Technology

Soft Skills Training Market size is set to grow by USD 315.6 billion from 2024-2028, The emergence of cost-effective E-learning training modules to boost the market growth, Technavio

Published

5 months ago

June 24, 2024

NEW YORK, June 24, 2024 /PRNewswire/ — The global soft skills training market size is estimated to grow by USD 315.6 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 50.98% during the forecast period. The emergence of cost-effective E-learning training modules is driving market growth, with a trend towards gamification of content. However, limited demand from developing economies poses a challenge. Key market players include Articulate Global Inc., Computer Generated Solutions Inc., CoreAxis, Coursera Inc., Crucial Learning, D2L Inc., edX LLC, Global Training Solutions Inc., GoSkills Ltd., Health and Safety Institute Inc., Interaction Associates Inc., MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd., Pearson Plc, SGS SA, Skillsoft Corp., Udacity Inc., Udemy Inc., and Wilson Learning Worldwide Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Corporate and Academic), Delivery Mode (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Articulate Global Inc., Computer Generated Solutions Inc., CoreAxis, Coursera Inc., Crucial Learning, D2L Inc., edX LLC, Global Training Solutions Inc., GoSkills Ltd., Health and Safety Institute Inc., Interaction Associates Inc., MPS Ltd., New Horizons Computer Learning Centers Inc., NIIT Ltd., Pearson Plc, SGS SA, Skillsoft Corp., Udacity Inc., Udemy Inc., and Wilson Learning Worldwide Inc.

Key Market Trends Fueling Growth

The soft skills training market is experiencing notable growth due to the integration of gamification in corporate training. Businesses are leveraging digital badges, rewards, and leaderboards to motivate employees and enhance their communication and critical thinking skills. Gamification’s mobile component increases training engagement, leading to improved business performance and leadership development. While instructor-led training was once popular, online game-based learning offers more efficient and effective soft skills training.

The market for soft skills training is thriving, with companies seeking to improve communication, teamwork, and problem-solving abilities among their workforce. Emotional intelligence, critical thinking, and adaptability are trending skills in today’s business environment. The use of technology, such as virtual training and e-learning platforms, has made it easier for organizations to provide these trainings to their employees. Productivity and employee engagement are key benefits of soft skills training. Additionally, companies are focusing on leadership and management skills to create a strong work culture. Overall, the demand for soft skills training is increasing as businesses recognize the importance of these skills in driving success.

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Market Challenges

• In the global soft skills training market, penetration in developing countries, particularly in tier-2 and tier-3 cities, is limited due to infrastructure issues, insufficient Internet facilities, and a shortage of qualified teachers. Price consciousness is a significant barrier to adopting online education, including laptops and smartphones required for access. Awareness of available online courses is lacking in several South American and APAC countries. China and India are forecasted to lead online education growth in APAC, but other developing nations face infrastructure and awareness challenges. To expand market reach, emphasis should be placed on creating awareness, highlighting convenience and added benefits.

• The soft skills training market faces several challenges. Companies require employees with strong communication skills, such as active listening and effective speaking. However, finding candidates with these abilities can be difficult. Additionally, the need for adaptability and teamwork is crucial in today’s business environment. Yet, many individuals lack these skills. Furthermore, the use of technology in the workplace demands proficiency in areas like computer literacy and problem-solving. Addressing these challenges requires innovative training methods and continuous learning opportunities. Employers must invest in comprehensive soft skills development programs to ensure a workforce that can thrive in the modern business landscape.

For more insights on driver and challenges – Download a Sample Report

Segment Overview

This soft skills training market report extensively covers market segmentation by

End-user 1.1 Corporate1.2 AcademicDelivery Mode2.1 Offline2.2 OnlineGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Corporate- The corporate segment of the global soft skills training market is experiencing significant growth due to increasing awareness of the importance of soft skills in the workplace. Senior managers and HR in large enterprises prioritize soft skills training to enhance operational efficiencies and identify workforce trends. Vendors offering specialized soft skills training, including leadership and communication courses, hold a strong market position. SMBs focus more on technical training, but organizations value soft skills for strong interpersonal and organizational development. Mandatory non-technical training and managerial decision-making courses further drive market growth.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Soft Skills Training Market encompasses a range of essential skills for enhancing interpersonal attributes, communication, empathy, time management, emotional intelligence, cross-cultural communication, and creativity. These human skills are increasingly vital in today’s workforce, particularly in the context of remote work models and virtual communication. Self-discipline, adaptability, and a growth mindset are essential components of this training, enabling employees to maximize their productivity through online courses and video-based learning technology. High-speed internet and artificial intelligence are integral to delivering effective training experiences in this domain.

Market Research Overview

The Soft Skills Training Market encompasses various essential skills required for professional growth and personal development. These skills include communication, teamwork, problem-solving, adaptability, time management, and emotional intelligence. The market offers a wide range of training programs designed to enhance these skills through workshops, seminars, online courses, and coaching sessions. Employers increasingly prioritize soft skills in their hiring processes, recognizing their importance in fostering a productive and collaborative work environment. The market caters to diverse industries and sectors, with continuous innovation in training methodologies and delivery formats to cater to evolving workforce needs.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userCorporateAcademicDelivery ModeOfflineOnlineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

Technology

Todd Tucker joins Parking Revenue Recovery Services as Chief Operating Officer to Guide Growth as PRRS expands as a Vehicle Identification and Monitoring Technology Platform

Published

39 minutes ago

November 15, 2024

DENVER, Nov. 15, 2024 /PRNewswire/ — Parking Revenue Recovery Services (PRRS), Inc., a leader in AI-driven compliance and vehicle activity monitoring, is pleased to announce the appointment of Todd Tucker, JD, DBA, CAPP, CPP, as its new Chief Operating Officer, effective November 15, 2024. With over 30 years of experience in the parking industry, Tucker is a recognized leader, having held various senior executive roles. Todd assumes the role of Chris Conley, who has decided to retire and enjoy some well-earned time after 30 years in the parking industry.

Before joining PRRS, Tucker served as President at Parking Logix and has been a leader in multiple tech companies focused on mobility solutions, with two leading to strategic and/or investment transaction outcomes Todd’s experience as a parking operations leader/expert and his roles spearheading the development and growth of innovative technology offerings focused on parking provide him with a unique ability to build solutions that meet the needs of today’s parking operations.

PRRS is uniquely positioned in gateless parking technology solutions through its machine vision-based technology, which identifies all vehicle activity, enhances compliance, and enables clients to expand their service capabilities. Our technology allows clients to gather valuable insights into operation and consumer activity while helping our clients improve their customer experience. With Tucker’s extensive expertise in parking technology and leadership, PRRS aims to broaden its services across North America, solidifying its status as the premier provider of gateless technology solutions to operators and facilities.

“Todd’s proven track record of driving innovation and his dedication to enhancing technology-based services make him the ideal candidate to lead PRRS into its next growth phase,” said Gabor Burchner, Managing Director, GB & Partners IM. “As the demand for adaptable technology solutions providers continues to rise, Todd’s leadership and collaborative approach will be invaluable.”

PRRS, in partnership with Asura, has successfully implemented the ARC solution and its compliance services at over 400 parking sites across 29 states. With ongoing investment from GB & Partners IM, PRRS is set to expand beyond its current identity as a “parking notice firm” to become the leading gateless technology solution for the future.

“I am thrilled to join PRRS and enhance the value we provide to our parking operating partners,” said Todd Tucker. “Throughout my career, I’ve consistently sought to challenge the status quo by delivering innovative solutions in an ever-evolving industry. PRRS is at the forefront of leveraging technology to enhance its services, and with GB & Partners IM participation, we will continue to deliver exceptional value to the parking sector and beyond. I look forward to joining the PRRS team and collaborating with our clients to push boundaries and innovate in compliance and facility monitoring services.”

About Parking Revenue Recovery Services

Parking Revenue Recovery Services, Inc. (PRRS) is North America’s leading Parking Compliance and Facility Monitoring technology provider. PRRS is on track to provide over 1,000 parking locations and proudly supports national, regional, and local parking operators throughout the United States. Our client owners and parking operators use our monitoring and compliance services in all properties, including commercial lots and garages, municipal facilities, college and university facilities, airports, hospitals, commercial properties, and residential buildings. PRRS creates exceptional value for its parking operator clients through increased overall customer compliance and enhanced visibility into operating activity and usage while delivering excellent customer service. We maximize the value provided to our clients through excellence, innovation, and efficiency in its compliance and monitoring services, delivered by an outstanding team of parking professionals dedicated to the highest levels of customers.

About Asura Technologies

Asura Technologies specializes in next-generation video analytics and license plate recognition software, utilizing AI to create smart parking, traffic management, frictionless tolling, and safety security applications. Active globally since 2018, Asura Technologies USA collaborates with PRRS to provide highly effective, automated parking enforcement solutions through innovative technology.

About GB & Partners IM

GB & Partners IM is an independent private equity and venture capital firm focused on innovative city technologies, fashion, fintech, medical technologies, and mechanical engineering. As the largest Hungarian-based firm in its sector, GB & Partners IM offers extensive leadership experience in private equity and venture capital investments, M&A transactions, and IPOs, providing operational support to investment entities by international standards. In 2019, GB & Partners IM became the first Hungarian venture capital firm to gain membership in Invest Europe.

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SOURCE Parking Revenue Recovery Services, Inc.

Technology

Connect and Converse Across Borders with Moii: Now Available Worldwide

Published

39 minutes ago

November 15, 2024

SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ — Moii, an innovative avatar-based interest-matching conversation service developed by tech startup illuni, has officially launched globally. Available on the Google Play Store and Apple App Store, Moii offers users a unique way to meet new friends, share stories and enjoy engaging conversations. The service allows people around the globe to experience safe, interest-based connections with like-minded people, fostering a sense of community across borders. Moii exemplifies illuni’s commitment to creating immersive digital experiences through advanced artificial intelligence (AI) technology.

To create heartfelt connections, download Moii from the Google Play Store (https://play.google.com/store/apps/details?id=com.illuni.moii&hl=en-US) and Apple App Store (https://apps.apple.com/us/app/moii-heartfelt-connections/id6456406927).

Create Moiiments, Connect Globally

In a world where genuine interaction can feel rare, Moii provides a space for simple, meaningful conversations without the pressure of video or photo sharing. By connecting users based on shared interests, Moii creates a relaxed environment for spontaneous chats, whether someone is looking for a listening ear, a language exchange, or a fresh global perspective. With engaging features such as avatar costumes and singing content in virtual karaoke – introduced in a recent November update – the app continues to attract a growing user base of young adults seeking meaningful connections beyond small talk.

“Since our global launch on the 1st of November, users from over 30 countries have come together on Moii to share interests, create unique content and enjoy friendly conversations,” said Byung-Hwa Park, CEO of Illuni. “We are thrilled by the enthusiasm for Moii as people around the world find it to be a fun and welcoming platform.”

Aimed at users in their 20s and 30s, Moii allows users to interact in a fully customizable 3D environment. Instead of revealing their actual appearance, users create avatars that reflect their personalities and interests, providing a sense of anonymity, security, and comfort. Once matched, users can personalize their avatars, use conversation cards, and enjoy mini games, making every interaction fun and engaging.

With a mission to create comfortable spaces for conversation, Moii promotes cross-cultural and language exchange on a global scale. Whether users want to make foreign friends, practice a new language, or simply chat with a friendly listener, Moii offers a low-pressure, refreshing way to connect.

Looking ahead, Illuni plans to expand Moii’s language support, making it accessible to even more users across the globe.

For more information about Moii, visit https://www.moii.net/en

About illuni

Illuni is a forward-thinking startup focused on developing immersive digital experiences through advanced AI technology. The company is committed to building innovative mixed-reality services that redefine user engagement in digital spaces. Alongside Moii, illuni’s portfolio includes Storyself (https://storyself.com), an interactive storybook app that transforms users’ pictures into story characters, allowing them to become the protagonists of various tales—making it both engaging and educational for children.

To learn more about illuni and its suite of mixed-reality projects, visit: https://www.illuni.com/en

For media inquiry, please contact: illuni Communications, e-mail: contact@illuni.com

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SOURCE illuni

Technology

LONGi’s Solar Panels Enhance Sustainability in Bengaluru’s Residential Complex

Published

40 minutes ago

November 15, 2024

BANGALORE, India, Nov. 15, 2024 /PRNewswire/ — LONGi, in partnership with SolarSquare, has completed a 342 kW solar project using advanced Hi-MO 5 solar panels for a residential apartment complex in Bengaluru.

Launched seven months ago, this solar project is set to save the residential complex up to $47,736 annually and has already generated an impressive 340,000 units of electricity. Thanks to the high efficiency of the solar modules, significant economies of scale, and the inherent advantages of rooftop solar, the project is projected to reach its break-even point within just 4.75 years.

Before the installation of the rooftop solar panels, residents faced annual electricity costs of approximately $143,305. The switch to solar energy is expected to result in annual savings between $47,768–$53,768, effectively reducing their electricity expenses by around 33%.

Nikhil Nahar, Co-founder and Director of SolarSquare, stated, “Through our strategic partnership with LONGi over the years, our customers have gained access to state-of-the-art technology for their projects. LONGi’s solar panels consistently deliver performance and help our customers save on electricity bills. With a shared vision to accelerate the mass adoption of renewable energy and enhance sustainability, our partnership has continually provided innovative solutions, earning the trust of our customers.”

LONGi remains committed to delivering advanced solar technology and helping more residential complexes achieve energy independence through its highly efficient and reliable products.

About LONGi

Founded in 2000, LONGi is committed to being the world’s leading solar technology company, focusing on customer-driven value creation for full scenario energy transformation.

Under its mission of ‘making the best of solar energy to build a green world’, LONGi has dedicated itself to technology innovation and established five business sectors, covering mono silicon wafers cells and modules, commercial & industrial distributed solar solutions, green energy solutions and hydrogen equipment. The company has honed its capabilities to provide green energy and has more recently, also embraced green hydrogen products and solutions to support global zero carbon development. www.longi.com

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