NEW
YORK, June 27, 2024 /PRNewswire/ -- The
global web real time communication (WEBRTC) market size
is estimated to grow by USD
185.61 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of
almost 66.71% during the forecast period. Rising demand
for easy-to-use RTC solutions is driving market
growth, with a trend towards combination of webrtc and
iot sensors. However, lack of high-end video conferencing
features poses a challenge. Key market players include ALE
International, Alphabet Inc., Anthology Inc., Apple Inc., AT and T
Inc., Avaya LLC, CafeX Communications Inc., Cisco Systems Inc.,
Enghouse Systems Ltd., Hewlett Packard Enterprise Co.,
International Business Machines Corp., Microsoft Corp., Mitel
Networks Corp., Oracle Corp., Plivo Inc., Quobis Networks SLU,
Ribbon Communications Inc., SANGOMA TECHNOLOGIES CORP.,
Telefonaktiebolaget LM Ericsson, and Twilio Inc..
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this
report
Web Real Time
Communication (Webrtc) Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
66.71%
|
Market growth
2024-2028
|
USD 185610.8
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
52.91
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
35%
|
Key
countries
|
US, UK, India, Canada,
and Germany
|
Key companies
profiled
|
ALE International,
Alphabet Inc., Anthology Inc., Apple Inc., AT and T Inc., Avaya
LLC, CafeX Communications Inc., Cisco Systems Inc., Enghouse
Systems Ltd., Hewlett Packard Enterprise Co., International
Business Machines Corp., Microsoft Corp., Mitel Networks Corp.,
Oracle Corp., Plivo Inc., Quobis Networks SLU, Ribbon
Communications Inc., SANGOMA TECHNOLOGIES CORP.,
Telefonaktiebolaget LM Ericsson, and Twilio Inc.
|
Market Driver
WebRTC market growth is driven by the integration of Internet of
Things (IoT) and sensors in applications. These sensors, acting as
remote cameras or microphones, provide data to enhance audio and
video. Motion detectors trigger picture-taking or live
viewing/recording. Temperature sensors use WebRTC data channels for
alerts and visual verification. Home security systems and visual
checks are additional benefits.
The Web Real Time Communication (WebRTC) market is experiencing
significant growth, driven by the increasing demand for real-time
video and audio communication in various industries. Companies are
implementing this technology to improve customer service, enhance
collaboration, and provide innovative solutions. The use of VoIP
and video conferencing in WebRTC is on the rise, allowing for more
effective and efficient communication. Additionally, the
integration of call recording, screen sharing, and chat
functionalities is adding value to the market. The customizability
and ease of implementation of WebRTC are also contributing factors
to its popularity. Overall, the WebRTC market is a dynamic and
innovative space, with applications in education, healthcare,
finance, and more.
Research report provides comprehensive data on
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Market Challenges
- WebRTC technology offers real-time communication freedom
through open-source projects. However, its growth may be challenged
due to limitations in high-end video conferencing features. With
the rise of Internet-supported devices, CPU overload issues arise,
affecting video and audio quality and file sizes. In cellular
phones, these issues lead to battery drain. To address these
concerns, advancements in CPU capabilities and video compression
techniques are essential for enhancing WebRTC's functionality and
user experience.
- The Web Real Time Communication (WebRTC) market is experiencing
significant growth, with video conferencing and calling being its
primary applications. However, challenges persist in implementing
this technology. One major challenge is ensuring secure and
reliable communication between browsers. Another issue is
interoperability between different platforms and devices.
Additionally, scalability and cost-effectiveness are crucial
factors for businesses adopting WebRTC. Furthermore, integrating
this technology with existing systems and workflows can be complex.
Lastly, ensuring high-quality video and audio during real-time
communication is essential but can be a challenge due to varying
network conditions.
For more insights on driver and challenges
- Request a sample report!
Segment Overview
This web real time communication (webrtc) market report
extensively covers market segmentation by
- Application
- 1.1 Video
- 1.2 Voice
- 1.3 Data sharing
- Platform
- 2.1 Mobile
- 2.2 Browser
- 2.3 UC
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Video- WebRTC is a technology enabling
real-time communication through web browsers, eliminating the need
for additional software or plugins for video conferencing. Built on
HTML APIs like getUserMedia, RTCPeerConnection, and RTCDataChannel,
it offers high-definition streaming with encryption for secure and
affordable video conferencing. With over 2 billion Chrome browsers
supporting WebRTC and its usage expanding to IoT devices, the
market is poised for significant growth, reaching an estimated 30.9
billion devices by 2025. Key users include Snapchat for video
calling.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The WebtRTC market is experiencing significant growth among
Small and Medium Businesses (SMBs), as they seek cost-effective
communication solutions beyond expensive proprietary systems used
by established organizations. Data centers are essential for
hosting WebtRTC applications, enabling voice calling and video
calling functionalities. Voice over LTE (VoLTE), HD Voice, and
Wi-Fi Calling are key features driving adoption, enhancing customer
engagement and business interactions through various channels.
Contact centers are increasingly leveraging WebtRTC for chat,
voicemail, and voice calling, while WhatsApp API and other
messaging platforms offer additional communication avenues. SMBs
benefit from the flexibility and affordability of WebtRTC
solutions, making it a valuable tool for modern business
communication.
Market Research Overview
The Web Real-Time Communication (WebRTC) market refers to the
technology and services that enable real-time, peer-to-peer
communication via web browsers. This includes voice, video, and
data transmission between devices without the need for
intermediaries. The market is experiencing significant growth due
to increasing demand for remote work and online collaboration
solutions. Key features of WebRTC include its ability to adapt to
changing network conditions, low latency, and secure communication.
Applications of WebRTC span across various industries such as
healthcare, education, finance, and gaming. The technology is also
being used for real-time analytics, IoT device communication, and
augmented reality experiences. The market is expected to continue
growing as more businesses adopt real-time communication solutions
to enhance productivity and customer engagement.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Platform
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio