Soft Skills Management Market Global Size, Growth and Demand 2021 to 2027

Posted by Fred Williams on March 24th, 2021

Soft Skills Management Market - Snapshot

Soft skills are becoming increasingly critical for employees working in different industries and performing different functions. Soft skills are refined behavior and communication styles that help make a work environment or interaction with another person easier to manage. Soft skills include communication skills, such as gestures, voice, and inflection. They also include attributes such as adaptability and flexibility. Soft skills are the personal attributes, inherent social cues, communication abilities, and personality traits needed for success on the job. Recruiters and corporates tend to recruit employees who are highly skilled and trained. Rising demand for highly skilled workforce is expected to drive the market during the forecast period. Furthermore, with the availability of new learning techniques, training institutions specifically in the higher education sector are focusing on the adoption of collaborative learning methods that allow students to develop a multi-dimensional skill set. Soft skills management is estimated to reach value of US$ 33,736.1 Mn by 2026, recording a CAGR of 11.9%.

Demand for higher education is increasing globally which is compelling students to enroll in soft skills training programs, thus supporting the growth of the market. Furthermore, with the rising penetration of smartphones and other technologies, candidates are enrolling for online soft skills management courses. Soft skills are necessary for any candidate, irrespective of the professional qualification and domain knowledge.Corporates are emphasizing on optimizing business operations and enhancing productivity by employing highly skilled candidates. They offer training to employees to make them aware of new technologies and upgrades taking place all over the world.Furthermore, soft skills improve customer interactions which help businesses to generate more revenue. Thus, rising demand for highly skilled workforce and increasing demand for higher education all around the world is expected to drive the market during the forecast period.

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