Web Real Time Communication Market by Platform, Application, and Geography - Forecast and Analysis 2020-2024
- Published: Jun 2020
- Pages: 120
- SKU: IRTNTR43933
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The web real time communication market size has the potential to grow by USD 16.01 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This web real time communication market research report provides a detailed analysis of the market by platform (browser, mobile, and UC), application (video, voice, and data sharing), and geography (North America, Europe, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Alphabet Inc., Apple Inc., AT&T Inc., Avaya Holdings Corp., Cisco Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp.
Statistical Analysis of Web Real Time Communication Market
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Market Competitive Analysis
The market is fragmented. Alphabet Inc., Apple Inc., and AT&T Inc. are some of the major market participants. The vendors are focusing on improving customer satisfaction and are offering WebRTC in real-time communication services platforms. Although the convenience provided by plugin-free real-time communication systems will provide immense growth opportunities, the lack of high-end video conferencing features will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this web real time communication market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this report also includes information on the upcoming web real time communication market trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This web real time communication market analysis report provides information on the production, sustainability, and prospects of several leading companies, including:
- Alphabet Inc.
- Apple Inc.
- AT&T Inc.
- Avaya Holdings Corp.
- Cisco Systems, Inc.
- Dialogic Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Ribbon Communications Inc.
- Vonage Holdings Corp.
Web Real Time Communication Market: Segmentation by Geography
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North America was the largest web real time communication market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The availability of high bandwidth Internet and the rising demand for video and voice conferencing for personal and business operations will significantly drive web real time communication market growth in this region over the forecast period.
36% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for web real time communication solutions in North America. Market growth in this region will be slower than the growth of the market in other regions.
Web Real Time Communication Market: Segmentation by Platform
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A few of the browsers that support WebRTC technology are Chrome, Firefox, and Opera. An increasing number of businesses prefer live video sessions for customers browsing the website for product assistance. The outbreak of COVID-19 resulted in the temporary closure of several IT companies and their services, which led to a decline in their revenues. However, IT employees are increasingly using Microsoft Teams.
Owing to the coronavirus pandemic, Microsoft Teams recorded an increase from 44 million to 75 million daily users, which highlighted peak usage. The web real time communication market share growth by the browser segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the web real time communication market segmentation.
Web Real Time Communication Market Dynamics
The convenience offered by the plugin-free real-time communication systems is one of the major factors driving the growth of the web real time communication market size. WebRTC provides high-quality real-time communication capabilities to browsers and mobile applications through simple application programming interfaces (APIs) by using peer-to-peer communication. This enables plugin-free communication over the browser, and the browser-based-webRTC does not require Adobe Flash to provide the services.
Workspaces globally are encouraging employees to bring their devices. The evolution of new technologies provides a high-quality experience to the end-user. WebRTC solutions provide professional standards of interactions and workflow. WebRTC boosts the efficiency and aids live streaming across smartphones of numerous configurations just by adjusting the frame rate and resolution supplied by the devices. This use of WebRTC to support BYOD is one of the critical web real time communication market trends that will drive the market growth during the forecast period. As a result of such factors, the webRTC market will register a CAGR of almost 46% by 2024.
Key Highlights of the Web Real Time Communication Market Report for 2020-2024
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive web real time communication market growth during the next five years
- Precise estimation of the web real time communication market size and its contribution to the parent market
- Web real time communication market facts & figures and accurate predictions on upcoming trends and changes in consumer behaviour
- Estimation of potential opportunity for watch market platform, application, and geography
- Identification of key countries across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of web real time communication market vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing Internet penetration
- Increasing adoption of Platform as a Service (PaaS)
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