PUBLISHER: The Business Research Company | PRODUCT CODE: 1485160
PUBLISHER: The Business Research Company | PRODUCT CODE: 1485160
Live online webinar software encompasses digital platforms or tools specifically created to enable the hosting and participation of live webinars via the internet. These software solutions replicate the interactive aspects of in-person events, including real-time audio and video communication, effectively engaging with audiences in a virtual environment.
The primary types of live online webinar software are cloud-based and on-premises. Cloud-based solutions operate on a computing model where resources such as applications, storage, and processing power are hosted and delivered via the internet. These solutions offer various deployment models, including subscription-based and ownership-based, catering to a wide range of applications such as personal and business use. End users span across various sectors including education, healthcare, government, banking, financial services, insurance (BFSI), and retail.
The live online webinar software market research report is one of a series of new reports from The Business Research Company that provides live online webinar software market statistics, including live online webinar software industry global market size, regional shares, competitors with a live online webinar software market share, detailed live online webinar software market segments, market trends and opportunities, and any further data you may need to thrive in the live online webinar software industry. This live online webinar software market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 witnessed during the historic period can be attributed to several factors, including the rise of remote work practices, heightened focus on education and training initiatives, increased demand for lead generation and marketing activities, expansion of the digital events industry, and a growing emphasis on enhancing engagement and interactivity in online interactions.
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 anticipated growth in the forecast period can be attributed to several factors, including the integration with virtual reality (VR) and augmented reality (AR), the rise of hybrid workforce solutions, and the adoption of gamification and interactive experiences. Key trends expected during this period include the emergence of hybrid event solutions, increased focus on mobile optimization, the popularity of on-demand webinars, the utilization of interactive content formats, the integration of AI-powered insights and automation into webinar software.
The live online webinar software market is poised for growth driven by the increasing acceptance of digital education. Digital education, utilizing technologies such as computers, the internet, and multimedia resources, offers enhanced accessibility, flexibility, affordability, and engagement in learning. Online webinar software plays a crucial role in digital education by enriching the learning experience for both students and educators, fostering interactive and engaging online teaching environments. Reports from the World Economic Forum indicate a significant surge in online education students from 71 million in 2020 to 92 million in 2021, highlighting the escalating demand for live online webinar software to support digital education initiatives.
Key players in the live online webinar software market are focusing on developing innovative technological solutions to streamline virtual event organization. In May 2021, Zoom Video Communications Inc. introduced Zoom Events, offering an all-in-one solution for planning, promoting, and hosting virtual events. This platform integrates various tools such as meetings, chats, and video webinars, providing event organizers with customizable ticketing and registration options, access control, and billing features. With Zoom Events, users can effortlessly host a variety of events, from free to paid, one-time to series, catering to diverse virtual event needs at any scale.
In January 2024, ProProfs strengthened its online learning and training suite by acquiring WebinarNinja, a virtual communication platform developer, for an undisclosed amount. This strategic acquisition enables ProProfs to enhance its eLearning solution with WebinarNinja's live and automated webinar capabilities, on-demand courses, and hybrid coaching features. WebinarNinja's platform facilitates online seminars, workshops, and conferences, aligning with ProProfs' goal of providing users with a comprehensive eLearning experience.
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
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 countries covered in the live online webinar software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The live online webinar software market consists of revenues earned by entities by providing services such as video conferencing, screen sharing, custom branding, analytics and reporting, and recording and playback. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.