Report: Video Conferencing Fueling the Adoption of WebRTC Solutions
As most in the industry suspected, growth of the global WebRTC solution market is mainly driven by rising demand for real-time communications. Now that suspicion has been confirmed by a new report indicating that the rise of conferencing in the enterprise is also fueling WebRTC solutions growth as well.
The report, "Web Real-time Communication Solution Market: Global Industry Analysis and Opportunity Assessment, 2015-2025" shows that the global WebRTC solutions market is projected to expand at a CAGR of 45.2 percent during the forecast period due to various factors.
Those factors looked at public cloud, private cloud and hybrid cloud segments, and not surprisingly, the hybrid cloud segment is anticipated to expand at the highest CAGR of 48.6 percent during the forecast period. In contrast, the private cloud segment is projected to dominate the global WebRTC solution market with 52.6 percent share by the end of 2025.
“Application wise, the market has been segmented into social networking, gaming, voice calling, video conferencing and others,” the report’s authors at Future Market Insights noted. “Among applications, the video conferencing segment dominated the market with 44.3 percent share in 2014 and is projected to continue its dominance, accounting for 50.3 percent share of the overall market by the end of 2025.
The growth of the global WebRTC solution market is mainly driven by rising demand for real-time communication, increasing number of Internet and social networking users, growing focus on enhancing customer experience and widening application areas of these solutions.
“Additionally, WebRTC solutions and services providers are focusing on the introduction of advanced developer tools for enhancement of WebRTC APIs in order to enable easy development of real-time multimedia web apps,” the report notes.
Some of the key players identified by the report in the global WebRTC solution market are Avaya, Google, Cisco Systems, IBM and Huawei Technologies, among others.
Edited by Stefania Viscusi