At 41.2% CAGR, WebRTC Market is Expected to reach USD 38160.4 Million by 2027, Says Brandessence Market Research

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Aug 11, 2021, 09:31 ET

LONDON, Aug. 11, 2021 /PRNewswire/ -- Global WebRTC market is valued at USD 2415.1 Million in 2020 and expected to reach USD 38160.4 Million by 2027 with a CAGR of 41.2% over the forecast period. Rising number of internet users, technological advancements, and growing demand for voice calling & conferencing are some major factors drive the growth of the Global WebRTC Market.

Webrtc companies across the world: Citrix Systems, Inc., Google Inc., Facebook, Inc., TokBox Inc., Sinch AB, Twilio, Inc., WIRE SWISS GmbH, Talko Inc., Screenhero, Inc., Comcast Corporation

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News: Quickchannel Launched WebRTC on Its Platform

May 4th, 2021; Quickchannel, has announced the launch of WebRTC on its video platform, which allows users to live stream secure, branded and high quality video. As an open-source technology supported by renowned software brands such as Apple, Google, Microsoft and Mozilla, the launch of WebRTC means Quickchannel's customers are able to stream content directly via a browser, with no need for hardware, downloads or plugins. Quickchannel's platform allows companies to brand their own player, have dual streams and offer engagement tools, such as polling and moderated chat.

Web Real-Time Communication is an online source application supporting program to program continuous connection. WebRTC allows P2P audio, video and data communication between the browsers without plug-in. WebRTC is ideal with HTML, TCP/IP, and HTTP conventions and uses different code for a smooth exchange of video, voice, and message. Currently, various browsers support WebRTC such as Mozilla Fire fox, Google Chrome, Opera, and Microsoft IE. It is required to increment to a great extent because of an ascent in its application in end-use parts, for example, e-commerce, telecom, IT, web-based business, and others business. Web Real-Time Communication gives a period effective, effectively open, and disorganize business communication framework. It is an open-source API and effectively gotten to by application engineers. WebRTC does not depend upon the steps and device on which it is coordinated, which is anticipated to pull in worldwide clients.

Recently, there has been an expansion in the quantity of WebRTC clients in the versatile application. WebRTC reduces the time required as well as makes the process easy for a non-technical user since WebRTC requires no plug-in, frameworks or applications. The browsers work Session Description Protocol (SDP) to establish a connection for data transfer. JavaScript Application Programming Interface (APIs) and HTML5 are used by WebRTC for embedded communication within the browsers. However, WebRTC is an emerging platform that is foresees to have notable impact on the communication between browsers in near future.

COVID-19 pandemic has shown a positive impact on global webRTC market. A lot of large enterprises and small scale enterprises have approached WebRTC managed service providers which have scaled existing services, modernized legacy applications. The pandemic has led to the cancellation of many corporate events, trade shows, international seminars, and investor presentations. As a result, these events have opted for video conferencing for communicating these events. Work-from-home regulations have resulted in an increased demand for RTC solutions, which has positively affected the WebRTC market. Strict lockdown measures were implemented in many countries, because of which, schools are expected to be shut for a large part of the year, consequently increases the demand for e-learning.

The global webRTC market is segmented on the basis of component, industry verticals and regional level & country level. Based on component, the global WebRTC market is divided into solution and services. Based on verticals, the global WebRTC market is divided into data sharing, video and voice. Based on industry vertical, the global WebRTC market is divided into BFSI, e-commerce manufacturing, healthcare & life sciences, IT & telecommunications, consumer goods & retail, government & public sector, media & entertainment and others.

By Component:

Solution
Services

By Verticals:

BFSI
E-commerce
Education
Healthcare
IT
Media & Entertainment
Telecom
Others (Energy and Transportation

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Rising Number of Internet Users, Technological Advancement, Growing Adoption Voice Calling & Conferencing are Some Major Factors Drive the Market Growth

The major factors driving the growth of global webRTC market are increasing numbers of internet users. For example; as per the Our World Data; globally the number of internet users increased from only 413 million in 2000 to over 3.4 billion in 2016. Cybersecurity Ventures predicts that there will be 6 billion Internet users by 2022 (75 percent of the projected world population of 8 billion) and more than 7.5 billion Internet users by 2030 (90 percent of the projected world population of 8.5 billion, 6 years of age and older). In addition, the growth of global webRTC market is due to the technological advancements in this field. Increasing adoption for voice calling and conferencing is expected to boost the market forecast growth. WebRTC provides better video and voice quality with advanced security and other operational features. For instance, Snapchat utilizes WebRTC to control its video calling highlight. Snapchat has no Web application for its fundamental highlights.

However, the quality of service cannot be guaranteed all the time and rise in security and privacy concerns are some factors that may hamper the growth of the WebRTC market. In spite of that, integration of AI with WebRTC, proliferation of BYOD trend, and increase in use of WebRTC for IoT are factors which may offer more opportunities for the further growth of the market.

North America is Expected to Dominate the Global WebRTC Market

North America is expected to dominate the global WebRTC market owing to the telemedicine organizations are growing rapidly due to presence of key players and high technological advancements in this region. For example, in September 2019, Cisco Systems, Inc. declared the acquisition of Voicea that gives real-time solutions. The securing was pointed toward improving Cisco System Inc's. Webex portfolio with record benefits that combined automated speech acknowledgment and artificial intelligence (AI). Asia Pacific is expected to witness a significant growth in the global WebRTC market over the forecast period owing to the expanding technology use in the human services division. Countries like India and China are viewed as the main supporters of the WebRTC market.

Table of Content

Chapter 1 Global WEBRTC Market: Summary and Quantitative Analysis

1.1 Report Description

1.2 Global WEBRTC Market Revenue Overview

1.3 Global WEBRTC Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025

Chapter 2 Global WEBRTC Market: Overview and Qualitative Analysis

2.1 Executive Summary

2.2 Market Drivers

2.3 Market Restraints

2.4 Market Opportunities

2.5 Market Trends

2.6 Global WEBRTC Market: SWOT Analysis

2.7 Global WEBRTC Market: PEST Analysis

2.8 Global WEBRTC Market: Attractiveness Analysis

2.8.1 Global WEBRTC Market: Attractiveness Analysis by Type

2.8.2 Global WEBRTC Market: Attractiveness Analysis by Application

2.8.3 Global WEBRTC Market: Attractiveness Analysis by Regional

Chapter 3 Competitive Analysis

3.1 Global WEBRTC Market

3.1.1 Global WEBRTC Market Revenue (USD Billion), By Players 2018

3.1.2 Global WEBRTC Market Revenue Share (%), By Players 2018

Chapter 5 Global WEBRTC Market: By Component

5.1 Global WEBRTC Market Share (%), By Component, 2018

5.2 Global WEBRTC Market Revenue (USD Billion), By Component, 2015 – 2025

5.3 Global WEBRTC Market Revenue (USD Billion), T1 ,2015-2025

5.4 Global WEBRTC Market Revenue (USD Billion), T2,2015-2025

5.5 Global WEBRTC Market Revenue (USD Billion), T3,2015-2025

5.6 Global WEBRTC Market Revenue Share (%), By Component, 2015 – 2025

5.7 Global WEBRTC Market Revenue Market Share (%), By Component, 2015-2025

Chapter 6 Global WEBRTC Market: By Verticals

6.1 Global WEBRTC Market Share (%), By Verticals, 2018

6.2 Global WEBRTC Market Revenue (USD Billion), By Verticals, 2015 – 2025

6.3 Global WEBRTC Market Revenue (USD Billion), A1, 2015-2025

6.4 Global WEBRTC Market Revenue (USD Billion), A2, 2015-2025

6.5 Global WEBRTC Market Revenue (USD Billion), A3, 2015-2025

6.6 Global WEBRTC Market Revenue Share (%), By Verticals, 2015 – 2025

6.7 Global WEBRTC Market Revenue Market Share (%), By Application, 2015-2025

Chapter 7 North America WEBRTC Market Analysis

7.1 North America Market Snapshot

7.1.1 North America WEBRTC Market Revenue and Growth Rate (%), 2015-2025.

7.1.2 North America WEBRTC Market Revenue (USD Billion) Overview, by Country, 2015 – 2025

7.1.3 North America WEBRTC Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.

7.1.4 North America WEBRTC Revenue (USD Billion) Overview, by Type, 2015-2025

7.1.5 North America WEBRTC Revenue (USD Billion) Overview, by Application , 2015-2025

Chapter 8 Europe WEBRTC Market Analysis

8.1 Europe Market Snapshot

8.1.1 Europe WEBRTC Market Revenue and Growth Rate (%), 2015-2025.

8.1.2 Europe WEBRTC Market Revenue (USD Billion) Overview, by Country, 2015 – 2025

8.1.3 Europe WEBRTC Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.

8.1.4 Europe WEBRTC Revenue (USD Billion) Overview, by Type, 2015-2025

8.1.5 Europe WEBRTC Revenue (USD Billion) Overview, by Application, 2015-2025

Chapter 9 Asia Pacific WEBRTC Market Analysis

9.1 Asia Pacific Market Snapshot

9.1.1 Asia Pacific WEBRTC Market Revenue and Growth Rate (%), 2015-2025.

9.1.2 Asia Pacific WEBRTC Market Revenue (USD Billion) Overview, by Country, 2015 – 2025

9.1.3 Asia Pacific WEBRTC Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.

9.1.4 Asia Pacific WEBRTC Revenue (USD Billion) Overview, by Type, 2015-2025

9.1.5 Asia Pacific WEBRTC Revenue (USD Billion) Overview, by Application, 2015-2025

Chapter 10 Latin America WEBRTC Market Analysis

10.1 Latin America Market Snapshot

10.1.1 Latin America WEBRTC Market Revenue and Growth Rate (%), 2015-2025.

10.1.2 Latin America WEBRTC Market Revenue (USD Billion) Overview, by Country, 2015 – 2025

10.1.3 Latin America WEBRTC Market Revenue (USD Billion) and Growth Rate (%), 2015 – 2025.

10.1.4 Latin America WEBRTC Revenue (USD Billion) Overview, by Type, 2015-2025

10.1.5 Latin America WEBRTC Revenue (USD Billion) Overview, by Application, 2015-2025 ……….Get Detailed Analysis https://brandessenceresearch.com/technology-and-media/webrtc-market

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