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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.
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.
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Report Coverage & Details:
|
Report Coverage |
Details |
|
Forecast Period |
2023–2032 |
|
Base Year |
2022 |
|
Market Size in 2022 |
$7.2 billion |
|
Market Size in 2032 |
$24 billion |
|
CAGR |
12.8 % |
|
No. of Pages in Report |
320 |
|
Segments covered |
Type, Company Size, Learner, Application, and Region |
|
Drivers |
Increased demand for remote and hybrid work arrangements Growing awareness about the significance of soft skills in adapting to technological advancements and automation |
|
Opportunities |
Increasing investments in advanced technologies to enhance the quality and personalization of online soft skills training
Rising recognition of the importance of emotional intelligence and adaptability |
|
Restraints |
Skepticism about the reliability of online soft skills training programs owing to their technical and connection errors |
COVID-19 Scenario:
- The COVID-19 pandemic significantly impacted the global online soft skills training market. The pandemic significantly increased access to professional development opportunities, driving a surge in demand for online soft skills training.
- The removal of physical barriers due to the pandemic boosted inclusivity, allowing individuals across the globe to participate in high-quality training programs from the comfort of their homes.
- The pandemic surged the importance of soft skills in the remote work environment, leading to an increased emphasis on online training to meet evolving workplace demands.
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Type: Communication Sub-Segment to Grow with Highest CAGR by 2032
The communication sub-segment dominated the market in 2022, holding a major share of 24.5%. This dominance is expected to continue till 2032, growing with a CAGR of 14.1%. This growth is mainly due to the growing recognition of the pivotal role effective communication plays in remote work environments, fostering effective leadership, and meeting the rising demand for clear and efficient communication skills in the evolving professional landscape.
Company Size: Large Companies Sub-Segment Expected to Hold Leading Market Share by 2032
The large companies sub-segment dominated the global online soft skills training market share in 2022, holding a major share of 40.4%. This sub-segment is expected to hold a leading market share of 39.8% by 2032. This growth is mainly because of the increasing awareness that employees with enhanced soft skills collaborate more efficiently, reducing misunderstandings and enhancing overall productivity in large corporate settings.
Learner: Male Sub-Segment Predicted to Hold Leading Market Share by 2032
The male sub-segment dominated the global online soft skills training market share in 2022, holding a major share of 55.3%. This sub-segment is expected to hold a leading market share of 54.2% by 2032. This growth is mainly because of the increasing recognition of the value of soft skills in fostering effective communication, leadership, and adaptability, driving a rising demand for tailored online training experiences.
Application: Business Services Sub-Segment Anticipated to Hold Leading Market Share by 2032
The business services sub-segment led the market in 2022, holding a substantial share of 28.7%. This sub-segment is expected to hold a leading market share of 31.5% by 2032. The growth of the sub-segment is mainly because of the increasing demand for online soft skills training in response to the dynamic nature of the modern workplace, boosting the need for effective communication and collaboration within organizations.
By Region: Asia-Pacific Estimated to Dominate the Market in Forecast Period
The Asia-Pacific region dominated the global online soft skills training market in 2022, holding a major share of 35.7%. The dominance of this region is expected to continue by rising with a CAGR of 13.6% in the forecast period. This is mainly due to increasing demand for online soft skills training, rising flexibility offered by these programs, and the growing awareness of their cost-effectiveness in the region. Moreover, the region’s dynamic corporate environment and diverse workforce needs are key factors boosting the region’s dominance in the global online soft skills training market.
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Leading Players in the Online Soft Skills Training Market:
- Pluralsight LLC
- HubSpot, Inc.
- Coursera
- Udemy Academy
- Toastmasters International
- Harvard Extension School
- Franklin Covey Co.
- edX LLC.
- Skillsoft
- LinkedIn Corporation
The report provides a detailed analysis of the key players of the global online soft skills training market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
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Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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