Uploaded on Jul 23, 2020
The global Web Real-Time Communication (WebRTC) market size was valued at USD 2,179.2 million in 2019 and is anticipated to grow at a CAGR of 32% during the forecast period.
WebRTC Market - PPT
Web Real-Time Communication
(WebRTC) Market
Set to Exceed $16,570.5 Million By 2026 | CAGR 32%
“Web Real-Time Communication (WebRTC) Market Share,
Size, Trends, Industry Analysis Report, By Platform (Mobile
Applications, Web Browser, Others); By Product (Solution
[Video Conferencing, Voice Calling, Collaboration, Others],
Services [Consulting, Implementation, Others]); By End-
User (BFSI, Healthcare, Manufacturing, IT and Telecom,
Retail, Transportation, Others); By Regions; Segment
Forecast, 2020 – 2026”
WebRTC Market Estimate & Forecast to 2026
The global Web Real-Time Communication market size is expected to reach USD 16,570.5
million by 2026 according to a new study by Polaris Market Research.
The WebRTC market is projected to witness a significant growth over the forecast period.
WebRTC provides a platform for real-time voice or video communications with other WebRTC
devices. WebRTC is an open-source API offering high quality voice and video communication,
while improving security against external attacks. It is adaptable to diverse network
conditions and supports multiple media types and endpoints. There has been a massive
increase in need for secure and affordable communication solutions by organizations owing
to increased adoption of mobile devices, BYOD, IoT, and social media.
There has been an increasing integration of WebRTC solutions within dedicated desktop and
mobile apps for provision of effective and secure voice, video, and data sharing support.
Adoption of WebRTC offers an improved voice and video experience while significantly
reducing bandwidth and network resources. It also offers improved support for mobile apps
on smartphones and tablets. It offers off-the-shelf solutions for integration into other
software. Organizations across the world are adopting WebRTC solutions for enhancing their
external and in-house communication software for effective real-time video conferencing
and support.
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.
WebRTC Market Scope
By Platform By Product By End-User By Region
•Mobile •Solution •BFSI •North America (U.S.,
•Web • Video •Healthcare Canada)
•Others Conferencin •Manufacturing •Europe (Germany,
g •IT and Telecom UK, France, Italy,
• Voice Calling •Retail Spain, RoE)
• Collaboratio •Transportation •Asia Pacific (China,
n •Others India, Japan, South
•Others Korea, RoAPAC)
• Services •Latin America
• Consulting (Brazil, Mexico,
• Implementat Colombia, RoLATAM)
ion •MEA (Saudi Arabia,
• Others South Africa, Israel,
UAE, RoMEA)
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WebRTC Market Estimate & Forecast to 2026
The end-users of Web Real-Time Communication include BFSI, healthcare, manufacturing, IT
and telecom, retail, transportation, and others. The IT and Telecom segment accounted for
the highest share in 2019. However, the healthcare segment is expected to grow at the
highest rate during the forecast period. In April 2018, TokBox, was selected by InTouch
Health to provide WebRTC solutions to enhance its platform and deliver improved remote
clinical care to patients. InTouch Health is a telehealth and telecommunications network
offering virtual healthcare services to patients. The solution offered by TokBox implements
AES encryption for protection of critical patient data.
North America dominated the global WebRTC market in 2019 and is expected to maintain its
dominance over the forecast period. Rising applications in industries such as retail,
healthcare, transportation, and manufacturing in the North American region is a significant
driver for market growth. Rise in investment by small and medium sized businesses, along
with technological advancement in telecommunication industry, is expected to drive the
WebRTC market growth during the forecast period. The growing adoption of IoT, BYOD, and
smart cities is expected to raise the market investment during the forecast period.
Some of the major market participants include Cisco Systems, Inc., Oracle Corporation,
AT&T Inc., Polycom, Inc., Google Inc., Avaya, Inc, Genband Inc., Cafex
Communications, Inc., Plivo, Inc., Tokbox Inc., Mitel Networks, Alcatel-Lucent,
International Business MCopayricghht ©i Pnolaeriss M arCketo Rerspearochr &a Cotnisuoltinng ,LL P a20n18.d Al l RDightisa Relsoervgedic Corporation among 4
others.
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WebRTC Market Size
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About Us
Polaris Market Research is a global market research and consulting company. The company
specializes in providing exceptional market intelligence and in-depth business research services
for our clientele spread across different enterprises. We at Polaris are obliged to e present across
the industries of healthcare, technology, semi-conductors and chemicals among various other
industries present around the world.
We strive to provide our customers with updated information on innovative technologies, high
growth markets, emerging business environments and latest business-centric applications,
thereby helping them always to make informed decisions and leverage new opportunities. Adept
with a highly competent, experienced and extremely qualified team of experts comprising SMEs,
analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our
customers.
Web: www.polarismarketresearch.com
Official Blog: http://polarismarketresearch.blogspot.com/
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