Web Real-Time Communication Market Size, Share Report 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Web Real-Time Communication Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global web real-time communication market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the web real-time communication market?

The global web real-time communication market size reached US$ 6.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 48.7 Billion by 2028, exhibiting a growth rate (CAGR) of 41.3% during 2023-2028.

What is web real-time communication?

Genomics is the study of the structure of the genome that contains non-coding DNA, genes, chloroplast, and mitochondrial DNA. It is employed to prevent, manage, and treat diseases. Genomics aims to understand the mapping of the genes and sequence the DNA by examining the molecular mechanisms and the interplay of genetic and environmental factors in diseases. Genomics is also instrumental in solving complex genetic problems, and the examination of the biological functions of individual genes is a common process in medical and biological research. As a result, genomics finds application in diagnostics, drug discovery, development of precision medicine, and agricultural research.

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What are the growth prospects and trends in the web real-time communication industry?

The market is primarily driven by the growing demand for personalized medicine to provide effective treatment. Genomics is also used in the agricultural sector to produce genetically modified (GM) plants and organisms. Besides this, the introduction of microarrays and DNA technologies backed by genomics is attracting extensive investment from government and private agencies. Along with this, governments of various countries are promoting research and development activities in the field of genomics, which, in turn, is providing a favorable market outlook. In addition to this, the rising incidences of chronic diseases and cancer have resulted in the growing adoption of non-invasive cancer screening-based research, thereby propelling the market growth. Moreover, the advent of next-generation sequencing technology has enabled the development of life-science databases and projects to support scientific research, which is propelling the market growth. Looking forward, the market is expected to grow at a CAGR of 41.3% during the forecast period (2023-2028).

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

• Solution
  • Voice Calling and Conferencing
  • Video Calling and Conferencing 
  • Message and File Sharing
  • Others
• Services

Breakup by WebRTC-Enabled Devices:

• Mobile
• Desktop
• Tablet
• Others

Breakup by Vertical:

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

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• AT&T Inc.
• Avaya Inc.
• Cisco Systems Inc.
• Dialogic Corporation (Enghouse Systems Limited)
• Oracle Corporation
• Plivo Inc.
• Polycom Inc. (Plantronics Inc.)
• Quobis
• Ribbon Communications Operating Company Inc.
• Sangoma Technologies Corporation
• Twilio Inc.
• Vonage Holdings Corp.

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