WebRTC World News Feed

November 25, 2015

WebRTC Funding Paves Road of Gold for 2016

WebRTC had a stellar year in 2015, thanks to over $1 billion in funding given to companies integrating it into products and services. This is newsworthy for many reasons, but most notably is this means next year is shaping up to be better than the last in terms of harnessing WebRTC more commercially.

WebRTC is powerful tool that enables browser-to-browser applications for voice calling, video chat, and P2P file sharing without plugins, but it’s usefulness hasn’t been as widespread nor used to its full advantage by companies, at least until now.

For example, take the following companies: there’s CafeX, which received $21 million in series B funding earlier in 2015 to boost its business applications across mobile and desktop, and then there’s Coachademy whose on-demand corporate coaching solution received $84.73 thousand in seed funding. More familiar names like Snapchat snagged $537.6 million in series E funding, offering more wide-spread use of its social services to share photos, videos, and text.

There are countless others who have been the recipient of funds to expand their WebRTC efforts, which gives promise for the market over all in 2016. The trend is clear: communications systems are moving to incorporate WebRTC and the market predictions speak for themselves. Disruptive Analysis expects WebRTC to be accessible by more than 6 billion devices by the end of 2019, and 4.6 billion devices, with over 2 billion unique individuals, by the end of 2016

WebRTC, a free, open-source project, enables compliant web browsers to communicate in real-time using simple JavaScript APIs.

Image via Pixabay

The project's mission: "To enable rich, high quality, real-time communication applications to be developed in the browser via simple JavaScript APIs and HTML5."

A big draw with WebRTC is the manner in which it's baked into browsers. Mobile platforms such as iOS started the drift away from plug-ins, but a future free from them has long been the goal of many Web standards advocates. Considered to be a truly innovative technology, business opportunities that did not exist yesterday are suddenly here today because of WebRTC.

With WebRTC, virtual offices can further trim down travel budgets, increase collaboration, and offer new ways to host meetings.  By adding WebRTC, businesses can integrate remote, home and mobile technologies.

Edited by Kyle Piscioniere
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