| Source: Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Aug. 30, 2022 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – In 2021, the value of global WebRTC market stood at US$ 4.30 Bn. The web real-time communication market statistics forecast the market to progress at a CAGR of 35.30% during the forecast period, from 2022 to 2031. The global WebRTC market size is anticipated to touch value of US$ 87.84 Bn by 2031. WebRTC solutions are integrated by providers of unified communication and VoIP services and solutions to empower their clients with web-based real-time communication tools including video conferencing, voice calling, and messaging. In the near future, businesses including smart manufacturing, connected vehicles, and telecoms can utilize WebRTC coupled with 5G technology. Smart factories can make decisions in real-time owing to WebRTC’s secure communication, interoperability, and flexibility features as well as its high bandwidth and low latency. As a result, performance and process effectiveness rise.
In order to make sure that data, audio, and video, audio, and data are transferred seamlessly, WebRTC uses a number of codecs that are compatible with the HTML, TCP/IP, and HTTP protocols. WebRTC technologies can also be built into contemporary web browsers like Microsoft Edge, Google Chrome, Mozilla Firefox, and Opera.
By 2022, North America is predicted to have a leading proportion of the global WebRTC market. The proliferation of and developments in network and communication technologies is expected to propel the regional WebRTC market. The need for low-cost, safe, and reliable communication and also virtual meeting solutions are growing, which is expected to accelerate uptake of WebRTC video services in the region.
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Key Findings of Market Report
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Global WebRTC Market: Growth Drivers
Global WebRTC Market: Key Players
Some of the key market players are
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Global WebRTC Market: Segmentation
Component
End Use
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