Soft Skills Training Market in Europe 2017-2021

Soft skills training market forecast

Market research analysts at Technavio have predicted that the soft skills training market in Europe will grow steadily during the next four years and post a tremendous CAGR of more than 33% by 2021. This market research analysis identifies the popularity of collaborative learning methods as one of the primary growth factors for this market. With the availability of new learning models within the overall e-learning framework, educational institutions are increasingly emphasizing on collaborative learning since it enables students to improve their multi-dimensional skill set. 

One of the major trends that will gain traction in this market is the increased preference of cloud-based m-learning. Since organizations have the need to provide online training to employees in diverse locations, they will increasingly choose cloud-based m-learning which will help employees to instantly connect to the required platform and access the stored data. Moreover, the increased adoption of bring your own device (BYOD) policy among enterprises will also drive the adoption of cloud-based m-learning since it will enable learners to complete training programs at their own pace.

Soft skills training industry: Competitive landscape and key vendors

The market is characterized by the presence of a considerable number of soft skills training companies and is competitive. Most of the market vendors are either acquired by large players or form partnerships with other vendors. With a number of vendors offering solutions for specific requirements such as problem-solving, behavior developing skills, and various other non-conventional IT skills, the market appears to be highly fragmented and specialized. Additionally, the market will also witness the emergence of niche corporate training companies that cater only to specific industries. This will intensify the level of competition among the market players and will induce vendors to innovate their offerings and learning models. To maintain a competitive edge in their respective industries, organizations are investing heavily on employee training and are developing content in-house to manage training programs effectively. As a result, the market’s competitive environment will intensify in the coming years inducing vendors to constantly increase investments towards the development of newer and unique products.

The leading vendors in the market are

• City & Guilds Kineo
• GP Strategies
• NIIT
• Skillsoft

The other prominent vendors in the market are Articulate, CGS, D2L, Global Training Solutions, Interaction Associates, New Horizons, QA Limited, and Wilson Learning.

Soft skills training market in Europe: Segmentation and analysis by end-users

• Corporate
• Institutions

According to this market research and analysis, corporate organizations were the major end-users of the soft skill development training market in Europe during 2016. Increased investments by organizations towards training programs that focus on middle and senior level management will be a major factor fueling market growth in the coming years. Moreover, the increasing focus of corporate industries towards expanding their business operations to emerging economies that will propel the demand for corporate training in both technical and non-technical fields, will also fuel market growth in this segment. The market study report estimates that this segment will account for the major revenue shares and dominate the market during the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the soft skills training market in Europe?
• What are the key market trends impacting the growth of the soft skills training market in Europe?
• What are the challenges to market growth?
• Who are the key vendors in the soft skills training market in Europe?
• What are the market opportunities and threats faced by the vendors in the soft skills training market in Europe?
• Trending factors influencing the market shares of Europe.
• What are the key outcomes of the five forces analysis of the soft skills training market in Europe?

Technavio also offers customization on reports based on specific client requirement.

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