PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579950
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579950
Global Technical Skills Development Software Market Size study, by Type (Cloud-Based, Web-Based), by Application (Large Enterprises, SMEs) and Regional Forecasts 2022-2032
Global Technical Skills Development Software Market is valued at approximately USD 1157.6 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2024-2032. Technical Skills Development Software encompasses solutions designed to help individuals and businesses enhance their technical proficiency across domains such as programming, cybersecurity, web development, and data science. These software solutions offer assessment tools, progress tracking, and personalized learning pathways, making them vital for education, career development, and personal interests.
The rising demand for skilled professionals to navigate the growing technological landscape across industries is driving the market's growth. As businesses worldwide adopt advanced digital technologies to deliver enhanced services, the need for proficient technical staff has intensified, leading to a surge in the adoption of technical skills development software. The increasing implementation of digital platforms for training, education, and continuous skill development is further fueling market growth. Additionally, companies are investing in reskilling and upskilling employees to maintain a competitive edge in a fast-evolving technological environment. Moreover, the expansion of the online education ecosystem and growing adoption of cloud-based solutions present various lucrative opportunities over the forecast years. However, the high cost of software development and implementation, as well as a lack of skilled personnel and resources are challenging the market growth throughout the forecast period of 2024-2032.
The key regions considered for the Global Technical Skills Development Software Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Technical Skills Development Software Market in terms of revenue. The market growth in the region is being attributed to factors including widespread demand for digital skills, cloud-based solutions, and mobile-friendly applications. Whereas, the market in Europe is anticipated to grow at the fastest rate over the forecast period fueled by the rise of startups and SMEs focusing on cost-effective digital skill development tools is contributing to market expansion.
Major market players included in this report are:
- Pluralsight
- Udemy
- Udacity
- DataCamp
- O'Reilly Media
- Treehouse
- CBT Nuggets
- Infosec IQ
- Skillsoft
- CES EduPack
- LinkedIn Learning
- Coursera
- Simplilearn
- FutureLearn
- Khan Academy
The detailed segments and sub-segment of the market are explained below:
By Type:
- Cloud-Based
- Web-Based
By Application:
- Large Enterprises
- SMEs
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Technical Skills Development Software Market Executive Summary
- 1.1. Global Technical Skills Development Software Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendations & Conclusion
Chapter 2. Global Technical Skills Development Software Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.4. Demand Side Analysis
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Technical Skills Development Software Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increasing Digital Transformation and Automation
- 3.1.2. Growing Need for IT Professionals
- 3.2. Market Challenges
- 3.2.1. High Cost of Software Development and Implementation
- 3.2.2. Lack of Skilled Personnel and Resources
- 3.3. Market Opportunities
- 3.3.1. Expansion of Online Education Ecosystem
- 3.3.2. Growing Adoption of Cloud-based Solutions
Chapter 4. Global Technical Skills Development Software Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
Chapter 5. Global Technical Skills Development Software Market Size & Forecast by Type (2022-2032)
- 5.1. Segment Dashboard
- 5.2. Global Technical Skills Development Software Market by Type (Revenue, USD Million)
- 5.2.1. Cloud-Based
- 5.2.2. Web-Based
Chapter 6. Global Technical Skills Development Software Market Size & Forecast by Application (2022-2032)
- 6.1. Segment Dashboard
- 6.2. Global Technical Skills Development Software Market by Application (Revenue, USD Million)
- 6.2.1. Large Enterprises
- 6.2.2. SMEs
Chapter 7. Global Technical Skills Development Software Market Size & Forecast by Region (2022-2032)
- 7.1. North America Technical Skills Development Software Market
- 7.1.1. U.S. Market
- 7.1.2. Canada Market
- 7.2. Europe Technical Skills Development Software Market
- 7.2.1. UK Market
- 7.2.2. Germany Market
- 7.2.3. France Market
- 7.2.4. Spain Market
- 7.2.5. Italy Market
- 7.2.6. Rest of Europe
- 7.3. Asia Pacific Technical Skills Development Software Market
- 7.3.1. China Market
- 7.3.2. India Market
- 7.3.3. Japan Market
- 7.3.4. Australia Market
- 7.3.5. South Korea Market
- 7.3.6. Rest of Asia Pacific
- 7.4. Latin America Technical Skills Development Software Market
- 7.4.1. Brazil Market
- 7.4.2. Mexico Market
- 7.4.3. Rest of Latin America
- 7.5. Middle East & Africa Technical Skills Development Software Market
- 7.5.1. Saudi Arabia Market
- 7.5.2. South Africa Market
- 7.5.3. Rest of Middle East & Africa
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Pluralsight
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 8.3.2. Udemy
- 8.3.3. Udacity
- 8.3.4. DataCamp
- 8.3.5. O'Reilly Media
- 8.3.6. Treehouse
- 8.3.7. CBT Nuggets
- 8.3.8. Infosec IQ
- 8.3.9. Skillsoft
- 8.3.10. CES EduPack
- 8.3.11. LinkedIn Learning
- 8.3.12. Coursera
- 8.3.13. Simplilearn
- 8.3.14. FutureLearn
- 8.3.15. Khan Academy
- 8.3.1. Pluralsight
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
