Global Web-based Real-time Communication Market 2016-2020
Outlook of the global web-based real-time communication market
Technavio’s market research analyst predicts the global web-based real-time communication market to grow profoundly at a CAGR of around 36% during the forecast period. The increasing demand for real-time communication from consumers and business enterprises globally is the primary growth driver for this market. WebRTC enables real-time communication, including audio, video, and texts, between users using web browsers without installing any special applications or browser plugins. In the business enterprises sector, the ability of WebRTC to facilitate travel cost reduction and to foster productivity among employees will lead to its augmented adoption during the predicted period.
In this market study, analysts have estimated eminent factors, such as recent technological advancements and the cost-competitive nature of WebRTC, to foster market growth during the forecast period. Since WebRTC is an open source technology, it enables web-based real-time communication that is easy and less expensive to implement. Consequently, users have to pay only for pre-built libraries and cloud-based services, which is very low when compared to other alternatives.
Segmentation by type and analysis of the web-based real-time communication market
In this segmentation analysis, analysts have estimated the software segment to account for around 56% of the total market share during the forecast period. Factors such as the growing enterprise mobility and the augmented utilization of smartphones will impel the adoption of WebRTC technology during the predicted period.
Geographical segmentation of the web-based real-time communication market
In 2015, the Americas accounted for about 47% of the total market share and is envisaged to retain its hold over the market until the end of 2020. The growing number of social network users in the Americas and their rising need for real-time communication are the primary factors fueling market growth in this region.
Competitive landscape and key vendors
The global web-based real-time communication market is fragmented due to the presence of numerous large and small players. In this market, the major players have introduced various advanced developer tools for the enhancement of WebRTC APIs as it enables the easy development of real-time multimedia web apps. They are also focusing on strengthening their position in the market by acquiring or partnering with other smaller players.
Leading vendors in the market are -
Other prominent vendors in the market include AddLive, Alcatel-Lucent, Apple, AT&T, Avaya, Bistri, CafeX, Dialogic, Genband, Huawei Technologies, IBM, Microsoft, Mitel Networks, Net Medical Xpress Solutions, Opera, Oracle, Plivo, Priologic Software, PubNub, Quobis, Siemens, Temasys, TokBox, Twilio, and Zingaya.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global web-based real-time communication market?
- What are the key market trends impacting the growth of the web-based real-time communication market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global web-based real-time communication market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the web-based real-time communication market?
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