Demand for WebRTC Market in 2022-2031

5G networks provide low latency and increased bandwidth; therefore, they are being increasingly adopted in WebRTC. Deployment of 5G in combination with WebRTC’s features – flexibility, ease of adoption, and secure & real-time communication – is creating lucrative opportunities for the WebRTC market.

5G is used as an important technology in combination with WebRTC to take real-time decisions in the connected car industry. WebRTC can be used in combination with 5G for multi-camera transmission, real-time video conferencing from or to the car, and development of API for third-party services such as insurance services integration to meet the increasing demand for the development of solutions for fleet vehicles. For instance, Quobis is developing an on-board camera that manages user onboarding including verification and validation of a user’s identity for car rental and sharing services. Ericsson has developed a solution for telecommunication service providers that allows service providers to make a communication offering with a new voice, video, and collaboration service to their customers. Additionally, Ericsson is striving to enhance the mobile voice service in 4G that builds on VoLTE for 5G voice.

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5G’s ubiquitous connectivity, low-latency, and high-bandwidth features integrated with WebRTC help IoT and sensors to provide accurate information in real-time to reduce risk and manufacturing costs. WebRTC and 5G can be used to develop a video-evaluation tool and multimedia employee communications application for collaboration and user validation & authentication. This would enable AI engines to predict unusual instances such as accidents and production failures in real-time.

Regional Outlook of Global WebRTC Market

North America is anticipated to hold dominant share of the global WebRTC market by the end of 2022. Presence of top WebRTC companies, including Google, Cisco Systems, Inc., Oracle, and Avaya, Inc., and advancement in network and communication technologies are driving the WebRTC market size in the region. Increase in demand for low cost, secure, and robust communication solutions and virtual meetings solutions is accelerating the adoption of WebRTC video solutions in North America.

WebRTC market share of Asia Pacific is expected to increase at a rapid pace during the forecast period due to the advancement in web-based video and audio communication solutions in the region. Availability of low-cost mobile devices and mobile internet connections is driving the adoption of e-learning and telemedicine platforms in countries such as India and China in the region. These telemedicine and e-learning platforms are leveraging WebRTC solutions to provide their customers with seamless and high quality web-based video audio communication solutions.