Agora Inc. (NASDAQ: API), a trailblazer in real-time engagement APIs, has solidified its position as a market leader in the APAC region by securing the largest market share in the Real-Time Communication (RTC) sector. Agora provides developers with versatile and robust APIs that integrate real-time voice, video, interactive streaming, chat, and AI capabilities into their applications. As of March 2024, Agora operates across over 200 countries, serving 1,700 customers—a 14% increase from the previous year. The company’s Real-Time Engagement Platform currently handles over 60 billion minutes of live voice and video each month, contributing to a revenue of USD 15.8 million, which marks a 4.6% growth year-on-year.
Agora’s dominance in the Asia-Pacific market reflects the region’s surging demand for real-time audio and video engagement. With the APAC video streaming market anticipated to reach $112.89 billion by 2030, growing at a compound annual growth rate (CAGR) of 22.5% from 2023, Agora is well-positioned to capitalize on this trend. The rise in mobile streaming is notable, with 97.2% of Filipinos engaging in online video watching at least once a week.
Agora’s technology is instrumental in meeting the evolving needs of the APAC video streaming market. By integrating Agora’s real-time engagement APIs, businesses can offer high-quality, low-latency video and audio experiences, enhancing content delivery and interaction. Agora’s solutions keep pace with the dynamic trends and demands of the region.
In its decade-long presence, Agora has achieved significant milestones, including a 60% penetration rate in the top 20 1v1 video apps by revenue. The company’s technology supports 45% of Southeast Asia’s dating apps and 65% of the top 20 voice chat rooms in APAC. Additionally, Agora holds a 40% penetration rate in the top live streaming apps, the highest among third-party RTC providers, cementing its role as the preferred choice in the region.
Agora maintains strong partnerships with prominent companies across Southeast Asia, such as Tevi (Vietnam), KUMU (Philippines), Fastwork.co (Thailand), Everywhere.id (Indonesia), Soma (South Korea), Parallel (Japan), and Ellie Baby Monitor (Malaysia), all yielding positive results. For instance, Fastwork, one of Southeast Asia’s largest freelancing platforms, reported a 2x increase in chat-to-payment conversions after implementing Agora.io’s real-time calling. Similarly, Everywhere.id in Indonesia experienced an average 71% increase in interactions and a peak of 13 million minutes of monthly engagement after adopting Agora’s interactive live-streaming solutions.
Effie Fang, Director of Agora’s APAC Sales Team, stated, “Agora is at the forefront of driving innovation across various industries, including Social, Education, Telehealth, Live Shopping, Media & Entertainment, Gaming, the Future of Work, and Conversational AI. Our advanced real-time engagement solutions enable businesses to deliver seamless, interactive experiences tailored to global audiences. As we expand our presence and technology offerings, we remain committed to helping local companies uncover their strengths and achieve global success.”
Looking ahead, Agora is poised to revolutionize the AI landscape with its advanced multimodal solutions, facilitating the rapid creation of seamless AI experiences across voice, video, and chat, while ensuring ultra-low latency and exceptional performance under any network conditions.
