Telepresence Equipment Market Report by Size And Growth 2022-2027
According to the latest report by IMARC Group, “Global Telepresence Equipment Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global telepresence equipment market size 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, is a technology that enables users to communicate and collaborate from a remote or distant location through digital video teleconferencing. It offers several advantages, such as high-definition streaming, real-time presentation experience, and high-quality audio and video output compared to traditional video conferencing. It includes microphones, cameras, speakers, controllers, and other devices, which help users control machinery and share data-related information. It helps optimize productivity and reduce travel expenses by creating a computer-generated environment. Currently, telepresence equipment is commercially available in various forms, including multi-codec, personal, immersive, and room-based types.
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Market Trends:
The global telepresence equipment market is primarily driven by the easy availability of high-speed internet connectivity and the increasing demand for virtual meetings, especially during the mandatory lockdowns implemented amid the coronavirus disease (COVID-19) outbreak. Moreover, the surging adoption of telepresence equipment across various industries, such as SMEs, education, hospitality, manufacturing, pharmaceuticals, entertainment, and media, for connecting, communicating, collaborating, and sharing information is positively influencing market growth.
Additionally, the rising use of telepresence equipment in the healthcare sector enables physicians and medical practitioners to provide virtual assistance, consultation, and remote visitations for health checkups has catalyzed market growth. Other factors, including the increasing need for cost-effective solutions, rising penetration of electronic devices, and rapid digitization, are also anticipated to propel the market growth.
Global Telepresence Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Telepresence Equipment Companies:
HP Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, Plantronics Inc., Sony Corporation, Avaya Inc., Cisco Systems Inc., Haivision, Vidyo Inc. (Enghouse Systems Limited) and ZTE Corporation.
The report has segmented the market on the basis of type, form factor, enterprise size, industry vertical and region.
Breakup by type:
- Multi-Codec Telepresence
- Personal Telepresence
- Immersive Telepresence
- Room-based Telepresence
Breakup by Form Factor:
- End-Points
-
- Display
- Camera
- Microphone
- Infrastructure
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
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
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.
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