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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.
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
The other prominent vendors in the market are Articulate, CGS, D2L, Global Training Solutions, Interaction Associates, New Horizons, QA Limited, and Wilson Learning.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Other prominent vendors
PART 16: Appendix
List of abbreviations
PART 17: Explore Technavio
Tags: communication skills, education training, education and technology, technology in schools, higher education market research, K12 industry reports,
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