Market Overview 2022-2027:
IMARC Group’s latest research report, titled “Global Telepresence Equipment Market Share, Size, Industry Trends, 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.
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Industry Definition and Application:
Telepresence, also known as a virtual presence, refers to a digital technology that offers a virtual framework for realistic exchanges, collaboration, and communication amongst individuals from remote or distant locations. Cameras, speakers, controllers, displays, power sources, and microphones are some commonly used telepresence equipment that helps control machinery and share data-related information. They also offer numerous benefits, including effective communication, enhanced productivity, better employee interactions, high-definition (HD) streaming, real-time presentation experience, and high-quality audio-video output. As a result, telepresence equipment finds extensive applications across pharmaceuticals, government, scientific, healthcare, entertainment, construction, and engineering industries.
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 market is primarily driven by the rising demand for telepresence equipment across various industrial verticals, including small and medium-sized enterprises (SMEs), hospitality, manufacturing, and education sectors. In addition, the easy availability of high-speed internet connectivity and the increasing adoption of virtual meetings, mainly during the continuous implementation of lockdowns due to the coronavirus disease (COVID-19) pandemic, is contributing to the market growth.
Moreover, the widespread adoption of telepresence equipment in the healthcare sector that allows medical practitioners and physicians to provide consultation, virtual assistance, and remote visitations for health check-ups is acting as another significant growth-inducing factor. Besides this, the incorporation of machine learning (ML) and artificial intelligence (AI) technologies is also providing a positive thrust to market growth. Furthermore, the rising digitization and the increasing penetration of various electronic devices are creating a positive market outlook across the globe.
Competitive Landscape with Key Player:
- 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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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
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 Geography:
- 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.
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