Published Date: 31-Oct-2022
Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
According to a new report, published by KBV research, The Global Sales Training Software Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 14.2% CAGR during the forecast period.
The Cloud market is showcasing a CAGR of 18% during the forecast period. The rising popularity of cloud-based software as a result of its improved dependability and adaptability is anticipated to spur a favorable outlook for the industry. The segment's rise can also be attributed to the minimal maintenance costs and remote teaching capabilities of cloud-based deployment.
The Large Enterprises market acquired the maximum revenue share in the Global Sales Training Software Market by Organization Size in 2021, thereby, achieving a market value of $3.3 billion by 2028. A significant increase can be ascribed to the increasing adoption of sales training software by major businesses in an effort to improve their growth chances. The software solutions for sales training aid companies in creating a roadmap and executing their plans more efficiently and successfully.
The IT & Telecom market shows the high growth rate of 14.6% during (2022 - 2028). Customer churn has been a significant obstacle for telecom sales representatives, as it is one of the key drivers compelling telecom operators to invest more in maintaining their most valuable clients. The reorientation of IT and telecommunications firms toward sales training platforms to reduce customer churn rate is anticipated to drive segment growth.
The North America market dominated the Global Sales Training Software Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.7 billion by 2028. The Europe market is anticipated to grow at a CAGR of 13.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 15.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Salesforce, Inc., Zoho Corporation Pvt. Ltd., Mindmatrix, Inc., Allego, Inc., Brainshark, Inc. (Bigtincan Holdings), Mindtickle, Inc., Qstream, Inc., SalesHood, Inc., and Showpad, Inc.
By Deployment Type
By Organization Size
Unique Offerings from KBV Research