Global Sales Training Market Size By Type of Training (Product Training, Sales Skills Training, Sales Management Training), By Delivery Mode (In-Person Training, Virtual/Online Training, Blended Learning), By Industry (Technology, Healthcare and Pharmaceuticals, Financial Services), By Geographic Scope And Forecast
Report ID: 37733|No. of Pages: 202
Sales Training Market Size And Forecast
Sales Training Market size was valued at USD 10.32 Billion in 2024 and is projected to reach USD 18.95 Billion by 2031, growing at a CAGR 8% from 2024 to 2031.
- Sales Training refers to the industry that focuses on providing specialized training programs to enhance the skills, techniques, and knowledge of sales professionals.
- These programs are designed to improve sales performance, communication abilities, and relationship management to drive revenue growth and meet business objectives.
- It comprises various training modules, including online courses, in-person workshops, simulations, and customized corporate programs tailored to industry-specific needs.
Sales training programs are widely used across diverse industries such as retail, banking, financial services, insurance (BFSI), pharmaceuticals, technology, real estate, and consumer goods. - Companies of all sizes ranging from small and medium-sized enterprises (SMEs) to large multinational corporations invest in sales training to empower their workforce.
- These training sessions are utilized by sales executives, managers, and teams to develop essential skills like customer engagement, negotiation, prospecting, and lead generation.
Sales training is crucial for organizations to remain competitive in rapidly evolving sales training. It helps sales teams stay updated with changing customer behaviors, and new technologies. - The primary goal is to boost productivity, close more deals, and enhance customer satisfaction by equipping employees with practical strategies and tools.
- Effective training programs address both hard and soft skills, such as product knowledge, communication skills, emotional intelligence, and handling objections.
- In today’s data-driven world, companies also rely on sales training to integrate analytics and CRM tools into their workflows.
- Continuous training programs foster employee motivation, improve retention, and create a more adaptable workforce.
Global Sales Training Market Dynamics
The key market dynamics that are shaping the global sales training market include:
Key Market Drivers:
- Technological Advancements in Training Solutions: The integration of e-learning platforms, AI-based tools, and gamified modules has enhanced the effectiveness of sales training, driving market demand.
- Increased Focus on Customer-Centric Sales Strategies: According to McKinsey & Company, 75% of B2B buyers now prefer digital self-serve and remote human engagement over face-to-face interactions, up from 49% pre-COVID. Companies are shifting towards customer-focused sales approaches, which require continuous upskilling of sales teams to meet evolving customer expectations.
- Growth of Hybrid and Remote Work Models: According to the Society for Human Resource Management (SHRM), the average cost of replacing a sales employee ranges from 50% to 200% of their annual salary. As more companies adopt remote or hybrid work environments, there is a rising demand for digital and online training programs.
- Expansion of SMEs and Startups: A growing number of small and medium enterprises (SMEs) are adopting sales training programs to improve business outcomes and compete with larger firms.
Key Challenges:
- High Cost of Customized Training Programs: Tailored sales training programs can be expensive, making it difficult for smaller companies to invest in them. Average cost per employee for customized sales training: $1,889. Total U.S. training industry spending: $82.5 billion.
- Resistance to Change Among Sales Teams: Some employees may resist new learning methods, especially digital solutions, hindering the adoption of advanced training platforms. 47% of small businesses spend less than $1,000 per employee on training annually. Only 28% of companies with fewer than 50 employees invest in formal sales training.
- Measuring Training Effectiveness: Companies often struggle to measure the ROI of training programs and link them directly to sales performance improvements. 62% of sales professionals prefer traditional training methods. 41% of sales teams report resistance to new digital training platforms.
Key Trends:
- Rise of AI-Powered and Gamified Learning Solutions: AI-based tools and gamification are becoming popular, offering interactive learning experiences that engage participants more effectively. AI-powered sales training solutions grew by 145% from 2020 to 2023. 78% of organizations reported higher engagement with gamified sales training.
- Growing Use of Microlearning Modules: Companies are adopting short, focused learning modules for better retention and quicker skill development. 94% of L&D professionals prefer microlearning over traditional methods. Average completion rates for microlearning courses: 83% vs 35% for traditional courses.
- Increased Adoption of Mobile Learning Platforms: Mobile learning is on the rise, enabling employees to access training materials on the go and improve flexibility. 76% of sales professionals accessed training content via mobile devices in 2023. Organizations with mobile learning saw 43% higher productivity.
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Global Sales Training Market Regional Analysis
Here is a more detailed regional analysis of the global sales training market:
North America
- North America is a dominant region in the Global Sales Training Market, primarily driven by the presence of large enterprises, advanced technologies, and a mature business landscape.
- According to the U.S. Bureau of Labor Statistics, employment of sales representatives is projected to grow 5% from 2020 to 2030, with digital skills becoming increasingly critical.
- The U.S. Department of Labor reports that 45% of sales organizations cite a skills gap as their biggest challenge, with 68% of sales managers stating that closing this gap is a top priority.
- The U.S. Bureau of Labor Statistics reports that the average turnover rate in sales positions is 35%, significantly higher than the national average of 19% across all industries.
- The United States and Canada account for the majority of the market share due to the strong emphasis on employee development and the need to stay competitive in dynamic industries like technology, finance, and retail.
- Companies in the region are increasingly adopting innovative sales strategies, making training programs essential to equip employees with the necessary skills to meet evolving business goals.
- The growing adoption of digital learning platforms, e-learning modules, and AI-powered tools further contributes to the region’s market growth.
- With the rise of remote and hybrid work environments, businesses in North America are embracing online and mobile training platforms to ensure continuous employee development.
- The demand for personalized and data-driven learning experiences is increasing, with companies focusing on tailored programs that address specific skill gaps and performance metrics.
- Small and medium enterprises (SMEs) in North America are also investing in sales training to improve their market position and enhance workforce productivity.
- The region benefits from a highly competitive market, pushing companies to continually upskill their sales teams through innovative learning solutions.
- Challenges such as the high cost of customized training programs and measuring the ROI of such initiatives persist.
- The shift toward customer-centric sales strategies, alongside the rapid adoption of gamified and microlearning approaches, is expected to propel the sales training market in North America in the coming years.
- The region’s robust economy and continuous focus on technological advancement make it a crucial hub for sales training solutions.
Asia Pacific
- The Asia Pacific region is anticipated to experience the fastest growth in the Global Sales Training Market during the forecast period driven by rapid economic development, increasing globalization, and the rising presence of multinational corporations across countries like China, India, Japan, and Southeast Asia.
- As businesses in this region expand and seek to compete on a global scale, the demand for skilled sales teams with advanced training is increasing.
- Companies are investing heavily in sales training programs to ensure their employees are well-prepared to meet the challenges of dynamic markets.
- One of the key factors driving growth in this region is the widespread adoption of digital transformation across various industries.
- The proliferation of e-commerce, technology, and financial sectors in Asia Pacific has created a need for sales professionals who can navigate complex digital ecosystems and adapt to evolving customer preferences.
- This has led to a surge in demand for customized and industry-specific sales training solutions, especially in sectors like IT, retail, and financial services.
- The growing presence of small and medium-sized enterprises (SMEs) in the region is contributing to the increased focus on sales training.
- These organizations are recognizing the importance of professional development to improve their competitiveness and revenue generation.
Global Sales Training Market: Segmentation Analysis
The Global Sales Training Market is Segmented based on Type of Training, Delivery Mode, Industry, and Geography.
Sales Training Market, By Type of Training
- Product Training
- Sales Skills Training
- Sales Management Training
- Industry-Specific Training
Based on the Type of Training, the Global Sales Training Market is classified into Product Training, Sales Skills Training, Sales Management Training, and Industry-Specific Training. Sales Skills Training is emerging as a prominent segment due to the rising demand for enhancing interpersonal communication and negotiation skills is driving the adoption of sales skills training programs. As businesses focus on building stronger customer relationships and meeting revenue targets, developing these core skills has become essential. Organizations across various industries are investing in tailored training solutions to equip their salesforce with the necessary expertise to engage prospects effectively and close deals efficiently.
Sales Training Market, By Delivery Mode
- In-Person Training
- Virtual/Online Training
- Blended Learning
Based on Delivery Mode, the Global Sales Training Market is segmented into In-Person Training, Virtual/Online Training, and Blended Learning. Virtual/Online Training is emerging as a prominent segment in the Global Sales Training Market owing to its flexibility and cost-efficiency. With businesses increasingly adopting remote work models and digital transformation strategies, virtual training allows employees to learn at their own pace from any location.
Sales Training Market, By Industry
- Technology
- Healthcare and Pharmaceuticals
- Financial Services
- Retail and Consumer Goods
- Manufacturing and Industrial
- Professional Services
Based on Industry, the Global Sales Training Market is segmented into Technology, Healthcare and Pharmaceuticals, Financial Services, Retail and Consumer Goods, Manufacturing and Industrial, and Professional Services. The Technology segment dominates the Global Sales Training Market owing to the rapid pace of innovation and the need for highly specialized knowledge to sell complex products and solutions. With the growing demand for cloud services, software, and digital tools, companies are investing in sales training to enhance the skills of their salesforce and stay competitive.
Sales Training Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, the Global Sales Training Market is divided into North America, Europe, Asia Pacific, and the Rest of the world. North America is a dominant region in the Global Sales Training Market, primarily driven by the presence of large enterprises, advanced technologies, and a mature business landscape. According to the U.S. Bureau of Labor Statistics, employment of sales representatives is projected to grow 5% from 2020 to 2030, with digital skills becoming increasingly critical. The U.S. Department of Labor reports that 45% of sales organizations cite a skills gap as their biggest challenge, with 68% of sales managers stating that closing this gap is a top priority. The U.S. Bureau of Labor Statistics reports that the average turnover rate in sales positions is 35%, significantly higher than the national average of 19% across all industries.
Key Players
The “Global Sales Training Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are ASLAN Training & Development LLC, DoubleDigit Sales, GP Strategies, Miller Heiman Group, Altify, CommLab India, Cohen Brown Picture Co. Inc., Carew International Inc., Janek Performance Group, Kurlan & Associates Inc., Action Selling, The Brooks Group, BTS, Imparta, IMPAX, Integrity Solutions, Mercuri International, RAIN Group.
This section offers in-depth analysis through a company overview, position analysis, the regional and industrial footprint of the company, and the ACE matrix for insightful competitive analysis. The section also provides an exhaustive analysis of the financial performances of mentioned players in the given market.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Sales Training Market Key Developments
- In April 2022, RAIN GROUP, a sales training company, announced a collaboration with ValueCore, a cloud-based ROI platform company, to enable sales & marketing companies to represent entrancing value propositions to their customers.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | ASLAN Training & Development LLC, DoubleDigit Sales, GP Strategies, Miller Heiman Group, Altify, CommLab India, Cohen Brown Picture Co. Inc., Carew International Inc., Janek Performance Group, Kurlan & Associates Inc., Action Selling, The Brooks Group, BTS, Imparta, IMPAX, Integrity Solutions, Mercuri International, RAIN Group |
SEGMENTS COVERED | By Type of Training, By Delivery Mode, By Industry, and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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Frequently Asked Questions
1. Introduction
• Market Definition
• Market Segmentation
• Research Methodology
2. Executive Summary
• Key Findings
• Market Overview
• Market Highlights
3. Market Overview
• Market Size and Growth Potential
• Market Trends
• Market Drivers
• Market Restraints
• Market Opportunities
• Porter’s Five Forces Analysis
4. Sales Training Market, By Type of Training
• Product Training
• Sales Skills Training
• Sales Management Training
• Industry-Specific Training
5. Sales Training Market, By Delivery Mode
• In-Person Training
• Virtual/Online Training
• Blended Learning
6. Sales Training Market, By Industry
• Technology
• Healthcare and Pharmaceuticals
• Financial Services
• Retail and Consumer Goods
• Manufacturing and Industrial
• Professional Services
7. Regional Analysis
• North America
• United States
• Canada
• Mexico
• Europe
• United Kingdom
• Germany
• France
• Italy
• Asia-Pacific
• China
• Japan
• India
• Australia
• Latin America
• Brazil
• Argentina
• Chile
• Middle East and Africa
• South Africa
• Saudi Arabia
• UAE
8. Market Dynamics
• Market Drivers
• Market Restraints
• Market Opportunities
• Impact of COVID-19 on the Market
9. Competitive Landscape
• Key Players
• Market Share Analysis
10. Company Profiles
• ASLAN Training & Development LLC
• DoubleDigit Sales
• GP Strategies
• Miller Heiman Group
• Altify
• CommLab India
• Cohen Brown Picture Co. Inc.
• Carew International Inc.
• Janek Performance Group
• Kurlan & Associates Inc.
• Action Selling
• The Brooks Group
• BTS
• Imparta
• IMPAX
• Integrity Solutions
• Mercuri International
• RAIN Group
11. Market Outlook and Opportunities
• Emerging Technologies
• Future Market Trends
• Investment Opportunities
12. Appendix
• List of Abbreviations
• Sources and References
Report Research Methodology
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Data Collection Matrix
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Econometrics and data visualization model
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Industry Analysis Matrix
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