3D Telepresence Market 2021:Strategic Analysis and Key Technological Developments

The 3D Telepresence Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the 3D Telepresence market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the 3D Telepresence market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the 3D Telepresence market.

The 3D Telepresence market was valued at USD 1.54 billion in 2019 and is expected to reach USD 4.5 billion by 2025, at a CAGR of 19.6% over the forecast period 2020 - 2025

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Top Leading Companies of 3D Telepresence Market are - TelePresence Tech, Cisco Systems Inc., Microsoft Corporation, Teliris Inc. (Dimension Data), Digital Video Enterprises Inc., Musion, Polycom Inc., ZTE Corporation and others.

Industry News and Updates:

- Microsoft updated its photos application with new AI-powered functionality. Microsoft photos app will be able to identify individual people across the user’s entire collection of images, making it easier to categorize shots by their content and create customized slideshows of pictures with a particular person as their focus.

- Microsoft announced the significant expansion of its Montreal research lab. The company plans to double the size of Microsoft Research Montreal within the next two years, to as many as 75 technical experts. The expansion comes as Montreal is becoming a worldwide hub for groundbreaking work in the fields of machine learning and deep learning, which are core to AI advances.

- Microsoft built a hardware platform for real-time AI. The company unveiled its own hardware acceleration platform, Project Brainwave, that promises speedy, real-time AI in the cloud. This platform includes Intel's new Stratix 10 field programmable gate array (FPGA) chip and can handle complex AI tasks as they are received.

Key Market Trends:

Enhanced User Experience expected to Drive the Growth

- The tele-immersion technology, coupled with 3D technology, provides an increased level of presence of the remote users, whether it is bundled with virtual or augmented reality (AR). Aside from enhancing the user experience, in terms of communication, which is currently performed with 2D video conferencing, there is a potential use of this technology in several other areas that would reduce the need for travel.
- Moreover, applications, such as in remote collaboration, where multi-disciplinary teams have to work closely with 3D data or models, like in design, manufacturing, medicine, physical sciences, architecture, astronomy, digital humanities, and education, among various other applications, are expected to drive the demand for these solutions.

United States Account for the Largest Share in the Market

- Leading players, such as Microsoft are also actively working on AR technology, using the United States as their base. For example, Microsoft HoloLens is a breakthrough in mixed reality technology. Microsoft Hololens, was first released in the United States and Canada and has received a positive response from the consumers in these regions.
- Thus, the growing adoption of advanced technologies, such as AR and MR is expected to pave the path for a new communication field called 3D telepresence.
- Many end-user industries, such as healthcare and banking have adopted 3D telepresence systems as it leads to better communication and cut down overhead expenditure. In an organization, the telepresence system can boost productivity by up to 40% due to quick decision making, saving travel cost, and saving travel time.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- 3D Telepresence Market Size & Analysis (2016 - 2026)
- Market Share Analysis of 3D Telepresence Market (%),2016 - 2026
- 3D Telepresence Market Share, By Brand
- 3D Telepresence Market Share, By Company
- 3D Telepresence Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies 3D Telepresence Market Value Analysis & Forecast
- Promising 3D Telepresence Development by Major Companies
- Detailed 3D Telepresence Portfolio of the Major Companies
- Major Deals in the 3D Telepresence Market
- Major Companies Analysis

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