WEB REAL-TIME COMMUNICATION SOLUTION MARKET ANALYSIS

Web Real-Time Communication Solution MarketSize and Trends

The global web real-time communication solution market was valued at US$ 2.82 Bn in 2022 and is expected to exhibit a CAGR of 36.2% during the forecast period (2023-2030).

Global Web Real-Time Communication Solution Market-Trends

Advent of advanced WebRTC services and platforms

Key companies in the market are involved in launching enhanced WebRTC platforms and services to expand their service portfolio and gain a competitive advantage in the market. For instance, BrainCert, an all-in-one training platform with built-in virtual classroom introduced the first WebRTC-based HTML5 Virtual Classroom in 50 languages. Moreover, key market players are focused on introducing industry vertical-specific WebRTC solutions, in order to enhance their market presence.

Emergence of virtual learning

Technological advancements have transformed the education sector with the inclusion of e-learning and virtual classrooms. Presently, various educational institutions are adopting WebRTC platforms to provide real-time audio & video communication and messaging capabilities to their existing learning system. Moreover, key players in the market are focused on providing virtual-specific WebRTC in order to gain a competitive edge in the near future. Instance for emergence of virtual learning and the utilization of WebRTC solutions is the widespread adoption of online education platforms during the COVID-19 pandemic.

Example is the platform called Coursera. Coursera is an online learning platform that offers a wide range of courses from top universities and institutions around the world. With the onset of the pandemic and the closure of educational institutions, Coursera experienced a significant increase in enrollment as individuals sought to continue their education