It is easy to harness the speed and scale of a software company with an excellent virtual training software in place.
In 2019, the global software product market was valued at $438 billion. A year before that, Grand View Research estimated the global business software and services market size at $322.91 billion and projected a CAGR of 10.7 percent from 2019 to 2025. But imagine the size of this industry value when it is calculated again next year. The COVID-19 impact would have accelerated the market in both breadth and depth for new geographies and verticals.
The reason is simply because most businesses are going virtual. Without the right software, no business service looks feasible in any industry. Introducing new software means businesses have to train people on skills they need, to effectively use the software, whether they are tech-savvy or new users. Even upgrades or version-levels would require a new set of competencies for proper utilization of any software. Smart training is also essential for minimization of errors, training time, and resistance. This is where virtual training software emerges as the optimal solution. And we can boil this down to eight key reasons:
1. Work from home is increasing
Recently, software companies have seen a rise in the volume of enterprise data and the automation of business processes. This is visible across several industries including retail, manufacturing, healthcare, and transportation. This accelerated the deployment of enterprise software and services in IT infrastructure.
However, the pandemic has interrupted much of the learning curve for these products, especially with the transition from working in the office to work-from-home culture. Now people have moved from offices to homes. Although they are using the same software, they do not have access to quick resolutions, IT help desk, and doubt-clearance sessions that were a routine part of the office environment. Hence, most of the software users in many enterprises need urgent and proper help from virtual training software.
2. Easy to train customers and partners on virtual labs
The engagement and speed of a virtual lab make it easy to train customers and users on a new product or version. In a report from Grand View Research, two areas emerged as constraints for market growth for the software industry: higher costs of licensing and providing timely support. The maintenance and support cost of the solution get covered in the standard software cost. However, the aspects of additional integration and customization increase maintenance and support costs. Companies are cautious of incurring more expenses related to timely maintenance and periodic updates. The virtual training software can help smooth out and long-tail adoption of a software product without leading to support issues and headaches.
3. Easy to test real-life scenarios
Software testing and real-life scenario checks are important parts of any software cycle. But it may seem like a tough task now that everyone is working in a distributed manner. But it is possible to simulate and test these scenarios for actual issues, limitations, and user-preference once the virtual training software is deployed. Once you deploy a virtual training software, you can simulate and test these scenarios for actual issues, limitations, and user-preferences.
4. More competition means more training
The crisis has increased the competition. As businesses struggle to survive and bounce back to growth, it becomes even more important to train workers to use the right tools. This training directly impacts worker productivity, customer service, and, ultimately, business revenues and survival.
5. Cloud is the way to work and collaborate
Cloud and on-premise technologies are gaining ground, especially with the impact of the pandemic. Industry estimates show that the growing demand and rising preference of organizations for different enterprise software and services have made a firm push for software customization. Grand View Research noted an expected surge in demand for on-premise deployment over the forecast period (2019-2025).
Cloud services are widely used in the global market for the minimization of a manual upgrade in enterprises. One of the main benefits to using the Ccloud is credited to the accessibility of data from remote locations. Energy consumption and regulations related to reduced carbon footprint are also seen as reasons encouraging organizations to opt for cloud-based services. Therefore, training employees how to effectively use the cloud through virtual labs can help achieve work collaboration.
6. Reduce the product-to-market time
Ready support for training and skilling speeds up the go-to-market journey. The adoption and development cycle shrinks, when users are easy to train, no matter where they are and how new a product or feature is.
7. Train geographically distributed workforce or users
With virtual training software, organizing trainers and sessions in far-off regions is not detrimental to the workforce. The same software training can be administered simultaneously across all branches and for both workers and users.
8. Any time, anywhere access
Virtual training software makes it easy for users to learn new skills in a self-paced, engaging, immersive, and self-service way. Because of the nature of virtual training, training loads for organizations are reduced.
As you can see, the virtual training software is the new engine for training in the post-COVID world. Adopting good virtual training software will only catalyze the future success of the company.