United States Soft Skills Training Market to Hit US$ 30.7 Billion by 2028: IMARC Group

IMARC Group, a leading market research company, has recently releases report titled "United States Soft Skills Training Market Report by Soft Skill Type, Channel Provider, Sourcing, Delivery Mode, End Use Industry, and Region 2023-2028" The study provides a detailed analysis of the industry, including the United States 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 the United States soft skills training market?

The United States soft skills training market size reached US$ 20.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.5% during 2023-2028.

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What are soft skills training?

Soft skills training help develop or improve interpersonal skills. It includes lessons to increase active listening, resolve conflicts, improve personal qualities and communication, and social and emotional intelligence. Individuals receive training in soft skills to enhance their ability to communicate effectively and manage relationships in the workplace environment. It also improves creativity, time management, cognitive flexibility, teamwork, critical thinking, stress management, resourcefulness, leadership, conflict management, decision-making, and negotiation skills. In addition, soft skills training assist in employee retention, job satisfaction, improving customer service, and overall work productivity. As a result, soft skill training is widely employed in retail, healthcare, media and entertainment, banking, financial services and insurance, and hospitality sectors across the United States.

What are the growth prospects and trends in the United States soft skills training industry?

The market is primarily driven by the increasing demand for soft skill training in the corporate sectors. Nowadays, organizations are spending extensively to train employees to improve their communication skills and personality skills for the long-term success of their firm. In addition, the increasing use of soft skill training in universities to offer students attractive career prospects is contributing to market growth. Moreover, various technological advancements such as the incorporation of virtual reality (VR), augmented reality (AR), and artificial intelligence (AI) solutions that impart real-time soft skill education to employees and provide an interactive communication system represent another major growth-inducing factor. Besides this, the increasing popularity of digitization, rising expenditure on digital learning for skill acquisition, and easy accessibility to platforms such as Coursera, Skillshare, and Udemy providing online soft skill certificate courses are creating a positive market outlook.

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 Region:

Northeast
Midwest
South
West

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.