openPR Logo
Press release

Web real-time communication market is projected to reach $45.91 billion by 2027 | Key Market Players - Avaya Inc., Cisco Systems, Inc., Dialogic Corporation, Plantronics, Inc., Oracle Corporation, Plivo, Quobis

10-27-2020 10:27 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Web real-time communication market is projected to reach $45.91

The telecom & IT industry is witnessing major adoption of WebRTC solutions among many other industries, owing to usage of WebRTC by telecom companies for implementation of over-the-top (OTT) services to enable working on different platforms and devices. Moreover, the healthcare industry is anticipated to grow due to rise in popularity of telehealth apps.

The global web real-time communication market was pegged at $2.73 billion in 2019, and is projected to reach $45.91 billion by 2027, growing at a CAGR of 41.7% from 2020 to 2027.

Download Report Sample (150 Pages PDF with Insights) at https://www.alliedmarketresearch.com/request-sample/2305

By region, the global web real-time communication market across North America held the largest share in 2019, accounting for more than one-fourth of the market. This is due to awareness about the advantages of web real-time communication and high ICT expenditure across various sectors. However, the market across Asia-Pacific is expected to register the highest CAGR of 43.4% during the forecast period. This is due to ease in adoption of fast internet connectivity including 4G connections, large population base, massively growing smartphone penetration, rise in competition among telecom service providers, and surge in usage of social media among millennials.

Cost-effective benefits of WebRTC technology, increasing webification of real-time communications, and surge in adoption of WebRTC among enterprises have boosted the growth of the global web real-time communication market. However, lack of universal standards and surge in security and privacy concerns hamper the market growth. On the contrary, integration of AI with WebRTC, rapid adoption of BYOD trend, and surge in use cases of WebRTC for IoT create lucrative opportunities for the market players in the future.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2305

By industry vertical, the healthcare segment is anticipated to manifest the highest CAGR of 43.3% during the forecast period, due to increasing awareness about the benefits of telemedicine & remote patient monitoring. However, the IT & telecom segment held the largest share in 2019, contributing to more than one-fifth of the global web real-time communication market, owing to rise in demand for a secure, low cost communication medium and surge in strategic alliances, partnership programs, business re-modeling, and product launches in the IT & telecom industry.

By component, the solution segment dominated the global web real-time communication market in 2019, accounting for more than two-thirds of the market, owing to increased adoption among enterprises for applications such as video conferencing, staff meetings, BYOD applications and use of WebRTC as a substitute for VoIP or unified communication solutions. However, the service segment is expected to register the highest CAGR of 43.8% during the forecast period, due to the need of enterprises to find suitable WebRTC solutions and help integrate it with other enterprise applications.

Access full summary at: https://www.alliedmarketresearch.com/web-real-time-communication-market

The global web real-time communication market analysis includes some of the key market players such as Avaya Inc., Cisco Systems, Inc., Dialogic Corporation, Plantronics, Inc., Oracle Corporation, Plivo, Quobis, Ribbon Communications Operating Company, Inc., Tokbox Inc. (Vonage), and Twilio Inc.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Web real-time communication market is projected to reach $45.91 billion by 2027 | Key Market Players - Avaya Inc., Cisco Systems, Inc., Dialogic Corporation, Plantronics, Inc., Oracle Corporation, Plivo, Quobis here

News-ID: 2172732 • Views: 246

More Releases from Allied Market Research

Submarine Combat Systems Market Applications, Regional Analysis, Key Players and …
Allied Market Research published a new report, titled, "Submarine Combat Systems Market." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage. Get detailed COVID-19 impact
Remote Weapon Station Market Strategic Trends Growth, Revenue and Top Companies, …
According to a new report published by Allied Market Research, titled, "Remote Weapon Station Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) - Global Opportunity Analysis and Industry Forecast, 2020-2027." The report has offered an all-inclusive analysis of the global remote weapon station market taking into consideration all
Light Commercial Vehicle Windows and Exterior Sealing Market Strategies, Technol …
The light commercial vehicle window & exterior sealing system is majorly used to protect the interior cabin of the vehicle from dirt, external noise and rainwater. The sealing system is one of the vital safety systems for the light commercial vehicles. The application of windows & exterior sealing systems guarantees a comfortable & safe ride for the passengers. Furthermore, the sealed windows and exterior borders help in avoiding the damage
Light Commercial Vehicle Real-Time Parking System Market Technological Innovatio …
The real-time parking management system uses advanced technologies such as in-ground sensors, radio detection & ranging (RADAR) and light detection & ranging (LIDAR) to detect the presence of available parking slot for light commercial vehicles. The parking management system is an intelligent and effective system which uses mentioned technologies to help the driver and find a safe & secure parking space. Thereby, allowing the driver to park without any hassle

All 5 Releases


More Releases for WebRTC

Webrtc Market Key Trend Analysis by 2021
Web Real-Time Communication (WebRTC) is an internet browser interface which enables real-time communication between two internet browsers. WebRTC enables peer to peer audio, video and data communication between the browsers without plugins. This key functionality of WebRTC not only reduces the time required but also makes the process easy for a non-technical user since WebRTC requires no plugins, frameworks or applications. The browsers use Session Description Protocol (SDP) to establish
WebRTC Market- phenomenal progress in communication technology
According to a new research report by Transparency Market Research (TMR), the rivalry between Twilio Inc., Avaya Inc., Dialogic Corp., Genband, Mitel Networks, and Oracle Corp. points towards a highly fragmented and competitive landscape present in the global web real-time communication (webRTC) market. As the leading players are increasingly being involved into the acquisition of smaller participants to increase their market share, the competition within this market is likely to
WebRTC Market: Demand for Voice WebRTC Solutions to Remain Strong
According to a new research report by Transparency Market Research (TMR), the rivalry between Twilio Inc., Avaya Inc., Dialogic Corp., Genband, Mitel Networks, and Oracle Corp. points towards a highly fragmented and competitive landscape present in the global web real-time communication (webRTC) market. As the leading players are increasingly being involved into the acquisition of smaller participants to increase their market share, the competition within this market is likely to
Ecosmob Announced WebRTC Development Services
Ecosmob Technologies Private Limited is one of the most acclaimed VoIP solution providers globally. The company has delivered VoIP, mobile apps and web development solutions to the global clientele with quality assurance and seamless performance to get fame as a prominent IT partner. The company’s journey of over 10 years has remained remarkable from high client satisfaction ratio. Speaking on this occasion, a spokesperson at Ecosmob revealed the objective behind
WebRTC Market Rugged Expansion Foreseen by 2021
Web Real-Time Communication (WebRTC) is an internet browser interface which enables real-time communication between two internet browsers. WebRTC enables peer to peer audio, video and data communication between the browsers without plugins. This key functionality of WebRTC not only reduces the time required but also makes the process easy for a non-technical user since WebRTC requires no plugins, frameworks or applications. The browsers use Session Description Protocol (SDP) to establish
WebRTC Market
Web Real-Time Communication (WebRTC) is an internet browser interface which enables real-time communication between two internet browsers. WebRTC enables peer to peer audio, video and data communication between the browsers without plugins. This key functionality of WebRTC not only reduces the time required but also makes the process easy for a non-technical user since WebRTC requires no plugins, frameworks or applications. The browsers use Session To View Complete Report @