WebRTC stands for web real-time communication, which is an Internet browser interface also considered to be 'Blue Ocean'. It recognizes a real-time communication between two Internet browsers and provides ample opportunities for WebRTC vendors. Further, WebRTC allows peer-to-peer video, data, and audio communication between the browsers without the plug-in. The key role of the WebRTC is to reduce the time needed and make the process easier for non-technical users, as it does not require frameworks and plugins. In addition, WebRTC easily adapts to varied network conditions and is interoperable with unified communications (UC) and voice over internet protocol (VoIP) solutions. This is in turn helps companies to consolidate with existing infrastructure. It also renders a better solution for customer facing businesses.
WebRTC is freely accessible worldwide which drives the web real-time communication market globally. Moreover, the WebRTC is user-interface platform and independent on device; this factor is anticipated to boost the market demand in the near future. In addition, it provides advanced video quality along with other usable functions with high security. Moreover, services sector companies such as healthcare and retail are making use of WebRTC for direct communication with customers, which in turn is expected to propel the demand in the market. However, WebRTC uses Internet platform based on public domain, in which case service quality cannot be guaranteed; this may act as market restraint in the future hampering the growth of the market.
The global WebRTC market is segmented on the basis of types of media & entertainment, retail & consumer goods, transportation & logistics, it & telecom, healthcare, public sector & education and others. The healthcare segment is the dominant segment among all in the market. Geographically, the global WebRTC market is categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
North America is comparatively a compliant market for adoption of WebRTC solutions. This region is anticipated to be the largest market across the global market owing to larger investment on R&D and technological development. Europe is expected to witness significant growth in the market in the near future. Furthermore, Asia-Pacific is also gaining considerable growth in the WebRTC market owing to its developing industrial network. The Middle East & Africa is anticipated to witness sluggish growth in future.
Some of the major key players in the global web real-time communication market are Comcast Corporation, TokBox Inc., Citrix Systems, Inc., WIRE SWISS GmbH, Sinch AB, Facebook, Screenhero, Inc., Google Inc., Talko Inc., and Twilio, Inc.
The Global WebRTC Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa