The cloud-based training software market is expected to register a CAGR of 10.1% during 2023–2031. Microlearning bite-sized content and adaptive learning technologies are likely to remain key trends in the market.
Cloud-Based Training Software Market Analysis
- An ever-evolving ecosystem of cloud-based training software is booming, underpinned by billions of dollars of new investment and innovation. Tech giants are chasing small startups, leading to fierce competition for traction, both with education providers and important end-users such as government organizations and NGOs.
- Key trends include a move to AI-informed personalization, mobile-first approaches and integration with broader HR tech stacks; and, with the acceleration of demand wrought by the COVID-19 pandemic, specific vertical sectors such as healthcare and education have also emerged as hotspots of adoption.
- As organizations focus on the challenges of training and reskilling a remote and flexible workforce, the market is set on an upward trajectory, with user engagement as the key measurement of quality.
Cloud-Based Training Software Market Overview
- As organizations embrace the new culture of remote working, the cloud-based training software market is fast growing across diversified industry verticals. The market has been gaining traction, especially after the onset of COVID-19, which has put focus on flexible, cloud-based, and scalable learning solutions as remote education has become a prevalent and long-lasting trend.
- Organizations are adopting learning platforms that offer seamless integration with various systems, a great user experience, and strong analytics. Influenced by social, technological, and economic status, the market is quite competitive, with different players attempting their best for market share.
- Among other factors, micro-learning, mobile-friendly content, and AI-driven personalization are currently seen as key focus areas. The market is slated to grow at a significant pace as digital transformation takes charge of industries, especially in verticals such as technology, healthcare, and finance.
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Cloud-Based Training Software Market: Strategic Insights
Cloud-Based Training Software Market
-
Market Size 2023
US$ XX Billion
-
Market Size 2031
US$ XX Billion
Market Dynamics
GROWTH DRIVERS
- Remote work adoption, the need for continuous skill development
FUTURE TRENDS
- Personalized Learning Experience
OPPORTUNITIES
- Microlearning bite-sized content, adaptive learning technologies
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Organization Size
- Small and Medium Enterprises
- Large Enterprises
Industry Vertical
- BFSI
- Aerospace and Defense
- Healthcare
- Public Sector
- IT and Telecom
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Customize This Report To Suit Your Requirement
You will get customization on any report - free of charge - including parts of this report, or country-level analysis, Excel Data pack, as well as avail great offers and discounts for start-ups & universities
Cloud-Based Training Software Market: Strategic Insights
-
Market Size 2023
US$ XX Billion -
Market Size 2031
US$ XX Billion
Market Dynamics
- Remote work adoption, the need for continuous skill development
- Personalized Learning Experience
- Microlearning bite-sized content, adaptive learning technologies
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Small and Medium Enterprises
- Large Enterprises
- BFSI
- Aerospace and Defense
- Healthcare
- Public Sector
- IT and Telecom
- Get Top Key Market Trends of this report.This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Cloud-Based Training Software Market Drivers and Opportunities
Remote Work Adoption to Favor the Market
- Enables employees to access training resources at any time and from anywhere, supporting distributed teams.
- Training for remote workers can take place when they choose and use the equipment of their choosing.
- As a remote workforce grows and contracts, cloud platforms readily scale up or down to accommodate fluctuating numbers of users.
- Many of these tools have built-in features that support virtual learning and collaborative knowledge-sharing among team members.
- As learning becomes an ongoing process, remote workplaces will increasingly use cloud-based equipment to develop and train employees.
Personalized Learning Experience
- Personalized content increases engagement and motivation, leading to better learning outcomes.
- Adaptive learning paths remove overall time wasted on irrelevant material and thereby improve the efficiency of training.
- Personalization needs are growing in demand for AI and machine learning across learning and performance support systems.
- In order to personalize, providers need to develop more sophisticated use of tracking and analysis tools.
- Personalized learning allows organizations to close individual skill gaps more effectively.
Cloud-Based Training Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the cloud-based training software market analysis are organization size and industry vertical.
- Based on organization size, the cloud-based training software market is divided into small and medium enterprises and large enterprises.
- Based on the industry vertical, the cloud-based training software market is divided into BFSI, aerospace and defense, healthcare, public sector, it and telecom, and others.
Cloud-Based Training Software Market Share Analysis by Geography
- Cloud-Based Training Software Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Cloud-Based Training Software market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Cloud-Based Training Software market in these regions.
Cloud-Based Training Software Market Market Report Scope
Report Attribute
Details
Market size in 2023
US$ XX Billion
Market Size by 2031
US$ XX Billion
Global CAGR (2023 - 2031)
10.1%
Historical Data
2021-2023
Forecast period
2024-2031
Segments Covered
By Organization Size - Small and Medium Enterprises
- Large Enterprises
By Industry Vertical - BFSI
- Aerospace and Defense
- Healthcare
- Public Sector
- IT and Telecom
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Adobe Cornerstone OnDemand, Inc. Docebo GnosisConnect LearningStone Mindflash Paradis Solutions Peoplefluent SAP Litmos TalentLMS
Cloud-Based Training Software Market Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ XX Billion |
Market Size by 2031 | US$ XX Billion |
Global CAGR (2023 - 2031) | 10.1% |
Historical Data | 2021-2023 |
Forecast period | 2024-2031 |
Segments Covered |
By Organization Size
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Cloud-Based Training Software Market News and Recent Developments
The cloud-based training software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the cloud-based training software market are listed below:
- Adobe (Nasdaq:ADBE) announced the availability of Acrobat AI Assistant for enterprise customers. Acrobat AI Assistant features are now available through an add-on subscription to all Reader and Acrobat enterprise and individual customers across desktop, web and mobile. Deeply integrated into Acrobat workflows, Acrobat AI Assistant is a generative AI-powered conversational engine that can be easily deployed in minutes, instantly unlocking new levels of document productivity for every knowledge worker across the enterprise. (Source: Adobe, Press Release, May 2024)
Cloud-Based Training Software Market Report Coverage and Deliverables
The “Cloud-Based Training Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Cloud-based training software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Cloud-based training software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Cloud-based training software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the cloud-based training software market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Cloud-Based Training Software market is expected to grow at a CAGR of 10.1% during the forecast period 2023 - 2031.
Microlearning bite-sized content and adaptive learning technologies are likely to remain key trends in the market.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The leading players operating in the cloud-based training software market are Adobe, Cornerstone OnDemand, Inc., DoceboÂ, GnosisConnect, LearningStone, Mindflash, Paradis Solutions, Peoplefluent, and SAP Litmos.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Remote work adoption and the need for continuous skill development are expected to drive the cloud-based training software market.
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The List of Companies
1. Adobe
2. Cornerstone OnDemand, Inc.
3. DoceboÂ
4. GnosisConnect
5. LearningStone
6. Mindflash
7. Paradis Solutions
8. Peoplefluent
9. SAP Litmos
10. TalentLMS