The Global Webinar and Webcast Market is majorly up surged by the rapid growth in communication sector, according to our research report “Global Webinar and Webcast Market Outlook 2023”.
The global webinar and webcast market is segmented into end-user type. Among these types, education sector is expected to showcase the maximum growth in near future on account of rising implementation of webinar and webcast technology with the purpose to enhance learning. Feature of interaction and engagement with advanced technology is beneficial for the students in universities and other educational institutes.
The webinar and webcast market is expected to reach USD 800 Million by 2023 by registering a CAGR of 7.6 % during the forecast period 2016-2023 globally. Rapid adoption of advanced interactive technology and webcast tools in numerous corporate enterprises and rising popularity of webinars among the youth are bolstering the demand for webcast and webinars globally.
North America accounted for the largest revenue share of 77% in webinar and webcast market in 2015 and the market is expected to remain its dominance over the forecast period i.e. 2016-2023. Wide-scale application of webinars and adoption of webcast and webinar technology in numerous organizations across the region are fostering the growth of webinar and webcast market.
Growth in Communication Sector:
Rapid expansion of communication sector across the globe has changed the communication and interactive technology. Webcast technology enables the user to interact with the participants and host due to its user friendly interface. Enterprises are adopting webcast technology on account of growing need for enhanced communication services with less interruption. Training and learning through webcast technology enhances the user experience and also provides the information about the latest technology.
Growing trend of Webinars:
Rising penetration of smart gadgets along with advanced internet services and growing trend of Bring-Your-Own-Device in numerous government and private organizations are propelling the demand for webcast and webinar market across the globe. The market of webinar and webcast is also driven on the back of social media integration and growing webinars hosting through various social media interfaces.
Although, lack of advancements related to web-based services in undeveloped nations, slow adoption of webinars in government organizations and availability of other conferencing techniques are some of the major factors which are hindering the growth of webinar and webcast market across the globe.
The report titled “Global Webinar and Webcast Market Outlook 2023” delivers detailed overview of the Global Webinar and Webcast Market in terms of market segmentation by Deployment Type and by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the service providers of the Global Webinar and Webcast Market which includes company profiling of Cisco WebEx, Adobe, Microsoft Corporation, Mega Meeting, Skype, Click Webinar and OmNovia, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Webinar and Webcast Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.