Mentoring Software Market Share

North American Market Forecast

The mentoring software market in North America is predicted to account for the largest share of 40% by 2036 impelled by the growing number of multinational companies (MNCs). The three largest multinational corporations with American headquarters are Apple Inc., Alphabet Inc., and Microsoft Corporation which greatly benefit the U.S. economy. For instance, with more than 715 businesses, the United States is the nation with the highest number of global enterprises which amounts to around 32% of all MNCs with headquarters in the United States.

APAC Market Statistics

The APAC mentoring software market is estimated to be the second largest, during the forecast timeframe led by the growing funding in the information technology sector. For instance, India is expected to spend over USD 124 billion on IT in 2024, a 10% rise from 2023. Particularly, in 2022, the IT services segment—which encompasses managed and consulting services—saw the second-highest growth in spending driven by digital initiatives in the public sector and investments in telecom, and tech outsourcing.

Frequently Asked Questions (FAQ)

Growing online education across the globe and the growing innovations in mentoring software are the major factors driving the growth of the market.

The market size of mentoring software is anticipated to attain a CAGR of 20% over the forecast period, i.e., 2024-2036.

The major players in the market are CleverMemo, Chronus LLC, Graduway, Mentorink Limited, Qooper, sfG Software Ltd, mentorcliQ, Oracle, almabase, and others.

The on-premise segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Mentoring Software Market Share