WebRTC Market - Size, Share, Growth, Trends and Forecast 2017 - 2025

Albany, NY -- (SBWire) -- 02/27/2019 --The global webRTC market, which reached US$10.71 bn in 2016, will expand at a CAGR of 24.30% during the period from 2017 to 2025 and attain an opportunity worth US$81.52 bn by the end of the forecast period. Video webRTC solutions have been enjoying a stronger demand across the world compared to other solutions, thanks to their expanding application range. Analysts expect this scenario to continue like this throughout the period of the forecast.

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"The increasing popularity of IP multimedia subsystems (IMS) is having the most prominent impact on the uptake of webRTC solutions," states the author of the study. IMSs offer standardization of voice call services through IP packet switched network across the telecommunication industry. With the emergence of 4G LTE, the uptake of Voice over LTE (VoLTE) and rich communication services is likely to increase considerably among mobile users in the coming years.

Since webRTC operates on IP based systems, mobile network operators, nowadays, have begun to use webRTC solutions to leverage the adoption of VoLTE among their end users, which is likely to boost this market significantly over the forecast period. Apart from this, the ease of usage and device compatibility are also projected to reflect positively on this market in the near future.

Voice, video, and data sharing are the key webRTC solutions provided by market players across the world. The demand for video webRTC solutions is higher than other types of solutions. This segment led the global market with a share of more than 57% in 2016 and is projected to remain so over the forthcoming years, owing to its increasing uptake in a number of telecom and IT based end-use applications. The data sharing segment is also expected to witness substantial growth in the years to come.

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Browser, mobile, and unified communication are the main platforms on which webRTC solutions can be run. With the significantly high user base of mobile phones, the mobile platform has been leading this market and is anticipated to continue like this over the next few years. Unified communication platform is also anticipated to report a steady rise in the near future.