Understanding the features of web real-time communication (WebRTC) solutions edifies us on what really happens when we share text, images or video to someone through online data transfer in real-time. The online communication between peer-to-peer (P2P) connections that takes place in real-time can be a summarized definition for WebRTC. Nowadays, companies that generate a considerable proportion of their revenues through online business operations are serving to be proponents of WebRTC solutions. Benefits of real-time communication programs through web-based connections is no longer limited to social networking and e-tailing websites. In the years to come, almost every other enterprise in the world will integrate its businesses through online or web-based communications, necessitating the need for implementing a customized quick fix through WebRTC solutions.
A recent study on the global market for web real-time communication solutions, developed by Future Market Insights, cites that in less than a decade from now, global revenues generated from sales of WebRTC solutions are being expected to be nearly 40 times higher than the current ballpark figures. By the end of 2025, global revenues amassed from sales of WebRTC solutions will expand at an exponential CAGR of more than 40%, according to the study. It’s about time for all enterprises in the world to know the opportune benefits of adopting WebRTC solutions in a bid to guarantee a promising and fruitful future for their online businesses.
Effective Augmentation of Web Browsers
Development of WebRTC solutions is confined to the set of communication protocols and application programming interfaces (APIs) standardized by the World Wide Web Consortium (W3C). One of the foremost benefit of adopting WebRTC solutions is that they utilize HTML5, JavaScript and advanced APIs to embed real-time communication plugins in the users’ browsers. Internet Explorer, Google Chrome and other web browsers encrypted with WebRTC solutions can effectively enhance P2P communications, and be considered profitable for improving online interactivity between enterprises and users.
Reducing Business Costs
Measures undertaken by companies to advance their online business operations often involve a sizeable expenditure on developing customized communication platform. By adopting a custom-made WebRTC solution, such companies will not only be facilitated with real-time or instantaneous feedback from their online activities, but also save money while doing so. The costs of at which WebRTC solutions are deployed will continue remain considerably lower than subcontracting online communication services to third-party online networking platforms.
Redefining Customer Care as We Know it
The global proliferation of social networking websites serves as an ideal example of who WebRTC solutions will heighten the status of an enterprise; online and offline. Medical organizations can adopt WebRTC solutions to step ahead from their conventional ways of connecting patients with medical personnel. Banking and other wealth management organizations, the businesses of which solely depend on customer care services, will benefit from the instantaneous interactivity between customers and officials through WebRTC solutions.
WebRTC – Solutions vs. Services
Future Market Insights projects that the adoption at which WebRTC solutions are adopted will be different from the implementation of WebRTC services. The market research firm estimates that in 2014, nearly 50% of global WebRTC solutions market value was accounted by sales of WebRTC solutions. Even though the global market value share contribution of WebRTC services is predicted to be lesser compared to solutions, revenues from sales of WebRTC services will expand at more than 50% CAGR by the end of 2025.
Deploying WebRTC through Cloud Computing
Incorporating with the right mode of deployment helps in maximizing the benefits of WebRTC solutions. Considering that a majority of enterprises will be interested in imposing their WebRTC solution to specific set of users, private cloud deployment model is estimated to gain traction in the global market for WebRTC solutions. More than 50% share of the global WebRTC solution revenues will be accounted by private cloud deployment. On the other hand, the revenues secured from global sales of WebRTC solutions by deploying them in hybrid cloud networks are expected to increase at a robust CAGR of nearly 50% through 2025.
The insights presented in this article are based on a recent report by Future Market Insights. The excerpts of the report can be browsed at http://www.futuremarketinsights.com/reports/sample/rep-gb-743
Author: Abhishek Budholiya is a tech blogger, digital marketing pro, and has contributed to numerous tech magazines. Currently, as a technology and digital branding consultant with Future Market Insights, he offers his analysis on the tech market research landscape. His forte is analysing the commercial viability of a new breakthrough, a trait you can see in his writing. When he is not ruminating about the tech world, he can be found playing table tennis or hanging out with his friends.
