Web Real Time Communications Market size : 2020 Global Industry Analysis, Size, Growth, Trends, Emerging Technology And Forecasts to 2023


Posted April 2, 2020 by mandar

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

 
The Global Web Real Time Communications 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 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.

Global Web Real Time Communications Market, By Type (Solutions, Services) By Organization size (Large, Small, Medium), By Vertical (IT & Telecommunications, Media & Entertainment)- Forecast 2023

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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.

Market Highlights

The growth of the web real time communications market is influenced by the growing demand for security solutions, growing demand for installation of these solutions in various organizations and increasing need for better video & audio system. The global web real time communications market is a very dynamic market and is expected to witness stable growth over the forecast period. Furthermore, high implementation of web real time communications in various sectors is expected to boost the market over the forecast period. However, the privacy issues of these system is hindering the growth of the web real time communication market. 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.

Web Real Time Communications Market

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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Market Research Future Analysis

The global web real time communications market is expected to grow significantly over the forecast period, 2017-2023. IT & telecommunications segment of web real time communications market globally drives the market majorly due to increasing demand for innovative technologies. The market is expected to have higher growth rate as compared to the previous years.

Asia-Pacific region expected to grow at a fast pace over the forecast period, 2017-2023. Countries such as India, China and Japan contributes largely to the overall growth of the market, majorly due to the increasing demand for web based video & audio communications and increasing implementations of these systems in small & medium businesses in this region. Web real time communications market is focusing to serve customer requirements efficiently and provide real time data.

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.

TABLE OF CONTENTS

1 Market Introduction

1.1 Introduction

1.2 Scope Of Study

1.2.1 Research Objective

1.2.2 Assumptions

1.2.3 Limitations

Continued…

LIST OF TABLES

Table 1 Web Real Time Communications Market, By Type

Table 2 Web Real Time Communications Market, By Organization Size

Table 3 Web Real Time Communications Market, By Vertical

Continued…

LIST OF FIGURES

Figure 1 Research Methodology

Figure 2 Web Real Time Communications Market, By Type (%)

Figure 3 Web Real Time Communications Market, By Organization Size (%)

Continued…

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Categories Business , Semiconductors , Technology
Tags web real time communications market share
Last Updated April 2, 2020