Web Real-Time Communication Market will reach at $ 4.3 billion by 2032,demand and future scope with Russia-Ukraine Crisis Impact Analysis -AT and T, Tokbox, Apidaze, Avaya, Cisco Systems, Genband, Dialogic, Polycom, Oracle, Twilio, Quobis, Cafex Communica

The global web real-time communication market size was valued at USD 2.3 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 43.4% from 2021 to 2032. This market will reach at $ 4.3 billion by 2032, Web real-time communication (WebRTC) enables real-time communication over browser and mobile applications with the help of simple Application Programming Interfaces (APIs). Embedding RTC into web applications delivers a better user experience and reduces costs, as the need for installing additional plugins is eliminated. Thus, the webification of RTC is anticipated to be a major driver for the overall market growth. The outbreak of the COVID-19 pandemic has led to the cancellation of numerous corporate events, trade shows, international seminars, and investor presentations. As a result, hosts of these events have opted for video conferencing for communicating these events.

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Component Insights
The solutions segment held the highest market share of 72.24% in 2019 and will expand further at a steady CAGR from 2020 to 2027. The large share is attributed to the increasing demand for advanced APIs to embed real-time communication in browsers. The solutions segment is further divided into video calling & conference, voice call & conference, message & file sharing, and others. The video calling & conference is expected to grow at the fastest CAGR over the forecast period as market players are focusing on developing high-quality video conferencing solutions to cater to the rising demand.

Enabled Device Insights
The smartphones & tablets segment accounted for the highest market share of 73.57% in 2019 and will retain the dominant position throughout the forecast years. Increasing penetration of smartphones is a major factor contributing to the large revenue share. The use of mobile applications powered by WebRTC is expected to upkeep the segment growth over the forecast period. Facebook Inc. and Google LLC have already launched their mobile applications, such as Messenger and Hangouts, which operate on WebRTC. Moreover, android O.S. has built-in support for WebRTC via Chrome, which is widely used in most of the smartphones. Thus, the rising penetration of smartphones is directly proportional to the overall segment growth.

The PCs segment is estimated to register a significant CAGR from 2020 to 2027. Numerous desktop, laptops, and other computing devices already support real-time communication through WebRTC browsers, such as Google Chrome, Mozilla Firefox, Opera, and Safari. In addition, the demand for video conferencing solutions across various industry verticals, such as IT & telecom, retail, and BFSI, is rising with PCs being preferred for online business communication. Video conferencing eliminates travel time and related costs, owing to which companies can make faster business decisions.

End-use Industry Insights
The IT & telecom segment held the largest market share of 32.19% in 2019. The internet and application ecosystem has already led to the disruption in the telecom industry. With Voice over Internet Protocol (VoIP) and social networks gaining traction for customers worldwide, real-time communication over the internet has become essential. Telecom companies are reviewing their traditional communication services and developing new solutions that meet the current communication trends.

Regional Insights
North America held the largest market share of 41.13% in 2019 and will maintain its dominant position even during the forecast years. This is attributed to the presence of major market players, such as Cisco Systems, Inc., Oracle Corporation, Ribbon Communications Operating Company, Inc., and Avaya Inc. The increasing demand for virtual meetings coupled with high-speed internet connectivity is a major driver for the market growth in this region. Furthermore, companies in this region are early adopters of emerging technologies, which will also support market growth.

Asia Pacific is expected to be the fastest-growing regional market from 2020 to 2027. This is due to the increasing number of internet users in developing countries, such as India and China. According to the World Bank, in 2017, 34.45% of India's population had access to the internet as compared to 22% in 2016. Moreover, digitalization in the region is anticipated to generate a huge potential for market growth over the forecast period.

Key Companies & Market Share Insights
Market players are focusing on launching new products to enhance their product portfolio and increase their market share. For instance, in March 2020, Ribbon Communications Operating Company, Inc. announced the launch of its cloud-based "Work@Home" offerings to deliver advanced remote working capabilities for enterprises. The offerings include complete Unified Communications and Collaboration solution with Ribbon's smart office that provides HD video whiteboard, screen sharing, conferencing, and group chat on both desktop and mobile.

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5) Is it possible to limit/customize scope of study to applications of our interest?
Yes, general version of study is broad, however if you have limited application in your scope & target, then study can also be customize to only those application. As of now it covers applications Aeronautics, Airports & Others.

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North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, NORDICs, BALTIC Countries, Russia, Austria and Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam etc) & Rest
• Oceania: Australia & New Zealand
Basic Segmentation Details
Web Real-Time Communication Product Types In-Depth: Consulting Services, Implementation and Integration Services, Others.

Web Real-Time Communication Major Applications/End users: IT and Telecom, Media and Entertainment, BFSI, Retail and Consumer Goods, Public Sector and Education, Healthcare, Transportation and Logistics, Others

Geographical Analysis: North America, US, Canada, Mexico, Europe, Germany, France, U.K., Italy, Russia, Nordic Countries, Benelux, Rest of Europe, Asia, China, Japan, South Korea, Southeast Asia, India, Rest of Asia, South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Turkey, Israel, Saudi Arabia, UAE & Rest of Middle East & Africa & Rest of World

For deep analysis of Web Real-Time Communication Market Size, Competition Analysis is provided which includes Revenue (M USD) by Players (2022-2028) & Market Share (%) by Players (2022-2028) complimented with concentration rate.

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Actual Numbers & In-Depth Analysis of Web Real-Time Communication Market Size Estimation and Trends Available in Full Version of the Report.

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