WebRTC Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032

WebRTC Market Highlights

• Global WebRTC market revenue is poised to garner USD 110.2 billion by 2032 with a CAGR of 33.6% from 2023 to 2032
• North America WebRTC market value occupied around USD 2.6 billion in 2022
• Asia-Pacific WebRTC market growth will record a CAGR of more than 35% from 2023 to 2032
• Among component, the solutions sub-segment generated more that USD 4.5 billion revenue in 2022
• Based on industry vertical, the IT & telecom sub-segment generated around 33% share in 2022
• Increasing awareness and education about the benefits of WebRTC is a popular WebRTC market trend that fuels the industry demand

Web real-time communication (WebRTC) is an open-source online application that supports browser-to-browser real-time communication. It is an open-source application programming interface (API) initiated by the World Wide Web Consortium (W3C). WebRTC is compatible with HTML, TCP/IP, and HTTP protocols, and it uses various codecs for the smooth exchange of voice, video, and data. Currently, WebRTC communication is supported by Google Chrome, Mozilla Firefox, Opera, and Microsoft Edge.

The global demand for WebRTC is expected to increase significantly due to its growing applications in end-use sectors such as telecom, IT, e-commerce, and others. The market is projected to experience substantial revenue growth in the coming years. However, it is expected to grow at a slower rate due to end-users reluctance to adopt/implement WebRTC. WebRTC provides a time-efficient, easily accessible, and encrypted business communication system. Being an open-source API, it can be easily accessed by application developers, leading to widespread adoption for developing communication solutions at a lower cost compared to traditional systems.

WebRTC is platform and device-independent, making it attractive to a global audience. Recently, there has been an increase in the number of WebRTC users in mobile applications. For example, Snapchat, with over 60 million daily active users, utilizes WebRTC to power its video calling feature. It does not have a web application for its core features.

Global WebRTC Market Dynamics

Market Drivers

• Growing demand for real-time communication solutions
• Increased adoption of WebRTC for cost-effective communication solutions
• Compatibility with major browsers such as Google Chrome, Mozilla Firefox, Opera, and Microsoft Edge
• Rising applications in diverse sectors like telecom, IT, and e-commerce

Market Restraints

• Initial hesitance from end-users for WebRTC adoption
• Integration complexity and security concerns
• Limited support from certain web browsers and platforms

Market Opportunities

• Expanding use of WebRTC in mobile applications
• Continuous advancements and updates in WebRTC technology
• Growing demand for encrypted and secure business communication solutions

WebRTC Market Report Coverage

WebRTC Market Insights

The WebRTC market is expected to be driven by the demand for real-time communication applications. Real-time communication (RTC) defines methods for delivering interactive voice, video, and data on demand continuously. It provides the functionalities of both data communications and telecommunications in new contexts and platforms, with mobile becoming the prevalent mode. In recent times, real-time Internet applications have been developed to meet quality of service (QoS) requirements. For real-time media, application designers are primarily concerned with temporal properties such as jitter, delay, bandwidth, and synchronization, and reliability properties such as ordered delivery, error-free delivery, and fairness.

The growing utilization of online platforms for shopping has spurred the demand for solutions that provide real-time information to both retailers and customers. The WebRTC market is expected to experience significant growth in the future due to the increasing need for real-time data collection. Retail websites powered by WebRTC assist retailers in offering quicker reviews and enhanced guidance to online customers from any location. However, the rising incidents of cyber attacks pose a threat to the growth of the WebRTC market. On the other hand, the increasing adoption of the Internet of Things (IoT) is projected to open new avenues for growth in the web real time communication over the WebRTC industry forecast period.

To achieve such efficiency, businesses worldwide are focusing on introducing real-time communication applications that can provide various advantages, such as network reliability, security, efficiency, timeliness, and collaboration. Additionally, an increase in security budgets is driving the WebRTC market. In the modern era, almost all industry verticals require computers and the internet to execute their work. The rise in internet usage leads to data breaches and attracts cyber-attacks on end-users. With high internet penetration in recent times, there has been an increase in data theft, identity theft, and the use of ransomware. A significant limitation of the web real-time communication (WebRTC) market is interoperability challenges and intense competition. Nevertheless, an increase in demand for cloud communication is expected to offer opportunities for the WebRTC market.

WebRTC Market Segmentation

The worldwide market for WebRTC is split based on component, enabled device, industry vertical, and geography.

Web Real-Time Communication Market By Components

• Solutions
  • Voice Calling & Conference
  • Video Calling & Conference
  • Message & File Sharing
  • Others
• Services

Accordning to the WebRTC industry analysis, with the most share, the solutions category leads the market. The reason for this domination is that WebRTC solutions play a vital role in enabling real-time communication. These technologies promote improved client engagement and cooperation by facilitating smooth file transfers, screen sharing, and voice and video communication. The growing need for individualised and interactive communication experiences in a variety of industries has led to significant growth in the Solutions segment, which has cemented its place as a major player in the WebRTC market.

Web Real-Time Communication Market By Enabled Devices

• Mobile
• Desktop
• Tablet
• Others

As the WebRTC market grows significantly, the mobile sector remains the largest. Both the growing popularity of smartphones and the need for real-time mobile communication are the main drivers of this prominence. WebRTC integration is essential since mobile devices are becoming more and more common and there is an increasing demand for seamless audio and video collaboration while on the go. Contributing considerably to the overall growth and domination of the WebRTC market, the mobile segment offers a wide range of applications, such as mobile conferencing, customer support, and collaboration tools.

Web Real-Time Communication Market By Industry Verticals

• BFSI
• Retail
• IT & Telecom
• Public Sector
• Media & Entertainment
• Manufacturing
• Healthcare
• Others

The WebRTC market is dominated by the IT & Telecom industry, which comes in at the top. This supremacy is fueled by the industry's ongoing demand for effective, instantaneous communication solutions. WebRTC is essential for improving communication, teamwork, and customer service in the IT and telecom sector. WebRTC adoption in this industry is still strong and is a major factor in its overall market share and growth, as a result of the growing need for seamless communication solutions and the increased reliance on remote work.

Web Real-Time Communication Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

WebRTC Market Regional Analysis

The North American market is expected to hold a maximum share over the WebRTC market forecast period. The U.S. plays a major role in the North American market, attributed to the increasing adoption of WebRTC by the IT and telecom industry. Telecom companies are focused on phasing out outdated business models and developing updated communication solutions to meet the latest end-user requirements. This figure is projected to increase, considering the growing use of wireless communication. According to the "CTIA," U.S. wireless technology contributed about USD 475 billion annually to the country's economy.

The Asia Pacific market is anticipated to experience fastest growth in the global WebRTC market over the estimated time period, driven by the increasing adoption of technology in the healthcare sector. India and China are considered the primary contributors to the Asia Pacific WebRTC market. Telemedicine services are rapidly expanding due to the growing number of internet users across the region.

In terms of WebRTC market analysis, the European industry is likely to be driven by the increasing adoption of technology in the retail sector over the estimated time period. WebRTC enables smooth communication between retailers and customers, enhancing retail websites by assisting online users from various locations. The surge in online sales has prompted retailers to seek solutions for maintaining effective communication with their customers. The UK is expected to be a major contributor to the regional market's growth due to the rising trend of online retail sales.

The Latin America market is expected to make significant contributions to the global WebRTC market over the estimated timeline. This regional contribution can be attributed to the increasing demand for the web-based streaming of sports. With the growing number of smartphone users in Brazil and Argentina, WebRTC providers have an excellent opportunity to offer their solutions and services across the region.

WebRTC Market Players

Some of the top WebRTC companies offered in our report includes Acano Ltd., Avaya, Inc., Cafex Communications Inc., Citrix Systems Inc., Dialogic Corporation, Frozen Mountain, Genband US LLC, Google Incorporation, Oracle Corporation, Quobis Networks, S.L, Sinch AB, TeleStax, Inc., TokBox, and Twilio.