Web Real-Time Communication Market

Web Real-Time Communication Market,
Service, End-user Industry and Region Global Industry Insights, Trends,
2017–2025
Web real-time communication is a method of communication through which
interchanging information and exchanging real-time media, without any transmission
delay is possible. Web real-time communication is a communication standard that
enables peer-to-peer communication. It is a browser-based application that can be
utilized for voice calling, video chats, data transmission, social networking, and gaming
purposes.
Web real-time communication is a combination of applications including JavaScript,
Application Programming Interfaces (APIs), and HTML5 for integration of
communication technologies in browser. Web real-time communication comprises three
Application Programming Interfaces (API), which includes GetUserMedia,
DataChannels, and PeerConnection. GetUserMedia enables a user to access a device
such as camera and microphone. DataChannels aids in maintaining communication
between peers by enabling bidirectional data network. PeerConnection enables a link
between local device and remote devices. These features improve quality of voice and
video calls, which in turn enhances user experience. In addition to that, it provides
security in web communication between receiver and sender as it follows encryption
principle of both data and signaling.
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Growth of the market is owing to increasing inclination of consumers towards interacting
with peers through real-time communication and rising use of social media. According to
Coherent Marker Insights’ analysis, as of July 2016, over 1.7 billion people were using
Facebook monthly, which is about 38% of the U.S. population.
Web real-time communication does not require any special application for any mode of
communication including voice and video chat between users. Additionally, rising
adoption of smart devices, increased utilization of broadband connectivity, and
development of IT infrastructure that is compatible for 4G LTE and 5G connectivity, is
expected to propel growth of the global web real-time communication market. For
instance, according to Coherent Market Insights’ analysis, as of 2016, over 68% of
global population is already using mobile phones. In addition to that, according to
Internet World Stats, as of June 30, 2017, total Internet users count was totaled at
3,885,567,619 among global population of 7,519,028,970. Therefore, these factors are
expected to boost growth of global market growth over the forecast period.
Web real-time communication standards are still in the developmental phase, which is
one of the major factors restraining growth of the global web real time communication
market.
Web Real-Time Communication Market Taxonomy
On the basis of product type, the global web real-time communication market is
segmented into:
● Solution
● Services
On the basis of solution, the global web real-time communication market is
segmented into:
● Video Calling & Conference
● Voice Calling & Conference
● Messaging & File Sharing
● Social Networking
● Gaming
On the basis of service, the global web real-time communication market is
segmented into:
● Consulting Services
● Implementation & Integration Services
● Others
On the basis of end-user industry, the global web real-time communication
market is segmented into:
● IT & Telecom
● Media & Entertainment
● Banking, Finance Services and Insurance (BFSI)
● Retail & Consumer Goods
● Public Sector & Education
● Healthcare
● Transportation & Logistics
● Others
Web Real-Time Communication Market: Regional Insights
The global web real-time communication market is segmented on the basis of regions
into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The
market for web real-time communication in North America accounted for the largest
share in the global market in 2016. Growth in the region is attributed to the advanced
technology and internet infrastructure, rising number of social media users in North
America. For instance, according to Coherent Market Insights’ analysis, Facebook has
the most active users about 1.860 billion per month. That is around 22% of the world’s
population. In 2016 total, smartphone users in North America increased to about 78%
from about 60% in 2015. Hence, increase in smartphone utilization will proportionally
increase demand for internet connectivity. North America is the leading market for 5G
network infrastructure technology. This is due to presence of key market player such as
T-Mobile, which is planning to establish 5G network infrastructure in the U.S.
Additionally, AT&T and Verizon Communication have already successfully completed
5G trial and are expected to deploy it by 2023. These factors are leading to increasing
demand for real-time communication in this region.
Web Real-Time Communication Market: Competitive Background
Major players operating in the global web real-time communication market include
AT&T Inc., Tokbox Inc., Apidaze, Avaya, Inc., Cisco Systems, Inc., Genband Inc.,
Dialogic Corporation, Polycom, Inc., Oracle Corporation, Twilio, Inc., Quobis, and Cafex
Communications, Inc.
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Web Real-Time Communication Market, report categorizes the report by Product Type, Solution, Service, End-user Industry and Region. It provides information about - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025

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