According to the research report titled ‘Global Web Real-Time Communication (WebRTC) Market Size study, by Component (Solution, Services), by WebRTC-Enabled Devices (Mobile, Desktop, Tablet, Others), by Industry Vertical (BFSI, Retail, IT & Telecom, Media & Entertainment, Manufacturing , Healthcare, Others) and Regional Forecasts 2020-2027‘, available with Market Study Report, global web real-time communication (WebRTC) market was remunerated at USD 2.75 billion in 2019 and is expected to expand with a CAGR of 41.7% during 2020-2027.
 

Various advantages such as seamless communication & coordination in companies through their existing framework, alongside voice calling, video chat, and peer-to-peer file allocation in between browsers without any support from external plugin is a major factor fueling the growth of global web real-time communication (webRTC) market.
 

It is to be noted that webRTC is an open-source API which can be adapted across different system configurations and provide real-time capabilities to browsers and mobile applications. As additional plugins are dispensable, the customer is benefited with cost reduction with better user experience. 
  

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High internet and smartphone penetration, rising ICT expenditure in developing countries, and escalating adoption of WebRTC technology across enterprises are also multiplying global web real-time communication (WebRTC) market remuneration.
 

However, absence of universal standards and growing data security & privacy concerns will restrain the market growth over 2020-2027, claims the report.
 

Based on industry vertical, worldwide web real-time communication (webRTC) industry is segmented into retail, media & entertainment, BFSI, IT & telecom, healthcare, manufacturing, and others. With regards to webRTC-enabled devices, the industry is bifurcated into mobile, tablet, desktop, and others. Speaking of component terrain, the industry is bifurcated into services, and solutions.
 

Considering geographical landscape, global web real-time communication (webRTC) market is segmented into Europe, Asia Pacific, North America, Latin America, and rest of the world. The report cites that North America is experiencing huge gains in present times mainly due to technological developments in WebRTC, and presence of leading companies in the region.
 

Meanwhile, Asia Pacific webRTC market is anticipated to grow rapidly over 2020-2027, owing to increasing demand for high-speed internet connectivity and rising utility of web-based audio & video communication.
 

Major players operating in global web real-time communication (webRTC) market landscape include Dialogic Corporation, Plantronics Inc., Quobis Networks S L, Ribbon Communications Operating Company Inc., Cisco Systems Inc., Oracle Corporation, Plivo Inc., TokBox Inc. (acquired by Vonage), Avaya Inc., and Twilio Inc.