The latest report by IMARC Group, titled “GCC Soft Skills Training Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, offers a comprehensive analysis of the industry, which comprises insights on the GCC Soft Skills Training market growth. The market size reached US$ 504 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,059 Million by 2028, exhibiting a growth rate (CAGR) of 13.2% during 2023-2028.
Factors Affecting the Growth of the GCC Soft Skills Training Industry:
Economic Diversification and Labor Market Needs:
GCC countries have been actively pursuing economic diversification, moving away from their traditional reliance on oil revenues. This shift has led to the growth of new sectors such as tourism, finance, and technology. As these industries develop, there is a rising demand for a workforce with diverse soft skills, including communication, leadership, problem-solving, and teamwork. These skills are essential for the success of businesses in these emerging sectors and are often not sufficiently addressed in traditional education systems. The region's commitment to diversification, therefore, directly drives the demand for soft skills training. This trend is reflected in government policies and initiatives that emphasize workforce development as a key component of national strategies, such as Saudi Arabia's Vision 2030 and the UAE's Vision 2021.
Cultural Adaptation and Globalization:
The GCC region is characterized by a unique blend of traditional cultures and rapid modernization. As these countries integrate more closely with the global economy, there is a growing need for professionals who can navigate diverse cultural contexts and communicate effectively with international partners. This need extends beyond language proficiency to include cultural sensitivity, adaptability, and understanding of global business etiquette. Soft skills training programs that cater to these needs are increasingly in demand, as they enable professionals to work effectively in multicultural environments. Additionally, the influx of expatriates and the presence of multinational companies in the GCC region have introduced diverse workplace cultures.
Technological Advancements and the Future of Work:
The rapid pace of technological advancement globally is reshaping the nature of work and the skills required to thrive in the workplace. Automation and artificial intelligence are changing job profiles, with a higher premium placed on soft skills that cannot be easily replicated by machines. Skills such as emotional intelligence, creative problem-solving, and adaptability are becoming increasingly important. The GCC region, with its focus on technological innovation and smart city initiatives, is particularly affected by these changes.
As a result, there is a growing recognition of the need to continuously update the workforce's skills to stay relevant in the changing job market. The soft skills training industry is responding to this need by developing programs that focus on these future-oriented skills. Moreover, the use of technology in delivering training, such as online platforms, virtual reality, and interactive simulations, is making soft skills training more accessible and effective.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-soft-skills-training-market/requestsample
GCC Soft Skills Training Market Report Segmentation:
By Soft Skill Type:
Management and Leadership
Administration and Secretarial
Communication and Productivity
Personal Development
Teamwork
Others
Communication and productivity skills form the largest segment in the GCC Soft Skills Training market because these foundational skills are essential across various industries for effective teamwork, leadership, and overall organizational efficiency.
By Channel Provider:
Corporate/ Enterprise
Academic/ Education
Government
Corporate/enterprise channels dominate the market due to the growing recognition among businesses in the GCC of the critical importance of enhancing employee capabilities to stay competitive and adapt to changing market demands.
By Sourcing:
In-house
Outsourced
Outsourced training is the largest segment in sourcing as organizations in the GCC region increasingly prefer to leverage the expertise of specialized training providers for comprehensive and effective skill development.
By Delivery Mode:
Online
Offline
Offline delivery mode holds the largest market share because of the preference for personalized, interactive learning experiences and the value placed on face-to-face mentorship and networking opportunities in the GCC cultural context.
By End Use Industry:
BFSI
Hospitality
Healthcare
Retail
Media and Entertainment
Others
The banking, financial services, and insurance (BFSI) sector is the leading end-use industry segment as these industries require high levels of customer interaction, decision-making, and risk management skills, making soft skills training crucial.
By Region:
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain
Saudi Arabia’s dominance in the GCC soft skills training market is attributed to its sizable workforce, significant investments in diversifying the economy, and comprehensive initiatives like Vision 2030, which emphasize workforce development.
GCC Soft Skills Training Market Trends:
The market in GCC is primarily driven by the increasing recognition of the importance of soft skills in the modern workplace. Additionally, the rising adoption of e-learning platforms and virtual training modules has made soft skills training more accessible and flexible, catering to a diverse workforce and propelling market growth.
Moreover, promoting education and training related to communication, empathy, and conflict resolution, which are essential for customer-facing roles, stimulates market growth. Furthermore, promoting initiatives aimed at enhancing the employability of the youth and equipping them with skills necessary for the 21st-century job market is particularly influential and further drives market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Comentarios