LONDON–(BUSINESS WIRE)–Technavio has been monitoring the web real time communication market and it is poised to grow by $ 16.01 bn during 2020-2024, progressing at a CAGR of almost 46% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Frequently Asked Questions:
What are the major trends in the market?
Increased adoption of BYOD concept is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 44.23% and the incremental growth of the market is anticipated to be $ 16.01 billion.
Who are the top players in the market?
Alphabet Inc., Apple Inc., AT&T Inc., Avaya Holdings Corp., Cisco Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp, are some of the major market participants.
What is the key market driver?
The increasing Internet penetration is one of the major factors driving the market.
How big is the North America market?
The North America region will contribute 36% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alphabet Inc., Apple Inc., AT&T Inc., Avaya Holdings Corp., Cisco Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp. are some of the major market participants. The increasing Internet penetration will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Web Real Time Communication Market 2020-2024: Segmentation
Web Real Time Communication Market is segmented as below:
- North America
- South America
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Web Real Time Communication Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The web real time communication market report covers the following areas:
- Web Real Time Communication Market Size
- Web Real Time Communication Market Trends
- Web Real Time Communication Market Industry Analysis
This study identifies the increased adoption of BYOD concept as one of the prime reasons driving the web real time communication market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Web Real Time Communication Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist web real time communication market growth during the next five years
- Estimation of the web real time communication market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the web real time communication market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of web real time communication market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Video – Market size and forecast 2019-2024
- Voice – Market size and forecast 2019-2024
- Data sharing – Market size and forecast 2019-2024
- Market opportunity by Application
Market Segmentation by Platform
- Market segments
- Comparison by Platform
- Browser – Market size and forecast 2019-2024
- Mobile – Market size and forecast 2019-2024
- UC – Market size and forecast 2019-2024
- Market opportunity by Platform
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers – Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Alphabet Inc.
- Apple Inc.
- AT&T Inc.
- Avaya Holdings Corp.
- Cisco Systems Inc.
- Dialogic Corp.
- International Business Machines Corp.
- Microsoft Corp.
- Ribbon Communications Inc.
- Vonage Holdings Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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