Agora Establishes Leadership in Real-Time Communications (RTC) Market with Largest Share in APAC Region
*Agora, Inc*
Press release: September 3, 2024
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Agora Establishes Leadership in Real-Time Communications (RTC) Market with Largest Share in APAC Region
*Jakarta, August 29, 2024* – Agora, Inc. (NASDAQ:
As a pioneer in real-time engagement APIs, API has quickly established the largest market share in the APAC region in the real-time communications (RTC) industry. Agora provides developers with a simple, flexible, and powerful API to incorporate real-time audio, video, interactive streaming, chat, and AI capabilities into their applications. Globally, the company served 1,700 customers as of March 2024, representing a 14% increase from the previous year. The company’s real-time engagement platform currently supports more than 6 billion minutes of live audio and video per month, and revenue was $15.8 million, an increase of 4.6% year over year.
Agora has played a key role in the APAC market for several years, supporting the region’s growing demand for real-time voice and video engagement. The video streaming market in the APAC region is expected to grow at a compound annual growth rate (CAGR) of 22.5% from 2023 onwards, reaching USD 112.89 billion by 2030. This growth is being driven by the prevalence of mobile streaming, with 69% and 86% of users in countries such as Indonesia and Malaysia using streaming services through their smartphones.
This trend shows the huge potential of real-time voice and video engagement in the APAC market. By leveraging Agora’s real-time engagement API, marketers can integrate high-quality, low-latency video and audio experiences into their platforms. By supporting this change, Agora is facilitating smoother, more interactive content delivery and responding to changing trends and demands in the APAC video streaming market.
Within a decade of entering the market, Agora has demonstrated significant dominance. The company has a 60% penetration rate among the top 20 1:1 video apps based on revenue. Agora’s technology powers 45% of dating apps in Southeast Asia and 65% of the top 20 voice chat rooms across the APAC region. Additionally, with 40% penetration among top live streaming apps, the highest of any third-party RTC provider, Agora has established itself as the region’s choice.
Agora is available across Southeast Asia including Tevi (Vietnam), KUMU (Philippines), Fastwork.co (Thailand), Everywhere.id (Indonesia), Soma (Korea), Parallel (Japan), Ellie
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We continue to have strong cooperation with prominent companies such as Monitor (Malaysia), all with positive results. For example, Fastwork, one of Southeast Asia’s largest freelance platforms, implemented Agora.io’s real-time calling and saw a 2x increase in chat-to-pay conversions and stronger connections between freelancers and employers. . Similarly, Indonesia’s Everywhere.id, which adopted Agora’s interactive live streaming solution, has seen an average 71% increase in interactions, reaching up to 13 million minutes of monthly engagement.
“Agora is at the forefront of driving innovation across industries including social, education, telehealth, live shopping, media & entertainment, gaming, future of work, and conversational AI.” Effie, Director of the Sales Team
Fang says. “Our advanced real-time engagement solutions enable businesses to deliver seamless, interactive experiences and meet the diverse needs of global audiences. As we expand our presence and technology offerings, We are also committed to helping local businesses discover their strengths and achieve global success.” Going forward, Agora plans to transform the field of AI with advanced multimodal solutions. The company enables the rapid creation of seamless AI experiences across voice, video, and chat, delivering ultra-low latency and best-in-class performance regardless of network environment.
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* About Agora.io *
Headquartered in Santa Clara, California, Agora is a pioneer and global leader in real-time engagement platforms as a service (PaaS). The company provides developers with simple, flexible, and powerful application programming interfaces (APIs) for incorporating real-time audio, video, interactive live streaming, chat, whiteboarding, and artificial intelligence capabilities into their applications. Masu.