WiseGuyReports.Com Publish a New Market Research Report On –“ Cloud-based Training Software Market Global Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2018-2025”.
Cloud-based training software is an application software that manages all trainer-led activities on a cloud platform. The global market for Cloud Based Training Software will reach USD 1571.4 Million By 2021 at a Common Annual Growth Rate (CAGR) greater than 9%. A new way of informal learning through blogs, videos, and articles called social learning is incorporated in cloud-based training software. The key features of the cloud-based training software are content access, progress tracking and time-table management.
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Due to increase of high need for effective training, rise in social learning and the increase in need to improve employee value cloud-based training software market is growing. Additionally, increased adoption of short and long-term computer-based distance learning, and increased usage of Internet-based learning courses stimulate the market growth. The key challenge we see in this market is that the entire training content is 100% dependent on IT infrastructure and network speed – if the network has poor speed, it limits the adoption of such software.
The growth in game-based learning, emerging mobile learning market, and the integration of social learning in training software creates many opportunities in the market. The cloud-based training software market faces modest level of competition. Key players adopt various strategies such as acquisition, collaboration, product innovation and new product launch to increase their market presence and thus acquire more share in the market. Cost and product quality are two important factors on which key players compete with each other.
The Cloud-based Training Software market is classified on the basis of organization size, industry vertical and product type. On the basis of Industry vertical the market is divided into Education, IT and Banking, financial services, and insurance (BFSI); by organization size the market is split into medium, small, and large organizations; by product type, the market is split into learning Record store, Instructor-led training, and Others. Manufacturers of cloud-based training software market have deployed cloud technology that can be accessed with the help of smartphones, mobile devices, enterprise-wide mobile apps instead of browser apps. Cloud-based training software vendors are including social learning in their offerings for better interaction, sharing and making learning fun, interesting but professional.
By region, the Cloud-based Training Software market is divided into North America (Canada, Mexico, United States), Europe (UK, Germany, France, Russia, Rest of Europe), Asia Pacific (China, Japan, Southeast Asia, India, Australia, Rest of Asia Pacific), Central and South America, and the Middle-East & Africa. Asia Pacific will grow at the fastest CAGR due to young population, presence of IT companies, rising awareness on education via long distance courses or self-paced learning over internet. USA will be a key market due to presence of reputed universities and IT companies.
The increased demand for personalized and micro learning after every year to be competitive in the market, to acquire knowledge on new rules, technologies etc., to have a high demand of gamification (i.e. incentivise employees to acquire and implement knowledge through points earned over training software app games) take up new courses in eLearning, incorporation of social media in training software and to satisfy employee needs to improve employee value will continue to drive the market growth throughout the forecast period.
Some Major Key Points Included In This Report:
• Report Overview
• Global Growth Trends
• Market Share by Key Players
• Breakdown Data by Type and Application
• United States
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