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WEB REAL-TIME COMMUNICATION MARKET ANALYSIS

Web Real-Time Communication Market, By Product Type (Solution and Services), By Solution (Video Calling & Conference, Voice Calling & Conference, Messaging & File Sharing, Social Networking, and Gaming), By Service (Consulting Services, Implementation & Integration Services, and Others), By End-user Industry (IT & Telecom, Media & Entertainment, Banking, Finance Services and Insurance (BFSI), Retail & Consumer Goods, Public Sector & Education, Healthcare, Transportation & Logistics, and Others), and By Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

  • To Be Published : Nov 2024
  • Code : CMI1194
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

Regional Analysis

Web Real-Time Communication Market: Regional Insights

The global web real-time communication market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for web real-time communication in North America accounted for the largest share in the global market in 2016. Growth in the region is attributed to the advanced technology and internet infrastructure, rising number of social media users in North America. For instance, according to Coherent Market Insights’ analysis, Facebook has the most active users about 1.860 billion per month. That is around 22% of the world’s population. In 2016 total, smartphone users in North America increased to about 78% from about 60% in 2015. Hence, increase in smartphone utilization will proportionally increase demand for internet connectivity. North America is the leading market for 5G network infrastructure technology. This is due to presence of key market player such as T-Mobile, which is planning to establish 5G network infrastructure in the U.S. Additionally, AT&T and Verizon Communication have already successfully completed 5G trial and are expected to deploy it by 2023. These factors are leading to increasing demand for real-time communication in this region.

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