[FURL=https://www.industryarc.com/Report/16341/web-real-time-communication-rtc-market.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Web Real Time Communication (WebRTC) Market[/FURL] Web Real Time Communication (WebRTC) market size is estimated to reach $4.83 billion by 2026 at a CAGR of 30.5% during the forecast period 2021-2026. The wide adoption of IoT coupled with the increasing popularity of unified communications system among the organizations and demand for web-based communication system has triggered the demand for WebRTC. In addition, the BYOD trend, increasing smart phone penetration and growing demand for secured and enhanced voice over internet protocol (VOIP) communication services resulting in rising demand for this technologyare thereby driving Web Real Time Communication (WebRTC) market growth.Key Takeaways
Healthcare sector is analyzed to witness the fastest growth during the forecast period. The growth is attributed to the wide adoption of digital-healthcare services as well as the increasing investment towards the development of the digital health sector.
·North America dominated the market with more than 30.1% Web Real Time Communication (WebRTC) market share in 2020, early adoption for new technologies and increasing investment for the development of WebRTC are the key factors contributing to the market growth.
The demand for WebRTC is estimated to witness a significant upsurge during the forecast period, owing to its low associated cost and webification of commutation system across the globe.
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Web Real Time Communication (RTC) Market Segment Analysis - By Geography
North America dominated the market with a major WebRTC market share of around 30.1% in 2020 owing to the early adoption of new technologies, increasing IoT penetration, growing investments for WebRTC development, acquisition, collaboration and new product launches by the major and new companies of this region are the major factors driving the market for this region. In February 2020, CafeX Communications launched Challo, a simple, cloud based, secured, all in one collaboration platform for enterprises. It offers video meetings, file sharing, screen sharing, chatting and many other applications in real time.
Web Real Time Communication (RTC) Market Drivers
Webification of Communication:
Low Associated Cost:
Web Real Time Communication (RTC) Market Landscape
Web Real Time Communication (WebRTC) top 10 companies include Cisco Systems, Inc., Ericsson AB, TokBox, Inc., Avaya, Inc., Oracle Corporation, AT&T, Inc., Polycom, Inc., CafeX Communication, Inc., Apidaze, Inc., Twilio, Inc. and others.
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