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Artificial Intelligence

Web Real-Time Communication Market to hit USD 20 Bn by 2027; Global Market Insights Inc.

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Selbyville, Delaware, Oct. 05, 2021 (GLOBE NEWSWIRE) —

Web Real-Time Communication Market revenue is anticipated to record a valuation of USD 20 billion by 2027, according to the most recent study by Global Market Insights Inc. The growing work-from-home trends across enterprises due to COVID-19 restrictions across the various industry verticals are supporting the market growth.   

The WebRTC market growth is attributed to the increasing demand for improved, secure, and robust communication solutions. With mobility making rapid inroads into numerous large & small enterprises around the world, WebRTC solutions are experiencing accelerated adoption in the market. Businesses are increasingly realizing the benefits of BYOD in terms of increased employee productivity and efficiency. The increasing BYOD trend is supporting the market growth.

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The messaging & file sharing segment held a market share of over 30% in 2020 due to the increasing adoption of messaging solutions to enable instant communication channels in the business environment. This solution helped enterprises in effectively coordinating team members, customers & external agencies easily and share files without any data leaks. This is a major factor supporting the market growth over the forecast period.

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The SMEs are expected to grow at a CAGR of over 45% during the forecast period due to the growing work-from-home trend across SMEs. The growing trend of workforce mobility and budgetary constraints will compel enterprises to look for effective ways to reduce telecommunication expenses. SMEs are rapidly adopting WebRTC solutions as this technology enables cost-effective voice communications.

The BFSI sector held a significant market share in 2020 due to the rising demand for improved communication services across the BFSI industry. Banks and financial institutions need effective communication platforms that reduce costs by combining data & voice services over a single channel to support mobile interactions. They are rapidly moving from on-premise platforms to cloud technology to support growing mobility & collaboration demands. WebRTC solutions allow companies in the BFSI industry to streamline operations and communicate with several stakeholders & customers to improve productivity & deliver enhanced banking services.

Europe is projected to generate a market revenue of over USD 6 billion by 2027 in the WebRTC market. The market growth is attributed to the growing adoption of cloud computing services in the region. For instance, according to Eurostat, around 50% small and medium enterprises in Europe were using cloud computing technology, which was 12% more than 2018. Around 33% small enterprises and 46% medium enterprises were using the cloud computing technology in Europe. 

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Companies operating in the market are focusing on strategic partnerships to enhance WebRTC capabilities. For instance, in June 2021, NFON, a European voice centric communication solution provider, partnered with Meetecho, an Italian WebRTC company, to enhance its WebRTC solution capabilities. This partnership helped the company to enhance its communication product portfolio.

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Some major findings of the WebRTC market report include:

  • The growing demand for VoIP solutions to improve communication across the businesses is supporting market growth.
  • Rising demand for integrating communication APIs across the web browsers is fueling the demand for WebRTC solutions.
  • The Europe WebRTC market is propelled by the increasing demand for secure & robust communication services across the SMEs.
  • Companies operating in the market are focusing on developing innovative WebRTC solutions & services to gain competitive advantage.

Partial chapters of report table of contents (TOC):

Chapter 3   WebRTC Industry Insights

3.1    Introduction

3.2    Industry segmentation

3.3    Impact of COVID-19 outbres

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3.3.1    Regional outlook

3.3.1.1    North America

3.3.1.2    Europe

3.3.1.3    Asia Pacific

3.3.1.4    Latin America

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3.3.1.5    MEA

3.3.2    Industry value chain

3.3.3    Competitive landscape

3.4    Industry ecosystem analysis

3.4.1    Software providers

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3.4.2    Web browser providers

3.4.3    System integrator

3.4.4    End users

3.4.5    Vendor matrix

3.5    Industry evolution

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3.6    Technology & innovation landscape

3.6.1    5G network

3.6.2    IoT

3.6.3    Artificial Intelligence

3.7    Investment portfolio

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3.8    Regulatory landscape

3.8.1    Markets in Financial Instruments Directive (MiFID)

3.8.2    The Privacy and Electronic Communications (EC Directive) Regulations 2003

3.8.3    The Dodd-Frank Act

3.8.4    Health Insurance Portability and Accountability Act (HIPAA)

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3.8.5    The Protection of Personal Information Act (2013)

3.8.6    Electronic Communications and Transactions Act 25 of 2002

3.8.7    Nigeria Communications Act (2003)

3.9    Industry impact forces

3.9.1    Growth drivers

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3.9.1.1    Growing popularity of the BYOD trend

3.9.1.2    Rising Work-from-Home trend

3.9.1.3    Increasing demand for secure and robust communication solutions

3.9.1.4    Growing demand for WebRTC across SMEs

3.9.2    Industry pitfall & challenges

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3.9.2.1    Interoperability concerns across the web browsers

3.9.2.2    Lack of standardization

3.10    Growth potential analysis

3.11    Porter’s analysis

3.11.1    Supplier power

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3.11.2    Buyer power

3.11.3    Threat of new entrant

3.11.4    Threat of substitution

3.11.5    Competitive rivalry

3.12    PESTEL analysis

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3.12.1    Political

3.12.2    Economical

3.12.3    Social

3.12.4    Technological

3.12.5    Legal

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3.12.6    Environmental

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees

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DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.

The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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Artificial Intelligence

Find Your Perfect Domain with GoDaddy’s Innovative AI Technology

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Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.

GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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Artificial Intelligence

Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market

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SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.

Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ  Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/ 
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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