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.
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.
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