About Training Management Software
The training management software allows the companies to evolve with the growing industry improving the workforce by providing quality training in an organization delivering productivity, minimizing the risk, and improves the engagement. The software takes care of the quality of providing the training activities, courses, and compliance requirements in an organization. The software launches the events automatically associated with the training activities providing efficiency in the company.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Intelex Technologies (Canada), Arlo (United Kingdom), NovigoTMS (United States), Talent LMS (United States), accessplanit Ltd (United Kingdom), Cornerstone OnDemand, Inc. (United States), Administrate Limited (United Kingdom), ETQ (United States) and AssurX, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Training Management Software market by , Application (Large Enterprises and Small-medium Size Enterprises) and Region.
On the basis of geography, the market of Training Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Pricing Option, the sub-segment i.e. Subscription-based will boost the Training Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Training Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. API Access will boost the Training Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Web-based Training Management Software and Rising Multi-Channel Training Management Software
Market Growth Drivers:
Demand for the Automation in Tracking the Learning and Progress of the Learner and Increasing Demand for the Global Diverse Workforce
Challenges:
Problems with the Troubleshooting programs in Training Management Software
Restraints:
Problems with the Resource Allocation and Lack of System Integration in Small-medium Size Enterprise
Opportunities:
Growing Spending of the Organisation on Training Management Software
On 22nd April 2020, Cornerstone OnDemand, Inc., a global leader in people development solutions, announced the closing of its acquisition of Saba Software, a global leader in talent experience solutions and a portfolio company of Vector Capital.
Key Target Audience
Training Management Software Developers, Training Management Software Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.