximization.
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What are the growth prospects and trends in the Europe soft skills training industry?
The market in Europe is primarily driven by the increasing focus on the holistic development of working professionals. This is supported by the rising adoption of soft skill training programs for newly recruited employees. In line with this,the intensive business competition and increasing expansion activities have led multiple organizations to adopt training programs for employees, which is providing a boost to the market growth. Moreover,multiple educational institutions and universities are incorporating these training modules in their curriculumsin order to create lucrative job opportunities, thereby creating a positive outlook for the market.Additionally, multiple enterprises are utilizing social media platforms for providing soft skills training to their employees, which is gaining widespread prominence across the region. Furthermore, continual technological advancements and the integration of cloud computing with training platforms are further propelling the market growth. Other factors, including the rising adoption of online learning tools, such as online expert communities and internal employee blogs, and the advent of cost-effective e-learning training modules, are further contributing to the market growth across Europe. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 14,541 Million by 2028, growing at a CAGR of 12.19% during 2023-2028.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Soft Skill Type:
Management and Leadership
Administration and Secretarial
Communication and Productivity
Personal Development
Teamwork
Others
Breakup by Channel Provider:
Corporate/ Enterprise
Academic/ Education
Government
Breakup by Sourcing:
In-house
Outsourced
Breakup by Delivery Mode:
Online
Offline
Breakup by End Use Industry:
BFSI
Hospitality
Healthcare
Retail
Media and Entertainment
Others
Breakup by Country:
Germany
France
United Kingdom
Italy
Spain
Others
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