Global WebRTC Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
Global WebRTC Market: Overview
"The WebRTC Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
WebRTC stands for real-time web communication, an Internet browser that enables real-time communication between two browsers. WebRTC is also known as an open-source application programming interface (API). WebRTC offers a smoother point-to-point transfer of audio, data, and video communication that is accomplished by using two browsers.
Global WebRTC Market: Dynamics
WebRTC offers some benefits such as ease of access, encrypted commercial telephony, and more time-efficient. These are among some of the major factors expected to drive the growth of the global webRTC market. WebRTC is easily accessible and mostly used by application developers as it offers an open-source programming interface. In addition, as compared to traditional systems, webRTC provides solutions at a lower cost with enhanced systems. WebRTC is platform and device independent, which are projected to encourage preference.
Moreover, the high demand for applications that enable secure real-time communication is expected to fuel the growth of the global webRTC market. WebRTC offers new platforms and contexts for telecommunication and data communication, due to which mobile device is becoming a major mode. WebRTC offers advantages such as network security reliability, efficiency, point-to-point communication, and time-to-time delivery of contents.
As a result, various industries are projected to adopt webRTC. Computers are used across almost all industries, and the growing usage of the world wide web and the rising incidence of cyber-attacks has resulted in high demand for webRTC. However, the confidentiality of data is a major concern due to increasing cyber-attacks, a major factor expected to hamper the growth of the global webRTC market.
Global WebRTC Market: Segment Analysis
Among the end-use industry segments, the information technology and telecommunication segment are projected to account for the largest revenue share in the global webRTC market. Increasing adoption of webRTC is a major factor driving the adoption and application of webRTC in the IT and telecommunication sectors. Furthermore, the growing demand for video conferencing and video calls in the IT industry is expected to continue to drive revenue growth from this segment.
Global WebRTC Market: Region Analysis
The North American market is projected to account for the highest revenue share in the global webRTC market. Increasing adoption and proliferation of IT and telecom sectors are expected to drive market growth. Moreover, leading vendors focusing on upgrading communication systems to enhance security over networks are among other factors expected to drive market growth.
Global WebRTC Market Segmentation:
Segmentation by Solution:
- Data Sharing
Segmentation by Platform Provider:
- Browser Platform Provider
- Mobile Platform Provider
- Unified Communication Platform Provider
Segmentation by End-use Industry:
- Information Technology
- Health Care
- Media and Entertainment
- Banking Financial and Insurance Services
- Others (Energy and Transportation)
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Acano Limited
- Google LLC
- Avaya, Inc.
- Cafex Communications Inc.
- Citrix Systems Inc.
- Dialogic Corporation
- Genband US LLC
- Oracle Corporation
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