Mentoring is one of the highly effective personal and career development process, which supports and gives more clarification to mentees towards their goal. Mentoring software offers effective mentoring programs to the organization. It saves a lot of time for the learning & development department and talent teams of the organizations with adding productive values. It is a good platform for new hires as it boosts their networking opportunities and it offers a mobile-ready tool, which allows users to enhance their productivity at any time and any place.
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MENTORING SOFTWARE MARKET OUTLOOK
Increasing adoption of cloud and mobile applications in several organizations impacted positively on the growth of mentoring software market. Increasing need for mentoring in the growing organizations drives the growth of mentoring software market. The mentoring software offers virtual mentoring in organizations, which is mainly important as remote working becomes more commonplace. The increasing remote working culture during the pandemic boosts the growth of mentoring software market. The demand for mentoring software is increasing in organizations as it offers scalable and affordable employee training features and enhances its productivity.
MENTORING SOFTWARE MARKET SEGMENTAL OVERVIEW
The study analyses the global mentoring software market based on component, deployment type, organization size, verticals and geography.
MENTORING SOFTWARE MARKET BY COMPONENT
The components of mentoring software are solutions and services. The solution segment holds the largest share in the mentoring software market.
MENTORING SOFTWARE MARKET BY DEPLOYMENT TYPE
The mentoring software market is bifurcated into cloud-based and on premises-based on deployment models. The cloud-based deployment provides unlimited storage space, quick deployment, easy back-up and restores, security which drives the growth of the segment in the mentoring software market.
MENTORING SOFTWARE MARKET BY ORGANIZATION SIZE
Based on organizational size mentoring software market is segmented into large organizations and small & medium-sized organizations.
MENTORING SOFTWARE MARKET BY VERTICALS
Major end-users of mentoring software market covered in the study are government and defence, BFSI, healthcare, transportation and logistics, telecom, IT, retail, and manufacturing. IT sector holds the largest share in the growth of mentoring software market. The increasing need for mentoring in organizations to manage the growing workforce drives the growth of the IT sector in the mentoring software market.
MENTORING SOFTWARE MARKET BY KEY PLAYERS
The key competitors of the market IBM, Microsoft, Cisco, eMentorConnnect, Mentoring, sfG Software, Chronus, CiviCore, Frontline Education, Achiiva, LifeSpace, QML24, CleverMemo, eWebLife, Nobscot, Fidelis Education, MentorMe, Graduway, MentoringTalent, and Innovative Mentoring.
MENTORING SOFTWARE MARKET BY GEOGRAPHY
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. North America held the largest market share of the mentoring software market. Technological advancements drives the growth of the market in the region.
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