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Global Sales Training Software Market to reach USD 5.4 billion by the end of 2029

Global Sales Training Software Market Size study & Forecast, by Deployment (On-premise and Cloud) by Enterprise Size (Large, Small & Medium), by End Use (BFSI, Automotive, Retail, Healthcare, IT & Telecom, Discrete Manufacturing, Government & Education and Others) and Regional Analysis, 2022-2029

Product Code: ICTEITS-98615212
Publish Date: 5-01-2023
Page: 200

Global Sales Training Software Market is valued at approximately USD 1.92 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.8% over the forecast period 2022-2029. With the help of sales training software, representatives may ramp up more quickly, develop their selling abilities, and be successful. The expansion of the industry can be attributed to intensifying corporate competitiveness and evolving company requirements. Small- and medium-sized businesses (SMEs) and major corporations often spend money on training their sales staff and other teams. Additionally, there is significant development potential due to the growing use of Customer Relationship Management (CRM) software, which offers sales enablement tools to promote effective collaboration with other sales professionals.

According to Statista, the worldwide Customer relationship management software in the year 2019 stood at USD 56.5 billion which increased to USD 69 billion in the year 2020. As a result, the rising revenue is indicating the rising adoption of customer relationship software among organizations, which is leading the growth of the market. Furthermore, rising demand from end-use industry and advancements in emerging technologies, such as Artificial Intelligence (AI), big data analytics, and cloud computing is creating lucrative growth in the market. However, the high cost of Sales Training Software stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Sales Training Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Among these regions, North America holds the largest share owing to the availability of a variety of programmes provided by Information Technology (IT) companies, combined with adaptable modules, which can be credited with the region’s success. Additionally, a sizeable portion of students is quickly converting to mobile-based IT learning. They can now use their gadgets to obtain information at any time and from anywhere. Additionally, expanding company prospects and ongoing technological advancements have significantly impacted regional market expansion. To satisfy client expectations, major American businesses are investing in sales training and performance management software. Furthermore, Asia Pacific holds the fastest share owing to factors such as The growing implementation of advanced technologies, such as Artificial Intelligence (AI) as well as Machine Learning (ML).

Major market player included in this report are:
Brainshark, Inc.
Mindmatrix Inc.
Mindtickle Inc.
Qstream, Inc.
Salesforce, Inc.
SalesHood Inc.
Zoho Corporation Pvt. Ltd.

Recent Developments in the Market:
 In February 2022, Sales Readiness Group (SRG), announced the introduction of a new executive-level selling training program named “Selling to Key Executives™. A brand-new, interesting training called Selling to Key Executives teaches salespeople how to effectively deal with executive-level customers. Sales executives, account managers, business development managers, and other salespeople who interact with senior executives can all benefit from this advanced sales training programme.
 In December 2021, Korsgaden International, a provider of financial services, collaborated with Allego to offer its sales training services. With the help of this collaboration, Korsgaden International will be able to offer its clients consulting and training services while utilising the Allego sales enablement platform, enabling sales transformation for achieving revenue targets in the constantly evolving insurance and financial services sectors.

Global Sales Training Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Deployment, Enterprise Size, End Use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Deployment offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment:
By Enterprise Size:
Small & Medium
By End Use:
IT & Telecom
Discrete Manufacturing
Government & Education
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Sales Training Software Market, by Region, 2019-2029 (USD Billion)
1.2.2. Sales Training Software Market, by Deployment, 2019-2029 (USD Billion)
1.2.3. Sales Training Software Market, by Enterprise Size, 2019-2029 (USD Billion)
1.2.4. Sales Training Software Market, by End Use, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Sales Training Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Sales Training Software Market Dynamics
3.1. Sales Training Software Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising adoption of Customer Relationship Management (CRM) software Rising demand from end-use industry
3.1.2. Market Challenges High Cost of Sales Training Software
3.1.3. Market Opportunities Advancements in emerging technologies, such as Artificial Intelligence (AI), big data analytics, and cloud computing.
Chapter 4. Global Sales Training Software Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Sales Training Software Market, by Deployment
6.1. Market Snapshot
6.2. Global Sales Training Software Market by Deployment, Performance – Potential Analysis
6.3. Global Sales Training Software Market Estimates & Forecasts by Deployment 2019-2029 (USD Billion)
6.4. Sales Training Software Market, Sub Segment Analysis
6.4.1. On-premise
6.4.2. Cloud
Chapter 7. Global Sales Training Software Market, by Enterprise Size
7.1. Market Snapshot
7.2. Global Sales Training Software Market by Enterprise Size, Performance – Potential Analysis
7.3. Global Sales Training Software Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
7.4. Sales Training Software Market, Sub Segment Analysis
7.4.1. Large
7.4.2. Small & Medium
Chapter 8. Global Sales Training Software Market, by End Use
8.1. Market Snapshot
8.2. Global Sales Training Software Market by End Use, Performance – Potential Analysis
8.3. Global Sales Training Software Market Estimates & Forecasts by End Use 2019-2029 (USD Billion)
8.4. Sales Training Software Market, Sub Segment Analysis
8.4.1. BFSI
8.4.2. Automotive
8.4.3. Retail
8.4.4. Healthcare
8.4.5. IT & Telecom
8.4.6. Discrete Manufacturing
8.4.7. Government & Education
8.4.8. Others
Chapter 9. Global Sales Training Software Market, Regional Analysis
9.1. Sales Training Software Market, Regional Market Snapshot
9.2. North America Sales Training Software Market
9.2.1. U.S. Sales Training Software Market Deployment breakdown estimates & forecasts, 2019-2029 Enterprise Size breakdown estimates & forecasts, 2019-2029 End Use breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Sales Training Software Market
9.3. Europe Sales Training Software Market Snapshot
9.3.1. U.K. Sales Training Software Market
9.3.2. Germany Sales Training Software Market
9.3.3. France Sales Training Software Market
9.3.4. Spain Sales Training Software Market
9.3.5. Italy Sales Training Software Market
9.3.6. Rest of Europe Sales Training Software Market
9.4. Asia-Pacific Sales Training Software Market Snapshot
9.4.1. China Sales Training Software Market
9.4.2. India Sales Training Software Market
9.4.3. Japan Sales Training Software Market
9.4.4. Australia Sales Training Software Market
9.4.5. South Korea Sales Training Software Market
9.4.6. Rest of Asia Pacific Sales Training Software Market
9.5. Latin America Sales Training Software Market Snapshot
9.5.1. Brazil Sales Training Software Market
9.5.2. Mexico Sales Training Software Market
9.6. Rest of The World Sales Training Software Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Allego Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Brainshark, Inc.
10.2.3. Mindmatrix Inc.
10.2.4. Mindtickle Inc.
10.2.5. Qstream, Inc.
10.2.6. Salesforce, Inc.
10.2.7. SalesHood Inc.
10.2.8. SAP SE
10.2.9. Showpad
10.2.10. Zoho Corporation Pvt. Ltd.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

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