PUBLISHER: Grand View Research | PRODUCT CODE: 1611706
PUBLISHER: Grand View Research | PRODUCT CODE: 1611706
The global sales training software market size is anticipated to reach USD 6.11 billion in 2030 and is anticipated to grow at a CAGR of 15.1% from 2025 to 2030. The industry growth can be attributed to the paradigm shift in the focus of the incumbents of various end-use industries to reduce the time employees spend on repetitive tasks and devote the time saved to other customer engagement and relationship management activities. The sales training software can particularly help end-use enterprises in improving employee productivity, boosting product sales, and utilizing resources efficiently. Benefits associated with the adoption of such software include easy sales content creation and streamlined sales enablement.
The software also offers critical sales metrics measurements. Several organizations are looking to leverage advanced sales enablement solutions featuring technologies, such as Machine Learning (ML) & Artificial Intelligence (AI), to allow their sales and marketing teams more time to close deals and make connections. The AI-powered solution automates various tedious tasks in the sales training, such as generating analytics reports and drafting personalized content as per their interests, & business requirements. AI-driven sales training solutions offer sales teams easy mobile access to significant sales functions, which helps them achieve higher win rates and provide better experiences to prospects.
These advancements are expected to further boost the industry's growth during the forecast period. Key players are investing in R&D to develop innovative solutions to attract potential business clients and, thus, increase revenues. For instance, in October 2020, Highspot unveiled its sales enablement platform, which offers new sales training capabilities with a scorecard function for holistic evaluation and assessment of the sales personnel. The platform allows managers to create and manage virtual sales programs easily and train the sales team to meet sales targets. Managers can also obtain detailed insights into the performances of the sales personnel via a 360-degree analytics report.