This market research report includes a detailed segmentation of the global web-based real-time communication market by type (software and services). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this market study are Cisco, Ericsson, Google, and Mozilla.
Technavio’s market research analysts estimate the global WebRTC market, to reach revenues of $2.5 billion between 2016 and 2020. Rise in demand for real-time communication (RTC) from consumers and business enterprises across the globe is boosting the demand for web-based real-time communication (webRTC). WebRTC enables real-time communication, including audio, video, and texts, between users using web browsers without installing any special applications or browser plugins. The Americas is the largest market for webRTC, owing to the growing number of social network users in the region.
The new market research report from Technavio provides a breakdown and analysis of the WebRTC segments by technology.
“Of late, the market is witnessing technological advancements and the cost-competitive nature of WebRTC. Since WebRTC is an open source technology, it enables web-based real-time communication that is easy and less expensive to implement. Consequently, users have to pay only for pre-built libraries and cloud-based services, which is very low when compared to other alternatives,” says Amit Sharma, Lead Analyst, ICT, Technavio Research
The market research analysts have estimated the software segment to account for around 56% of the total market share during the forecast period. Factors such as the growing enterprise mobility and the augmented utilization of smartphones will impel the adoption of WebRTC technology during the predicted period.
Segmentation of global WebRTC market by type 2015
Source: Technavio, 2016
The major players in the global WebRTC market include Cisco, Ericsson, Google, and Mozilla. This market is fragmented due to the presence of numerous large and small players. In this market, the major players have introduced various advanced developer tools for the enhancement of WebRTC APIs as it enables the easy development of real-time multimedia web apps. They are also focusing on strengthening their position in the market by acquiring or partnering with other smaller players.
A more detailed analysis is available in the Technavio report, Global WebRTC Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
