Global Cloud-based Training Software Market Size, Share & Trends by 2027

Global Cloud-based Training Software Market Size, Share & Trends by 2027

Cloud-based Training Software Market By Organization Size (SME, Large Organization), By Industry Vertical (BFSI, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, Other), and Regional Analysis 2020-2027

Global cloud-based training software market overview

The global cloud-based training software market is expected to gain high momentum in the upcoming few years. The market is anticipated to attend a growth rate of 7.2 % from 2020 to 2027. the training software offers a platform for storing training related documents videos, blogs useful for training sessions, The software also enables easy progress tracking off the user, and health providing necessary assistance through its platform.

The cloud-based training technologies have witnessed tremendous demand recently as corporates are focusing on providing insightful training to their employees. this software comes handy for or all the training related activities such as, onboarding, educating, development, assessment, and completion of training. Additionally, growing attention towards online education systems due to the availability of several mobile applications providing online education is expected to further boost the market demand. The education system is now moving from classroom-based theoretical knowledge to online interactive classes that provide valuable education and practical knowledge.

Global Cloud-based Training Software Market 2020-2027

The North American market witnessed a higher growth rate as the investment in this platform is huge in the North American region specifically the United States. Most of the major companies offering such software are from the US. The Asia Pacific region is growing study in this particular market as the importance of online training is rising In the regional market. 

Cloud-based Training Software Market — Organization Size Overview

Based on the organization the market has been segmented into small and medium organizations, and large organizations. The large organization segment accounted for the largest Market share in 2019, high budget allotment for the training activity and employee improvement programs is anticipated to drive the market growth. 

The small and medium organization segment is emerging at a substantial growth rate in the last few years, as most of the cloud-based training software companies are offering economic solutions for targeting the small and medium organization requirements. There is a lack of information about such software in the small and medium companies, the software provider needs to create awareness about their product to improve its market share.

Cloud-based Training Software Market — Industry Vertical Overview

The Global cloud-based training software can be segmented based on industry vertical into Banking, Financial Services, and Insurance, Aerospace & Defense, Healthcare, Public Sector, IT & Telecom, and Other.

The IT & Telecom sector accounted for the largest cloud-based training software market share in 2019 and it is expected to continue to dominate the market for the forecast period. Changing technological dynamics has created substantial pressure on information technology companies to upgrade their employee skill level in order to sustain in the industry; therefore many IT companies have launched continuous skill improvement programs for keeping their employee updated about the new technologies in the industry. Cloud-based training software helps companies to offer virtual training to their employees situated in different parts of the world, is consolidated training also helps companies to maintain their standard operating procedures throughout the branches via online training.

Global Cloud-based Training Software Market, By Organization Size, 2019

The banking financial services and insurance segment is expected to grow at the fastest growth rate between 2020 to 2027. Changing government regulations for financial institutes and continuously evolving financial inclusion Initiatives as mandated banks and financial institutes to provide training to their employees on regular basis to keep them updated about new regulatory norms; therefore the cloud-based trading software market is expected to grow in this particular segment.

Cloud-based Training Software Market — Regional Overview

The North America cloud-based software market in 2019, the presence of a large number of IT companies, stringent government regulations, and high technological adoption rate in the region is anticipated to drive the market growth. The United States has the presence of a large number of cloud-based training software providing companies, It also has one of the largest user markets for such software; therefore the market is expected to witness high growth in the U.S. in upcoming years.

Cloud-based Training Software Market — Regional Analysis, 2019

The Asia Pacific region is emerging as the fastest-growing market for cloud-based training software and services; The region is witnessing a substantial increment in the number of MNC IT companies and Banks. 

Top companies operating in the cloud-based training software market

  • Adobe Systems
  • Cornerstone OnDemand
  • Ario
  • BitKea Technologies
  • Trivantis
  • Zoho
  • SkyPrep.com
  • Schoox
  • School Keep
  • Quick Base
  • ProProfs.com
  • PowerSchool
  • People Fluent
  • Mind flash
  • Master Control
  • Litmos
  • Learning Stone
  • JoomlaLMS
  • Intelex Technologies
  • Inquisiq LMS
  • G-Cube
  • Expertus
  • Epignosis
  • EtQ
  • Elucidat
  • eLearning247
  • EduBrite Systems
  • Docebo
  • Course play
  • Converge Point
  • Configio
  • Bit Kea Technologie
  • Arlo

Market segmentation

  • Cloud-based Training Software — Organization Size Overview
    • Small and Medium Scale
    • Large Organization
  • Cloud-based Training Software — Industry Vertical Overview
    • Banking, Financial Services, and Insurance
    • Aerospace & Defense
    • Healthcare
    • Public Sector
    • IT & Telecom
    • Other
  • Cloud-based Training Software — Regional Overview
    • North America
      •  United States
      •  Canada
    •  Europe
      •  United Kingdom
      •  Germany
      •  France
      •  Italy
      •  Rest of Europe
    •  Asia Pacific
      •  China
      •  India
      •  Japan
      •  South Korea
      •  Taiwan
      • Rest of Asia Pacific
    •  Latin America
      • Brazil
      • Mexico
    •  Rest of the world

Who shall buy this report?

  • Cloud-based training software development companies
  • Cloud-based training software distributor/traders/wholesalers
  • Private investors
  • Consultants and advisory firms
  • Downstream vendors
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