Global WebRTC Market: Snapshot
Thanks to the phenomenal progress in communication technology, the global web real-time communication (webRTC) market is witnessing a substantial rise in its valuation. The application of webRTC has increased remarkably in both telecom and unified communication applications and is expected to continue expanding in the coming years, stimulating the market to grow further. Over the next few years, the demand for WebRTC is expected to surge significantly among end users, owing to its open source nature and the high compatibility with multiple devices, which is likely to reflect positively on the progress of this market in the near future.
In 2016, the worldwide market for webRTC was valued at US$10.71 bn. Analysts predict the progress in this market to be paced at a CAGR of 24.30% between 2017 and 2025, and reach US$81.52 bn by the end of 2025.
Demand for Voice WebRTC Solutions to Remain Strong
Voice, video, and data sharing are the key webRTC solutions provided by market players across the world. The demand for video webRTC solutions is higher than other types of solutions. This segment led the global market with a share of more than 57% in 2016 and is projected to remain so over the forthcoming years, owing to its increasing uptake in a number of telecom and IT based end-use applications. The data sharing segment is also expected to witness substantial growth in the years to come.
Browser, mobile, and unified communication are the main platforms on which webRTC solutions can be run. With the significantly high user base of mobile phones, the mobile platform has been leading this market and is anticipated to continue like this over the next few years. Unified communication platform is also anticipated to report a steady rise in the near future.
North America to Maintain Dominance
The global market for webRTC registers its presence across Europe, the Middle East and Africa, Asia Pacific, North America, and South America. Among these, North America acquired the leading position in 2016 with a share of more than 40%. The high adoption rate of webRTC technology, thanks to its increasing usage in UCaaS and telecom services, has been boosting this regional market considerably. Over the coming years, analysts expect the North America market for webRTC to remain dominant on the grounds of high internet speed and the burgeoning number of mobile subscribers in this region.
Among other regional markets for webRTC, Europe also possesses a significant share in the global market due to early adoption of technology. Asia Pacific, on the other hand, is likely to present lucrative growth opportunities for market players in the near future, thanks to the significant rise in the telecom and IT sector and the increasing base of internet users. Various Asian countries, such as Japan, China, and India, are anticipated to witness a noticeable rise in the uptake of WebRTC solutions, which is likely to propel the Asia Pacific market for webRTC in the years to come. The Middle East and Africa market is projected to be driven by GCC countries and the Rest of the Middle East of Africa over the next few years.
Twilio Inc., Avaya Inc., Sinch AB, Acano Ltd., Dialogic Corp., Oracle Corp., TokBox Inc., Cafex Communications Inc., Mitel Networks Corp., TeleStax Inc., Genband US LLC, and Quobis Networks S.L. are some of the key players in the global webRTC market.
Global WebRTC Market: Overview
Web Real-Time Communication (WebRTC) is a web based open source application supporting browser to browser real-time communication through a number of devices such as computers, smartphone, smart TVs and tablets. WebRTC is compatible with HTML, TCP/IP and HTTP protocol and uses multiple codecs for smooth transfer of voice, video, and data. The demand for WebRTC is expected to increase in both telecom and unified communication applications in the coming years.
Due to its open source nature, the demand for WebRTC is expected to increase among application developers wherein WebRTC acts as a form of revenue generation by enhancing end-user experience. In the coming years, WebRTC solutions are expected to see an increase in the field of communication.
Global WebRTC Market: Segmentation
This research report provides in-depth analysis of the global WebRTC market for the period of 2016 – 2025, wherein 2016 is the base year and 2017 to 2025 is the forecast period. Data for 2014 and 2015 has been included as historical information. It also provides the comprehensive analysis of WebRTC market based on solution, platform provider, end-use industry and geography. The global WebRTC market is categorized based on solution types into voice, video, and data sharing solution.
Furthermore, the research report provides the complete insights into different WebRTC solution providers through platform provider segmentation which includes browser platform provider, mobile platform provider and unified communication platform provider. The End-use industries for the global WebRTC market are telecom, information Solution, Health Care, e-commerce, education, media & entertainment, BFSI and others (energy and transportation). The report analyzes each of these segments for various geographies considered under the scope of the study.
Based on geographical regions, the report segments the global WebRTC market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into The U.K., Germany, Commonwealth of Independent States (CIS), and Rest of Europe. Asia Pacific is subdivided into Japan, China, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council (GCC) countries, South Africa, and Rest of MEA, while South America is subdivided into Brazil and Rest of South America.
Global WebRTC Market: Scope of the Study
The objective of this study is to understand the factors aiding the growth of the WebRTC market. The report further aims to identify various factors that are expected to support the expansion of WebRTC market in the emerging markets. The report also provides an analysis of the factors that are going to drive and restrain the growth of the WebRTC market. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global WebRTC market.
The report provides the market estimates and forecasts for all the segments in terms of revenue (US$ Bn). Also provided in the report is the market positioning of key players in the global WebRTC market. The report also provides industry evolution and Porter’s Five Forces Analysis for global WebRTC market.
Global WebRTC Market: Competitive Analysis
The report also includes the competitive profiling of major players engaged in providing WebRTC solutions and services. Major business strategies adopted by them, SWOT analysis, competition matrix and recent developments have also been identified in the research report. The key market players profiled in this study include telecom API providers, aggregators and UCaaS service providers. The prominent providers who offer WebRTC solution include Twilio, Inc., Avaya, Inc., Sinch AB, Acano, Ltd. (Cisco Systems, Inc.), Dialogic Corporation, Oracle Corporation, TokBox, Inc., Cafex Communications Inc., Mitel Networks Corp., Telestax Inc., Genband US LLC and Quobis Networks S.L.
The global webRTC market is segmented into:
- Data Sharing
By Platform Provider
- Unified Communication
By End-use Industry
- Information Solution
- Health Care
- Media and Entertainment
- Banking, Financial services and Insurance (BFSI)
- Others (Energy and Transportation)
- North America
- Asia Pacific
- Middle East and Africa
- South America