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Web Real-time Communication Market Is Projected To Reach Usd 45.91 Billion By 2027, Growing At A Cagr Of 41.7% - Valuates Reports

07-08-2021 06:56 PM CET | IT, New Media & Software

Press release from: Valuates Reports

Web Real-time Communication Market Is Projected To Reach Usd

Web Real-time Communication Market Is Projected To Reach Usd 45.91 Billion By 2027, Growing At A Cagr Of 41.7% - Valuates Reports

The global web real-time communication market size was valued at USD 2.73 billion in 2019, and is projected to reach USD 45.91 billion by 2027, growing at a CAGR of 41.7% from 2020 to 2027.
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 WebRTC is adaptable to different system conditions and is also interoperable with Unified Communications (UC) or Voice over Internet Protocol (VoIP), it facilitates organizations with seamless coordination & communication through their current framework, which is expected to boost the market growth.
Cost-effective benefits of WebRTC technology, webification of real-time communication, and rise in adoption of WebRTC technology among enterprises are some of the key factors that drive the growth of the global web real-time communication market. In addition, increase in ICT spending in developing countries, rise in smartphone usage especially in Asia-Pacific, growth in internet connectivity, and developing requisite internet infrastructure in Asia-Pacific and Africa boost the market growth. However, lack of universal standards and rise in security and privacy concerns are anticipated to restrict the web real-time communication market growth. On the contrary, integration of AI with WebRTC, proliferation of BYOD trend, and increase in use of WebRTC for IoT provide lucrative growth opportunities for the global WebRTC market during the analysis period.
View Full Report:

By Component
Voice Calling & Conferencing
Video Calling & Conferencing
Message and File Sharing
Others (Social Networking and Gaming)
By WebRTC-Enabled Devices
By Industry Vertical
IT & Telecom
Public Sector
Media & Entertainment
By Region
North America
Rest of Europe
Rest of Asia-Pacific
Latin America
Middle East
Key Market Players
Avaya Inc.
Cisco Systems, Inc.
Dialogic Corporation
Oracle Corporation
Plantronics, Inc.
Plivo Inc.
Ribbon Communications Operating Company, Inc.
TokBox Inc. (Vonage)
Twilio Inc.

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