Published Date : Feb 12, 2018
ALBANY, New York, February 12, 2018 - The global web real-time communication (webRTC) market has been projected to ride on an extensive growth due to the exceptional advancement of communication technology. MarketResearchReports.biz has put on sale a report bearing the title “WebRTC Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025.” In this report, the authors have cataloged the market as per end-use industry, platform provider, and solution. With regard to solution, the video segment has been foreseen to obtain a king’s share of the market, leaving behind data sharing and voice. Its growth could be attributed to a rising adoption in IT and telecom-based applications.
WebRTC solutions could run on different platforms such as unified communication, mobile, and browser, which happen to be among the chief ones. While unified communication could showcase a stable rise in the market, the mobile segment has been foretold to secure a larger market share on account of the growing usage of mobile phones. End-use industries such as energy and transportation, banking, financial services, and insurance (BFSI), media and entertainment, education, ecommerce, healthcare, information solution, and telecom have been under the spotlight. The telecom industry could witness the expansion of the applications of webRTC in the near future.
The world webRTC market has been prognosticated to gain a good momentum because of a positive impact caused by a telling surge in the demand for the technology due to its impressive compatibility with several devices and open source nature. As per an analyst authoring the report, the adoption of webRTC solutions could gain significantly from the swelling prominence of internet protocol (IP) multimedia subsystem (IMS). The telecom industry testifies of IP packet switched network used as a medium by IMSs to standardize voice call services. Mobile users have been anticipated to increasingly adopt rich communication services and voice over long-term evolution (VoLTE) because of the introduction of 4G LTE.
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The international webRTC market has been prophesied to receive strength due to a rising count of mobile network operators taking advantage of the adoption of VoLTE by beginning to use webRTC solutions. This is because IP-based systems form the operational basis of webRTC. Although the market boasts of its presence in different regions of the world, North America has been envisioned to exhibit a colossal demand for webRTC in the foreseeable future. Even in 2016, the regional market had secured a leading share because of a high adoption rate owing to the swelling application of webRTC in telecom services and unified communications as a service (UCaaS).
Furthermore, the growing count of mobile subscribers and availability of high internet speed in North America could help the region to stay dominant in the near future. Players have also been anticipated to find opportunities in other regions such as Europe resting its hopes on factors such as early adoption of technology. The emerging region of Asia Pacific could offer rewarding prospects on the back of the expanding base of internet users and growth of the IT and telecom industry. India, China, and Japan could be at the forefront of the regional market contributing with a telling increase in the adoption of webRTC solutions.
The international webRTC market features leading companies such as Dialogic Corporation, Acano, Ltd., Sinch AB, Avaya, Inc., and Twilio, Inc. The market’s vendor landscape has been envisaged to be significantly competitive and fragmented.
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