Global Web Real-Time Communication Market Size, Trends And Growth Opportunity, By Component, By WebRTC Application, By Industry Verticals, By Region and Forecast to 2027

Global Web Real-Time Communication Market Size, Trends and Growth Opportunity, By Component (Solution and Services), By WebRTC Application (Mobile, Desktop, Tablet and Others), By Industry Verticals (BFSI, Retail, Telecom & IT, Public Sector, Media & Entertainment, Manufacturing; And Others), By Region and Forecast Till 2027.

Global Web Real-Time Communication Market

The Global Web Real-Time Communication Market was valued at US$ 3.2 billion in 2021 and it is expected to reach at US$ 44.9 billion in 2027 at a CAGR of 29.16 % during forecast period 2022-2027.

Web real-time communication (WebRTC) is a web-based, open-source API that enables peer-to-peer audio, video, and data transmission between mobile apps and browsers, doing away with the need for plugins and special communication programmes. WebRTC solutions are built into current web browsers like Opera, Mozilla Firefox, Google Chrome, and Microsoft Edge.

Market Drivers

The need for web-based communication channels that are connected with unified communication solutions is rising as organisations gradually move more of their activities to the cloud or internet. WebRTC-integrated unified communication solutions combine non-real-time communications like SMS, fax, email, and voicemail with real-time communications like messaging, chat, video conferencing, and VoIP on a single platform. Because 5G networks have more bandwidth and reduced latency, WebRTC is rapidly adopting them.

Market Restraints

A few factors that could impede the growth of the WebRTC market include the fact that service quality cannot always be ensured and the rise in privacy and security concerns.

Market Segmentation

The global web-based real-time communication market segmented into component, webRTC-enabled devices and industry verticals. On the basis of component it segmented into solution and services. On the basis of webRTC- enabled devices it segmented into mobile, desktop, tablet and others. On the basis of industry verticals BFSI, retail, telecom & IT, public sector, media & entertainment; manufacturing; and others.

Regional Analysis

The global web-based real-time communication market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. The growth of WebRTC applications in the telecom and IT, BFSI, and retail sectors, the presence of a sizable number of WebRTCvendors, the introduction of cutting-edge WebRTC products, and the widespread adoption of IoT solutions are the main factors driving the growth of the WebRTC market in North America, which holds the highest market share for web real-time communication.

Key Players

Various key players are listed in this report such as AT&T Inc., Avaya, Inc., Cafex Communications Inc., Cisco Systems, Inc., Citrix Systems Inc., Dialogic Corporation, Frozen Mountain, Google LLC, Huawei Technologies Co., and Oracle Corporation,.

Market Taxonomy

By Component

• Solution
• Services

By WebRTC- Enabled Devices

• Mobile
• Desktop
• Tablet
• Others

By Industry Verticals

• BFSI
• Retail
• Telecom & IT
• Public Sector
• Media & Entertainment
• Manufacturing And Others

Key Question Addressed by the Report

• What are the Key Opportunities in Global Web Real-Time Communication Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the role of key players in the value chain?
• What is the competitive Landscape in the industry?