DUBLIN, April 1, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Web Real-Time Communication Market by Product Type, by Vertical (IT & Telecom, Media & Entertainment, BFSI, Retail and Consumer Goods, Public Sector & Education, Healthcare, Transportation & Logistics, Others), and by Region - Global Forecast - 2020" report to their offering.
The global web real-time communication market is expected to grow from USD 569.2 Million in 2015 to USD 4.45 Billion by 2020, at a CAGR of 50.9% during the forecast period. The growing popularity of WebRTC is attributed to the changing communication mechanism for all businesses. WebRTC plays an indispensable role in webification of communication by providing tools and applications, which facilitate direct communication with browsers. It provides secure communication at cost-effective rates, and further accelerates deployment and development of applications. All these factors are equally responsible for the increasing adoption of WebRTC solutions across SMBs and large enterprises.
Prominent players in the web real-time communication market, include Avaya, Polycom, Oracle, TokBox, Genband, and Cisco. These companies are focusing on the development of new communication solutions and applications to satisfy customer demands. This strategy has enabled these companies to develop innovative technologies for attracting new customers as well as retaining the existing customers.
The web real-time communication ecosystem comprises, browsers, API developers, and mobile & web application/services providers. Avaya Inc., Cisco Systems, Inc., Polycom, Oracle Corporation, TokBox Inc., AT&T Inc., Genband, Plivo, Twilio, and Quobis are some of the key players operating in the web real-time communication market.
Currently, the IT & telecom sector is dominating the market and this trend is expected to continue during the forecast period. The increasing demand of real-time communication in the IT & telecom sector for leveraging mobility has further enhanced the adoption of WebRTC solutions in this sector. In addition to this, there is a rising demand of WebRTC solutions that supports digital healthcare across the North American and European regions. Moreover, the transportation & logistics and public sector & education segments are expected to grow at high CAGRs during the forecast period, owing to the increasing deployment of web-based, real-time communication solutions.
New product launches and mergers & acquisitions are identified as key growth strategies adopted by leading players in this market. Key players such as TokBox, Oracle, and Polycom are focused on the development of new products or release of a new version of the existing products with improved features in order to sustain their position in the web real-time communication market. Furthermore, to enhance their product portfolios, companies are concentrating on the acquisition of popular brands in this market.
Companies such as Cisco, Avaya, Genband, Twilio, and AT&T adopted the acquisition strategy to expand their geographic reach and diversify their business offerings.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Web Real-Time Communication Market Overview
6 Industry Trends
7 Web Real-Time Communication Market, By Product Type
8 Web Real-Time Communication Market, By Vertical
9 Geographic Analysis
10 Competitive Landscape
11 Company Profiles
12 Key Innovators
- At&T Inc. - Avaya Inc. - Cisco Systems, Inc. - Genband - Google Inc. - Huawei Technologies Co. Ltd. - Oracle Corporation - Peer5, Inc. - Plivo - Polycom - Quobis - Tokbox Inc. - Twilio - Vidyo, Inc. - masys
For more information visit http://www.researchandmarkets.com/research/rjqq7x/web_realtime
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SOURCE Research and Markets