The web real-time communication market size is expected to see exponential growth in the next few years. It will grow to $55.46 billion in 2028 at a compound annual growth rate (CAGR) of 45.1%. The growth in the forecast period can be attributed to integration with unified communications, expansion of internet of things (iot) applications, improved security measures, augmented and virtual reality (ar/vr) integration, 5g network deployment. Major trends in the forecast period include rise of remote work and virtual collaboration, mobile-first approach, integration with web browsers, emergence of progressive web apps (pwas), advancements in security and privacy.
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Segmentation & Regional Insights
The web real-time communication market covered in this report is segmented –
1) By Component: Solution, Service
2) By Web RTC-Enabled Devices: Mobile, Desktop, Tablet, Other Web RTC-Enabled Devices
3) By Deployment Type: Cloud, On-Premise
4) By Enterprise Size: Small And Medium Scale Enterprises (SMEs), Large Enterprises
5) By Application: Information Technology (IT) And Telecom, Banking, Financial Services And Insurance (BFSI), Government And Defense, Healthcare, Retail, Media And Entertainment, Other Applications
North America was the largest region in the web real-time communication market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the web real-time communication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing popularity of BYOD will propel the web real-time communication market growth. BYOD is when employees connect to the organization’s network and access what they need to complete their tasks using their personal devices, such as smartphones, tablets, computers, laptops, and others. BYOD is aided by web real-time communication as it links browser-to-browser without additional plugins/utilities. According to Cisco, an IT and networking company, 89% of IT departments enable BYOD in some form, and 69% of IT leaders are positive about BYOD. Therefore, the growing adoption of BYOD policies in companies is driving the web real-time communication market growth.
Key Industry Players
Major companies operating in the web real-time communication market report are Avaya Inc., CafeX Communications Inc., Cisco Systems Inc., Dialogic Corporation, Google LLC, Alcatel-Lucent Enterprise International, AT&T Inc., Apidaze, Oracle Corporation, Plivo Inc., Quobis, Poly Inc., Ribbon Communications Operating Company Inc., Sangoma Technologies Corporation, Twilio Inc., Vonage Holdings Corp., WebRTC. ventures, Frozen Mountain Software, Agora. io, TokBox Inc., Temasys Communications Pte Ltd., Sinch AB, Pexip AS, QuickBlox, Skylink Technologies LLC, Xirsys Inc., SightCall, Peer5 Inc., Wowza Media Systems LLC, Jitsi
The web real-time communication market report table of contents includes:
1. Executive Summary
2. Web Real-Time Communication Market Characteristics
3. Web Real-Time Communication Market Trends And Strategies
4. Web Real-Time Communication Market – Macro Economic Scenario
5. Global Web Real-Time Communication Market Size and Growth
……………….
31. Global Web Real-Time Communication Market Competitive Benchmarking
32. Global Web Real-Time Communication Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Web Real-Time Communication Market
34. Web Real-Time Communication Market Future Outlook and Potential Analysis
35. Appendix
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