Global Web Real-Time Communication Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Web Real-Time Communication Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global web real-time communication market has been segmented on the basis of component, enabled device, end-use, as well as regions and countries.
Web Real-Time Communication (RTC) is a free, open-source project that provides web browsers and mobile applications with real-time communication via simple Application Programming Interfaces (APIs). It allows audio and video communication to work inside web pages by allowing direct peer-to-peer communication, eliminating the need to install plugins or download native apps.
In light of the recent COVID-19 outbreak, numerous trade show, corporate events, investor presentations, international seminars, etc. have been temporarily cancelled. As a result, a majority of events such as these are being orchestrated through video conferencing. Furthermore, Work from Home (WFH) regulations and strict lockdown measures have subsequently led to a drastic increase in the demand for RTC solutions. Factors such as these are expected to have a significant impact on the revenue growth of the global web real-time communication market in the foreseeable future.
The need to share information via the internet, e-learning, as well as the increasing number of internet users and the rising penetration of the internet on a global-level are additional factors that are expected to contribute to the revenue growth of this global market in the years to come.
Powering real-time communication in the BFSI and retail sectors respectively are also anticipated to play crucial roles in the market growth of this industry over the next 10 years.
Segmentation of the global web real-time communication market is as follows:
In terms of component, the solutions segment accounted for the majority revenue share of the global web real-time communication market in 2019, and is expected to continue to do so over the next decade. This can be attributed to the increasing demand for advanced API’s to embed real-time communication in browsers. Although, the services segment is slated to index the highest rate of revenue growth in the years to come.
On the basis of enabled device, the smartphones and tablets segments accounted for the majority revenue shares of this global market, and is expected to continue to do so over the forecast period. The PC segment is also expected to register considerable revenue growth in the years to come.
With respect to end-use, the IT & telecom segment accounted for the highest number of revenue shares of this global market in 2019. However, the healthcare segment is expected to index the highest rate of revenue growth over the next decade, owing to the increase in adoption of telehealth platforms to reduce additional costs and increase patient engagement.
Regional Segmentation and Analysis:
North America accounted for the majority revenue share of the global web real-time communication market in 2019, owing to the large presence of key industry players in this region. However, markets in the APAC region are slated to index the fastest rate of revenue growth over the next 10 years, due to the increasing number of internet users in countries such as China and India.
Segmentation of the Global Web Real-Time Communication Market:
Segmentation by Component:
- Voice Calling & Conference
- Video Calling & Conference
- Message & File Sharing
Segmentation by Enabled Device:
- Smartphones & Tablets
Segmentation by End-Use:
- IT & Telecom
- Media & Entertainment
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Avaya Inc.
- Cisco Systems Inc.
- Dialogic Corp.
- Oracle Corp.
- Plivo Inc.
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