If you focus just on the SVG example, and what is the easiest way to align letters that paths around a circle, It’s pretty easy in Lightburn. Using that specific example, there is no magic way to do it in CorelDraw, Illustrator or Inkscape. Illustrator does have a nice trick called making a scatterbrush, but you can’t easily control the number of shapes.
Breaking down your example. Let’s assume you want to align the top of the letters about .25" away from the outer edge of a 18" diameter circle. I traced your screen capture, and scaled it to 18" diameter. The letters aren’t the best because they were traced. They are good enough for this example.
Move the letters to the side, and draw a 17.5" diameter in the center of the 18".
Here is where you need to be consistent, and rotate and align 1 letter at a time. There is no easy way in AI or Inkscape to use the letters you have and align them to the path. But you can make it easy for yourself in those programs and LB. Here is how I do it.
Each letter need to be rotated so it is at 0 degrees, and the top of the letters need to aligned to the inner circle. I am using a circle on layer T2, so it is reference only. The height of the letters is about 1.66". Now Use Lightburns View Shape Measurements tool along with drawing a line thru the middle of each layer starting from bottom to top. You then use the LB tool to determine the rotation of the letter.
Rotate the first letter 60 degrees and it will now be good enough. then drag it to the top edge of inside circle. I also drew some reference lines that are at 15 degrees.
Select the inside reference circle and the letter W, and key in -100 in rotation box
Now do the E. You can also set your shape move increments to small numbers, so you are nudging the letters into position at top of inside circle, then rotating. If you keep both letter and circle selected, you can keep rotating in small amounts until it gets close. The angular reference lines help you get the first rotation of each letter in the ballpark.
When you get to a letter that you already positioned, select letter and duplicate. Then select letter and circle and rotate. Here I am doing E. After it is in position, select the word WELCOME, group it, and select inner circle and rotate -15.
Finish the word TO, and select the 2 words and group. now select grouped words and inner circle, and rotate until it looks good.