Global Cloud-based Training Software Market 2017-2021

Overview of the global cloud-based training software market

Technavio’s market research report predicts that the global cloud-based training software market will grow at a CAGR of more than 9% during the forecast period. The increased necessity to automate training processes is one of the primary drivers for market growth. Automating training processes saves time and the data generated by training modules is valued better as it helps in mapping out future projects, augmenting training success rate, and improving processes to increase the ROI. The automated training not only makes training process easier but can also fuse in other quality processes to improve visibility across processes and result in better communication. Moreover, these training management systems assure that all the employees are effectively trained and continuously verified on the training, resulting in the establishment of a knowledgeable workforce and updated responsibilities.

The emergence of mobile learning is one of the latest trends that will contribute to the growth of the cloud-based training software market in the coming years. The growing use of mobile devices in talent management processes is driving vendors to introduce training-specific mobile apps or mobile-friendly websites. Programs such as BYOD allow employees to work remotely and organizations are prioritizing on mobile-learning since it assists them in delivering online training materials to handheld devices. Due to these advancements, the vendors are introducing cloud technology that can be accessed with the help of mobile devices. Moreover, the cloud-based training software provided by vendors is designed with the help of HTML5 and are compatible with several web browsers and mobile OS, offering better performance, enriched multimedia, and connectivity. This will further result in the creation of enterprise-wide mobile apps instead of browser apps.

Competitive analysis and key vendors

The global cloud-based training software market consists of a large number of training software providers. According to the cloud based training software industry analysis research report, the market includes numerous new players and specialized providers that are concentrating on specific business applications. To sustain in this competitive market, vendors have the need to provide functionalities that cater to the different business requirements of their target customers. 

Key vendors in the market are:

• Adobe Systems
• Cornerstone OnDemand
• Trivantis
• Saba Software

Other prominent vendors include Arlo, BitKea Technologies , Configio, ConvergePoint, Courseplay, Docebo, EduBrite Systems, eLearning247, Elucidat, Epignosis, EtQ, Expertus, G-Cube, Inquisiq LMS, Intelex Technologies, JoomlaLMS, LearningStone, Litmos, MasterControl, Mindflash, Peoplefluent, Powerschool, ProProfs.com, QuickBase, SchoolKeep, Schoox, SkyPrep.com, and Zoho.

Segmentation by end-user and analysis of the cloud-based training software market

• IT
• Education
• Banking, financial services, and insurance (BFSI)

During 2016, the IT segment dominated the cloud-based training software market share and is expected to continue its dominion over the next four years. The growing demand for cost-efficient training solutions among many companies and the constant pressure on corporates to upgrade their technologies, will drive the adoption of cloud-based training software in organizations. This will have a positive impact on the cloud based training software market growth and cloud based training software market value. 

Geographical segmentation and analysis of the cloud-based training software market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the majority of shares of the cloud-based training software market during 2016. Since the introduction of corporate training, the Americas is the pioneer in introducing job-related and skills-related training, which has been extensively followed around the world. The region is foreseen to continue its market dominance during the forecast period as well and this is mainly due to the increased demand for corporate training and the presence of numerous MNCs and other large organizations.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global cloud-based training software market?
• What are the key market trends impacting the growth of the global cloud-based training software market?
• What are the challenges to market growth?
• Who are the key vendors in the global cloud-based training software market?
• What are the market opportunities and threats faced by the vendors in the global cloud-based training software market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA .
• What are the key outcomes of the five forces analysis of the global cloud-based training software market?

Technavio also offers customization on reports based on specific client requirement.

Training access through the Internet on a computer is called as cloud-based training. The globalization of business has led to the growth of cloud-based training. This upcoming market research report by Technavio is an integral part of the ICT portfolio and provides dynamic information on rapid growth markets like data center and IT security. With an aim to aid clients register a strong edge over the other players, Technavio presents important knowledge on the demand-supply shifts and also lists down all the principal vendors in the ICT industry.

To successfully predict the enterprise application industry’s growth outlook, Technavio’s team of market research experts follow a combination of primary and secondary research techniques and also perform an in-depth analysis of various market features such as technological advancements and the different products and services covering the globe. To help clients form new strategies for growth, our upcoming industry research report on the global cloud-based training market for the forecast period of 2017 to 2021 discloses executable insights conceived from the data collected from sources of information such as manufacturers, suppliers, regulatory bodies, and decision makers. Technavio also provides market reports modified according to the requirements of clients, which can help local and global players fortify their position in the ICT industry.

This upcoming industry research report on the global cloud-based training market takes into account the growth of related markets such as property management software, which is expected to grow at a CAGR of above 5% by 2021. The upcoming industry research report on the global cloud-based training market highlights the market drivers, developing market trends, and setbacks faced by the vendors in the ICT industry and also presents deep insights into cloud computing.