Skillsoft Strengths, Domain Expertise, and Key Differentiators
Through a meticulously curated portfolio of top-tier content, a personalized platform tailored to individual customer needs, and a comprehensive network of strategic partners, Skillsoft drives sustained growth and performance for employees and their organizations. By effectively addressing critical skill gaps, unlocking human potential, and reshaping the workforce, Skillsoft remains at the forefront of transformative learning solutions.
With a catalog boasting over 150,000 expert-led skills-building courses spanning various modalities, including video, audio, instructor-led training, and practice labs, Skillsoft offers unparalleled learning experiences tailored to a diverse audience, from executives to frontline workers and avid readers to hands-on learners.
Skillsoft Recent Developments
In September 2024, Skillsoft launched a series of GenAI-powered enhancements to its learning platform, aimed at delivering a more personalized and efficient learning experience. Key updates include a Smart Content Discovery feature with an AI Assistant that offers tailored recommendations and support, and an AI Coaching Guide that complements human-led coaching with continuous feedback and motivation. Additionally, a new AI Learning Assistant for Codecademy provides personalized coding exercises and real-time guidance to help learners progress at their own pace.
Skillsoft Mergers and acquisitions (M&A) Activities
In September 2024, Skillsoft launched a series of GenAI-powered enhancements to its learning platform, aimed at delivering a more personalized and efficient learning experience. Key updates include a Smart Content Discovery feature with an AI Assistant that offers tailored recommendations and support, and an AI Coaching Guide that complements human-led coaching with continuous feedback and motivation. Additionally, a new AI Learning Assistant for Codecademy provides personalized coding exercises and real-time guidance to help learners progress at their own pace.
Skillsoft Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Skillsoft applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Skillsoft and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Skillsoft Percipio customers.
Skillsoft Overview
Ownership: - NYSE:SKIL
Number of Employees: 2200
Functional Market: Learning and Development,
Key Verticals: Aerospace and Defense, Automotive, Banking and Financial Services, Communication, Construction and Real Estate, CPG, Distribution, Education, Government, Healthcare, Insurance, Leisure and Hospitality, Life Sciences, Manufacturing, Media, Non Profit, Oil Gas Chemicals, Professional Services, Retail, Transportation, Utility,
Skillsoft Key Cloud and HCM Applications
Skillsoft Percipio
Skillsoft HCM and Cloud HCM Applications Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| HCM Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* HCM Applications Revenues = License + Support & Maintenance + SaaS ( Hardware and Prof. Services are Excluded )
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Skillsoft Revenue Breakdown by Type:
Skillsoft HCM Applications Revenues By Sub-Functional Markets, $M:
Split by Sub-Functional Markets | % of HCM Revenue in the HR Segment | 2024 HCM Revenues, By HR Segment, $M | |
Skillsoft HCM Applications Revenues By Verticals, $M:
Skillsoft Total and HCM Applications Revenues by Region:
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 HCM Applications Revenues, $M |
|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe |
Skillsoft Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Skillsoft Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Skillsoft Customers
No. of Skillsoft Customers: 14300
No. of Skillsoft HCM Applications Customers: 14300
No. of Skillsoft Cloud HCM Customers: 14300
No. of Skillsoft Cloud HCM Subscribers: 140 million
Skillsoft provides services to approximately 14,300 organizations. The platform not only facilitates accelerated learning but also fosters a culture of investment in employees. This approach encourages employees to reciprocate by investing their time and energy in the organization.
Top industries served by Skillsoft include Financial Services, Government/Public Sector, Healthcare, and Manufacturing.
Skillsoft Market Opportunities, M&A and Geo Expansions
Companies are looking for ways to train their teams in new technologies like Generative AI, cloud platforms, cybersecurity, and data. Skillsoft, with its rich library and tools like CAISY and AI Coaching Assistant, is well-positioned to meet this demand.
Skillsoft Risks and Challenges
Skillsoft has undergone significant transformation with the acquisitions of Global Knowledge, Pluma, and Codecademy, along with the divestiture of SumTotal. These strategic moves have enriched Skillsoft's corporate offerings, notably in information technology and development training through Global Knowledge, individualized coaching via Pluma, and expansion into consumer-focused solutions with Codecademy.
Despite these advancements, Skillsoft's operational history as a unified entity remains relatively limited, presenting challenges in evaluating its prospects and profitability. Like many companies in rapidly evolving industries, Skillsoft faces inherent risks and uncertainties, both historical and anticipated, associated with growth and market dynamics. Moreover, the consolidation of various entities introduces new complexities and potential vulnerabilities, necessitating prudent management and strategic planning to navigate successfully.
Skillsoft Ecosystem, Partners, Resellers and SI
In 2024, Skillsoft partnered with Microsoft to develop a Generative Artificial Intelligence (GenAI) training program. This initiative aims to help organizations train their employees in the effective and ethical use of GenAI technologies, such as Microsoft Copilot.
Skillsoft maintains direct sales coverage across North America and the majority of Europe, with specialized teams situated in India, Australia/New Zealand, and Singapore. In regions where direct coverage may be limited, particularly in key markets such as Asia (Japan, Korea, Southeast Asia), Latin America (LATAM), and Southern Europe, including Italy, the Middle East, North Africa (MENA), and South Africa, Skillsoft leverages strategic partnerships with direct resellers and original equipment manufacturers (OEMs). These strategic alliances play a pivotal role in supporting the Small and Medium-sized Business (SMB) and consumer markets where direct coverage may not be as extensive.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
https://www.appsruntheworld.com/taxonomy
https://www.appsruntheworld.com/FAQ
