Rapid technological advancement has given birth to many open-source communication solutions that are bringing radical changes in the communication world. WebRTC Video Conferencing is one of these advancements. It is an open-source platform invented in 1999 by Global IP Solutions. Later, it was taken over by Google and standardized in accordance with various protocols. Today, behind most of your voice and video communication over the web, it is none other than, WebRTC solution development.
WebRTC facilitates videoconferencing in several verticals—healthcare, contact centers, entertainment, education, and other industries. There is no denying that WebRTC video conferencing has taken center stage in our lives. It makes peer-to-peer connections through voice and video call simplers. The best part is that WebRTC doesn’t require plugins or external installations.
Let us understand WebRTC in some more detail.
What is WebRTC?
Today, WebRTC is sought as one of the most secure video-calling technologies available in the market. It also brings many new communication opportunities as we shift from traditional PSTN to real-time communication. WebRTC is secure, highly customizable, and has easy-to-use API keys, which is one of the primary reasons behind its immense popularity.
- WebRTC uses mandatory audio codecs like (Opus and G.711) and optional (G.722, iLBC, iSAC) to compress audio traffic.
- WebRTC uses video codecs VP8 and H.264 and optional video codecs (H.265, VP9, and AV1).
What is WebRTC Video Conferencing?
WebRTC technology has made a substantial impact on the video conferencing market. Soon after the release of the first browser with WebRTC in 2013, the video conferencing endpoints reached 1 billion devices worldwide.
Today, in the era of globalization, WebRTC, and video conferencing are like a backbone of communication. It is widely used across various industries for business meetings, telemedicine, online education, and other verticals that require real-time communication and collaboration.
WebRTC video conferencing is a revolutionary application allowing you to make real-time video calls, share your screen, chat, and collaborate effectively on call, regardless of your geographical location. It is one of the most popular applications of WebRTC that various industries are adopting.
Application of WebRTC Video Conferencing in Different Industries
There are several compelling use cases of WebRTC video conferencing and how it has benefited businesses and customers. Here are some significant use cases:
WebRTC has been the harbinger of change in the healthcare industry. Today you can easily avail medical care (telemedicine) from the comfort of your home. You no longer need to stand in long queues for a routine checkup or in OPDs, waiting to consult with your doctor. WebRTC video conferencing solutions are addressing one of the most pressing issues worldwide. You can easily connect with a medical professional through telepresence or telemedicine services like Practo, 1MG, and Apollo Pharmacy.
If we look at statistics by fortune business insights, the global telemedicine market is expected to grow to $396.76 billion by 2027, with a CAGR of 25.8%.
Evidently, WebRTC video conferencing is playing a significant role in the market’s growth by enabling virtual consultations and remote patient monitoring.
The adaptation of WebRTC technology has enabled most educational institutions worldwide to provide education 24/7 in the worst situations (like Covid19 pandemic). Now, there are no geographical boundaries to learn and grow. Students and mentors can explore the realms of the education world through remote courses, virtual study groups, and online training sessions.
Regarding statistics, the global e-learning (education industry) market grew by $144 billion in 2019. It is now expected to reach $374 billion by 2026, with a CAGR of 14.6%.
WebRTC video conferencing has become vital for businesses to conduct virtual meetings, interviews, and training sessions with added features like screen sharing, co-browsing, and shared whiteboard. It promotes a remote working culture, enabling employees to work from anywhere and collaborate with colleagues in real time.
Another area where WebRTC perfectly finds its feet is customer service. If you plan to grow your business in the eCommerce market, consider leveraging the power of WebRTC video conferencing with tailored video and audio consultations.
If we go by statistics by business wire, the global video conferencing market will grow from $8.3 billion in 2020 to $22.5 billion by 2026, with a CAGR of 15.6%.
WebRTC video conferencing has been widely used for virtual hearings, meetings, and conferences in the government sector. It has also been used for remote voting, enabling citizens to vote from anywhere. Today, many courts are adopting this feature at a large scale for higher security of people involved in the case, to reduce monetary expenses included in the transportation of the alleged culprit, and to save time.
Are you also a fan of OTT platforms like Netflix? You will be amazed to know that virtual concerts or stand-up comedy shows you see online are facilitated by WebRTC. In fact, the entertainment industry is now registering new records of reach and success after adopting WebRTC video conferencing technology.
As per a study, the global virtual events (entertainment industry) market is expected to grow from $77.98 billion in 2020 to $404.45 billion by 2027, with a CAGR of 25.7%.
IoT (Internet of Things)
In general, you can see the use case of WebRTC in IoT. Typical applications of WebRTC and video conferencing perceived as device-to-person are related to surveillance cameras, baby monitors, and video doorbells. WebRTC video lets users see or hear what’s happening on the other side.
Device-to-cloud covers cases of automation. For example, the combination of WebRTC and IoT suits any sphere where drones identify malfunctions and provide comprehensive control. Here WebRTC ensures the flow of the process in real-time.
The pandemic has sparked a lot of curiosity among people to find new ways of effective communication and collaboration. WebRTC video conferencing significantly satisfies those requirements among a range of verticals.
WebRTC video conferencing has become an essential tool for various industries, enabling real-time communication and collaboration, irrespective of geographical barriers. It is expected to see significant growth across multiple sectors, driven by the need for remote communication and collaboration.
So what are you waiting for? Connect with us, and let’s brainstorm how WebRTC solutions can revolutionize your business growth graph and work on a customized WebRTC solution exclusively for your business.