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Global Web-Based Real-Time Communication Market Driven By Increasing Demand For Real-Time Communication

Press Release   •   Feb 09, 2017 15:17 IST

MarketResearchReports.biz has announced the addition of the report, titled “Global Web-Based Real-Time Communication Market 2016-2020.” According to this study, the global web-based real-time (WebRTC) market will progress at a remarkable CAGR of 36.02% during the forecast period from 2016 to 2020.

The research study offers a 360-degree view of the global web-based real-time (WebRTC) market. It begins with an executive summary and then elaborates on the scope of the report. The next section provides an overview of the market with the offerings from top vendors. Furthermore, the study lays out the market research methodology, research methodology, and the economic indicators of the global web-based real-time (WebRTC) market. In the following sections, the report covers the key market insights and the market’s competitive landscape.

Web-based real-time communication (WebRTC) is a type of communication technology. It provides browsers and mobile applications with real-time communication. These include: video conferencing, voice calling, and P2P file sharing. In P2P file sharing eliminates the need to download a special software application or any browser plugins. Several prominent browsers such as Mozilla, Google, and Opera support this technology. Moreover, mobile platforms including iOS and Android support web-based real-time communication (WebRTC).

According to the report, the global web-based real-time (WebRTC) market is projected to expand exponentially in the coming years. The key driver for the global web-based real-time (WebRTC) market is the increasing demand for real-time communications. Real-time communication is one of the powerful modes to achieve better insights on consumer demand and feedback. This data derived with the help of real-time communications helps firms enhance and customize their services and products to meet the needs of their consumers.

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The increasing demand from businesses to communicate with their consumers in real time to gain a competitive edge in today’s market is significantly impacting the global web-based real-time (WebRTC) market. The real-time data extracted allows businesses to improve customer retention and loyalty. Furthermore, it also allows companies to gain new consumers.

On the flip side, the lack of awareness about the WebRTC technology is challenging the global web-based real-time market. Several businesses are not deploying this technology due to the lack of awareness. Besides these drivers and restraints, the research study on the global web-based real-time market offers an extensive evaluation of the other key market drivers and challenges. Moreover, the report also offers valuable recommendations to help companies overcome the key challenges they experience in the global web-based real-time (WebRTC) market.

The rising adoption of WebRTC mobile apps is expected to shape the global web-based real-time market significantly in the forthcoming years. This trend will offer good growth opportunities to players operating in the global web-based real-time (WebRTC) market. The global web-based real-time market is marked by the presence of several big companies such as Mozilla, Google, and Cisco and several other small and medium businesses (SMBs).

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