Soft Skills Training Market Trends, Segmentation, Key Players, Application And Forecast

Transparency Market Research delivers key insights on the global soft skills training market. In terms of revenue, the global soft skills training market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global soft skills training market.

The global soft skills training market is broadly impacted by several factors, such as increasing focus on soft skills development such as communication and leadership within corporate and education institutes. Thus, expanding importance of soft skills training for different end users is propelling the global market for soft skills training.

Soft Skills Training Market: Dynamics

Soft skill is a combined set of behavior, which defines a person’s personality and has the ability to interact with other people in the existing environment. Soft skill is a combination of social skills, communication skills, character or personality traits, attitudes, career attributes, social intelligence, and emotional intelligence. Soft skills determines a person’s personal and professional relationships, and also his/her ability to do things, and achieve personal and professional goals. In the current scenario, soft skills is considered one of the most important abilities during the recruitment process. The soft skills training market report provides an overview of types of soft skills, various soft skills training methods being adopted to train employees in different markets, and also describes different industries and their adoption of soft skills training.

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The availability of soft skills training through online platforms is an important factor driving the soft skills training market. The COVID-19 pandemic has played a critical role in boosting the online training platform. Risk of infection and lockdown in several countries have fueled the demand for online platforms. Schools, colleges, offices, and businesses have shifted to online platforms, which has propelled the online platform market from the first quarter of 2020. As per World Economic Forum, COVID-19 has resulted in shutting down of schools across the world. Globally, over 1.2 billion children are out of their classrooms. The overall market for online education is projected to reach US$ 350 Bn by 2025, which includes language apps, virtual tutoring, video conferencing tools, or online learning software.

Soft skills are increasingly in demand in the workplace. Google LLC quoted creativity, leadership potential, and communication skills as top prerequisites for both potential and current employees. The increasing focus on soft skills is likely to enhance the role of online training platforms in boosting the soft skills training market.

Soft Skills Training Market: Prominent Regions

Presently, North America generates the highest revenue for soft skills training across all regions. The soft skills training market in North America is expected to reach US$ 18,110.2 Mn by the end of year 2030 from US$ 5,476.4 Mn in year 2019, at a CAGR of 11.7% during the forecast period. Miscommunication in businesses across the U.S. and the U.K. cost US$ 37 Bn per annum. It has also been observed that 85% of dismissals in the US are due to personality conflicts. The soft skills training market in Asia Pacific is expected to expand at the highest CAGR during the forecast period.

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Soft Skills Training Market: Key Players

Key players operating in the global soft skills training market are Cengage Learning, Inc., Computer Generated Solutions, Inc., D2L Corporation, edX, Inc., Interaction Associates, Inc., New Horizons Worldwide, LLC., NIIT Limited, Pearson PLC, QA Ltd., Skill Key Interactive, LLC, Skillsoft Corporation, Tata Interactive Systems, The Insights Group Ltd., VitalSmarts, and Wilson Learning Worldwide.

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Automotive Predictive Maintenance Market Revolutionary Trends, Future Potential and Revenue Estimation

According to a new market report pertaining to the global automotive predictive maintenance market published by Transparency Market Research, the global automotive predictive maintenance market is projected to reach a value of ~US$ 2.7 Bn by 2027. The automotive predictive maintenance market is projected to expand at a CAGR of ~28% from 2019 to 2027. Growth of the market can be attributed to increased focus on optimizing vehicle operational cost from the point of view of both, the user as well as the manufacturer.

Over the forecast period, Asia Pacific is anticipated to grow rapidly in the automotive predictive maintenance market, at a CAGR of ~30%. In terms of share, the market is dominated by North America, followed by Europe. In the automotive predictive maintenance market, the software segment was valued at ~US$ 167 Mn in 2017 and is expected to reach ~US$ 2.1 Bn by 2027, expanding at a CAGR of ~28% during the forecast period.

• Increase in Demand for Embedded Computer Systems or IoT Devices to Avoid Unplanned Maintenance Downtime – Automotive predictive maintenance systems can help individual consumers and companies avoid downtime. Furthermore, predictive maintenance provides other important insights regarding vehicle or automotive part and usage patterns. Automotive predictive maintenance has the potential to provide cost-saving solutions to reduce expenses on maintenance. IoT systems or embedded computer systems help reduce repairs and improve vehicle safety outcomes, so that vehicles or fleets can reliably operate.

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• Increase in Demand for Smart Cars and Connected Cars – Car manufacturers are now using data science to improve driving experience and car performance. If a vehicle is equipped with smart sensors, the customer or mechanic can identify potential issues before they become problems. A smart vehicle can provide data regarding its performance, fuel consumption and emission, status of transmission system, speed, and driving behavior. Moreover, insurance companies use vehicle maintenance data to pass insurance claims by customers. All types of sensors store real-time data on the cloud platform to provide easy access to customers. 

Automotive Predictive Maintenance Market: Regional Outlook

In terms of region, the global automotive predictive maintenance market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to dominate the automotive predictive maintenance market during the forecast period. Asia Pacific is expected to see increasing growth in the automotive predictive maintenance market. The automotive predictive maintenance markets in Europe and Middle East & Africa are also expected to expand rapidly during the forecast period.

The report provides in-depth segment analysis of the global automotive predictive maintenance market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that hold growth opportunities or account for significant share has also been included as part of the geographic analysis of the automotive predictive maintenance market. 

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Automotive Predictive Maintenance Market: Competition Dynamics

The research study includes the profiles of leading companies operating in the global automotive predictive maintenance market. Key players profiled in the report include Harman International Industries, Inc., IMS – Part of Trak Global Group, Rockwell Automation, Inc. Delphi Technologies, Siemens AG, IBM Corporation, Microsoft Corporation, Robert Bosch GmbH, SAP SE, and Teletrac Navman.

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Chatbot Market Growth, Trends And Forecasts (2020-2027)

Transparency Market Research (www.transparencymarketresearch.com) has released a new market report entitled ” Chatbot Market [Platform – Web-based, Mobile and Standalone; Enterprise Size – Small and Medium Enterprises and Large Enterprises] – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2020 – 2027,” According to this report, the Global Chatbot Market revenue stood at US$ 274.5 Mn in 2019 and is expected to reach US$ 2,358.2 Mn by 2027, at a CAGR of 31.8% during the forecast period from 2020 to 2027.

The global chatbot Market has been segmented on the basis of platform including web-based, mobile and standalone. The mobile segment held the major revenue share in 2019. This is primarily due to end-user preference for mobile apps. The key idea behind chatbot platform that customer able to interact without downloading a particular app. for communication. The chatbot is used by enterprises for marketing products or services and customer service.

The marketers use chatbot for visitor engagement, site feedback, guidance and negotiation. Wide-ranging usage of messaging apps and platforms drive the demand for innovation and development in messaging apps, and offers a context for consumer interaction and engagement. Chatbot also provides an opportunity for start-up vendors to grow business by using chatbot apps for interaction with customer and marketing products and services.

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Some of the emerging trend such as enhanced customer intelligence/engagement using AI based chatbot and increasing usage of chatbot by business to provide information and services using messaging bots is anticipated to drive the chatbot market growth over the forecast period. The chatbot market is also segmented based on enterprise size into small & medium enterprise and large enterprise. Of these, the small & medium enterprise segment of chatbot market is expected to dominate the market, during the forecast period. Due to adoption of chatbot to increase customer engagement. For small & medium enterprises, chatbot is useful for engaging their customers over conversational messaging channels. In 2019, large enterprise held major revenue share in the global chatbot market with adoption driven by demand for chatbot for automation process in business.

New user interface models for chatbot are based on user interface (UI) constructs and conversations that need new forms of analytics and monitoring. For instance, a chatbot analytics platform should be able to track the sentences developed in current user interactions, analyze concepts and sentiments, and determine error processing rates. In North America, the U.S. is expected to dominate the chatbot market. This is primarily due to the strong penetration of chatbot app and presence of chatbot vendors in the region. The chatbot technology providers are also known as tools providers. They provide an integrated development environment and SDKs to build chatbot.

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Asia Pacific region is estimated to dominate the global chatbot market. This is owing to rising penetration of smartphone devices and increasing adoption of messaging platforms such as Line, WeChat, Facebook Messenger, Allo, Apple Siri, slack, haptik and WhatsApp. There is an opportunity for startup vendors in chatbot market. However, in current scenario, some of the leading players dominate the market. Furthermore, several companies are working on standalone chatbot such as toys, robots and speakers. Some of the company such as Facebook Inc. and Microsoft Corporation has integrated chatbot into its messenger app for marketing, reform customer service and increase customer engagement. Chatbot market is highly competitive owing to the presence of large and small players.

Some of the key industry players profiled in the study include Astute Solutions, Facebook, Inc., Google, Inc., Haptik, Inc., Helpshift, Imperson Ltd., Kasisto Inc., Kiwi, Inc., Microsoft Corporation, Pandorabots, Inc., Slack Technologies, Inc. ToyTalk (PullString Inc.) and Yahoo Inc.

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Anti-money Laundering Software Market Share, and Industry Analysis by 2027

The global anti-money laundering software market is projected to reach value of ~US$ 4.9 Bn by 2027. The anti-money laundering software market is projected to expand at a CAGR of ~13% from 2019 to 2027. Expansion of the anti-money laundering software market can be attributed to the high demand for financial tools and exponential rise in online money transaction processes. North America is anticipated to lead the global anti-money laundering software market in terms of revenue, followed by Asia Pacific, during the forecast period.

Growing Demand for Financial Data Mining Tools to Manage Huge Financial Data to Drive Demand

Increasing demand for online payment modes in bank transactions, e-Commerce transactions, and individual money transactions create different illegal routes for money laundering activity. Increasing use of e-Commerce services and easy authorization of online registrations of merchants have made money laundering through online transactions easy for criminals or organizations. Credit card payments on e-Commerce platforms increases money laundering activities.

Increasing adoption of online platforms for money or fund transactions from the residential and commercial sector creates a huge financial transaction database. Financial institutes face issues related to data analysis due to continuous growth in financial data. Anti-money laundering compliance data is becoming an increasingly important tool for institutions to monitor fraud risks. In addition, the solution supports industry best practices for monitoring and reviewing, giving organizations a reliable option to protect business reputation of clients. This is expected to drive the demand for anti-money laundering software during the forecast period.

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Anti-money Laundering Software: Market Segmentation

The global anti-money laundering software market has been segmented based on product type, deployment model, solution type, end user, and region. In terms of product type, the anti-money laundering software market has been segmented into currency transaction reporting system, transaction monitoring system, compliance management software, and customer identity management system. Based on deployment model, the market has been divided into on-premise and cloud-based.

In terms of solution type, the market has been segmented into transactional monitoring, KYC (Know Your Customer), fraud, risk & compliance management, watch-list screening, data warehouse management, analytics & visualization, alert management & reporting, case management, and others. Based on end user, the market has been categorized into retail banking, corporate banking, private banking, investment banking, asset management, insurance, multiple banking services, and legal service providers. Demand for anti-money laundering software solutions from retail banking and asset management sectors are expected to rise during the forecast period.

Anti-money Laundering Software Market: Regional Outlook

In terms of region, the global anti-money laundering software market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is estimated to dominate the global anti-money laundering software market and account for 34.2% share by the end of 2019. It is estimated to maintain its dominance during the forecast period.

The market in Asia Pacific is estimated to expand at a growth rate (CAGR) of 14.2% during the forecast period, due to increasing mobile platform adoption for online money transactions and increasing demand for financial tools from the financial sector to monitor transactions. The anti-money laundering software market in Europe and South America is expected to expand moderately during the forecast period.

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The report provides in-depth segment analysis of the global anti-money laundering software market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which offer considerable opportunities or account for significant share has also been included as part of geographic analysis for the anti-money laundering software market.

Anti-money Laundering Software Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global anti-money laundering software market. Key players profiled in the report include 3i Infotech, Accenture, Inc., ACI Worldwide, Inc., Aquilan Technologies, Inc., BAE Systems., Celent (iMeta CLM) (Oliver Wyman), Cognizant Technology Solutions Corporation, EastNets, Exiger LLC (DDIQ), Experian Information Solutions, Inc., Fenergo Ltd., Fiserv, Inc., Infrasoft Technologies Ltd., Napier Technologies Ltd., Opentext Corp., Oracle Corp., Pelican (ACE Software Solutions, Inc.), Quantexa, SAS Institute, Inc., Tata Consultancy Services Ltd., Temenos Headquarters SA, and Verafin, Inc.

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Independent Software Vendor (ISV) Market Future Growth Statistic, Trends Analysis and Challenges

According to a new market report pertaining to the global independent software vendors (ISVs) market published by Transparency Market Research, the global independent software vendors (ISVs) market is anticipated to reach ~US$ 4,077.72 BN by 2027. The independent software vendors (ISVs) market is projected to expand at a CAGR of ~13% from 2019 to 2027 in terms of revenue. Growing need to adopt new IT solutions with modern consumer trends in recent years is expected to lead to the growth of the independent software vendors (ISVs) market during the forecast period. Asia Pacific is projected to emerge as the leading independent software vendors (ISVs) market, followed by North America, during the forecast period.

Rising Adoption of Software as a Service (SaaS) Drives Independent Software Vendors (ISVs) Market

Software as a Service (SaaS) is one of the major cloud computing models expected to gain traction over conventional on-premise software licensing models in the near future. Robust growth exhibited by the market is due to rising number of companies looking for flexible, cost-effective, and robust cloud computing solutions, creating new opportunities for independent software vendors (ISVs).

Growing business outsourcing of software and services, along with the rising need to adopt new IT solutions due to modern consumer trends are expected to boost the growth of SaaS. ISVs are meeting IT and line-of-business buyer demand for greater speed, agility, and scalability with cloud-enabled and cloud-native solutions, thus augmenting the growth of the independent software vendors (ISVs) market.

Independent Software Vendors (ISVs): Market Segmentation

The global independent software vendors (ISVs) market has been segmented in terms of software deployment, application, and region. Based on software deployment, the independent software vendors (ISVs) market has been classified into cloud and on-premise. Cloud segment dominated the market in 2018 and is expected to maintain its dominance during the forecast period.

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Based on application, the independent software vendors (ISVs) market has been categorized into financial services, healthcare, industrial & manufacturing, public sector & utilities, retail, service providers, telecom, media & entertainment, education, and others. Others application segment covered in the scope of study includes hospitality, transportation, etc. Financial services is expected to account for leading share in the global market. The sector is expected to continue its dominance in the coming years.

Independent Software Vendors (ISVs) Market: Regional Outlook

In terms of region, the global independent software vendors (ISVs) market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. North America is expected to dominate the independent software vendors (ISVs) market during the forecast period. This trend is attributed to the strong presence of independent software vendors (ISVs) in the regional market.

The U.S. is expected to lead the North America independent software vendors (ISVs) market due to substantial number of independent software vendors (ISVs) in the country. The independent software vendors (ISVs) market in Asia Pacific is expected to expand at a higher CAGR over the forecast period. The market in Middle East & Africa and South America is also projected to expand moderately over the forecast period.

The report provides in-depth segment analysis as well as cross country analysis of the global independent software vendors (ISVs) market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the independent software vendors (ISVs) market.

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Independent Software Vendors (ISVs) Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global independent software vendors (ISVs) market. Key players profiled in the report include ASG Technologies Group, Inc., Allscripts Healthcare (formerly McKesson Corporation), American Software, Inc., Apple Inc., Arney Computer Systems, Astro Tech, Avgi Solutions, Barnard Software, Inc., Cisco Systems, Inc., VMware, Inc., Autodesk, Inc., Fundamental Software, Inc., Google LLC, GSF Software, GT Software, H & W Computer Systems, Inc., Hewlett Packard Enterprise Company, HostBridge Technology, IBM Corporation, Interskill Interactive, Inc., KELLTON TECH, Lee Technologies, Inc., Levi, Ray and Shoup, Inc, Magic Software Enterprises Ltd, Microsoft Corporation, Numerical Algorithms Group Ltd, Oracle Corporation., Pacific Systems Group, Phoenix Software International, Red Hat Inc., Salesforce.com, Inc., ServiceNow, Inc., Universal Software, Inc., and Virtusa Corporation.

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Electric Bus Market Revolutionary Trends, Future Potential and Revenue Estimation in Industry Statistics

The vendor landscape of the global electric bus market has an intense competition. According to the latest research report by Transparency Market Research, the competition in the global electric bus market will only grow in the coming few years as new companies enter the market space. With the imminent threat from the emerging players, the leading companies in the global market are expected to focus on developing high-end and technically advanced buses in order to stay ahead.

Moreover, they are also expected to adopt aggressive marketing strategies such as mergers, joint venture, strategic partnerships, and acquisitions in order to stay relevant in the global market. Some of the key companies operating in the global electric bus market include names such as EBUSCO BV, BYD Company Ltd., Nova Bus, Proterra Inc., FAW Group, and Shenzhen Wuzholong Motors Co. Ltd. among others.

According to the research report by Transparency Market Research, the electric bus market will be valued around US$165 bn by the fall of 2026. The market is expanding at a huge CAGR of 24% over the duration of forecast of 2018 to 2026..

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China to Remain Key Contributor for Growth of Asia Pacific Segment

Depending on the type of electrification, the segment of battery electric bus is projected to dominate the global electric bus market. The growth of the segment is mainly because of the growing number of battery buses in China. For instance, Shenzen, a province in China, holds more number of battery electric buses than the complete fleet in the whole North America.

Thus, from a geographical standpoint, the regional segment of Asia Pacific is the most dominant one. Major contribution comes from China and the nation accounts for over 85% of the overall regional market. Other nations such as India, Indonesia, and Japan are expected to present lucrative business opportunities for the growth of the electric bus market.

Increasing Concerns about Quality of Breathable Air to Spur Adoption of Electric Buses

A key factor that has been driving the global electric bus market is growing demand for eco-friendly vehicles. These buses have a lower maintenance cost, which in turn is attracting a lot of interest from private firms for adoption. This too is expected to help in the development of the global market.

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Furthermore, the governments across the globe are offering high subsidies and rebates for adopting electric vehicles in public transport and private contractors are jumping to tap that opportunity. This factor coupled with increasing concerns about air pollution and the overall quality of breathable air all working in favor of the development of the global electric bus market.

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Electric Motorcycle and Scooter Market to Witness Robust Expansion Throughout the Forecast Period 2027

Electric motorcycles and scooters refers to two or three wheeled plug-in electric vehicles. The electricity that runs the vehicle is stored a rechargeable battery on the board. This rechargeable battery drives one or more electric motors. A surge in the government investment across the globe for the purpose of development of charging infrastructure and offering of incentives to buyer is boost the global electric motorcycle and scooter market. Such initiatives by the government will are likely to encourage original equipment manufacturers to expand their geographical presence.

Fushida, Gamma Technologies, Energica Motor Company S.p.A., Lima Electric Vehicle Co. Ltd., Shandong Incalu Electric Vehicle Co. Ltd., Mahindra & Mahindra Ltd., and Wuxi Yadea Export-Import Co., Ltd. are some of the companies profiled in the global electric motorcycle and scooter market.

Transparency Market Research (TMR) has prepared a study on the global electric motorcycle and scooter market, for the period 2019 to 2027. Expanding at a 7.1% CAGR, the global electric motorcycle and scooter market is estimated to surpass US$ 14.29 Bn through 2027.

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Driven by Large-Scale Manufacturing of Electric Vehicles, China to Lead the Market

In terms of region, the Asia Pacific is estimated to exert dominance over the global electric motorcycle and scooter market. Such regional supremacy of Asia Pacific is primarily due to the large-scale manufacturing, sale, and adoption of these products in China. The country alone has emerged as a leader in the global electric motorcycle and scooter market.

A rise in the emission together with government norms regulating the emissions in the environment is likely to encourage growth of the market in China. In addition to that, Chinese government is also offering subsidies, which has led to a rise in the adoption of these electric vehicles, thereby driving growth of the electric motorcycle and scooter market in the country.

Other major countries in Asia Pacific with growing adoption of two-wheeled electric motor vehicles are Taiwan, Japan, and India.

Low Noise and Rapid Improvement in the Performance to Stoke its Demand

Electric motorcycle and scooters are substantially quieter than existing scooters and motorcycles that run of traditional power systems. These vehicles are so very silent that pedestrians are often caught unaware of their presence on road. As such, the low-noise feature of the vehicle is likely to propel growth of the global electric motorcycle and scooter market. At present, most of the electric motorcycles and scooters are encouraged by operated by rechargeable lithium-ion batteries and sealed with lead acid batteries.

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Growing demand for alternative and clean fuels for various means of transport has emerged as growth factor for the global electric motorcycle and scooter market. These vehicles are quiet and lightweight when compared to vehicles running on traditional fuels.

In addition, the performance of such electric vehicles has witnessed rapid improvement since its inception. The performance is anticipated to improve further with the advancement of technology and its rapid adoption by the electric vehicle industry. Factors such as these are likely to shape the future of the global electric motorcycle and scooter market in the years to come.

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