Global Web Real Time Communication (webRTC) Market 2017-2021 Description
TechNavio - Infiniti Research Ltd.
Global Web Real Time Communication (webRTC) Market 2017-2021
About Web Real Time Communication (webRTC)
Web real-time communication (WebRTC) is an open source project that embeds real-time voice, texts, and video communications capabilities in web browsers. The technology enables peer-to-peer communication (P2P) among browsers. It does not require specialized software applications or browser plugins for communication.
WebRTC uses JavaScript, application programming interfaces (APIs), and hypertext markup language (HTML)5 to embed the communication technologies within the browser. This technology helps in easy exchange of audio, video, and data through the browsers. The Internet engineering task force (IETF) and web real-time communications group work on improving WebRTC. Currently, WebRTC is available in Chrome, Opera, and Mozilla Firefox web browser. It is also available for apps on iOS and Android.
Technavio’s analysts forecast the global web real time communication (webRTC) market to grow at a CAGR of 34.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global web real time communication (webRTC) market for 2017-2021. To calculate the market size, the report considers the revenue generated from numerous services offered through browsers, mobile devices, and unified communications (UC) platforms.
The market is divided into the following segments based on geography:
Technavio's report, Global Web Real Time Communication (webRTC) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - AT&T
- Avaya
- Dialogic
- GENBAND
- TokBox
Other prominent vendors - Alcatel-Lucent
- Apple
- Apidaze
- Blackboard
- CafeX Communications
- Cisco
- Digium
- Ericsson
- Google
- IBM
- Microsoft
- Mitel Networks
- Polycom
- Opera
- Oracle
- TWILIO
- Quobis
Market driver - Growing demand for WebRTC-enabled devices
- For a full, detailed list, view our report
Market challenge - Popularity of Voice over Internet Protocol (VoIP)
- For a full, detailed list, view our report
Market trend - WebRTC popularizing bring your own device (BYOD) trend
- For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
Press Release
Technavio Announces the Publication of its Research Report – Global Web Real Time Communication (webRTC) Market 2017-2021
Technavio recognizes the following companies as the key players in the global web real time communication (webRTC) market: AT&T, Avaya, Dialogic, GENBAND, and TokBox
Other Prominent Vendors in the market are: Alcatel-Lucent, Apple, Apidaze, Blackboard, CafeX Communications, Cisco, Digium, Ericsson, Google, IBM, Microsoft, Mitel Networks, Polycom, Opera, Oracle, TWILIO, and Quobis.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is WebRTC popularizing bring your own device (BYOD) trend. BYOD is the new trend in workplaces, which encourages employees to bring their own devices. More than one-third of the employers in the world provide devices, such as smartphones and tablets, to their staff. More than half of the employers around the world encourage employees to bring their own devices to work.”
According to the report, one of the major drivers for this market is Growing demand for WebRTC-enabled devices. The global WebRTC market is growing rapidly owing to the high demand for real-time communications and the rising number of WebRTC-enabled devices. The high demand for video and voice calling features over the Internet without the downloading of plugins drives market growth. WebRTC is offered as a default feature and some of the web browsers, such as Chrome, Opera, and Firefox, support WebRTC in devices like cellular phones, computers, smart TVs, and tablets. In 2014, more than 1 billion devices supported WebRTC. By the end of 2016, the number increased to 4 billion. By the end of 2016, there were more than 1.5 billion active WebRTC users. This rise in the number of WebRTC supporting devices is a clear indication of the growing WebRTC market.
Further, the report states that one of the major factors hindering the growth of this market is Popularity of Voice over Internet Protocol (VoIP). Internet-based technologies support trans-continental communication and VoIP is popularly used for audio-video conversations. VoIP is time tested and has variants such as VoIP over DSL/cable modem, voice over Wi-Fi/3G, and voice over long-term evolution (VoLTE). However, WebRTC solutions are browser-based technologies. VoIP is an advanced telephonic technology that enhances trans-continental communication. It is a bundled set of numerous technologies that work together to offer a holistic service or solution. The developers can create customized VoIP solutions owing to the presence of numerous technologies. WebRTC technology is an extension of VoIP to the browser, which uses the existing VoIP infrastructure to provide services. Thus, the adoption of VoIP poses a challenge to the global WebRTC market.
Companies Mentioned
AT&T, Avaya, Dialogic, GENBAND, and TokBox
Other Prominent Vendors in the market are: Alcatel-Lucent, Apple, Apidaze, Blackboard, CafeX Communications, Cisco, Digium, Ericsson, Google, IBM, Microsoft, Mitel Networks, Polycom, Opera, Oracle, TWILIO, and Quobis.
