Web Real-Time Communication Market to Value $ 39.78Bn at 21+% CAGR by 2028; Latest Report by The Insight Partners

The Insight Partners announces the release of the report “Web Real-Time Communication Market Size, Share, Growth, & Industry Trends Analysis Report By 2028”.

NEW YORK, UNITED STATES, November 24, 2022 /EINPresswire.com/ -- The Web Real-Time Communication Market was valued at US$ 8.84 billion in 2021; registering at a CAGR of 21.6% between 2022 and 2028, according to a new research study conducted by The Insight Partners. This report considers important aspects of the market that consist of historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the Web Real-Time Communication industry. This report also provides a detailed overview of market dynamics, segmentation, product portfolio, business plans and latest development in the industry.

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Strategic Insights

Report Coverage - Details

Market Size Value in US$ 8.84 billion in 2021

Market Size Value by US$ 39.78 billion by 2028

Growth rate: CAGR of 21.6% from 2022 to 2028

Forecast Period;2022-2028

Base Year; 2021

Web real-time communication is an open-source project offered free of cost for providing real-time communication (RTC) to web browsers and mobile applications. The same is provided through application programming interfaces (APIs). Web real-time communication eliminates the requirement for installing plugins or downloading native applications, as it allows for direct peer-to-peer communication by enabling audio and video communications directly on web pages. Web real-time communication specifications have been published by the World Wide Web Consortium (W3C) and the Internet Engineering Task Force (IETF) and supported by industry heavyweights such as Apple, Microsoft, and Alphabet (Google). Components of web real-time communication include several JavaScript APIs, which enable the acquisition of audio and video media through a device’s camera and microphone and bidirectional audio and video communication between peers.

Web real-time communication offers efficient real-time communication facilities to end users with high degree of ease and low implementation cost; therefore, there is an increase in its adoption among all industry verticals, especially in small and mid-sized enterprises. The increasing mobility trend is pushing the innovation envelope of web real-time communication, and the solution providers are coming up with new and innovative solutions developed for mobile platforms, web browsers, and Internet of Things (IoT) devices. Such factors and advantages collectively have been driving the web real-time communication market. Similar trends are expected o be witnessed throughout the forecast period as well.

Global Web Real-Time Communication Market Report covers the manufacturer’s data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data. Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.

List of the Top Key Players of Web Real-Time Communication Market:

Oracle Corporation
Cisco Systems, Inc.
Avaya Inc.
Plantronics, Inc.
AT&T Inc.
Vonage America, LLC
Ribbon Communications Operating Company, Inc.
Twilio, Inc.
VoIPStreet, Inc.
……

Scope of Web Real-Time Communication Market Report

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The Web Real-Time Communication market report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

The solutions segment is anticipated to dominate the web real-time communication market, followed by the services segment. The solutions segment is further segmented into messaging & file sharing, voice calling & conferencing, and others. The rise in the adoption of work-from-home (WFH) and work-from-anywhere (WFA) has been fueling the growth of the solutions segment. The services segment is further segmented into implementation & integration services, consulting services, and others. This segment is expected to grow at a faster pace.

In terms of device type, the mobile segment is anticipated to be the fastest-growing segment of the web real-time communication market. It is also the largest segment and is expected to hold its position till 2028. The pandemic boosted the adoption of new trends, including bring-your-own-device (BYOD) and WFA, thereby boosting the usage of mobile devices for communication. Such factors have been fueling the demand for this segment, boosting the growth of the web real-time communication market.

Large enterprises are primarily employing web real-time communication solutions and services to attain better agility and continue growth. However, SMEs are expected to register a faster growth rate in the web real-time communication market during the forecast period.

Based on industry vertical, the IT & telecommunication segment is expected to register the largest revenue share in the web real-time communication market during the forecast period. Retail and BFSI segments are also expected to garner high revenue share and growth rates during the forecast period.

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North America holds a major share of the global web real-time communication market. High technology adoption trends among various industry verticals and businesses in North America have fueled the growth of the web real-time communication market. Asia Pacific is one of the fastest-growing web real-time communication markets that provides lucrative opportunities for various solutions vendors due to the presence of rapidly developing economies such as India and China. Small and mid-size businesses across Asia Pacific are showing high adoption of web real-time communication solutions as they provide efficient communication services with low cost and ease of implementation.

This Report lets you identify the opportunities in Web Real-Time Communication Market by means of a region:

North America (the United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.)
The Middle East and Africa (North Africa and GCC Countries)
 

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