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The global web real-time communication market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 38% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Web Real-Time Communication Market Trends:
With the digital transformation in financial services, mobile banking and insurance apps are gaining immense traction for faster communication via messaging. This represents one of the major factors bolstering the market growth as WebRTC allows rapid money movement and quick process claiming and improves overall customer experience. Moreover, it eliminates the need for installing third-party desktop communication software. Consequently, it is finding applications in the retail sector across the globe to provide powerful multimedia capabilities without requiring special drivers, plug-ins, and intermediary servers. Furthermore, the rising use of connected devices, such as smartphones, tablets, personal computers (PCs), remote sensors, and routers, is propelling the demand for WebRTC for car-sharing services and airline apps. Businesses around the world are also adopting WebRTC for task coordination, employee scheduling, work news, and other core functions. Besides this, the aging population, improving telecommunications, and the increasing need for healthcare facilities are some of the factors catalyzing the adoption of customized WebRTC-based video conferencing services for telehealth. This, in confluence with the surging coronavirus disease (COVID-19) cases, is escalating the need for telehealth services for remote management of patients and contributing to the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global web real-time communication market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on component, webRTC-enabled devices and vertical.
Breakup by Component:
Breakup by WebRTC-Enabled Devices:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AT&T Inc., Avaya Inc., Cisco Systems Inc., Dialogic Corporation (Enghouse Systems Limited), Oracle Corporation, Plivo Inc., Polycom Inc. (Plantronics Inc.), Quobis, Ribbon Communications Operating Company Inc., Sangoma Technologies Corporation, Twilio Inc. and Vonage Holdings Corp.
|Base Year of the Analysis||2020|
|Segment Coverage||Component, WebRTC-Enabled Devices, Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||AT&T Inc., Avaya Inc., Cisco Systems Inc., Dialogic Corporation (Enghouse Systems Limited), Oracle Corporation, Plivo Inc., Polycom Inc. (Plantronics Inc.), Quobis, Ribbon Communications Operating Company Inc., Sangoma Technologies Corporation, Twilio Inc. and Vonage Holdings Corp.|
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Key Questions Answered in This Report:
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