Online Soft Skills Training Market to Reach CAGR: Allied Market Research

[Imrul Hasan Tusher]

Online Soft Skills Training Market to Reach $24 Billion Globally by 2032 at 12.8% CAGR: Allied Market Research

Growing emphasis on effective communication and collaboration in the corporate sector is anticipated to drive the growth of the global online soft skills training market during the forecast period. The Asia-Pacific region is expected to observe significant growth during the forecast period.

NEW CASTLE, Del., Feb. 9, 2024 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Online Soft Skills Training Market By Type (Communication, Teamwork, Time Management, Problem-solving, Creativity, Leadership, Others), By Company Size (Small Companies, Mid-sized Companies, Large Companies), By Learner (Male, Female), By Application (Business Services, Science and Engineering, Finance and Insurance, Technology, Marketing and Advertising, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global online soft skills training market generated $7.2 billion in 2022, and is anticipated to generate $24 billion by 2032, witnessing a CAGR of 12.8% from 2023 to 2032.

Allied Market Research (PRNewsfoto/Allied Market Research)

Prime Determinants of Growth

The increasing demand for remote and hybrid work arrangements as well as the rising emphasis on effective cooperation and communication is boosting the growth of the online soft skills training market. However, challenges such as potential technological faults, connection concerns, and skepticism about the reliability of online soft skills training programs are factors restraining the market growth during the forecast period. On the other hand, the rising recognition of the critical role soft skills play in the evolving workplace and the increasing investments in innovative technologies to enhance online training experiences are expected to unlock rewarding growth opportunities in the global online soft skills training market during the forecast period.

Source: https://finance.yahoo.com/news/online-soft-skills-training-market-150100448.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAABhtkWSLBy4Oopg5Bhv71Kxdgh6krq4dFUAMlsdMVVAcbljlwaGR0P6cAkZTzsv4blg-xGnjPRSY5u8wIJBRYv6-sBFl-dqCnysuvgp4uT49CoNENjwmS7cAtcaIkZa6xEPgsXtUP78MuhZV8bl_wKwBNrbSasZkLzcJlOQYOned