Global Telepresence Equipment Market is anticipated to reach USD 2.45 Billion by 2025. Telepresence implies a set of technologies that permit a person to feel as if he/she is present, via tele robotics. The factors that propel the growth of the telepresence equipment industry include rising demand for robotic telepresence, technological superiority, minimized operational cost, reduced costs of travel for small and large enterprises. On the other hand, there are factors that may hamper the growth of the market including high price of installation. Telepresence Equipment Market is anticipated to grow at a significant CAGR of 2.9% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Telepresence Equipment industry may be explored by component, system type, industry type, end user, and geography. The market may be explored by component as Software, Hardware, and Service. The “Software” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to works on numerous software such as CAD and cloud computing among others. The updation of software offers easy approach to IP flexibility and networks to cooperate with devices such as tablets, smartphones, and desktops.
The Telepresence Equipment Market could be explored based on system type as Robotic Telepresence, Personal Telepresence, Holographic Telepresence, and immersive Telepresence. The market may be analyzed by industry as Enterprise could further span Private, Government, Healthcare, Commercial may be span Designing, Advertisement, Retail, Consumer may be further span Entertainment, Sports, Manufacturing Industries may include Energy, Education, other industries that could span Engineering, Construction, Space. The Telepresence Equipment industry could be explored based on end user as Small Enterprise, Medium Enterprise, and Large Enterprise.
North America accounted for the major share of the Telepresence Equipment Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include emerging telepresence systems for several domains, and application in medical sector surge the market. North America region is followed by Europe.
Some of the key players that fuel the growth of the Telepresence Equipment industry comprise Avaya Inc, Polycom, Inc, Cisco Systems Inc., Array Telepresence, VidyoInc, Huawei Technologies Co. Ltd, Cisco Systems Inc, and ZTE Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Telepresence Equipment based on End-use Outlook (Revenue, USD Million; 2014 - 2025)
• Large Enterprise
• Medium Enterprise
• Small Enterprise
Telepresence Equipment based on Type Outlook (Revenue, USD Million; 2014 - 2025)
• Multi-Codec Telepresence
• Personal Telepresence
• Immersive Telepresence
• Room based Telepresence
Telepresence Equipment Form Factor Outlook (Revenue, USD Million; 2014 - 2025)
• Standard Definition
• High Definition
Telepresence Equipment based on Vertical Outlook (Revenue, USD Million; 2014 - 2025)
• Construction & Engineering
Telepresence Equipment Regional Outlook (Revenue, USD Million;Volume, Million Units; 2014 - 2025)
• North America
• Asia Pacific
• South Korea
• South America
• The Middle East and Africa (MEA)
Research Support Specialist, USA