Dublin, Oct. 19, 2021 (GLOBE NEWSWIRE) -- The "Growth Opportunities in the Global Webinars and Virtual Events Market" report has been added to ResearchAndMarkets.com's offering.
Standing at $1.57 billion in 2020, the global webinars and virtual events market will nearly triple in size to reach $4.44 billion in 2025.
This report uncovers several top of mind trends for the short- to mid-term and analyzes the key workplace transformation and digital events trends emerging in the post-pandemic era.
As remote and hybrid work become the new normal, what will be the new growth opportunities for webinars and virtual events? What will hybrid events of tomorrow look like? Given the fast changing market landscape, there are significant growth opportunities for vendors that can differentiate on better engagement and AI-driven feature sets in addition to pricing, use cases as well as scale and managed services.
In 2020, remote work and social distancing norms drove millions of businesses to cancel their brick-and-mortar events and shift to webinars and virtual events as an alternative to connect with distributed audiences. Driven by the long term, sustainable impact of distributed and hybrid work and adoption of digital channels, webinars and virtual events represent a booming growth opportunity.
Advanced data reporting, accessibility, reach, ease-of-use, no travel, and sustainability are the primary growth vectors putting the overall market on a high growth trajectory. In order to retain the broad digital audiences acquired during the pandemic, businesses will continue to invest in webinar and virtual event technologies leading to a robust revenue compound annual growth rate (CAGR 2020-2025) of 23.1 percent for the total market.
The report has analyzed the key market trends and has forecasted the market size/CAGR for webinars and virtual events. This report assesses the growth opportunities available to vendors in this space and lays out key strategies for success in the post-COVID online and hybrid events market.
Key Topics Covered:
1. Strategic Imperatives
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative
Growth Opportunities Fuel the Growth Pipeline Engine
2. Market Overview
Research Scope and Methodology
COVID-19 Travel Restrictions and the Events Industry
Key Growth Metrics
Key Competitors 2021
3. Competitive Landscape
Market Drivers and Restraints
4. Technology and Market Trends
Post-pandemic State of Work
Communications and Collaboration Solution Investment Drivers
Factors Restraining Use of Communications and Collaboration Tools
Widespread Use of Webinars
Webinars are Widely Deployed Across the Organization
Top Reasons for AI Investments
Top Purchase Factors in Selecting Big Data Analytics Solutions
5. Growth Forecasts
Total Addressable Market (TAM)
Percent of Revenue by Event Type
Number of Webinars Forecast
Revenue Contribution by Region
Revenue Market Share - Total Market
Revenue Market Share - Webinars
Revenue Market Share - Virtual Events
Market Share - Number of Webinars
Market Share Analysis
6. Growth Opportunity Universe, Global Webinar and Virtual Events Market
Growth Opportunities for Providers - Top Recommendations
Growth Opportunity 1 - Focus on AI and IoT to Create Personalized and Engaging Experiences
Growth Opportunity 2 - Hybrid Events Address the Next Normal
Growth Opportunity 3 - Extensible, Programmable Events Platforms
Growth Opportunity 4 - Video Conferencing Integration
Growth Opportunity 5 - Team Collaboration Integration
7. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/xcd567
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