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Global Live Online Webinar Software Market 2024 : Trends, Business Growth And Major Driving Factors | Google LLC, Microsoft Corporation, Verizon Communications Inc., Meta Platforms Inc
Live Online Webinar Software Global Market Report 2024
Live Online Webinar Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $228.13 Bn In 2028 At A CAGR Of 16.9% :
The live online webinar software market size has grown rapidly in recent years. It will grow from $104.86 billion in 2023 to $122.13 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to rise of remote work, increased focus on education and training, demand for lead generation and marketing, growing digital events industry, increasing emphasis on engagement and interactivity.
The live online webinar software market size is expected to see rapid growth in the next few years. It will grow to $228.13 billion in 2028 at a compound annual growth rate (CAGR) of 16.9%. The growth in the forecast period can be attributed to integration with virtual reality (VR) and augmented reality (AR), hybrid workforce solutions, gamification and interactive experiences. Major trends in the forecast period include hybrid event solutions, mobile optimization, on-demand webinars, interactive content formats, ai-powered insights and automation.
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Live Online Webinar Software Market Major Segments
The live online webinar software market covered in this report is segmented -
1) By Type: Cloud-Based, On-Premises
3) By Deployment Model: Subscription-Based, Ownership-Based
3) By Application: Personal, Business
4) By End-User: Education, Healthcare, Government, Banking, Financial Services, And Insurance (BFSI), Retail
Key Driver - Growing Acceptance Of Digital Education Fuels Live Online Webinar Software Expansion
The growing acceptance of digital education is expected to propel the growth of the live online webinar software market going forward. Digital education uses digital technologies, such as computers, the internet, and multimedia resources, to deliver and enhance the learning experience. The growing acceptance of digital education is driven by its ability to make learning more accessible, flexible, affordable, and engaging while leveraging technology to meet the evolving needs of learners in the digital age. Online webinar software is extensively used in digital education to enhance the learning experience for students and educators and facilitate an interactive and engaging online teaching experience. For instance, according to reports published by the World Economic Forum, a Switzerland-based non-governmental organization, online education students surged from 71 million in 2020 to 92 million in 2021. Therefore, the growing acceptance of digital education is driving the growth of the live online webinar software market.
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Prominent Trend - Revolutionizing Virtual Event Management With All-in-One Solution
Major companies operating in the live online webinar software market focus on developing innovative technological solutions, such as Zoom Events, to simplify organizing virtual events. This platform is a comprehensive solution that combines various tools and features to plan, promote, and host online events. For instance, in May 2021, Zoom Video Communications Inc., a US-based communications technology company, announced the launch of its new platform, Zoom Events, which is designed to provide customers with an all-in-one solution for creating a wide range of engaging virtual experiences. The platform combines the reliability and scalability of Zoom meetings, chats, and video webinars into one comprehensive solution for event organizers. Additionally, it offers features such as customizable ticketing and registration, control over access and billing, and the ability to host various events, including free or paid, one-time or series. It aims to provide a comprehensive solution for hosting virtual events at any scale.
Live Online Webinar Software Market Players
Major companies operating in the live online webinar software market are Google LLC, Microsoft Corporation, Verizon Communications Inc., Meta Platforms Inc, Tencent Holdings Limited, Cisco Systems Inc, Adobe Inc., Zoom Video Communications Inc, RingCentral Meetings, Intrado Inc., Zoho Corporation Pvt Ltd, Vimeo Inc, ON24 Inc, Intermedia.net Inc, Join.me, StreamSpot Inc., Kaltura, FreeConferenceCall.com, ClickMeeting Sp. z o.o., BrightTALK, Crowdcast, Genesis Digital LLC, WebinarJam, StreamYard, StreamGo
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the live online webinar software market in 2023. The regions covered in the live online webinar software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Live Online Webinar Software Market Report Structure
3. Live Online Webinar Software Market Trends And Strategies
4. Live Online Webinar Software Market - Macro Economic Scenario
5. Live Online Webinar Software Market Size And Growth
…..
27. Live Online Webinar Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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