Web Real Time Communication Market: Overview
Web Real Time Communication (Web RTC) is an open source application programming interface (API) originated by World Wide Web Consortium (W3C). Web RTC enables end-users with voice calling, video chat and peer to peer file sharing between browsers without the support of any external plugin. World Wide Web Consortium is the international standard organization for the development of standards world wide web. The W3C tries to establish compatibility among industry service providers for adoption of global standards developed by them. The internet protocols required for web RTC are developed, managed and standardized by Internet Engineering Task Force (IETF).
Web RTC comprises of three APIs, GetUserMedia (), PeerConnection () and DataChannels (). The ‘GetUserMedia ()’ request the user for permission to get access to input devices such as microphone and camera. The ‘PeerConnection ()’ establishes a connection between local device and remote device. The ‘DataChannels ()’ represents a bidirectional data channel between both the peers in the connection.
Web RTC provides time efficient, easily accessible and encrypted commercial telephony system. Web RTC is an open source API, hence could be easily accessed by the application developers. This has led to heavy adoption of web RTC in developing communication solutions at a lower cost compared to traditional systems. Web RTC does not depend on platform and device on which it is integrated, thus would attract global customers.
Furthermore, web RTC provides better video and audio quality at a lower cost with enhanced security level compared to other telecommunication systems, thus could drive the growth of global web RTC market. Web RTC adapts and adjusts itself according to the changing network conditions. It adjusts according to bandwidth availability and avoids network congestion, thus increases efficiency of the network. The organizations enabled with web RTC technology products could improve customer interaction, promotional activities and increase their sales in a cost-effective way. The growth in customer facing industries such as retail, healthcare and hospitality would further boost the growth of web RTC market. However, web RTC is still an emerging technology, therefore has various challenges such as privacy issues with use of public internet and data security. These issues are expected to restrain the growth of global web RTC market. With big players such as Apple Inc. and Microsoft Corporation not supporting web RTC technology, the market is expected to face a hurdle in its growth.
Web Real Time Communication Market: Segmentation
Web RTC market is broadly segmented on the basis of type, solution and geography. On the basis of type, the web RTC market can be segmented into software and services whereas, on the basis of solution it can be segmented as video calling solutions, voice solutions, messaging solutions and file sharing solutions. The software segment of the market provides software which have web RTC functionality whereas service segment provides the technology and API to integrate web RTC in their existing websites.
Moreover, in terms of geographies, the global Web RTC market is segmented into North America, Europe, Asia Pacific, Middle East and Africa and Latin America regions. Web RTC technology show its strong presence in North America as technological advancements and heavy investments are made by the players of this region. Asia–Pacific and Europe are also adopting web RTC significantly due to tremendous growth seen in usage of web based applications.
Web Real Time Communication Market: Key Players
The major participants in the web RTC market include companies such as Google Incorporation, Mozilla Corporation, Cisco Systems Inc., Opera Software ASA, TokBox, Twilio, Alcatel-Lucent S.A., Voxeo Corporation, American Telephone & Telegraph Corporation and Avaya Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America
- Latin America
- Asia Pacific
- Western Europe
- Eastern Europe
- Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.