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.

The Final Report will cover the impact analysis of COVID-19 on this industry @https://www.researchnester.com/sample-request-237

Spiked penetration of smart gadgets

Rising penetration of smart devices coupled with advancement in internet services across the globe is one the major factor fuelling the growth of Webinar and webcast market. Furthermore, increasing trend of bring-your-own-device in numerous organizations and growing awareness among the tech savvy population towards the advanced interactive technology are believed to intensify the growth of webinar and webcast market. 

Rising digitization across various sectors

Rising digitization across the globe sequentially raise the demand for webinar and webcast technology to spread information among the employees of an organization. Further, universities and other educational institutes are providing classes and trainings through webinar which is also envisioned to bolster the growth of webinar and webcast market.

However, lack of advancement related to web based services in underdeveloped nations is expected to hamper the growth of webinar and webcast market. Moreover, slow adoption rate of web based service by government organizations is anticipated to hinder the growth of webinar and webcast market.

In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.

On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

This report also provides the existing competitive scenario of some of the key players of the global webinar and webcast market which includes company profiling of Cisco WebEx, Adobe Connect, Microsoft Corporation, Mega Meeting, Skype, Click Webinar, OmNovia, Webinato, Clickmeeting and Onstream Media.

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 of 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 stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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