IMARC Group’s latest research report, titled “Telepresence Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global telepresence equipment market reached a value of US$ 2.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.95 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.
Telepresence, also known as virtual presence, represents the digital video teleconferencing technology that enables communication and collaboration among users from a distant or remote location. It provides high-definition (HD) streaming, real-time presentation experiences, high-quality audio and video output, etc., when compared to conventional video conferencing. Some of the commonly used telepresence equipment include cameras, microphones, speakers, etc. These devices assist individuals in developing a computer-generated environment, optimizing productivity, mitigating traveling budgets, etc. Presently, telepresence equipment are commercially available in various types, such as room-based, multi-codec, immersive, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, form factor, enterprise size, industry vertical and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for telepresence equipment market
- Strategies of major players and product offerings
The escalating demand for virtual meetings, on account of the sudden outbreak of COVID-19 pandemic across countries, is primarily driving the telepresence equipment market. In addition to this, the increasing product adoption across small and medium-sized enterprises (SMEs) for connecting, communicating, collaborating, and transmitting information is further stimulating the market growth. Besides this, the growing utilization of telepresence equipment that aid physicians and medical practitioners in offering virtual assistance, consultation, remote visitations for health checkups, etc., is acting as another significant growth-inducing factor. Moreover, numerous technological advancements, including the introduction of robotic telepresence equipment to make experimental learning easier, monitor the workforce from remote locations, and mitigate communication barriers at affordable prices is also positively influencing the global market. Apart from this, the rising penetration of various electronic devices and the inflating integration of artificial intelligence (AI) and machine learning (ML) technologies are projected to fuel the telepresence equipment market in the coming years.
Key Players Included in Global Research Report:
- Avaya Inc.
- Cisco Systems Inc.
- Haivision
- HP Inc.
- Huawei Technologies Co. Ltd.
- Microsoft Corporation
- Plantronics Inc.
- Sony Corporation
- Vidyo Inc. (Enghouse Systems Limited)
- ZTE Corporation.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Segmentation:
Breakup by type:
- Multi-Codec Telepresence
- Personal Telepresence
- Immersive Telepresence
- Room-based Telepresence
Breakup by Form Factor:
- End-Points
- Display
- Camera
- Microphone
- Infrastructure
The Breakup by Enterprise Size:
- Large Enterprise
- Medium Enterprise
- Small Enterprise
Breakup by Industry Vertical:
- Healthcare
- Education
- Pharmaceuticals
- Government
- Commercial
- Scientific
- Construction and Engineering
- Entertainment
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Telepresence Equipment Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Telepresence Equipment Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Read More: GDPR Services Market Size, Share and Industry Growth 2022-27
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