Product Code: GVR-4-68039-981-0
Sales Training Software Market Growth & Trends:
The global sales training software market size is anticipated to reach USD 6.11 billion by 2030, registering a CAGR of 14.0% from 2022 to 2030, according to a new report by Grand View Research, Inc. The industry growth can be attributed to the paradigm shift in the focus of the incumbents of various end-use industries to reduce the time employees spend on repetitive tasks and devote the time saved to other customer engagement and relationship management activities. The sales training software can particularly help end-use enterprises in improving employee productivity, boosting product sales, and utilizing resources efficiently. Benefits associated with the adoption of such software include easy sales content creation and streamlined sales enablement.
The software also offers critical sales metrics measurements. Several organizations are looking to leverage advanced sales enablement solutions featuring technologies, such as Machine Learning (ML) & Artificial Intelligence (AI), to allow their sales and marketing teams more time to close deals and make connections. The AI-powered solution automates various tedious tasks in the sales training, such as generating analytics reports and drafting personalized content as per their interests, & business requirements. AI-driven sales training solutions offer sales teams easy mobile access to significant sales functions, which helps them achieve higher win rates and provide better experiences to prospects.
These advancements are expected to further boost the industry's growth during the forecast period. Key players are investing in R&D to develop innovative solutions to attract potential business clients and, thus, increase revenues. For instance, in October 2020, Highspot unveiled its sales enablement platform, which offers new sales training capabilities with a scorecard function for holistic evaluation and assessment of the sales personnel. The platform allows managers to create and manage virtual sales programs easily and train the sales team to meet sales targets. Managers can also obtain detailed insights into the performances of the sales personnel via a 360-degree analytics report.
Sales Training Software Market Report Highlights:
- The cloud-based segment is expected to grow significantly from 2022 to 2030. Various companies are focusing on migrating their sales training software to a cloud platform to reduce maintenance costs and increase the revenue stream
- For instance, in April 2022, RAIN GROUP, a sales training company, collaborated with ValueCore, a cloud-based ROI platform company, to enable sales & marketing companies to represent entrancing value propositions to their customers
- The SME segment is expected to observe a rapid CAGR during the forecast period as SMEs are adopting sales training software to train their marketing & sales representatives to improve their brand identity worldwide in a minimum time
- The IT & telecom segment is anticipated to experience notable growth during the forecast period as the IT & telecom companies are focusing on increasing the customer retention rate through effective marketing & sales strategy
- Asia Pacific is expected to register the fastest CAGR from 2022 to 2030 due to the increasing focus of end-use firms on sales training and enablement platforms to convert maximum leads into customers and stay competitive in their respective industries
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research Methodology
- 1.2 Research Scope and Assumptions
- 1.2.1 Purchased Database
- 1.2.2 GVR'S Internal Database
- 1.2.3 List of secondary sources
- 1.2.4 Primary Research
- 1.3 List of Data Sources
- 1.4 Market Formulation & Publishing
- 1.5 Data Validation & Publishing
Chapter 2 Executive Summary
- 2.1 Sales Training Software Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
- 2.2 Global Sales Training Software Market, 2017 - 2030
- 2.2.1 Global sales training software market, By Region, 2017 - 2030 (USD Million)
- 2.2.2 Global sales training software market, By Deployment, 2017 - 2030 (USD Million)
- 2.2.3 Global sales training software market, By Enterprise Size, 2017 - 2030 (USD Million)
- 2.2.4 Global sales training software market, By End Use, 2017 - 2030 (USD Million)
Chapter 3 Sales Training Software Industry Outlook
- 3.1 Market Segmentation and scope
- 3.2 Market size and growth prospects
- 3.3 Sales training software Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.2 Market challenge analysis
- 3.3.3 Market opportunity analysis
- 3.4 Value Chain Analysis
- 3.5 Market Analysis Tools
- 3.5.1 Sales training software Industry Analysis - Porter's
- 3.5.2 Sales training software Industry Analysis - PEST
- 3.6 Impact of COVID on sales training software Market
Chapter 4 Sales Training Software Deployment Outlook
- 4.1 Sales Training Software Market Share By Deployment, 2021
- 4.2 Cloud
- 4.2.1 Cloud sales training software market, by region, 2017 - 2030 (USD Million)
- 4.3 On-premise
- 4.3.1 On-premise sales training software market, by region, 2017 - 2030 (USD Million)
Chapter 5 Sales Training Software Enterprise Size Outlook
- 5.1 Sales Training Software Market Share By Enterprise Size, 2021
- 5.2 Large Enterprsie
- 5.2.1 Sales training software market for large enterprise, by region, 2017 - 2030 (USD Million)
- 5.3 Small & Medium Enterprise
- 5.3.1 Sales training software market for small & medium enterprise, by region, 2017 - 2030 (USD Million)
Chapter 6 Sales Training Software End-use Outlook
- 6.1 Sales Training Software Market Share By End Use, 2021
- 6.2 BFSI
- 6.2.1 Sales training software market in BFSI, by region, 2017 - 2030 (USD Million)
- 6.3 Automotive
- 6.3.1 Sales training software market in automotive, by region, 2017 - 2030 (USD Million)
- 6.4 Retail
- 6.3.1 Sales training software market in retail, by region, 2017 - 2030 (USD Million)
- 6.5 Healthcare
- 6.5.1 Sales training software market in healthcare, by region, 2017 - 2030 (USD Million)
- 6.6 IT & Telecom
- 6.6.1 Sales training software market in IT & telecom, by region, 2017 - 2030 (USD Million)
- 6.7 Discrete Manufacturing
- 6.7.1 Sales training software market in discrete manufacturing, by region, 2017 - 2030 (USD Million)
- 6.8 Government & Education
- 6.8.1 Sales training software market in government & education, by region, 2017 - 2030 (USD Million)
- 6.9 Others
- 6.9.1 Sales training software market in other end use, by region, 2017 - 2030 (USD Million)
Chapter 7 Sales Training Software Regional Outlook
- 7.1 Sales Training Software Market Share, By Region, 2021 and 2030
- 7.2 North America
- 7.2.1 North America sales training software market, 2017 - 2030 (USD Million)
- 7.2.2 North America Sales Training Software market, by deployment, 2017 - 2030 (USD Million)
- 7.2.3 North America sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.2.4 North America sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.2.5 U.S.
- 7.2.5.1 U.S. sales training software market, 2017 - 2030 (USD Million)
- 7.2.5.2 U.S. sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.2.5.3 U.S. sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.2.5.4 U.S. sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.2.6 Canada
- 7.2.6.1 Canada sales training software market, 2017 - 2030 (USD Million)
- 7.2.6.2 Canada sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.2.6.3 Canada sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.2.6.4 Canada sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.3 Europe
- 7.3.1 Europe sales training software market, 2017 - 2030 (USD Million)
- 7.3.2 Europe sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.3.3 Europe sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.3.4 Europe sales training software market, by end use 2017 - 2030 (USD Million)
- 7.3.5 U.K.
- 7.3.5.1 U.K. sales training software market, 2017 - 2030 (USD Million)
- 7.3.5.2 U.K. sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.3.5.3 U.K. sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.3.5.4 U.K. sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.3.6 Germany
- 7.3.6.1 Germany sales training software market, 2017 - 2030 (USD Million)
- 7.3.6.2 Germany sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.3.6.3 Germany sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.3.6.4 Germany sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.4 Asia Pacific
- 7.4.1 Asia Pacific sales training software market, 2017 - 2030 (USD Million)
- 7.4.2 Asia Pacific sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.4.3 Asia Pacific sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.4.4 Asia Pacific sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.4.5 China
- 7.4.4.1 China sales training software market, 2017 - 2030 (USD Million)
- 7.4.4.2 China sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.4.4.3 China sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.4.4.4 China sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.4.5 India
- 7.4.5.1 India sales training software market, 2017 - 2030 (USD Million)
- 7.4.5.2 India sales training software market, by software deployment, 2017 - 2030 (USD Million)
- 7.4.5.3 India sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.4.5.4 India sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.4.6 Japan
- 7.4.6.1 Japan sales training software market, 2017 - 2030 (USD Million)
- 7.4.6.1 Japan sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.4.6.2 Japan sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.4.6.4 Japan sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.5 Latin America
- 7.5.1 Latin America sales training software market, 2017 - 2030 (USD Million)
- 7.5.2 Latin America sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.5.3 Latin America sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.5.4 Latin America sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.5.5 Brazil
- 7.5.5.1 Brazil sales training software market, 2017 - 2030 (USD Million)
- 7.5.5.2 Brazil sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.5.5.3 Brazil sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.5.5.4 Brazil sales training software market, by end use, 2017 - 2030 (USD Million)
- 7.6 MEA
- 7.6.1 MEA sales training software market, 2017 - 2030 (USD Million)
- 7.6.2 MEA sales training software market, by deployment, 2017 - 2030 (USD Million)
- 7.6.3 MEA sales training software market, by enterprise size, 2017 - 2030 (USD Million)
- 7.6.4 MEA sales training software market, by end use, 2017 - 2030 (USD Million)
Chapter 8 Competitive Analysis
- 8.1 Recent Developments & Impact Analysis, By Key Market Participant
- 8.2 Company Categorization
- 8.3 Vendor Landscape
- 8.3.1 Sales Training Software Market: Key Company Analysis, 2021
Chapter 9 Competitive Landscape
- 9.1 Allego
- 9.1.1 Company overview
- 9.1.2 Financial performance
- 9.1.3 Product benchmarking
- 9.1.4 Strategic initiatives
- 9.2 Brainshark, Inc.
- 9.2.1 Company overview
- 9.2.2 Financial performance
- 9.2.3 Product benchmarking
- 9.2.4 Strategic initiatives
- 9.3 Mindmatrix Inc.
- 9.3.1 Company overview
- 9.3.2 Financial performance
- 9.3.3 Product benchmarking
- 9.3.4 Strategic initiatives
- 9.4 Mindtickle Inc.
- 9.4.1 Company overview
- 9.4.2 Financial performance
- 9.4.3 Product benchmarking
- 9.4.4 Strategic initiatives
- 9.5 Qstream, Inc.
- 9.5.1 Company overview
- 9.5.2 Financial performance
- 9.5.3 Product benchmarking
- 9.5.4 Strategic initiatives
- 9.6 Salesforce, Inc.
- 9.6.1 Company overview
- 9.6.2 Financial performance
- 9.6.3 Product benchmarking
- 9.6.4 Strategic initiatives
- 9.7 SalesHood Inc.
- 9.7.1 Company overview
- 9.7.2 Financial performance
- 9.7.3 Product benchmarking
- 9.7.4 Strategic initiatives
- 9.8 SAP SE
- 9.8.1 Company overview
- 9.8.2 Financial performance
- 9.8.3 Product benchmarking
- 9.8.4 Strategic initiatives
- 9.9 Showpad
- 9.9.1 Company overview
- 9.9.2 Financial performance
- 9.9.3 Product benchmarking
- 9.9.4 Strategic initiatives
- 9.10 Zoho Corporation Pvt. Ltd.
- 9.10.1 Company overview
- 9.10.2 Financial performance
- 9.10.3 Product benchmarking
- 9.10.4 Strategic initiatives