The India soft skills training market size reached US$ 654.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,635.2 Million by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 654.5 Million |
Market Forecast in 2032
|
US$ 1,635.2 Million |
Market Growth Rate 2024-2032 | 10.4% |
Soft skills are a combination of communication, personal attributes, and social and emotional intelligence. Professional soft skills training enables an individual to improve personal attributes, communicate efficiently and manage relationships in a business environment. The training is offered through various offline and web-based platforms. It involves leadership skills, teamwork, problem-solving competency, work ethics, adaptability, and interpersonal communication. These programs help to improve critical thinking, enhance cognitive flexibility, and develop negotiating skills. As compared to other skills, soft skills training results in improved customer service, employee retention, increased job satisfaction and overall work productivity.
Rapid urbanization, industrialization, and growing focus on the comprehensive development of employees in the corporate sector are majorly driving the soft skills training market in India. Additionally, small- and medium-sized enterprises (SMEs) in the country are increasingly employing such platforms to expand their businesses and build an effective clientele, which is acting as a growth-inducing factor. Other than this, the widespread adoption of collaborative learning methods in academia as a part of the university curriculum to create productive job opportunities is further contributing to the market growth. Moreover, the emerging trend of digitization and the large-scale integration of soft skills training programs with advanced technologies, such as cloud computing, virtual reality (VR) and artificial intelligence (AI), are creating a positive outlook for the market in the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India soft skills training market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on soft skill type, channel provider, sourcing, delivery mode and end use industry.
Breakup by Soft Skill Type:
Breakup by Channel Provider:
Breakup by Sourcing:
Breakup by Delivery Mode:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
---|---|
Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Million |
Segment Coverage | Soft Skill Type, Channel Provider, Sourcing, Delivery Mode, End Use Industry, Region |
Region Covered | North India, West and Central India, South India, East India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The India soft skills training market was valued at US$ 654.5 Million in 2023.
We expect the India soft skills training market to exhibit a CAGR of 10.4% during 2024-2032.
The emerging trend among companies to provide high-quality training modules to their employees for faster achievement of goals and encouraging holistic development, is primarily driving the India soft skills training market.
In India, the sudden outbreak of the COVID-19 pandemic has led to the rising adoption of web-based platforms, for remote training of the working professionals to improve their critical thinking, enhance cognitive flexibility, and develop negotiating skills.
Based on the soft skill type, the India soft skills training market can be segmented into management and leadership, administration and secretarial, communication and productivity, personal development, teamwork, and others. Currently, communication and productivity skill holds the majority of the total market share.
Based on the channel provider, the India soft skills training market has been divided into corporate/ enterprise, academic/ education, and government. Among these, corporate/ enterprise currently exhibits a clear dominance in the market.
Based on the sourcing, the India soft skills training market can be categorized into in-house and outsourced, where outsourced training program currently represents the majority of the total market share.
Based on the delivery mode, the India soft skills training market has been segregated into online and offline. Currently, offline delivery mode holds the largest market share.
Based on the end use industry, the India soft skills training market can be bifurcated into BFSI, hospitality, healthcare, retail, media and entertainment, and others. Among these, the BFSI industry currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India soft skills training market.