Global WebRTC Market is valued at USD 2415.1 Million in 2020 and is expected to reach USD 38160.4 Million by 2027 with a CAGR of 41.2% over the forecast period.
Global WebRTC Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Rising number of internet users, technological advancements and growing demand for demand for voice calling & conferencing are some major factors drive the growth of the Global WebRTC Market.
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 Communications 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.
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.
The regions covered in this webRTC market are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of webRTC market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
global webrtc providers or webRTC companies include
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 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.
|Historical data||2015 - 2020|
|Forecast Period||2022 - 2028|
|Market Size in 2020:||USD 2415.1 Million|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 38160.4 Million|
|Tables, Charts & Figures:||175|
|WebRTC Companies||Citrix Systems, Inc., Google Inc., Facebook, Inc., TokBox Inc., Sinch AB, Twilio, Inc., WIRE SWISS GmbH, Talko Inc., Screenhero, Inc., Comcast Corporation, and others.|
|Segments Covered||By Component, By Verticals|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
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