[344 Pages Report] The sales training and onboarding software market is anticipated to have a steady CAGR of 8.2% during the period 2022 to 2032.
The sales training and onboarding software market size is predicted to grow from US$ 4.4 Billion in 2022 to US$ 9.6 Billion in 2032. Previously, the market was thriving at a higher CAGR of 8.9% (2016 to 2021), resulting in the sales training and onboarding software market size of US$ 4 Billion in 2021.
The influence of technology has reached the shores of many developing Asian Pacific countries, such as India and China. As a result, these are becoming more digital, likely offering sales training and onboarding software providers with an edge to expand in territories with low overhead costs. Furthermore, the increased use of technology is propelling the sales training and onboarding software market in the Middle East and Africa (MEA) and South America to pace with the already digitalized world.
In addition to this, employee onboarding solutions are predicted to grow in popularity across all industrial verticals, propelling the sales training and onboarding software market in these areas over the forecast period.
| Attributes | Details |
|---|---|
| Sales Training and Onboarding Software Market CAGR (2022 to 2032) | 8.2% |
| Sales Training and Onboarding Software Market Size (2022) | US$ 4.4 Billion |
| Sales Training and Onboarding Software Market Size (2032) | US$ 9.6 Billion |
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The sales training and onboarding software market grew at a CAGR of 8.9% in the pre-pandemic period. This has reduced to a growth rate of 8.2% in the post-pandemic era of 2022 to 2032.
The impact of Covid-19 has been immensely hard to adapt to, but the sales training and onboarding software market has improved its share in the global market nonetheless. The sales training and onboarding software market in APAC is projected to increase more quicker than the market in other regions.
Over the projected period, the growth of APAC's product-based sales training market will be aided by an increase in the number of small and medium enterprises (SMBs) and multinational corporations (MNCs) and greater use of cost-effective training. The impact of the pandemic has been dealt with rapidly for the development of a mature sales training and onboarding software market.
Employee onboarding software is a tool for coordinating new employee onboarding and streamlining administrative tasks. Everything simplifies the process by removing paperwork and combining it into a single system.
The sales training and onboarding software market expansion is being fuelled by increased demand for lowering time spent on repetitive work, increasing time spent on employee relationship-building and engagement initiatives, and increasing acceptance of the newest technologies in companies.
The demand for sales training and onboarding software is being driven by the software's smooth transition for new hires. During the forecast period, the tool's integration with other enterprise resource planning software (ERPS), such as recruiting processes, training tools, and so on, is expected to boost demand for employee onboarding software.
Paper costs and waste are significantly reduced while using employee onboarding software. The sustainability aspect linked with the sales training and onboarding software is predicted to significantly stimulate the sales training and onboarding software market adoption trends as the planet is facing persistent and extensive dangers of climate change.
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The sales training and onboarding software market may be hampered by the poor adoption rate of this software among small and medium-sized businesses due to inept budgeting.
While the sales training and onboarding software market has recovered significantly from the negative influence of the pandemic, the high competitiveness among the market players is getting difficult to manage.
As per the sales training and onboarding software market analysis, sales training is becoming increasingly popular among firms because it gives information in bite-sized chunks. Learners can obtain just-in-time training in specific skills or topics, ensuring that they have the right product knowledge at the right time.
Due to increased corporate competition and changing business needs, MNCs and SMBs have been encouraged to introduce new things regularly. New things must be taught to salespeople in such organizations in a short period of time before they are released to the market. This is helping the players carve out new trends in the sales training and onboarding software market.
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Large enterprises and SMEs are the two segmentation areas in the sales training and onboarding software market. This classification is made on the basis of the application of sales training and onboarding software.
By region, the sales training and onboarding software market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
The cloud-based segment is projected to lead the sales training and onboarding software market with a CAGR of 8.1% throughout the forecast period. Employee onboarding software allows employees to be more productive and integrate more quickly into their teams. It also enables the employees and the recruiting manager to keep track of paperwork and training. This has positively impacted the sales training and onboarding software market trends.
The rising adoption of the cloud-based deployment model is propelling the demand for sales training and onboarding software at a rapid pace.
| Regions | CAGR (2022 to 2032) |
|---|---|
| United States | 8% |
| United Kingdom | 7.2% |
| China | 7.7% |
| Japan | 6.7% |
| South Korea | 5.8% |
The sales training and onboarding software market is divided into four regions: North America, Europe, Asia Pacific, and the Rest of the World. North America led the sales training and onboarding software market, followed by Europe, APAC, South America, and MEA.
The APAC region, on the other hand, is expected to witness the largest incremental growth in the sales training and onboarding software market adoption over the forecast period due to factors such as rising acceptance of cost-effective training and an increase in the number of SMBs and MNCs.
As most vendors operating in the sales training and onboarding software market are situated in the USA, the market is likely to grow at a high rate. Furthermore, the region is at the forefront of sophisticated technology usage.
Many growing Asian Pacific countries, such as India and China, are becoming more digital. Furthermore, enhanced technology use is propelling the sales training and onboarding software market in the Middle East and Africa (MEA) and South America. The key players attempt to achieve a significant impact by bridging the gap between technology and the market.
Employee onboarding solutions are predicted to grow in popularity across practically all industrial verticals, propelling the market in these areas over the forecast period.
Due to the changing sales training and onboarding software market outlook, several companies prioritize new launches, product approvals, and other sustainable growth techniques, including patents and events.
Acquisitions, partnerships, & collaborations were two inorganic growth tactics seen in the sector to improve sales training and onboarding software adoption. These initiatives have paved the road for market players to expand their businesses and challenge incumbent players to develop their client base.
With the increased demand for sales training and onboarding software in the worldwide market, market participants in the sales training and onboarding software market are expected to benefit from lucrative growth prospects in the future.
The sales training and onboarding software market is projected to have a CAGR of 8.2% by 2032.
USA is the leading region for the sales of sales training and onboarding software, with an anticipated CAGR of 8% by 2032.
Cloud Based segment leads the sales training and onboarding software market with the projected CAGR of 8.1% by 2032.
The sales training and onboarding software market size is predicted to grow to US$ 9.6 Billion by 2032.
Large Enterprise segment leads the market with the projected CAGR of 7.9% by 2032.
1. Executive Summary | Sales Training and Onboarding Software Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.1.1. COVID-19 Crisis and Impact on Demand 3.1.2. COVID-19 Impact Benchmark with Previous Crisis 3.1.3. Impact on Market Value (US$ Million) 3.1.4. Assessment by Key Countries 3.1.5. Assessment by Key Market Segments 3.1.6. Action Points and Recommendation for Suppliers 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Market (US$ Million) 4.2. Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in Optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032 6.1. Historical Market Analysis, 2015 to 2021 6.2. Current and Future Market Projections, 2022 to 2032 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032 7.1. Historical Market Value (US$ Million) Analysis, 2015 to 2021 7.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2032 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Type 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Type, 2015 to 2021 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Type, 2022 to 2032 8.3.1. On-Premises 8.3.2. Cloud Based 8.4. Market Attractiveness Analysis By Type 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Application, 2015 to 2021 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Application, 2022 to 2032 9.3.1. Large Enterprises 9.3.2. SMEs 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Million) Analysis By Region, 2015 to 2021 10.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2022 to 2032 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 11.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 11.4.1. By Country 11.4.1.1. United States of America 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Type 11.4.3. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Type 11.5.3. By Application 12. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 12.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Type 12.4.3. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Type 12.5.3. By Application 13. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. United Kingdom 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Type 13.4.3. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Type 13.5.3. By Application 14. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Type 14.4.3. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Type 14.5.3. By Application 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2015 to 2021 15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2022 to 2032 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Type 15.4.3. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Type 15.5.3. By Application 16. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. US Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.2.2.1. By Type 16.2.2.2. By Application 16.3. Canada Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.3.2.1. By Type 16.3.2.2. By Application 16.4. Mexico Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.4.2.1. By Type 16.4.2.2. By Application 16.5. Brazil Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.5.2.1. By Type 16.5.2.2. By Application 16.6. Germany Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.6.2.1. By Type 16.6.2.2. By Application 16.7. France Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.7.2.1. By Type 16.7.2.2. By Application 16.8. Italy Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.8.2.1. By Type 16.8.2.2. By Application 16.9. BENELUX Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.9.2.1. By Type 16.9.2.2. By Application 16.10. UK Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.10.2.1. By Type 16.10.2.2. By Application 16.11. Nordic Countries Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.11.2.1. By Type 16.11.2.2. By Application 16.12. China Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.12.2.1. By Type 16.12.2.2. By Application 16.13. Japan Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.13.2.1. By Type 16.13.2.2. By Application 16.14. South Korea Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.14.2.1. By Type 16.14.2.2. By Application 16.15. GCC Countries Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.15.2.1. By Type 16.15.2.2. By Application 16.16. South Africa Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.16.2.1. By Type 16.16.2.2. By Application 16.17. Turkey Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2015 to 2032 16.17.2.1. By Type 16.17.2.2. By Application 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional Footprint of Players 17.4.2. Product Footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Showpad 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. MindTickle 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. Lessonly 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. Allego 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. Brainshark 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. Bridge 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. LevelJump 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. SalesHood 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. Qstream 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 18.3.10. TalentLMS 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Sales Footprint 18.3.10.4. Strategy Overview 18.3.11. Mindmatrix 18.3.11.1. Overview 18.3.11.2. Product Portfolio 18.3.11.3. Sales Footprint 18.3.11.4. Strategy Overview 18.3.12. PointForward 18.3.12.1. Overview 18.3.12.2. Product Portfolio 18.3.12.3. Sales Footprint 18.3.12.4. Strategy Overview 18.3.13. CommercialTribe 18.3.13.1. Overview 18.3.13.2. Product Portfolio 18.3.13.3. Sales Footprint 18.3.13.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
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Sales Training and Onboarding Software Market
