Press release
Telepresence Market Size Worth USD 10.96 Billion in 2030
Telepresence Market
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.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.
Objectives of the Report:
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 benchmarking
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,
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The report studies the historical data of the Telepresence Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
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 complete regional analysis covers:
North America (U.S., Canada, Mexico
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key Points of Telepresence Market:
On 7 July 2022, SuperViz, which is the top telepresence platform for meetings in virtual places, and PureWeb, which is the premier enterprise platform for streaming interactive, web-based 3D content, have entered into a partnership. With the help of this partnership, users will be able to communicate with others in real time while feeling as though they are present, all within a streaming 3D world.
Hardware segment is expected to account for a large revenue share over the forecast period. This is attributed to its increasing adoption of robotic telepresence. Telepresence robots give businesses a more efficient way to do tasks. They bring distant customers and employees closer due to the ease of access from one's home or place of business. By just logging in with any device, one can rapidly become virtually present in their remote location..
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