NEW YORK, November 30, 2022 /PRNewswire/ —
The major players in the real-time web communication market are Avaya Inc, CafeX Communications Inc, Cisco Systems Inc, Dialogic Corporation, Google LLC, Oracle, Plivo Inc, Mitel Networks Corp, Ribbon Communications Operating Company Inc, Quobis, Sangoma, Vonage America LLC, Tokbox Inc, TWILIO INC, International Business Machines Corporation, Temasys Communications Pte Ltd, Apple Inc and Microsoft.
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The global real-time web communication market is expected to grow from $4.19 billion in 2021 for $6.05 billion in 2022 at a compound annual growth rate (CAGR) of 44.37%. The Russia–Ukraine the war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. The real-time web communication market is expected to reach $27.25 billion in 2026 at a compound annual growth rate (CAGR) of 45.66%.
The real-time web communication market includes sales of real-time web communication by entities (organizations, individual merchants, and partnerships) that are used for real-time data transfer for communications without the need for an interface custom, special software and additional plugins for integration.Web Real-Time Communication (WebRTC) is an open source project developed to integrate real-time video, voice, confession, messaging and other functionalities through JavaScript APIs in web browsers.
It provides browser-to-browser communications without the need for additional plugins/utilities.
The main components of real-time web communication are the solution and the service. The solution refers to the development of real-time communication for various businesses to facilitate digital interaction.
The real-time web communication solution offers voice calls, video calls, conferences, messaging, file sharing and more within organizations. Devices compatible with real-time web communication are mobiles, desktops and tablets.
These communications software solutions or services can be deployed in the cloud or on-premises. It is used by small, medium and large enterprises in information technology (IT) and telecommunications, banking, financial services and insurance (BFSI), government and defense, healthcare, retail, media and entertainment and others.
North America was the largest region in the real-time web communication market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Real-Time Web Communication market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing popularity of BYOD will propel the growth of the real-time web communication market. BYOD is when employees connect to the organization’s network and access what they need to do their jobs using their personal devices such as smartphones, tablets, computers, laptops . , and others.
BYOD is aided by real-time web communication as it connects browser to browser without additional plug-ins/utilities. are positive about BYOD.
Hence, the increasing adoption of BYOD policy in enterprises is driving the real-time web communication market.
New product innovation is the key trend gaining popularity in the real-time web communication market. Major companies operating in the real-time web communication market are focusing on researching and developing product innovations that could offer better solutions to customers and strengthen their market positioning.
For example, in November 2020Ribbon Communications Operating Company Inc, an American company active in real-time web communication, has launched a new [email protected] cloud-based solution, to respond to the wave of telecommuting for remote work in partnership with UnifiedCommunications.com. [email protected] The solution provides offices with remote work functionality that includes video, screen sharing, chat, and other features. UnifiedCommunications.com is a United States-based company operating in real-time web communication.
In January 2020Enghouse Systems Limited, a Canadaa software company based in various verticals, including real-time web communication, has acquired Dialogic Corporation for $52.0 million. With this acquisition, Enghouse Systems Limited aims to strengthen its multimedia processing product portfolio and gain an edge in the enterprise video and unified communications market. Dialogic Corporation is a United States-based company operating in real-time web communication.
Countries covered in the Real-Time Web Communication Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South KoreaUK and UNITED STATES.
The Real-Time Web Communication Market research report is one of a series of new reports that provide statistics on the Real-Time Web Communication market, including the global market size of the Real-Time Web Communication industry. Real-time Web Communication, regional shares, competitors with Real-time Web Communication market share, detail Real-time Web Communication market segments, market trends and opportunities, and any other data you might need to thrive in the real-time web communication industry. This Real-Time Web Communication Market research report offers a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
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