If you’ve been thinking that the news regarding WebRTC has seen something of slowdown over recent months, it’s worth noting that the market has actually been approaching a stage of growth for a while. In fact, plenty of new services and products have been emerging according to this maturation, and a recent report issued by Credence Research found that the market is ready for growth – a growth that will begin to see a serious compound growth rate of around 40% up until 2023.
The report from Credence broke the WebRTC market down in several different ways, particularly according to application, service, and end user. This level of focus simply goes to show that there’s a lot out there when it comes to potential markets for WebRTC. It also highlights the fact that growth is just around the corner.
WebRTC is More Versatile than We Thought
Though there’s bound to be differences in the way that WebRTC systems are used, and how often they’re used, it’s becoming more obvious that WebRTC has a versatility we might not have considered before. Increasing amounts of market verticals are beginning to discover new ways to develop the system. For example, the healthcare market has recently begun to use real-time communication solutions as an opportunity for offering more significant customer service. Additionally, some people have begun to look at WebRTC as a way to improve the overflow situation in hospitals by giving patients access to home care.
Of course, this isn’t the only area where WebRTC is growing. In fact, new solutions are coming in from a range of unexpected areas, including retail solutions where the system can be used to allow customers to place orders and ask questions. There’s even options for the solution in entertainment and media, where WebRTC is showing up in games to give customers the chance to communicate in the same room while playing. These uses have been around for a while now, but it’s worth drawing attention to what they mean for the market.
Plenty of Growth Ahead
According to the recent reports, there’s plenty of chance that the market could continue to grow, the only restriction are the impediments like a lack of efficiency present in the network infrastructure. However, the growth of broadband solutions at a mobile level could help to give the market a little boost. If you consider the fact that the reports are covering the first full three years after the 5G commercial launch, the expanded connectivity is sure to come to fruition.
If we examine the state of the market going forward, it might not have been the best idea for Credence to start issuing reports that attempt to project growth for an area where a major development in mobile communications is about to occur. However, it’s worth saying that we’re probably going to see plenty of growth in the world of WebRTC and beyond.
