Global Web Real-time Communication Solution Market is Boosting Due to Increasing Number of Internet and Social Networking Users and Growing Adoption of Mobile Devices
It follows the principle of encryption of both data and signaling, which allows secure communication between sender and receiver. Web real-time communication solution is easy to use and does not require any special specification and helps in reducing business cost, which in turn is increasing its popularity globally.
The global WebRTC solution market is anticipated to expand at a significant CAGR during the forecast period. Growth of the global WebRTC solution market is mainly driven by rising demand for real-time communication, increasing number of Internet and social networking users, growing focus on enhancing customer experience and widening application areas of these solutions.
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The major trends witnessed in the global WebRTC solution market are introduction of advanced WebRTC platforms and services, WebRTC convergence and emergence of Bring Your Own Device.
The global WebRTC solution market has been segmented, based on type, into solution and service. Of these segments, the solution segment dominated the market with 54.1% share in 2014, wherein it was valued at US$ 225.7 Mn.
Service segment includes the consulting service, implementation service, integration and maintenance service sub-segments. Among these sub-segments, the implementation service sub-segment dominated the service segment with 42.5% share in 2014, followed by the integration sub-segment.
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The global WebRTC solution market includes seven major regions – North America, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa (MEA). Of all these regions, North America dominated the global market with over 35% share in 2014, followed by Western Europe.
Some of the key players identified in the global WebRTC solution market are Avaya Inc., Google Inc., Cisco Systems, Inc., IBM Corporation, Huawei Technologies Co., Ltd., Ericsson AB, TokBox Inc., Mitel Networks Corporation, AT&T Inc., Plivo Inc. and Twilio, Inc.
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