New York, NY, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “WebRTC Market by Solution (Gaming, Messaging & File Sharing, Social Networking, Video Calling & Conference, and Voice Calling & Conference), by Service (Consulting Services, Implementation & Integration Services, and Others), and by End-Use Industry (Retail, BFSI, IT & Telecom, Healthcare, Government Sector, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” . According to the report, the global WebRTC market accounted for USD 1,669 million in 2018 and is expected to reach USD 21,023 million globally by 2025, at a CAGR of 43.6% between 2019 and 2025.
WebRTC (Real-Time Communication) enables real-time video, voice, and data sharing with the help of a web browser. WebRTC eliminates the need for browser plugins. The architecture for WebRTC includes browser clients and web servers. This technology enables point-to-point and multi-point browser communication.
Browse through 84 Tables & 31 Figures spread over 137 Pages and in-depth TOC on “Global WebRTC Market: Size, Share, Trends, Segments, Analysis and Forecast, 2018–2025”.
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The rising use of online platforms for shopping has led to the demand for solutions that offer real-time information to retailers and customers. The WebRTC market is likely to witness significant growth in the future, owing to the increasing demand for real-time information collection. Retail websites that are powered with WebRTC help retailers to assist online customers with quicker reviews and improved guidance to purchase products from any location. However, the rising incidences of cyber-attacks pose a threat to the WebRTC market growth. Alternatively, the increasing adoption of “Internet of Things” (IoT) is projected to open new growth avenues for the WebRTC market over the estimated time period.
The WebRTC market is segmented on the basis of the solution, service, and end-use industry. By solution, the global WebRTC market includes gaming, messaging and file sharing, social networking, video calling and conference, and voice calling and conference. Consulting services, implementation and integration services, and others form the service segment of the global WebRTC market. Consulting services are expected to grow significantly over the estimated timeframe. The end-use industry segment includes retail, BFSI, IT and telecom, healthcare, government sector, media and entertainment, and others. The IT and telecom segment is anticipated to hold a noteworthy share of the WebRTC market over the estimated time period, owing to the rising demand for video calling and conference solutions among numerous IT organizations. Many IT and telecom companies are focusing on increasing their operations across the emerging Asian economies, such as India and China.
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By region, North America is expected to hold a substantial share of the global WebRTC market over the forecast timeframe. The U.S. is a major contributor to the North American market, owing to the increasing adoption of WebRTC by the IT and telecom industry. Telecom companies are focusing on eliminating obsolete business models and develop upgraded communication solutions to meet the latest end-user requirements. In 2017, broadband providers in the U.S. invested about USD 76.3 billion on network infrastructure as compared to USD 74.8 billion in 2016. This number is projected to rise considering the increasing use of wireless communication. According to the “CTIA”, the U.S. wireless technology contributed about USD 475 billion annually to the country’s economy.
The European WebRTC market is likely to be driven by the increasing adoption of technology in the retail sector over the estimated timeframe. WebRTC enables smooth communication between retailers and customers. The technology has enhanced retail websites by assisting online customers from various locations. Rising online sales has made retailers opt for solutions to maintain proper communication with their customers. The UK is expected to be a major contributor to this regional market’s growth due to the rising online retail sales. In 2017, online retail sales in the UK were about USD 87.62 billion as compared to USD 79.3 billion in 2016.
Browse the full “WebRTC Market by Solution (Gaming, Messaging & File Sharing, Social Networking, Video Calling & Conference, and Voice Calling & Conference), by Service (Consulting Services, Implementation & Integration Services, and Others), and by End-Use Industry (Retail, BFSI, IT & Telecom, Healthcare, Government Sector, Media & Entertainment, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/webrtc-market
Asia Pacific region is projected to grow substantially in the global WebRTC market over the estimated timeframe, owing to the increasing technology usage in the healthcare sector. India and China are considered to be the prime contributors of the Asia Pacific WebRTC market. Telemedicine services are increasing rapidly due to the increasing number of internet users across the region. The telemedicine market in India was valued at USD 15 million in 2016 and is anticipated to reach USD 32 million by 2020. Furthermore, IT investments made in China’s hospital systems are projected to reach USD 9.5 billion by 2022.
Latin America is expected to make vital contributions to the global WebRTC market over the estimated timeline. This regional contribution can be attributed to the increasing demand for online streaming of sports. With the increasing number of smartphone users in Brazil and Argentina, WebRTC providers have a great opportunity to offer their solutions and services across the region.
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Some key participants of the global WebRTC market are Apidaze, Oracle Corporation, AT&T, Inc., Avaya, Inc., Cafex Communications, Inc., Cisco Systems, Inc., Dialogic Corporation, GENBAND Inc., Polycom, Inc., and Quobis, among others.
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This report segments the global WebRTC market into:
Global WebRTC Market: Solution Analysis
- Gaming
- Messaging and File Sharing
- Social Networking
- Video Calling and Conference
- Voice Calling and Conference
Global WebRTC Market: Service Analysis
- Consulting Services
- Implementation and Integration Services
- Others
Global WebRTC Market: End-Use Industry Analysis
- Retail
- BFSI
- IT and Telecom
- Healthcare
- Government Sector
- Media and Entertainment
- Others
Global WebRTC Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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