COVID-19: Significant Shift in Strategy of Global Web Real Time Communication Market 2020-2024 | Increasing Internet Penetration to Augment Growth | Technavio
Technavio has been monitoring the global web real time communication market and it is poised to grow by USD 16.01 billion 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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Technavio has announced its latest market research report titled Global Web Real Time Communication (webRTC) Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report
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 (News - Alert) Systems Inc., Dialogic Corp., International Business Machines Corp., Microsoft Corp., Ribbon Communications Inc., and Vonage Holdings Corp. are some of the major market participants. To make the 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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The increasing internet penetration has been instrumental in driving the growth of the market. However, lack of high-end video conferencing features might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/web-real-time-communication-market-industry-analysis
Web Real Time Communication Market 2020-2024: Segmentation
Web Real Time Communication Market is segmented as below:
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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:
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
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Platform
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