Sales training software market to reach $7.82 billion by 2032 with demand driven by various industries.
From GlobeNewswire: 2025-01-16 09:00:00
The Sales Training Software Market was valued at USD 2.37 billion in 2023 and is expected to reach USD 7.82 billion by 2032, with a CAGR of 14.27%. Demand is driven by upskilling, e-learning, and industry expansion, especially in retail, finance, healthcare, and technology. E-learning is more efficient and cost-effective, leading to increased investment in sales training software.
Major players in the market include Allego, Brainshark, Mindmatrix, Mindtickle, Salesforce, SAP, Showpad, Zoho, Microsoft, Skillsoft, Trainual, DocuSign, Oracle, PandaDoc, Korn Ferry, Sandler Training, Huthwaite International, and Harvard Business Publishing. These companies offer various sales training solutions catering to different needs and industries.
The large enterprise segment dominated the sales training software market in 2023, accounting for 63% of the market share. On the other hand, the small and medium enterprise (SME) segment is growing rapidly at a projected CAGR of 15.61%. Retail was the largest contributor to the market in 2023, with the IT and telecom sector expected to see the highest growth.
North America led the market in 2023, capturing 42% of the market share, with major software providers like Salesforce and HubSpot driving growth. The Asia Pacific region is the fastest-growing market, with a projected CAGR of 16.8%, driven by rapid digital transformation in countries like India and China. SMEs in the region are turning to cloud-based training solutions for cost-effective workforce development. Mindmatrix Inc. recently updated its PRM platform to better manage channel partnerships. Mindtickle Inc. secured $50 million in funding to enhance its sales training software. The sales training software market analysis report provides in-depth insights and trends. SNS Insider offers consulting services for market assessment, competitive benchmarking, and more.
Read more at GlobeNewswire: Sales Training Software Market to Exceed USD 7.82 Billion