Global Online Coaching Software Market Highlights over 2022 – 2030
The global online coaching software market is estimated to grow at a robust CAGR of ~19% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing prominence of e-learning and digital education post the COVID-19 pandemic. Education sector took a hit during the global lockdown due to coronavirus, and classes were shifted to the online medium, where students attended online classes through smartphones or other devices. As a result, distance learning, and e-coaching rose to prominence, which were otherwise overlooked. The rising adoption of online education is estimated to boost the market growth. Moreover, various advantages of online coaching, such as, larger reach, increased accessibility in remote areas, more options for subjects to learn, and reduced operational cost, propelled the demand for e-coaching. The rise in demand for online coaching is projected to directly boost the demand for online coaching software. In addition to this, adoption of online coaching software reduces the labor cost, as additional management work, including attendance record, income and expense management, and communication management, are inbuilt in the software. The growing sale of smartphones, laptops and PCs is also estimated to positively influence the market growth. The global sale of smartphones surpassed 1.35 billion units in 2020.
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The growing penetration of internet to remote areas and increasing number individuals accessing the internet are estimated to boost the market growth. According to the statistics by the World Bank, 56.727% population had access to internet in 2019, up from 46.317% in 2017. The adoption of internet connection is expected to further increase in the upcoming years, which is projected to strengthen the market growth.
The market is segmented by device type into smartphones, tablets, desktop, and others, out of which, the smartphones segment is anticipated to hold the notable share in the global online coaching software market over the forecast period on account of growing demand and production of smartphones, along with easy availability of mobile phones even in remote areas. The growing sales of smartphones, backed by flexible price-range of phones, is also estimated to encourage segment growth. On the basis of application, the market is segmented into class schedule, student management, fees enquiry management, parent communication module, online exam, library management, and others, out of which, the fees enquiry management segment is estimated to grow significantly during the forecast period, owing to the accuracy in maintaining records through software, as compared to human resources. The parent communication segment is also estimated to hold notable share over the forecast period, as communication is easier with the help of software. The messages or notices can be sent to multiple users at the same time, efficient communication can be maintained via robots, and two-way communication can be achieved easily.
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Online Coaching Software Market Regional Synopsis
On the basis of geographical analysis, the global online coaching software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing young population, along with growing reach of smartphones and internet. According to the data by the World Bank, in India, over 361,017,585 individuals aged below 15 years.
The market in the North America region is anticipated to gain a substantial market share throughout the forecast period backed by the growing adoption of digital education, along with increasing technical advancement in the educational sector.
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The global online coaching software market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
Our in-depth analysis of the global online coaching software market includes the following segments:
By Pricing Model
By Device Type
- Class Schedule
- Student Management
- Fees Enquiry Management
- Parent Communication Module
- Online Exam
- Library Management
- Private Tutors
- Coaching Institutes
- Corporate Enterprises
- Growing Adoption of E-Learning and Online Education
- Increasing Penetration of Internet Connectivity
- Unavailability of Smartphones to Masses in Low-income Economies
- Lack of Proper Infrastructure
Top Featured Companies Dominating the Market
- Geeklabs Software Private Limited
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- TrueCoach, Inc.
- Interface Advantage Systems, Inc.
- DoTimely, LLC
- Acuity Scheduling, Inc.
- Cognician Software Ltd.
- PocketSuite, Inc.
- CoachAccountable, LLC.
- Universal Coaching Systems