Web Real Time Communication (RTC) Market Research Report 2018-2025: Focus on Industry Analysis, Geographic Region, Deployment Mode & Consulting, Software And Services - Research and Markets

The global WebRTC market is segmented based on component, industry vertical, and geography. Based on component, it is bifurcated into solution and services. Solution segment is further analyzed across four sub-segments including voice calling & conferencing, video calling and conferencing, messages & file sharing, and others (social networking and gaming). Based on industry vertical, the WebRTC market is divided into banking, financial services, and insurance (BFSI), retail, IT & telecom, public sector, media & entertainment, manufacturing, healthcare, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Global WebRTC Market size was valued at $855 million in 2018, and is expected to reach $12,487 million by 2025, growing at a CAGR of 50.7% from 2018 to 2025 . WebRTC or Web Real-Time Communication is an assortment of application programming interface (API) and communication protocols that allows real-time peer-to-peer connection through web browser without any need of additional plugins such as Flash or JavaScript. This technology enables easy and cost-effective communication in terms of voice, video, and other data. This technology is in its growth stage, hence, requires extra efforts to create awareness among the various end users. The technology enables video chat, video conferencing, audio call, audio conferencing, text chats, file sharing, gaming, and social networking. WebRTC offers real-time communication at low costs with high performance.

The WebRTC market is analyzed based on solutions and services offered by the market players from various industry verticals. Advancements in communication technology through web, increase in ICT expenditure, exponential growth in population, high-speed connectivity, and large youth population active on smartphones drive the market growth. Furthermore, cost-effective benefits of the WebRTC technology, rapid proliferation of Bring Your Own Device (BYOD) in enterprises, and growth potential in untapped markets such as Africa & Asia are expected to offer significant growth opportunities for WebRTC market. However, lack of substantial universal standards, rise in security & privacy concerns, and already established markets for Voice Over IP (VoIP) and traditional telecommunication services are expected to negatively impact the growth of WebRTC market.

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The key players operating in the global WebRTC industry include Avaya Inc., Cisco Systems, Inc., Polycom, Oracle Corporation, Tokbox Inc., AT&T Inc., Genband, Plivo, Twilio, Quobis, and Apidaze. These players have expanded their market presence by adopting various business strategies such as acquisition, geographical expansion, product development, strategic alliances, and collaborations

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Report highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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