Web Real-Time Communication Market Key Manufacturers Development Trends and Competitive Analysis 2028

The "Web Real-Time Communication Market" size is expected to reach US$ 39.78 billion by 2028; it is estimated to grow at a CAGR of 21.6% between 2022 and 2028.

Web real-time communication solutions provide applications and tools that enable direct communication between end users using a web browser. It is based on an open-source project, which is offered free of cost, and enables real-time communication (RTC) to web browsers and mobile applications through application programming interfaces (APIs). Web real-time communication facilitates real-time communication using various multimedia file forms such as video, audio, and text. It provides users with secure, easy-to-use, economical, and uninterrupted communication services, ultimately improving productivity.

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Companies Profiled in this report includes:

• Oracle Corporation
• Cisco Systems. Inc.
• Avaya Inc.
• Polycom
• AT&T Inc.
• Tokbox Inc.
• Twilio
• Apidaze
• Quobis
• Genband

MARKET DYNAMICS

Increasing demand for web and mobile applications by organizations for business processes, rising number of APIs offered by vendors, and growing penetration of smartphones across various industries are the major factors expected to drive the web real-time communication market. Additionally, an increase in demand for robust and secure communication systems and high requirements for web real-time communication solutions from small and mid-size businesses are driving the web real-time communication market.

MARKET SCOPE

The "Global Web Real-Time Communication Market Analysis to 2028" is a specialized and in-depth study of the market with a special focus on the global market trend analysis. The report aims to provide an overview of the market with detailed market segmentation by component, device type, organization size, and industry vertical. The global market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the web real-time communication market.

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Web Real-Time Communication Market Segmentation:

The global web real-time communication market is segmented based on component, device type, organization size, and industry vertical. Based on component, the market is bifurcated into solutions and services. The solutions segment is further divided into messaging & file sharing, voice calling & conferencing, and others. The services segment is again segmented into implementation & integration services, consulting services, and other services. In terms of device type, the market is segmented into desktop, mobile, laptop, and others. Further, based on organization size, the market is bifurcated into SMEs and large enterprises. Moreover, based on industry vertical, the market is segmented into BFSI, IT & telecom, media & entertainment, manufacturing, retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed industry overview, including qualitative and quantitative information. It provides overview and forecast of the global web real-time communication market based on various segments. It also provides market size and forecast estimates from 2019 to 2028 with respect to five major regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. Each region's web real-time communication market is later sub segmented into respective countries and segments. The report covers analysis and forecast of 18 countries globally, along with current trends and opportunities prevailing in the region.

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