Global Online Training Software Market by Type (Cloud-based, On-premises), By Application (Large Enterprised, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online training software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online training software from large enterprises and SMEs across different regions. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing to the growth of this market. On-premises type segment is expected to hold a major share in the global online training software market during the forecast period owing to its advantages such as security and control over data. However, cloud-based type segment is projected to grow at a higher CAGR during the forecast period due its advantages such as scalability, affordability, and easy accessibility.



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Product Definition:

An online training software is a type of learning management system (LMS) that enables trainers to design, deliver, and track e-learning courses. It also allows learners to access course content, complete assignments, and participate in discussion forums. Online training software is important because it makes it easier for trainers to create and manage e-learning courses. It also provides learners with an easy way to access course content and participate in discussions with other students.

Cloud-based:

Cloud-based software is a type of Software as a Service (SaaS) that delivers software over the internet and can be remotely accessed by multiple users from any location. The SaaS model involves less capital investment for end-users since it eliminates the need for purchasing and setting up hardware servers, which reduces operational costs. Cloud-based solutions are also easier to deploy than traditional on-premise solutions as there is no need to install additional hardware or develop customized applications.

On-premises:

On-premises is a computer software or hardware system installed at the organization's main office to provide services and solutions to users. On-premises can be used in various applications such as training & education, customer relationship management, enterprise resource planning, order management and inventory control.

The global on-premises and it's usage in online training software market size was valued at USD 2.05 billion in 2016 which is expected to grow at a CAGR of 8.

Application Insights:

The large enterprise application segment accounted for the largest revenue share of over 60% in 2017. The segment is driven by factors such as growing demand for skilled employees, rapid growth of companies and increasing focus on digital transformation. Large enterprises usually have a robust IT infrastructure with a well-established network; these factors allow them to effectively implement online training software solutions.

SMEs are expected to be the fastest-growing application segment from 2018 to 2030 due to an increase in penetration of internet connectivity, rising adoption rate among small businesses and rapid growth of ecommerce industry across the globe. SMEs lack proper IT infrastructure; however, they possess limited knowledge about online technology implementation so that they can access remote users or employees through web conferencing or screen sharing feature provided by online training software providers like TrainSignal Ltd., WebEx LLC., GoToWebinar Inc., etc.

Regional Analysis:

North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to high internet penetration, presence of a large number of training institutes and organizations, and increasing demand for online learning programs across various sectors including healthcare, engineering & technology, business management & accounting etc. Moreover, growing awareness about e-learning programs among employees is anticipated to propel regional growth over the next eight years.

Asia Pacific online training software market is projected to grow at a lucrative rate over the forecast period owing to increasing government initiatives for education development coupled with rising investments by companies in this region for employee development programmingsuch as on-site/in-house Training (OSIT), off-site Training (OTS), On Demand Learning (ODL)and Blended Learning (BL). These factors are likely contribute significantly toward regional growth over the coming years.

Growth Factors:

Increasing demand for online training software from small and medium-sized businesses (SMBs) due to the growing awareness of the benefits of online training software.
The increasing trend of BYOD (Bring Your Own Device) in enterprises, which is driving the demand for online training software that can be accessed from any device.
Rapid growth in mobile learning, which is fueling the demand for online training software that offers mobile learning capabilities.
The increasing use of social media platforms for learning and professional development, which is boosting the demand for online training software that integrates social media features into its learning platform.
Growing popularity of microlearning among corporate learners, who are looking for shorter and more targeted courses delivered through an easy-to-use interface


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Training Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Large Enterprised, SMEs
By Companies
Arlo, iHasco, Administrate, Trivantis, EduBrite, Northpass, BizLibrary, WorkRamp, TIME To KNOW, DigitalChalk, Convergence LMS, Aktiv Mind LMS, Articulate, Pragmatic Works
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
150
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.

Global Online Training Software Market Report Segments:
The global Online Training Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprised, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Arlo
iHasco
Administrate
Trivantis
EduBrite
Northpass
BizLibrary
WorkRamp
TIME To KNOW
DigitalChalk
Convergence LMS
Aktiv Mind LMS
Articulate
Pragmatic Works



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Highlights of The Online Training Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-based
On-premises
By Application:
Large Enterprised
SMEs
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Training Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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