The global web real-time communication market is anticipated to grow at a potential CAGR during the forecast period. Web real-time communication (WebRTC) uses basic application programming interfaces to enable real-time communication between browser and mobile applications. Embedding RTC inside web applications improves the user experience and lowers expenses by eliminating the need to install additional plugins. As a result, the webification of RTC is expected to be a primary driver for market growth. Numerous corporate events, trade exhibits, international seminars, and investment presentations have been cancelled as a result of the COVID-19 epidemic. As a result, the hosts of these events have chosen video conferencing as a means of communication.

Furthermore, work-from-home laws have resulted in a higher need for RTC solutions, which has boosted the market growth. In many nations, strict lockdown measures have been enacted, as a result of which schools are projected to remain closed which is leading to increasing demand for e-learning. Additionally, the demand for file sharing through the internet and online education is projected to drive the market in the near future.

During the forecast period, the growing number of internet users is expected to have a favorable impact on the market. According to the International Telecommunication Union (ITU), 53.6% of the global population has an internet connection in 2019, up from 51.4% in 2018. The market is expected to rise as internet penetration increases. Furthermore, the introduction of 5G technology will enable broadcasting service providers to use WebRTC to improve their business in areas such as e-sports streaming, personal broadcasting, interactive advertising, and instructional broadcasting. This, in turn, is offering an opportunity for market growth.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Component

o By End-User

• Competitive Landscape: AT&T Inc., Avaya Inc., Cisco Systems Inc., Oracle Corp., among others
  

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Web Real-Time Communication Market Segmentation

By Component

• Solutions

• Services

By Vertical

• BFSI

• Healthcare and Retail

• Telecom & IT

• Government and Defense

• Others

Global Web Real Time Communication Market, Segmentation By Region