Global Cloud-based Training Software Market 2017-2021
About Cloud based Training Software
Cloud-based training software is an application that delivers, tracks, and manages all online and instructor-led training programs on cloud. Internet-based learning boosted distance learning. Internet-based learning is considered as an extension of computer-based learning. Students can conduct research, access information, and watch videos through Internet-based learning.
Technavio’s analysts forecast the global cloud based training software market to grow at a CAGR of 9.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global cloud based training software market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cloud based Training Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global cloud based training software market: Adobe Systems, Cornerstone OnDemand, Trivantis and Saba Software.
Other Prominent Vendors in the market are: Arlo, BitKea Technologies , Configio, ConvergePoint, Courseplay, Docebo, EduBrite Systems, eLearning247, Elucidat, Epignosis, EtQ, Expertus, G-Cube, Inquisiq LMS, Intelex Technologies, JoomlaLMS, LearningStone, Litmos, MasterControl, Mindflash, Peoplefluent, Powerschool, ProProfs.com, QuickBase, SchoolKeep, Schoox, SkyPrep.com, and Zoho.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is incorporation of social media in training software. The cloud-based training software solutions are increasingly incorporating elements of social learning. Social learning can be referred to an informal mode of learning through discussions, blogs, posts, and other social learning platforms.”
According to the report, one driver in the market is increased need to improve employee value. Effective training can be used to improve the value of employees. Improving the skills involves extending an employee’s knowledge of an existing skill, providing more experts within a subject area. Multi-skilling is the process of training employees in a new or related work area to increase their usability within the organization.
Further, the report states that one challenge in the market is data security and privacy issues. Many business organizations prefer cloud-based solutions to on-premises solutions because of their cost-effectiveness and ease of accessibility. Hence, a cost-effective cloud solution with better features and agility is the best option for organizations with limited budget and expertise. The cloud has become an integral part of IT in government agencies.
Adobe Systems, Cornerstone OnDemand, Trivantis, Saba Software, Arlo, BitKea Technologies , Configio, ConvergePoint, Courseplay, Docebo, EduBrite Systems, eLearning247, Elucidat, Epignosis, EtQ, Expertus, G-Cube, Inquisiq LMS, Intelex Technologies, JoomlaLMS, LearningStone, Litmos, MasterControl, Mindflash, Peoplefluent, Powerschool, ProProfs.com, QuickBase, SchoolKeep, Schoox, SkyPrep.com, and Zoho.