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 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.
Note: 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.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Telepresence Equipment Market Trends and Drivers:
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.
Global Telepresence Equipment Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Avaya Inc., Cisco Systems Inc., Haivision, HP Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, Plantronics Inc., Sony Corporation, Vidyo Inc. (Enghouse Systems Limited) and ZTE Corporation.
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The report has segmented the market on the basis of region, type, form factor, enterprise size and industry vertical.
Breakup by type:
- Multi-Codec Telepresence
- Personal Telepresence
- Immersive Telepresence
- Room-based Telepresence
Breakup by Form Factor:
Breakup by Enterprise Size:
- Large Enterprise
- Medium Enterprise
- Small Enterprise
Breakup by Industry Vertical:
- Construction and Engineering
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- 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.
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