Web Real Time Communications Market – Global Market Insights, Size, Share, Trends, Outlook, and Opportunity Analysis, 2019–2023


Posted April 9, 2020 by mandar

The Web Real Time Communications Global Market is expected to reach approximately USD 10 billion by the end of 2023 with 44% CAGR during forecast period 2017-2023.

 
Web Real Time Communications Market Highlights

The Web Real Time Communications Global Market is expected to reach approximately USD 10 billion by the end of 2023 with 44% CAGR during forecast period 2017-2023. The factors contributing to the growth of the web real time communications industry are increasing demand for secure mode of communications, rising demand from enterprise to improve customer relationship management, increasing implementation of these solutions in the healthcare sector and growing demand for better communication solutions. Geographically, North-America accounted for the largest market share in the global web real time communications market, whereas Asia-Pacific is expected to grow at a fast pace over the forecast period, 2017-2023.

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Web real time communication can be explained as a mode of telecommunications or protocols which look for embed real-time voice, text and video communications abilities through web browsers. It enables communications to be done easily between individuals through a browser. This particular mode of telecommunications run on java script application. The factors contributing to the growth of the web real time communications market are increasing demand for secure mode of communications, rising demand from enterprise to improve customer relationship management, increasing implementation of these solutions in the healthcare sector and growing demand for better communication solutions.

Web Real Time Communications Market Key Players

The key players in the global web real time communications market include- AT&T (U.S.), Apidaze (France), Avaya, Inc. (U.S.), Cafex Communications, Inc. (U.S.), Cisco Systems, Inc. (U.S.), Dialogic, Inc. (U.S.), TokBox, Inc. (U.S.), Polycom, Inc. (U.S.), Oracle (U.S.), Twilio, Inc. (U.S.), GENBAND Inc. (U.S.), and Quobis (Spain) among others.

Web Real Time Communications Market segments

According to Market Research Future, market has been segmented into type, organization size, vertical and region

On the basis of vertical, the market has been segmented into IT & telecommunications, healthcare, media & entertainment, BFSI, retail, government and transportation among others. Out of these verticals, IT & Telecommunications segment accounted for the largest market share majorly due to advanced technologies with the existing infrastructure, delivering real-time solutions to customers and eliminates various complexities

The healthcare segment is expected to grow at a fast pace over the forecast period, 2017-2023. The reason is attributed to increasing reliability on telehealth and telemedicine to access information anytime and increasing demand for online health checkups.

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Web Real Time Communications Market Regional Analysis-

Regionally, North-America accounted for the largest market share, owing to increased adoption of new technological solutions, development in the internet infrastructure, increasing demand for better operational efficiency and the strong presence of solution providers. Countries such as U.S and Canada contributes largely to the growth of the market. The market is expected to grow in the North-American region with a largest market share is expected to gain a CAGR over the forecast period.

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Categories Business , Semiconductors , Technology
Tags web real time communications market
Last Updated April 9, 2020