Emphasizing Soft Skills In Corporate Training: An Emerging Driver Transforming The Corporate Training Market Landscape

The Corporate Training Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Corporate Training Market?
Over the past few years, the corporate training market has witnessed consistent growth. It is projected to escalate from $398.78 billion in 2024 to $417.43 billion in 2025, boasting a compound annual growth rate (CAGR) of 4.7%. The past upsurge can be credited to the evolution of novel markets, amplified budgets allocated for learning and development, greater integration of digital platforms, and burgeoning demand for learning on mobile platforms.

The market size of corporate training is predicted to witness robust expansion in the coming years, reaching $514.38 billion in 2029 with a 5.4% Compound Annual Growth Rate (CAGR). This predicted surge during the forecast period can be attributed to factors like increased government backing, worldwide population surge and urbanization, increased demand for soft skills, and higher investment from online education institutions. Notable trends during this period will include the implementation of artificial intelligence (AI) to offer personalized learning experiences, technological progress that aids in skill development, the application of augmented reality or virtual reality for creating lifelike simulations, strategic collaborations and buyouts for augmenting financial might and geographical reach, product innovations concentrated on integrated solutions, and utilizing metaverse technology for fostering cooperative learning environments.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7967

What Are the Different Corporate Training Market Segments?
The corporate training market covered in this report is segmented -

1) By Training Programs: Technical Training, Soft Skills Training, Quality Training, Compliance Training, Other Training Programs
2) By Training Methods: Virtual, Face-To-Face
3) By Industries: Healthcare, Banking And Finance, Manufacturing, IT (Information Technology), Retail, Hospitality, Other Industries

Subsegments:
1) By Technical Training: IT And Software Training, Engineering And Technical Skills, Product Knowledge And Development
2) By Soft Skills Training: Communication And Interpersonal Skills, Leadership And Management Skills, Conflict Resolution And Negotiation
3) By Quality Training: Total Quality Management (TQM), Six Sigma And Lean Training, Quality Assurance And Control
4) By Compliance Training: Regulatory Compliance, Data Protection And Privacy Training, Anti-Harassment And Ethics Training
5) By Other Training Programs: Customer Service Training, Sales And Marketing Training, Diversity And Inclusion Training

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7967&type=smp

What Are the Primary Drivers Shaping the Corporate Training Market?
The ascent in the corporate training market during the forecasted timeline could be attributed to the growing emphasis on soft skills. These skills, unlike technical capabilities, are a set of proficiencies oriented towards interpersonal and social scenarios. They play a critical role in fostering relationships, managing intricate situations, and realising personal objectives. A survey, titled 'Future of Jobs Report 2023', published by the World Economic Forum (WEF) in April 2023, suggested an upward trend in the need for soft skills. Consequently, employers are structuring plans to boost employee competencies like leadership and social influence (with an intention among 40% of companies), resilience, flexibility, agility (32%), and a persistent curiosity for learning (30%). Fuelling this trend, a September 2022 research conducted by Harvard University, the Carnegie Foundation, and the Stanford Research Centre revealed that a substantial 85% of career triumphs are hinged on well-rounded soft and interpersonal skills, far outpacing the 15% brought about by rigid skills like technical prowess and subject knowledge. Thus, the swelling demand for soft skills promises a bright future for the corporate training market.

Which Companies Are Leading in the Corporate Training Market?
Major companies operating in the corporate training market include Skillsoft, Cornerstone OnDemand Inc, John Wiley & Sons Inc, Franklin Covey Co,Adobe Inc, BTS Group AB, D2L Corporation, Blanchard Training and Development Inc., Simplilearn, 24 Karat Training, 27 Stars Consulting Group, 2C Training Solutions, 3 Seconds, 361 Degree Minds, 39Solutions, Ultimahub, Tang Cultural Media, 17Career, ACG, AMC TRAINING LTD, AOE ChinEase, Art Of Education, AUIA International Summer School, Académie de Bernadac, Action Education, Adaptive Growth Solutions, Amerlish, Aplus Training, Cegos China, Beijing Champion Consulting Ltd, People Business, HewardMills, Scaled, NBT, Cosmic Velocity, Octave Digital, Blimpp, The Education and Skills Partnership Ltd, Rocky.ai, Changing Social, Real Trainers Group, Robot Albert, Ros Expert, Scrum Trek, Founder Institute Ukraine, Freedom Business Mentoring, GAO Global, GUARANTEE TNG, Galaxy Education Centre, Gestalt Coaching International, Golden Staff Study, Great Event School, HUB ONE, Canadian Management Centre, Global Knowledge, Cisco Systems Inc, GP Strategies Corporation, Wilson Learning Worldwide Inc, FGV, Insper, Saint Paul Escola de Negócios, ISAE Escola de Negócios, UV CONSULTANTS, CounselTrain, Kompass Consultancy, IIPD Global, Kaplan Genesis, Learners Point, Centre for Management Development, Institute of Chartered Accountants of Nigeria, MasterStart, Milpark Education, NADIA Training Institute, Nigeria Institute of Management, Zabeel International Institute of Management and Technology

What Are the Major Trends Shaping the Corporate Training Market?
The evolution of technology is becoming an increasingly notable trend in the corporate training industry. The market's predominant businesses are concentrating on innovating novel tech solutions to consolidate their standing in this sector. To illustrate, accenture* Plc, an Ireland-originated tech service provider, introduced accenture* LearnVantage in March 2024. This all-inclusive learning and training service was launched with a vision to assist customers in technology, data, and AI retraining and upgrading their workforce's skills. This initiative allows company and governmental leaders to swiftly detect skill deficiencies that may arise due to technological advancements, and provide industry-specific education effectively. The service facilitates tailor-made learning experiences for a broad range of users, adding special training in AI, data science, cloud operations, and cybersecurity for IT experts, along with generative AI coaching for executives and business masters.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/corporate-training-global-market-report

What Are the Top Revenue-Generating Geographies in the Corporate Training Market?
North America was the largest region in the corporate training market in 2024. The regions covered in the corporate training market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Corporate Training Market?
2. What is the CAGR expected in the Corporate Training Market?
3. What Are the Key Innovations Transforming the Corporate Training Industry?
4. Which Region Is Leading the Corporate Training Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.