Web Real-Time Communication (WebRTC) is a web based open source application supporting browser to browser real-time communication through a number of devices such as computers, smartphone, smart TVs and tablets. WebRTC is compatible with HTML, TCP/IP and HTTP protocol and uses multiple codecs for smooth transfer of voice, video, and data. The demand for WebRTC is expected to increase in both telecom and unified communication applications in the coming years.
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As per TMR’s estimations, the global webRTC market, which reached US$10.71 bn in 2016, will expand at a CAGR of 24.30% during the period from 2017 to 2025 and attain an opportunity worth US$81.52 bn by the end of the forecast period. Video webRTC solutions have been enjoying a stronger demand across the world compared to other solutions, thanks to their expanding application range. Analysts expect this scenario to continue like this throughout the period of the forecast.
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“The increasing popularity of IP multimedia subsystems (IMS) is having the most prominent impact on the uptake of webRTC solutions,” states the author of the study. IMSs offer standardization of voice call services through IP packet switched network across the telecommunication industry. With the emergence of 4G LTE, the uptake of Voice over LTE (VoLTE) and rich communication services is likely to increase considerably among mobile users in the coming years.