The Global Web Real-Time Communication Market- Trends, COVID-19 impact and Forecast (2021-2025)
The Web Real-Time Communication Market is segmented by Component Type (Solutions and Services); Enabled Devices (Smartphones and Tablets, PCs and Others); End-users; Geography (North America, Europe, APAC, and ROW).
Introduction
Web real-time communication or WebRTC is an open-source application that offers browsers & mobile applications with real-time communication capabilities through simple APIs.
Factors such as verification of communication, increasing demand for WebRTC solutions from SMBs, and demand for secure & robust communication. are driving the market demand. However, the complexity in standard real-time control is hampering the growth of the market.
The COVID-19 pandemic has positively impacted the importance of WebRTC due to the increasing preference for video conferencing to host corporate events, trade shows, international seminars, and investor presentations. Moreover, the work-from-home regulations are also anticipated to fuel the demand for WebRTC during this pandemic situation.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Cost-effective benefits of WebRTC technology
10.2 Webification of real-time communication
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Apidaze
15.2 Avaya
15.3 Cisco Systems
15.4 Dialogic
15.5 Oracle
15.6 Plivo
15.7 Quobis
15.8 TokBox
15.9 Twilio
15.10 Alcatel-Lucent
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The Global Web real-time communication market is expected to grow to $21.90 billion by 2025.
Growth momentum is expected to accelerate during the forecast period with 47.85% CAGR.
The rising penetration of smartphones is fueling the demand for WebRTC in smartphones & tablets segment during the forecast period.
North America dominated the market in 2020 owing to increasing demand for virtual meetings coupled with high-speed internet connectivity in this region.
Key Trends
The increasing customized solutions to cater to the specific needs of organizations are likely to create opportunities in the near future.
Integration of AI with WebRTC, the proliferation of BYOD trends, and an increase in the use of WebRTC for IoT are anticipated to drive the market during the forecast period.
Key Market Players
Some of the key players in the market are Apidaze, Avaya, Cisco Systems, Dialogic, Oracle, Plivo.
In recent years, the key market players are adopting various strategies initiatives such as new product launches and focus on continuous technology innovations, M&A to increase their market share.
Growth Drivers and Challenges
The cost-effective benefits of WebRTC technology are driving the market demand.
Webification of real-time communication and the rise in adoption of WebRTC technology among enterprises are other factors driving the market growth.