The global telepresence market size is expected to reach USD 10.96 Billion in 2030 and register a steady revenue CAGR of 19.6% over the forecast period, according to latest analysis by Emergen Research. Steady telepresence market revenue growth can be attributed to growing need to reduce traveling costs and carbon footprint across small and large enterprises. Corporate travel is declining as a result of rising cost of fuel, which has reached USD 125 a barrel, and threat of global warming and climate change.
Telepresence, which is a recent innovation in communication, is aiding progress in many endeavors to reduce significant environmental impact. According to Nortel Networks, telepresence and videoconferencing technologies are increasingly important tools for businesses looking to enhance collaboration and lower their carbon footprints. Businesses are asking how they can strengthen their collaboration without having to travel. The advantages of telepresence are obvious: substantial travel expense savings; increased productivity, and lower carbon footprint. Telepresence will benefit any organization with many locations.
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A recent trend in the market is the use of telepresence for collaboration. Global communication is made possible by advances in communication technologies from all corners of the globe. Businesses and global corporations can communicate easily across teams, locations, and time zones with the use of telepresence. Startups are creating solutions based on virtual reality (VR), for instance, to improve the experience of users attending meetings from anywhere in the world.
The research study presents an industry-wide summary of the Telepresence Market including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The global Telepresence Market research report is an investigative study of the market that offers key statistical data with regards to market size, market share, revenue growth, and CAGR over the forecast period 2022-2030.
Key participants include Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.
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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)
Hardware
Displays
Projectors
Camera
Sensors
Audio Device
Lighting
Processors
Interfaces
Others
Software
Cloud Computing Software
Audio-Video Communication Software
Server
Services
System Type Outlook (Revenue, USD Billion; 2019-2030)
Static Telepresence
Immersive Telepresence
Personal Telepresence
Holographic Telepresence
Remote Telepresence Systems
Robotic Telepresence Systems
Industry Outlook (Revenue, USD Billion; 2019-2030)
Industry Dynamics & Market Share, 2022 & 2030
Enterprise Industry
Government
Private
Healthcare Industry
Commercial Industry
Retail
Advertising
Designing
Consumer Industry
Sports
Entertainment
Education Industry
Manufacturing Industry
Energy
Other Industries
Construction
Engineering
Space Application
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Telepresence Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Objectives of the Report:
Study of the global Telepresence market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)
Industrial structure analysis of the Telepresence market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Telepresence market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Telepresence market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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