COVID-19 Impacts: Product-Based Sales Training Market Will Accelerate at a CAGR of Over 13% Through 2020-2024 | Growing Emphasis on Microlearning to Boost Growth | Technavio
Technavio has been monitoring the product-based sales training market and it is poised to grow by USD 4.21 billion during 2020-2024, progressing at a CAGR of over 13% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
What was the value of the product-based sales training market in 2019?
Technavio says that the value of the market was USD 4.97 billion in 2019 and is projected to reach USD 8.67 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 13%, the market growth will accelerate during the forecast period.
What is the key factor driving the market?
The growing emphasis on microlearning and the use of analytics in product-based sales training are the key factors driving the market growth.
Who are the top players in the market?
Allen Communication Learning Services, ASLAN Training & Development LLC, Brainshark Inc., Corporate Visions Inc., DoubleDigit Sales Inc., GP Strategies Corp., Korn Ferry, RAIN Group, Sandler Systems Inc., and The Brooks Group are some of the major market participants.
Which region is expected to hold the highest market share?
APAC
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Allen Communication Learning Services, ASLAN Training & Development LLC, Brainshark Inc., Corporate Visions Inc., DoubleDigit Sales Inc., GP Strategies Corp., Korn Ferry, RAIN Group, Sandler Systems Inc., and The Brooks Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The growing emphasis on microlearning has been instrumental in driving the growth of the market.
Product-based Sales Training Market 2020-2024: Segmentation
Product-based Sales Training Market is segmented as below:
Product-based Sales Training Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our product-based sales training market report covers the following areas:
Product-based Sales Training Market size
Product-based Sales Training Market trends
Product-based Sales Training Market analysis
This study identifies the use of analytics in product-based sales training as one of the prime reasons driving the product-based sales training market growth during the next few years.
Product-based Sales Training Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the product-based sales training market, including some of the vendors such as Allen Communication Learning Services, ASLAN Training & Development LLC, Brainshark Inc., Corporate Visions Inc., DoubleDigit Sales Inc., GP Strategies Corp., Korn Ferry, RAIN Group, Sandler Systems Inc., and The Brooks Group. Backed with competitive intelligence and benchmarking, our research reports on the product-based sales training market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Product-based Sales Training Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist product-based sales training market growth during the next five years
Estimation of the product-based sales training market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the product-based sales training market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of product-based sales training market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by End-user
Market segments
Comparison by End-user placement
Consumer goods - Market size and forecast 2019-2024
Automotive - Market size and forecast 2019-2024
BFSI - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by End-user
Customer Landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Allen Communication Learning Services
ASLAN Training & Development LLC
Brainshark Inc.
Corporate Visions, Inc.
DoubleDigit Sales, Inc.
GP Strategies Corp.
Korn Ferry
RAIN Group
Sandler Systems Inc.
The Brooks Group
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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