Web Real-Time Communication (WebRTC) Market at a Highest CAGR of 35.5% with Top Players | Cisco System Inc, Google, Oracle Corporation, Oxagile, Plivo Inc and Others

Web Real-Time Communication (WebRTC) Market report provides a basic overview of the market including definitions, classifications, applications and industry chain structure. The Web Real-Time Communication Market analysis is provided for the international market including development history, competitive landscape analysis, and major regions' development status.

The web real-time communication market has grown significantly recently, some important factors driving its expansion. As more people uses smartphones and mobile devices, there's a growing demand for real-time communication features on mobile platforms. WebRTC is a popular choice for mobile app developers because it allows reliable communication without needing extra plugins or apps. In healthcare, WebRTC is changing telemedicine by enabling video consultations, remote medical advice, and secure sharing of diagnostic data. Gamers also love using WebRTC for in-game voice chats and streaming. It's even being used to make interactive live streaming platforms and social apps, making it a favorite in the entertainment world too.

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The Global Web Real-Time Communication (WebRTC) Market in terms of revenue is estimated to be worth USD 8.35 billion in 2024 and is poised to grow at a CAGR of 35.5% to Forecast 2031

Small and medium-sized businesses (SMBs) often struggle with finding cost-effective communication services that maintain high quality and minimize delays. This is why many SMBs are turning to WebRTC-enabled applications and solutions. These solutions are easy to deploy for real-time communication services at a low cost, without the need for expensive proprietary software typically used by larger organizations. WebRTC simplifies the transition from traditional communication methods to more user-friendly and modern business communication tools for SMBs. It also helps them attract new customers and partners through features like data centers and 'click-to-call' services.

Several market players offer communication and collaboration solutions tailored to the needs of SMBs. For example, Polycom, a major player in the market, provides various WebRTC solutions designed specifically for SMBs, including video conferencing and voice solutions. As a result, the affordability and improved security of internal and external data transfer provided by WebRTC solutions are fueling their growing popularity among SMBs.

Top Key Competitors of Web Real-Time Communication (WebRTC) Market:

Agora Lab, Inc,
Avaya Inc,
Cafex,
Cisco System, Inc,
Dialogic Corporation,
Enghouse Systems Limited,
Google,
Oracle Corporation,
Oxagile,
Plivo Inc and Others.

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Furthermore, the years considered for the study are as follows:

Historical year - 2018-2023
Base year - 2023
Forecast period** - 2024 to 2031 [** unless otherwise stated]

Web Real-Time Communication (WebRTC) Market Dynamics:

By Product Type

Solution
Services

By Service

Consulting Services
Implementation & Integration Services
Others

By Deployment type

Cloud
On-premise

Regional Analysis:

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Table of Contents:

1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Web Real-Time Communication, by Technology
7 Web Real-Time Communication, by Vertical
8 Web Real-Time Communication, by Offering
9 Web Real-Time Communication, by Source
10 Web Real-Time Communication, by Region
11 Competitive Landscape
12 Company Profiles

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Reason to Purchase the Insightful of Web Real-Time Communication:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Web Real-Time Communication
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Web Real-Time Communication, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global Web Real-Time Communication trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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