The global telepresence equipment market reached a value of US$ 2.28 billion in 2021. Looking forward, the market is projected to reach a value of US$ 2.95 billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.
Telepresence, or virtual presence, refers to a digital video teleconferencing technology that enables communication and collaboration amongst users from a distant or remote location. As compared to conventional video conferencing, it provides high-definition (HD) streaming, real-time presentation experience, and high-quality audio and video output. Some of the commonly used telepresence equipment include microphones, cameras, speakers, controllers, and various other devices, which aid in controlling machinery and sharing data-related information. This, in turn, assists users in developing a computer-generated environment, optimizing productivity, and mitigating traveling budgets. At present, telepresence equipment is commercially available in multi-codec, personal, immersive, and room-based types.
The easy availability of high-speed internet connectivity, along with the rising demand for virtual meetings, especially during the consequent implementation of mandatory lockdowns on account of the sudden outbreak of coronavirus disease (COVID-19) pandemic across the globe, represents key factor primarily driving the market growth. In line with this, the widespread adoption of telepresence equipment across small and medium-sized enterprises (SMEs), education, hospitality, manufacturing, pharmaceuticals, entertainment, and media and entertainment sectors for connecting, communicating, collaborating, and transmitting information is acting as another growth-inducing factor. This is further supported by the extensive utilization of telepresence equipment in the healthcare sector to enable physicians and medical practitioners to offer virtual assistance, consultation, and remote visitations for health checkups. Additionally, significant technological advancements, such as the introduction of robotic telepresence equipment for making experimental learning easier, monitoring the workforce from remote locations, and mitigating communication barriers at affordable prices, are contributing to the market growth. Other factors, such as rising digitalization, the increasing need for cost-effective solutions, growing penetration of various electronic devices, and the large-scale integration of artificial intelligence (AI) and machine learning (ML) technologies, are creating a positive outlook for the market.
This report provides an analysis of the key trends in each sub-segment of the global telepresence equipment market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on type, form factor, enterprise size and industry vertical.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Telepresence, or virtual presence, refers to a digital video teleconferencing technology that enables communication and collaboration amongst users from a distant or remote location. As compared to conventional video conferencing, it provides high-definition (HD) streaming, real-time presentation experience, and high-quality audio and video output. Some of the commonly used telepresence equipment include microphones, cameras, speakers, controllers, and various other devices, which aid in controlling machinery and sharing data-related information. This, in turn, assists users in developing a computer-generated environment, optimizing productivity, and mitigating traveling budgets. At present, telepresence equipment is commercially available in multi-codec, personal, immersive, and room-based types.
Telepresence Equipment Market Trends
The easy availability of high-speed internet connectivity, along with the rising demand for virtual meetings, especially during the consequent implementation of mandatory lockdowns on account of the sudden outbreak of coronavirus disease (COVID-19) pandemic across the globe, represents key factor primarily driving the market growth. In line with this, the widespread adoption of telepresence equipment across small and medium-sized enterprises (SMEs), education, hospitality, manufacturing, pharmaceuticals, entertainment, and media and entertainment sectors for connecting, communicating, collaborating, and transmitting information is acting as another growth-inducing factor. This is further supported by the extensive utilization of telepresence equipment in the healthcare sector to enable physicians and medical practitioners to offer virtual assistance, consultation, and remote visitations for health checkups. Additionally, significant technological advancements, such as the introduction of robotic telepresence equipment for making experimental learning easier, monitoring the workforce from remote locations, and mitigating communication barriers at affordable prices, are contributing to the market growth. Other factors, such as rising digitalization, the increasing need for cost-effective solutions, growing penetration of various electronic devices, and the large-scale integration of artificial intelligence (AI) and machine learning (ML) technologies, are creating a positive outlook for the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global telepresence equipment market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on 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:
- 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
- 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
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Key Questions Answered in This Report
- How has the global telepresence equipment market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global telepresence equipment market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form factor?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global telepresence equipment market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Telepresence Equipment Market
What is the estimated value of the Global Telepresence Equipment Market?
What is the growth rate of the Global Telepresence Equipment Market?
What is the forecasted size of the Global Telepresence Equipment Market?
Who are the key companies in the Global Telepresence Equipment Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 2.28 Billion |
| Forecasted Market Value ( USD | $ 2.95 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Telepresence Equipment Market
6 Market Breakup by Type
7 Market Breakup by Form Factor
8 Market Breakup by Enterprise Size
9 Market Breakup by Industry Vertical
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
Methodology
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