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Global Telepresence Robots Market Company Share, Industry Size, Strategies and Forecast to 2030

09-23-2022 09:49 AM CET | Science & Education

Press release from: Inkwood Research

TELEPRESENCE ROBOTS MARKET

TELEPRESENCE ROBOTS MARKET

According to a new market research report published by Inkwood Research, the Global Telepresence Robots Market is estimated to record a CAGR of 17.38% during the forecasting years of 2020-2028.
''Browse 80 Market Data Tables and 59 Figures spread over 276 Pages, along with an in-depth TOC on the Global Telepresence Robots Market Forecast 2020-2028.''

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A telepresence robot is a wheel-based portable device that provides the virtual presence of a human being at a workplace. A telepresence robot is used for delivering secured and reliable remote presence services for personal and commercial usage. These robots use high-speed internet connectivity for multimedia applications, and are implemented mainly in education, virtual meetings, and healthcare services. These robots are gradually an edge over traditional teleconferencing due to various application trends. The market is displaying positive trends due to expanding business territories, boosting the need for virtual meetings, rising geriatric population globally, and applications in telemedicine. The growing foreign businesses across the world have increased the intensity of virtual meetings and created demand for telepresence robots.

Comprehensive Organizational Focus Fuels Market Growth
Communication technology has tremendously transformed business transactions and business relationships. Communication is considered to be one of the significant factors in the success of any business. Presently, organizations have several offices located in remote different geographical locations, which require advanced communication technology for data sharing and interconnecting. Businesses are seeking to adopt technological solutions that focus on increasing organizational efficiency, profitability, and reducing costs. Telepresence robots are one of the promising solutions for enterprises in increasing the organization's operational efficiency. These robots can help the business executives in getting rid of the traveling time and the cost incurred in the same. Moreover, key officials can communicate more effectively with distant employees and help improve business efficiency.
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Mobile - the Fastest Growing Category in the Product Type Segment
Mobile telepresence robots are generally wheeled for movement purposes and are equipped with a smartphone or tablet for the display. There are two kinds of mobile telepresence robots, remotely operated robots that can be controlled by users and autonomous robots that are self-driving. The market for mobile telepresence robots has been significantly growing across various end-use application areas, such as business, office, schools, universities, healthcare, manufacturing, and hotels, among others, mainly owing to the increasing usage of remotely operated robots among these areas.

Asia Pacific Projected to Record the Highest CAGR
The Asia Pacific region has plenty of SMEs and large enterprises, which makes it a leading region for the adoption of telepresence robots. Due to the presence of major economies, the region is recording rapid growth in terms of the robotic domain. The presence of major electronic companies directly contributes to the growth of robotic technology. Large enterprises always demand quality video conferencing solutions, due to which the region will have huge market growth opportunities.
The telepresence robots market boasts of the presence of a large number of well-known companies such as Double Robotics, Inc, R.BOT, Mantaro Networks Inc, InTouch Technologies Inc, Inbot Technology, etc. The market is highly concentrated with few players who offer similar products, and the market rivalry is projected to be high. The competitive nature of the market is attributed to the strategies adopted by players, like offering new and innovative products. Further, market growth is expected to attract the involvement of various companies across different segments of the value chain.

Related Report:
GLOBAL COLLABORATIVE ROBOTS MARKET
GLOBAL SERVICE ROBOTICS MARKET
GLOBAL INDUSTRIAL ROBOTICS MARKET
GLOBAL IT ROBOTIC AUTOMATION MARKET
GLOBAL WAREHOUSE ROBOTICS MARKET

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