Web Real-Time Communication Market : Facts, Figures and Analytical Insights, 2028

26/nov/2021 03:35:45 Ethan Smith Contatta l'autore

Report Description

A recent market intelligence report that is published by Data Insights Partner on the global Web Real-Time Communication Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Web Real-Time Communication Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Web Real-Time Communication Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Web Real-Time Communication Market is offered. In accordance with the report, the global Web Real-Time Communication Market is projected to expand by healthy CAGR over the period of forecast.

Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:

Definition

Web Real Time Communication is a publicly available application programming interface (API) that is sourced by the World Wide Web Consortium (W3C). Online file swapping in the absence of any external support, video chatting and voice calling are some of the benefits provided to the end users by web real time communication systems. The Internet Engineering Task Force (IETF) develops, manages and standardizes the internet protocols that are required for web real time communication.

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Market Drivers

The convenience and low cost associated with the utilization of web real time communication systems is primarily driving this market. Since the setting up of these solutions does not require the installment of additional and external plugins, these are cost-effective. It secures communication, simple and user-friendly at low cost which is providing the initial impetus to this market. Moreover, this solution can be utilized to communicate with individuals who live in remote places which is also positively affecting this market.

Incorporation of communication facilities in a webpage that is accessible from any screen which implies “webification” of real time communication is gaining momentum on account of immediate connectivity for the completion of task. This factor is propelling the growth of this market.

The Covid-19 pandemic has accelerated the growth prospects of the market. The global lockdown and social distancing have led to the cancellation of various corporate events, international seminars and trade shows. These activities are now carried on through video conferencing in various online platforms. The tendency of work-from-home and the continuation of education system through the alternative online platforms due to global closure of every places has augmented the growth of this market.

The real time wed communication systems is also utilized by the retail sector, banking sector, BFSI agencies and the Insurance sectors. In the retail sector, this system has facilitated the interaction between shoppers and staffs from their home. The deployment of this system in the banking and insurance sector has emitted the necessity to visit banks and other places to carry on operations. All these factors are fueling the growth of the web real time communication market.

Market Restraints

The dearth of standardization of regulations that are aimed at regulating the operation of this market globally is hindering the growth prospects of this market.

The lack of privacy and security concerns complementary to the rising incidences of hacking and cyber crimes that cause economic disturbances and harm intellectual properties is impeding the growth of the web real time communication market.

The remote regions especially of the developing and less developed economies that are not even electrified is inaccessible by this market that is taking a toll on the growth of the web real time communication market.

Opportunities

The rapid increment in usage of smart phones coupled with internet penetration is expected to improve further in the years to come which is expected to be a good scope to kickstart operations in this market.

Moreover, the incorporation of Artificial Intelligence in the web real time communication solutions that are aimed towards the offering of quality services to the users is expected to provide lucrative opportunities to this market.

Finally, the soaring expenditure on ICT development predominantly in the developing countries is expected to widen the consumer base for web real time communication market.

Trends

At present North America holds a dominant position in the web real time communication market and is expected to continue its domination in the forecast period. This progress can be traced back to the presence of some the leading players of this market in the region, the upsurge in the virtual meetings, the availability of high-speed internet connectivity and finally the fact that that the companies have first mover advantage in absorption of technological advancement. Asia Pacific region is estimated to evolve as the fastest growing region in this market in the forecast period. Owing to the broadening base of internet users, rapid growth and development of nations in this region and the massive efforts of the government of different regions towards the attainment of digitalization. Globally, the web real time communication market is projected to grow at a CAGR of 43.4% in the forecast period.

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Segment Covered:

This market intelligence report on the global Web Real-Time Communication Market encompasses market segments based on component, enabled devices, end user and country.

           By Component the global Web Real-Time Communication Market has been divided into:

 

q  Services

q  Solutions

o   Message & File Sharing

o   Video Calling & Conference

o   Voice Calling & Conference

o   Others

           By Enabled Devices the global Web Real-Time Communication Market has been divided into:

 

q  PCs

q  Smartphones & Tablets

q  Others

            By End User the global Web Real-Time Communication Market has been divided into:

 

q  Healthcare

q  Media & Entertainment

q  IT & Telecom

q  BFSI

q  Telecom

q  Others

 

             By country/region, the global Web Real-Time Communication Market has been divided into:

 

q  North America (the U.S., Canada),

q  Latin America (Brazil, Mexico, Argentina and other countries),

q  Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),

q  Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),

q  Middle East and Africa (GCC, South Africa, Israel and Other countries).

Profiling of Market Players:

This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:

q  Avaya Inc

q  Cisco Systems Inc

q  Haivision

q  IBM Corporation

q  Oracle Corporation

q  TokBox Inc

q  Dialogic Corporation

q  Plivo Inc

q  Plantronics, Inc

q  Quobis

others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Web Real-Time Communication Market related investment & spending and developments by major players of the market are tracked in this global report.

 

Report Highlights:

In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter's five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.

Few Recent Developments

Haivision

In April 2017, KB 4K encoder was launched by Haivision. It is charged with Intel Visual Compute Accelerator 2 which will further power Nokia’s OZO Reality Platform.

 

Cisco Systems

 

In September 2019, announcement with regard to the acquisition of Voicea providing real-time solutions was made by Cisco Systems. This acquisition was aimed at enhancing the Webex portfolio of Cisco Systems.

Salient Features:

Ø This study offers comprehensive yet detailed analysis of the Web Real-Time Communication Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year

Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market

Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook

Ø Profiling of key market players in the world Web Real-Time Communication Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview

Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation

Ø The world market for Web Real-Time Communication caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Web Real-Time Communication Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants

Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports

Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation

Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion

Reasons to buy:

v Identify opportunities and plan strategies by having a strong understanding of the investment opportunities in the Web Real-Time Communication Market

v Identification of key factors driving investment opportunities in the Web Real-Time Communication Market

v Facilitate decision-making based on strong historic and forecast data

v Position yourself to gain the maximum advantage of the industry’s growth potential

v Develop strategies based on the latest regulatory events

v Identify key partners and business development avenues

v Respond to your competitors’ business structure, strategy and prospects

v Identify key strengths and weaknesses of important market participants

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