The sales coaching software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Sales Coaching Software Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The sales coaching software market size has grown strongly in recent years. It
will grow from $53.55 billion in 2023 to $57.74 billion in 2024 at a compound
annual growth rate (CAGR) of 7.8%. The growth in the historic period can be
attributed to rise of remote work, demand for personalization, shift to
data-driven decision making, emphasis on continuous learning and development.
The sales coaching software market size is expected to see strong growth in the
next few years. It will grow to $77.55 billion in 2028 at a compound annual
growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed
to AI (artificial intelligence)-powered personalization, integration with
virtual reality (VR) and augmented reality (AR), gamification of learning and
development, interoperability and integration with CRM systems. Major trends in
the forecast period include AI-powered coaching insights, remote coaching
solutions, data privacy and security measures, mobile-first approach, increased
adoption of AI and machine learning, demand for real-time forecasting.
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Scope Of Sales Coaching Software Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Sales Coaching Software Market Overview
Market Drivers -
The increasing adoption of e-learning is expected to propel the sales coaching
software market going forward. E-learning refers to electronic learning, which
involves the use of digital technologies such as computers, the Internet, and
digital resources to deliver educational content and facilitate learning
experiences remotely. E-learning is on the rise because of the proliferation of
high-speed internet, mobile devices, and learning management systems (LMS) and
the increasing need for personalized learning capabilities. Sales coaching
software is used for e-learning to provide a comprehensive platform for sales
professionals to provide personalized coaching and training to improve their
skills, knowledge, and performance. It also allows organizations to create
customized learning paths based on individual sales representatives' needs,
experience levels, and performance metrics. For instance, in January 2022,
according to the World Economic Forum, a Switzerland-based non-governmental
organization, the number of online learners enrolled in Coursera, an online
learning platform, increased from 143 million in 2020 to 189 million in 2021,
representing an increase of 32%. Additionally, Coursera recorded 20 million new
student registrations in 2021 alone. Therefore, increasing adoption of
e-learning is driving the growth of the sales coaching software market.
Market Trends -
Major companies operating in the sales coaching software market are focusing on
the development of innovative advanced solutions, such as salesloft coaching,
to streamline the coaching process and enhance coaching effectiveness.
Salesloft coaching refers to a technology platform designed to support and
enhance the coaching and development of sales professionals within organizations.
For instance, in August 2022, Salesloft Inc., a US-based sales engagement
platform, launched sales coaching software to provide sales managers with
critical information about their team's performance, enabling them to coach
more effectively by identifying areas for improvement and offering targeted
guidance to team members. Additionally, this software emphasizes a data-driven
approach to personalizing coaching and development for each sales
representative, which could potentially lead to improved individual performance
and ultimately contribute to a stronger overall sales team. Salesloft Coaching
is unique in the market because it provides sales managers with a powerful,
single view of how their reps are performing against their goals across numerous
activities and channels.
The sales coaching software market covered in this report is segmented –
1) By Deployment Type: Cloud Based, On-Premise
2) By Application: Large Enterprises, Small Enterprises (SMEs)
3) By End-User Industry: Banking, Financial Services, And Insurance, Retail And
Consumer Goods, Hospitality And Tourism, Information Technology And Telecom,
Manufacturing, Healthcare, Other End-User Industries
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Regional Insights -
North America was the largest region in the sales coaching software market in
2023. Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the sales coaching software market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Major companies operating in the sales coaching software market are Microsoft
Corporation, Allego Inc., International Business Machines Corporation, Cisco
Systems Inc., Oracle Corporation, SAP SE, Salesforce Inc., Zoho Corporation,
Salesloft Inc., Gong.io, Xactly Corporation, Outreach Inc., InsideSales.com,
Conversica Inc., Highspot Inc., Seismic Software, MindTickle Inc., LevelJump
Inc., Wilson Learning Corporation, Richardson Sales Performance, Lessonly LLC,
VanillaSoft Inc., Gryphon Networks, Training Industry Inc., Vantage Point
Performance LLC
Table of Contents
1. Executive Summary
2. Sales Coaching Software Market Report Structure
3. Sales Coaching Software Market Trends And Strategies
4. Sales Coaching Software Market – Macro Economic Scenario
5. Sales Coaching Software Market Size And Growth
…..
27. Sales Coaching Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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