WebRTC Market Size, Share, Trends, Growth 2032

WebRTC Market Insights

According to a report from Zion Market Research, the global WebRTC Market was valued at USD 8.38 Billion in 2023 and is projected to hit USD 125.96 Billion by 2032, with a compound annual growth rate (CAGR) of 35.14% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the WebRTC Market industry over the next decade.

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The report gives a transparent view of the WebRTC market. We have included a detailed competitive scenario and portfolio of the leading vendors operating in the WebRTC market. To understand the competitive landscape in the WebRTC market, an analysis of Porter’s Five Forces model for the market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global WebRTC Market: Growth Factors

WebRTC provides live streaming of various sports and other entertainment events and does not require plugins to work. With the growing number of smartphone and tablet users, WebRTC providers are focusing on offering mobile solutions with advanced features. It is estimated that the global number of smartphone users will reach around 2.5 billion in 2019 from 2.1 billion in 2016. Furthermore, various companies are focusing on developing more efficient web-based IPTV (Internet Protocol TV) by using WebRTC and P2PSP (Peer-to-Peer Straightforward Protocol) together. 

The rising use of online platforms for shopping has led to the demand for solutions that offer real-time information to retailers and customers. The WebRTC market is likely to witness significant growth in the future, owing to the increasing demand for real-time information collection. Retail websites that are powered with WebRTC help retailers to assist online customers with quicker reviews and improved guidance to purchase products from any location. However, the lack of standardization may be a major drawback for the global WebRTC market in the future. Digitalization in the Asia Pacific region is anticipated to open new growth opportunities for the WebRTC market over the forecast time period.

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Global WebRTC Market: Segmentation

The WebRTC market is segmented on the basis of the solution, service, and end-use industry.

By solution, the global WebRTC market includes gaming, messaging and file sharing, social networking, video calling and conference, and voice calling and conference. The video calling and conference segment is anticipated to hold a considerable share of the WebRTC market in the future, owing to its rising use in organizations with multiple offices across the world.

Consulting services, implementation and integration services, and others form the service segment of the global WebRTC market.

The end-use industry segment includes retail, BFSI, IT and telecom, healthcare, government sector, media and entertainment, and others. 

WebRTC Market: Report Scope

Global WebRTC Market: Regional Analysis

The regional segment of the WebRTC market comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe with further division into the U.S., Canada, Mexico, UK, France, Germany, Italy, Spain, the Netherlands, Russia, China, Japan, India, Australia, South Korea, Brazil, Argentina, etc.

North America is expected to hold a substantial share of the global WebRTC market over the forecast timeframe. The U.S. is a major contributor to the North American market, owing to the increasing adoption of WebRTC by the IT and telecom industry. Furthermore, the presence of various market players, such as Cisco Systems, Inc., Oracle Corporation, and AT&T, Inc., in the region is expected to further drive the WebRTC market in North America in the upcoming years. Europe is anticipated to witness a momentous rise in the demand for WebRTC solutions over the estimated timeframe, due to the increasing WebRTC solutions demand by the BFSI sector. Numerous banks in the UK and Germany have increased their communication technology expenditure in the past few years, which, in turn, is also projected to drive European WebRTC market in the years ahead.

Global WebRTC Market: Competitive Players

The major players in the global WebRTC market are:

• Apidaze
• Oracle Corporation
• AT&T, Inc
• Avaya, Inc
• Cafex Communications, Inc
• Cisco Systems, Inc
• Dialogic Corporation
• GENBAND Inc
• Polycom, Inc
• Quobis

This report segments the global WebRTC market into:

Global WebRTC Market: Solution Analysis

• Gaming
• Messaging and File Sharing
• Social Networking
• Video Calling and Conference
• Voice Calling and Conference

Global WebRTC Market: Service Analysis

• Consulting Services
• Implementation and Integration Services
• Others

Global WebRTC Market: End-Use Industry Analysis

• Retail
• BFSI
• IT and Telecom
• Healthcare
• Government Sector
• Media and Entertainment
• Others

Global WebRTC Market: Regional Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa