Mentoring Software Market Size

Mentoring Software Market size is poised to reach USD 2 Billion by the end of 2036, growing at a CAGR of 20% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of mentoring software was USD 637 Million. The reason behind the growth is impelled by growing online education across the globe. Over the past ten years, there has been a noticeable increase in the number of people pursuing online learning as people have been able to acquire new skills owing to growing usage of the internet, the availability of many online learning systems including Udemy, Coursera, Lynda, Skillshare, and Udacity which are often less expensive than conventional classroom-based courses, and are easily accessible from any computer or mobile device. For instance, with more and more corporations requiring their staff to complete coursework online, the e-learning market is predicted to expand by more than 14% a year.

The growing innovations in mentoring software are believed to fuel the mentoring software market growth. Artificial intelligence (AI)-powered mentoring tools are software programs that combine users' social and educational circumstances to generate a personalized and well-curated learning program to improve the process of mentoring, personalize mentor-mentee matching, and help mentees and mentors alike acquire important skills.