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The Global Mentoring Software Market size was estimated at USD 537.35 million in 2022 and expected to reach USD 1,319.12 million by 2030, at a CAGR 19.63%.
Mentoring Software Market Overview:
Growing adoption of cloud-based mentoring software, growing demand for automated mentoring software, and increasing demand for social and emotional intelligence are the major factors driving the growth of the global mentoring software market.
Mentoring software is a tool that helps connect mentors and mentees for professional development. It can be used to facilitate one-to-one relationships or group mentoring programs, and can include features such as matching algorithms, messaging and scheduling tools, and activity tracking and reporting.
Mentoring Software market size, estimates and forecasts are provided in terms revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Mentoring Software market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.
Major Market Segments Covered in Mentoring Software Industry Research:
Market Key Players:
Chronus, Everwise, MentorcliQ, Oracle Work Life Solutions Cloud, Mentor, Qooper, eMentorConnect, MicroMentor, Achiiva, Birdly, Builda
By Type:
By Program:
By Region:
The United States and Canada are the major countries contributing to the growth of the North American mentoring software market. The region is witnessing high demand for cloud-based solutions due to the flexibility and scalability they offer. Additionally, organizations in North America are investing heavily in employee development, which is another factor driving the growth of the mentoring software market in the region.
Brazil and Mexico are expected to be major contributors to the growth of the mentoring software market in Latin America. This is because these countries are home to numerous small and medium-sized enterprises (SMEs) who are always looking for new and innovative ways to improve their business operations. Mentoring software can also help you save time and money by automating certain processes.
UK, Germany, France, Italy and Spain are the major countries contributing to the mentoring software market growth in Europe. The region is witnessing high demand for cloud-based solutions due to the flexibility and scalability they offer. Organizations in Europe are also investing heavily in employee development, which is another factor driving the growth of the mentoring software market in the region.
India, China, Japan, Korea, and Australia are expected to be major contributors to the growth of the mentoring software market in Asia Pacific. This is because these countries are home to numerous small and medium-sized enterprises (SMEs) who are always looking for new and innovative ways to improve their business operations. Mentoring software can also help you save time and money by automating certain processes.
United Arab Emirates, Saudi Arabia, Qatar, Kuwait, and South Africa are the major countries contributing to the growth of the mentoring software market in Middle East & Africa. The region is witnessing high demand for cloud-based solutions due to the flexibility and scalability they offer. Additionally, organizations in the Middle East and Africa are investing heavily in employee development, which is another factor driving the growth of the mentoring software market in these regions.
Significant Market Dynamics:
Drivers
Problems with existing mentoring programs
Business mentoring program needs to be streamlined and managed
Growth in online education
Restraints
Internet connectivity problems in developing countries
Limited availability and high cost associated with mentoring software
Opportunities
Integrate with existing mentoring programs by encouraging reverse mentoring relationships
software innovation
Development of customized integrated mentoring software
Challenges
Overcoming hostility to using mentoring software
Mentoring Software Market report scope:
Report Attributes |
Details |
Growth Rate |
CAGR of 19.63% from 2022 to 2030. |
By Type |
Cloud-Based, On-Premise |
By Application |
IT & Telecommunication, Retail & Consumer Goods, Universities, Automotive, Others |
By Companies |
Chronus, Everwise, MentorcliQ, Oracle Work Life Solutions Cloud, Mentor, Qooper, eMentorConnect, MicroMentor, Achiiva, Birdly, Builda |
Regions and Countries Covered |
|
Base Year |
2022 |
Historical Year |
2017 to 2022 |
Forecast Year |
2023 to 2030 |
Key Takeaways from this Mentoring Software Report
Frequently Asked Questions-
What is the CAGR of Mentoring Software market?
The Mentoring Software Market is growing at a CAGR of 19.6% During Forecast Period.
What are the key types of Mentoring Software market?
Cloud-Based, On-Premise
What are the key applications of Mentoring Software market?
IT & Telecommunication, Retail & Consumer Goods, Universities, Automotive, Others
Who are the key players in Mentoring Software market?
Chronus, Everwise, MentorcliQ, Oracle Work Life Solutions Cloud, Mentor, Qooper, eMentorConnect, MicroMentor, Achiiva, Birdly, Builda