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(AsiaNewsWire.Net, September 22, 2021 ) Web Real-Time Communication market is predicted to grow from an estimated USD 2.8 Billion in 2020 to USD 38.5 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 44.2% during the period 20202027.
Web real-time communication or WebRTC is an open project that offers browsers & mobile applications with real-time communication capabilities through the simple APIs. As market is adaptable to different system conditions and is also interoperable with Unified Communications (UC) or Voice over Internet Protocol. Embedding RTC into web applications delivers a better user experience and reduces costs, as the need for installing additional plugins is eliminated.
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Increasing demand for WebRTC solutions from SMB can drive the market growth
SMBs faces many challenges related to cost effective communication services as they are more prepared to implement WebRTC enabled applications and solutions as these solutions offer ease of deployment of real-time communication services at low cost.
April 2017, Haivision launched the KB 4K encoder powered with the Intel Visual Compute Accelerator 2 to empower Nokias OZO Reality Platform to enable the real-world delivery of 360° videos.
COVID-19 Poses Great Challenges for WebRTC Market
During the current Covid-19 crisis this is gaining upsurge of interest among enterprises of all sizes around the world. The adoption of time-critical cloud infrastructures in RTC is another key developmental trend in the WebRTC Market. The demand has risen particularly in e-commerce sector. Other end-use industries that are capable of expanding the revenue potential considerably are media and entertainment and BFSI sectors.
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The Global WebRTC market is segmented into North America, Asia-Pacific, Europe, Middle-East & Africa and Latin America. North America is expected to account for the largest share of the overall market due to factors, such as technological developments in market and increasing investments by the top market players in the region, several large vendors of WebRTC solutions are also present in this region. APAC is expected to have the highest growth rate during the forecast period, owing to a significant increase in the demand for web-based video and audio communications during the last couple of years
ATandT, Avaya, Dialogic, GENBAND, TokBox, Alcatel-Lucent, Apple, Apidaze, Blackboard, CafeX Communications, Cisco, Digium, Ericsson, Google, IBM, Microsoft, Mitel Networks, Polycom, Opera, Oracle, TWILIO, Quobis
Enabled Device Outlook
Smartphone & tablets
End User Outlook
IT & Telecom
Middle East & Africa
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