According to a new report Global Web Real-Time Communication Market, published by KBV research, The Global Web Real-Time Communication Market size is expected to reach $29.8 billion by 2026, rising at a market growth of 44.4% CAGR during the forecast period.
Among solutions, voice calling and conferencing are anticipated to rule the solution section in the web RTC market because of the significant expense related to mobile voice communication services. However, video calling and conferencing solution is anticipated to develop at the biggest Compound Annual Growth Rate (CAGR) during the forecast period because video conferencing solutions are anticipated to progressively integrate the WebRTC innovation to improve the nature and quality of video and audio.
The IT and Telecom vertical is anticipated to rule the market with the biggest share of the market during the forecast period. The healthcare industry vertical is anticipated to develop at the biggest rate the development credited to ease of the planning of appointments and checkups with online healthcare specialists, to dispense with the requirement for patients to visit hospitals.
The cell phones and tablets segment represented the highest share of the market in 2019 and will hold the predominant position all through the forecast years. Expanding the infiltration of cell phones is the main factor adding to the huge revenue share. The PCs segment is would showcase significant CAGR from 2020 to 2026. Various desktop, laptops, and other computing gadgets already accept real-time communication through WebRTC browsers, for example, Google Chrome, Mozilla Firefox, Opera, and Safari.
North America held the biggest share of the industry in 2019 and will keep up its predominant position even during the forecast period. This is credited to the presence of significant market players, for example, Cisco Systems, Inc., Oracle Corporation, Ribbon Communications Operating Company, Inc., and Avaya Inc. The Asia Pacific is anticipated to be the quickest developing regional market from 2020 to 2026. This is because of the expanding number of web users in developing nations, for example, India and China.
Structural Insights: https://www.kbvresearch.com/web-real-time-communication-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Cisco Systems, Inc., AT&T, Inc., Avaya Holdings Corporation, Plantronics, Inc., Twilio, Inc., Oracle Corporation, Enghouse Systems Limited (Dialogic Corporation), Vonage Holdings Corporation (TokBox, Inc.), CafeX Communications, Inc., and Plivo, Inc.
Global Web Real-Time Communication Market Segmentation
By Component
- Solutions
- Voice Calling & Conference
- Message & File Sharing
- Video Calling & Conference
- Others
Services
- By Enabled Device
- Smartphones & Tablets
- PCs
- Others
By End-User
- IT & Telecom
- Retail
- Healthcare
- Media & Entertainment
- BFSI
- Others
By Geography
North America
- US
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- Cisco Systems, Inc.
- AT&T, Inc.
- Avaya Holdings Corporation
- Plantronics, Inc.
- Twilio, Inc.
- Oracle Corporation
- Enghouse Systems Limited (Dialogic Corporation)
- Vonage Holdings Corporation (TokBox, Inc.)
- CafeX Communications, Inc.
- Plivo, Inc.
