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Web Real Time Communication Market: Trends and Opportunities with Forecast 2023

03-26-2018 08:06 AM CET | IT, New Media & Software

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Web Real Time Communication Market: Trends and Opportunities

Web Real Time Communication (Web RTC) is an open source application programming interface (API) originated by World Wide Web Consortium (W3C). Web RTC enables end-users with voice calling, video chat and peer to peer file sharing between browsers without the support of any external plugin. World Wide Web Consortium is the international standard organization for the development of standards world wide web.

Web RTC provides time efficient, easily accessible and encrypted commercial telephony system. Web RTC is an open source API, hence could be easily accessed by the application developers. This has led to heavy adoption of web RTC in developing communication solutions at a lower cost compared to traditional systems. Web RTC does not depend on platform and device on which it is integrated, thus would attract global customers.

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Furthermore, web RTC provides better video and audio quality at a lower cost with enhanced security level compared to other telecommunication systems, thus could drive the growth of global web RTC market. Web RTC adapts and adjusts itself according to the changing network conditions. It adjusts according to bandwidth availability and avoids network congestion, thus increases efficiency of the network. The organizations enabled with web RTC technology products could improve customer interaction, promotional activities and increase their sales in a cost-effective way.

The growth in customer facing industries such as retail, healthcare and hospitality would further boost the growth of web RTC market. However, web RTC is still an emerging technology, therefore has various challenges such as privacy issues with use of public internet and data security. These issues are expected to restrain the growth of global web RTC market. With big players such as Apple Inc. and Microsoft Corporation not supporting web RTC technology, the market is expected to face a hurdle in its growth.

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Web Real Time Communication Market: Segmentation

Web RTC market is broadly segmented on the basis of type, solution and geography. On the basis of type, the web RTC market can be segmented into software and services whereas, on the basis of solution it can be segmented as video calling solutions, voice solutions, messaging solutions and file sharing solutions. The software segment of the market provides software which have web RTC functionality whereas service segment provides the technology and API to integrate web RTC in their existing websites.

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Moreover, in terms of geographies, the global Web RTC market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America regions. Web RTC technology show its strong presence in North America as technological advancements and heavy investments are made by the players of this region. Asia–Pacific and Europe are also adopting web RTC significantly due to tremendous growth seen in usage of web based applications.

Web Real Time Communication Market: Key Players

The major participants in the web RTC market include companies such as Google Incorporation, Mozilla Corporation, Cisco Systems Inc., Opera Software ASA, TokBox, Twilio, Alcatel-Lucent S.A., Voxeo Corporation, American Telephone & Telegraph Corporation and Avaya Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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