23rd October 2019 – 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.
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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.
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