Web Real-Time Communication (WebRTC) Market Size - By Component, Solution, Enterprise Size, Application & Forecast, 2024

Description

Global Web Real-Time Communication (WebRTC) Market will grow at 35.5% CAGR during 2024-2032, driven by the increasing adoption of cloud-based communication platforms and integration of WebRTC technology into popular web browsers.

With the global shift towards remote work arrangements, there has been a heightened demand for effective communication solutions that facilitate seamless collaboration among distributed teams. According to Notta, in 2023, remote work has surged since 2021, with a 24% increase in fully remote workers and a 16% rise in those opting for hybrid work. Currently, 16% of companies operate fully remotely, while an overwhelming 83% of the global workforce prefers the hybrid work model.

WebRTC offers real-time communication capabilities directly within web browsers, enabling employees to engage in video conferences, audio calls, and screen-sharing sessions without additional software or plugins. As organizations continue to embrace remote work as a long-term strategy, the adoption of WebRTC technology could surge, driving market growth. The trend is further fueled by the increasing preference for virtual collaboration tools that enhance productivity, streamline workflows, and foster team connectivity in remote work environments.

The Web Real-Time Communication (WebRTC) Market is classified based on component, solution, enterprise size, application, and region.

The service segment could grow significantly by 2032, driven by the increasing demand for customized communication solutions tailored to specific business requirements. Service providers are offering a comprehensive suite of services, including consulting, implementation, integration, and maintenance, to address the evolving needs of organizations seeking to leverage WebRTC technology.

The WebRTC Market share from the large enterprises segment will garner a healthy valuation by 2032, as these organizations are leveraging WebRTC solutions to enhance internal collaboration, streamline customer interactions, and improve operational efficiency. With the scalability and flexibility offered by WebRTC technology, large enterprises can integrate real-time communication capabilities into their existing systems and applications, thus empowering employees to collaborate more effectively and deliver superior customer experiences.

Asia Pacific WebRTC Market is poised to expand steadily through 2032, driven by the rapid digital transformation and increasing internet penetration across the region. Countries such as China, India, Japan, and South Korea are witnessing robust growth in the adoption of WebRTC technology, driven by the expanding smartphone user base and the growing demand for innovative communication solutions. Moreover, the proliferation of e-commerce, online gaming, and social media platforms in the region is creating new opportunities for WebRTC vendors to cater to diverse customer needs and preferences.

Product Code: 5132

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360-degree synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier Landscape
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing demand for real-time communication
  - 3.8.1.2 Rapid growth in mobile devices
  - 3.8.1.3 Rising demand for secure and robust communication solutions
  - 3.8.1.4 Growing demand for WebRTC across SMEs
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Interoperability concerns across web browsers
  - 3.8.2.2 Lack of standardization
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Component, 2018 - 2032 ($Bn)

5.1 Key trends
5.2 Solution
5.3 Service

Chapter 6 Market Estimates & Forecast, By Solution, 2018 - 2032 ($Bn)

6.1 Key trends
6.2 Voice calling & conferencing
6.3 Messaging & file sharing
6.4 Video calling & conferencing

Chapter 7 Market Estimates & Forecast, By Enterprise Size, 2018 - 2032 ($Bn)

7.1 Key trends
7.2 Large enterprise
7.3 SMEs

Chapter 8 Market Estimates & Forecast, By Application, 2018-2032 ($Bn)

8.1 Key trends
8.2 IT & telecom
8.3 BFSI
8.4 Government & defense
8.5 Healthcare
8.6 Retail
8.7 Media & entertainment
8.8 Others

Chapter 9 Market Estimates & Forecast, By Region, 2018 - 2032 ($Bn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Netherlands
- 9.3.7 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 Japan
- 9.4.3 India
- 9.4.4 ANZ
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Colombia
- 9.5.5 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Israel
- 9.6.5 Rest of MEA

Chapter 10 Company Profiles

10.1 Agora Lab, Inc.
10.2 Avaya Inc.
10.3 Cafex Communications, Inc.
10.4 Cisco System Inc.
10.5 Dialogic Corporation
10.6 Enghouse Systems Limited
10.7 Google LLC
10.8 Oracle Corporation
10.9 Oxagile, LLC
10.10 Plivo Inc.
10.11 Polycom
10.12 Quobis
10.13 Ribbon Communications US LLC
10.14 Sangoma Technologies Corporation
10.15 Temasys Communications
10.16 TWILIO INC.
10.17 Vonage Holding Corp.
10.18 WebRTC.Ventures

Web Real-Time Communication (WebRTC) Market Size - By Component, Solution, Enterprise Size, Application & Forecast, 2024 - 2032