TMCnet News
Global Cloud-based Training Software Market to Grow at a CAGR of 9.2% by 2021 - Increased Need to Improve Employee Value - Research and MarketsDUBLIN, June 2, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Cloud-based Training Software Market 2017-2021" report to their offering. The global cloud based training software market to grow at a CAGR of 9.20% during the period 2017-2021. The report, Global Cloud based Training Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 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 platorms. 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. Key vendors
Other prominent vendors
Key Topics Covered: PART 10: Market trends Media Contact: Research and Markets
|