Telepresence Market Applications, Future Trends, Recent Demand, Growth Analysis, Insights, Types, Outlook, Size and Forecasts Report 2030
According to the most recent analysis by Emergen Research, the size of the global telepresence market is anticipated to reach USD 10.96 billion in 2030 and record a consistent revenue CAGR of 19.6% throughout the projected period. The constant demand for small and large businesses to lower travel expenses and carbon footprints is what’s driving the telepresence market’s revenue growth. Robots used for telepresence are autonomous, monitored from a distance, and outfitted with motorized desktop stands, cameras, and/or smartphones. These robots can be divided into motorized desktop robots, which are stationary robots, and autonomous mobile robots. Mobile and stationary telepresence robots are the two primary types. Compared to other robotics, these telepresence robots are practical and have more end-use applications.
The market is expanding as a result of rising demand for teleconferences, labor management from a distance, and consumer and personal telepresence robots across a variety of industries, including healthcare, education, retail, and hospitality. Additionally, inexpensive telepresence robots are being introduced for particular end-use scenarios. Increased smartphone usage and technological advancements like Bring Your Own Device (BYOD) boost market expansion. The market is hampered by these robots’ high price and limited utility.
The telepresence robot, which leverages current telecommunications infrastructure as well as recent advancements in robotics technology, is the next evolution beyond fixed video conferencing. The fundamental technologies that make these robots possible also drive the market expansion. Furthermore, the market is expected to expand in the approaching years without any major obstacles.
Some Key Highlights From the Report
SuperViz, the leading telepresence platform for virtual meetings, and PureWeb, the top corporate platform for streaming interactive, web-based 3D content, have joined forces as of July 7, 2022. Users will be able to interact with people in a streaming 3D world while feeling as though they are present thanks to this arrangement.
Over the projected period, the hardware segment is anticipated to provide a significant amount of revenue. This is explained by the fact that robotic telepresence is being used more frequently. Businesses can do jobs more effectively thanks to telepresence robots. Due of how simple it is to access them from a person’s home or place of business, they bring far-off clients and employees closer. One can easily become virtually present in their remote place by just logging in with any device. A telepresence robot, as opposed to a standard video call, enables one to virtually be in the same room as their clients.
Due to the rising popularity of immersive telepresence, the static telepresence category is anticipated to account for a sizable revenue share in the global market over the forecast period. Travel is frequently required in the modern global economy to take advantage of fresh business prospects. Face-to-face meetings with partners, staff, and clients will always be important on occasion, but a surprising amount of routine or recurring business travels can be easily replaced by working remotely via video. There would be no additional costs for any routine work trips.
As more small and large organizations use these systems, the enterprise industry segment is anticipated to account for a sizable revenue share in the global market throughout the forecast period. There are several benefits to using telepresence in a business context, including enhanced communication, enhanced employee connections, increased productivity, less travel costs, and streamlined hiring procedures. More than 60% of all communication in the workplace involves nonverbal clues.
Some major companies in the global market report include Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.
Emergen Research has segmented the global telepresence market on the basis of component & services, system type, industry, and region:
Component & Services Outlook (Revenue, USD Billion; 2019-2030)
- Audio Device
- Cloud Computing Software
- Audio-Video Communication Software
System Type Outlook (Revenue, USD Billion; 2019-2030)
- Static Telepresence
- Immersive Telepresence
- Personal Telepresence
- Holographic Telepresence
- Remote Telepresence Systems
- Robotic Telepresence Systems
- Static Telepresence
Industry Outlook (Revenue, USD Billion; 2019-2030)
- Industry Dynamics & Market Share, 2022 & 2030
- Enterprise Industry
- Healthcare Industry
- Commercial Industry
- Consumer Industry
- Education Industry
- Manufacturing Industry
- Other Industries
- Space Application
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/telepresence-market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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