The WebRTC market is expected to increase significantly throughout the forecast period. WebRTC is a platform that allows for real-time voice or video conversations with other WebRTC devices. WebRTC is an open-source API that allows for high-quality voice and video communication while also boosting security against external assaults. It is adaptive to a wide range of network situations and supports a wide range of media types and endpoints. Because of the rising usage of mobile devices, BYOD, IoT, and social media, there has been a tremendous surge in the need for safe and economical communication solutions by organisations.
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WebRTC solutions are increasingly being integrated into dedicated desktop and mobile apps to provide effective and secure phone, video, and data sharing functionality. Adoption of WebRTC provides a better speech and video experience while consuming much less bandwidth and network resources. It also provides enhanced support for mobile apps on smartphones and tablets. It provides off-the-shelf integration options for other software. WebRTC solutions are being adopted by organisations all over the world to improve their external and internal communication software for effective real-time video conferencing and support.
|Historic Years||2016 – 2020|
|Forecast Years||2021 – 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
Web Real-Time Communication’s end users include BFSI, healthcare, manufacturing, IT and telecom, retail, transportation, and others. In 2019, the IT and Telecom segment held the largest proportion. The healthcare sector, on the other hand, is predicted to develop at the fastest rate during the forecast period. InTouch Health chose TokBox in April 2018 to provide WebRTC solutions to expand its platform and give better remote clinical care to patients. InTouch Health is a telehealth and telecommunications network that provides patients with virtual healthcare services. TokBox’s solution employs AES encryption to safeguard sensitive patient information.
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Zion Market Research has divided the Web Real-Time Communication market study has been categorised into Platform, Product, End-User, and Region by Polaris Market Research.
Web Real-Time Communication Platform Outlook (Revenue, USD Million, 2015 – 2026)
Web Real-Time Communication Product Outlook (Revenue, USD Million, 2015 – 2026)
Web Real-Time Communication End-User Outlook (Revenue, USD Million, 2015 – 2026)
IT and Telecom
The Web Real-Time Communication market is dominated by well-established enterprises and large conglomerates. Companies are partnering to retain customers and increase market share as a result of technical improvements and the growing need to improve secure communication. Another obvious development in the sector is the expansion of product portfolios. 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 Machines Corporation, and Dialogic Corporation are among the major market participants.