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Emerging Trends to Drive Web Real-Time Communication Market Growth at 46.5% CAGR Through 2029
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.Web Real-Time Communication Market Size Growth Forecast: What to Expect by 2025?
The size of the web real-time communication market has seen a massive surge in recent years. The market will expand from $12.3 billion in 2024 to $17.71 billion in 2025, with a compound annual growth rate (CAGR) of 44.0%. The historic growth can be credited to the wide adoption of web-based applications, the emergence of remote collaboration, smooth and user-friendly interfaces, open-source standards, and integration with mobile technology.
How Will the Web Real-Time Communication Market Size Evolve and Grow by 2029?
In the upcoming years, the market size for web real-time communication is predicted to experience phenomenal growth, scaling up to $81.65 billion by 2029 with a compound annual growth rate (CAGR) of 46.5%. Factors contributing to this growth over the projected period include the integration of unified communications, the proliferation of internet of things (IoT) applications, enhanced security protocols, the assimilation of augmented and virtual reality (AR/VR), and the rollout of 5G networks. Additionally, the surge in remote work and virtual collaboration, a mobile-first strategy, convergence with web browsers, the advent of progressive web apps (PWAs), and improvements in security and privacy are notable trends expected within this timeframe.
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What Drivers Are Propelling the Growth of Web Real-Time Communication Market Forward?
The surge in BYOD adoption is fuelling expansion in the web real-time communication market. BYOD refers to the practice where employees use their personal devices, including smartphones, tablets, computers, laptops, amongst others, to connect to the company's network and access required resources for task completion. The connection between browsers, enabling BYOD, is facilitated by web real-time communication without the need for additional plugins/utilities. As stated by Cisco, an IT and networking firm, 89% of IT departments permit BYOD in some form, and 69% of IT heads have a favorable opinion about BYOD. Consequently, the escalating incorporation of BYOD policies in organizations is catalyzing the growth of the web real-time communication market.
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Which Emerging Trends Are Transforming the Web Real-Time Communication Market in 2025?
Leading firms in the web real-time communication market are growing their customer reach, sales, and revenue by introducing innovative products such as unified communications solutions (UC). A UC is an all-encompassing system that amalgamates various communication and collaborative technologies into a single, unified platform. For example, in June 2022, US Telecommunications company, Lumen Technologies, unveiled Lumen Solutions for Microsoft Teams. What sets Lumen Solutions apart is its managed, unified communications system that leverages the Lumen platform's strength to heighten worker efficiency, augment business flexibility, and lift customer support to new levels. Lumen Solutions for Microsoft Teams allows businesses to flawlessly adopt 'work from anywhere' practices, with Lumen taking over the complex task of managing essential remote work calling and collaboration tools. Moreover, by combining Microsoft Teams' calling and collaboration tools with Lumen's expertise in delivering a managed user experience complete with impactful reporting and analytics, Lumen Solutions for Microsoft Teams presents a unique advantage to businesses.
What Are the Key Segments in the Web Real-Time Communication Market?
The web real-time communication market covered in this report is segmented -
1) By Component: Solution, Service
2) By Web RTC-Enabled Devices: Mobile, Desktop, Tablet, Other Web RTC-Enabled Devices
3) By Deployment Type: Cloud, On-Premise
4) By Enterprise Size: Small And Medium Scale Enterprises (SMEs), Large Enterprises
Subsegments:
1) By Solution: WebRTC Software Development Kits (SDKs), Communication APIs, Browsers And Plugins
2) By Service: Consulting Services, Integration Services, Support And Maintenance Services
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Who Are the Key Players Shaping the Web Real-Time Communication Market's Competitive Landscape?
Major companies operating in the web real-time communication market include Avaya Inc., CafeX Communications Inc., Cisco Systems Inc., Dialogic Corporation, Google LLC, Alcatel-Lucent Enterprise International, AT&T Inc., Apidaze, Oracle Corporation, Plivo Inc., Quobis, Poly Inc., Ribbon Communications Operating Company Inc., Sangoma Technologies Corporation, Twilio Inc., Vonage Holdings Corp., WebRTC. ventures, Frozen Mountain Software, Agora. io, TokBox Inc., Temasys Communications Pte Ltd., Sinch AB, Pexip AS, QuickBlox, Skylink Technologies LLC, Xirsys Inc., SightCall, Peer5 Inc., Wowza Media Systems LLC, Jitsi
What Geographic Markets Are Powering Growth in the Web Real-Time Communication Market?
North America was the largest region in the web real-time communication market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the web real-time communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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