Telepresence Equipment Market Size, Share, Development, Growth and Demand Forecast to 2020

The telepresence equipment market has been greatly influenced by the chances in telepresence software, along with the increasing influence of cloud services. Over the last few years, the telepresence industry is in transition from a hardware-based telepresence reporting model to cost effective endpoints telepresence reporting. The operational disadvantage associated with the older telepresence equipment is driving their replacement with modern and sophisticated equipment. Moreover, the lower operating cost and higher efficiency of cloud based telepresence equipment is driving the growth of the market. The telepresence equipment has seen a high penetration rate in the developing countries, including China and India.

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Telepresence services offer high speed data transfer capabilities to communication channel with the users at distinct location. The telepresence equipment is widely used in the corporate governance gizmos. The penetration of telepresence equipment was increased in the communication industry, in an inclusive manner to nearly clinch all video collaboration system used in the videoconferencing.

The high initial setup cost, along with the high threat from the substitute technology, such as videoconferencing is hindering the growth of the global telepresence equipment market. Moreover the dedicated bandwidth allocation, in addition to dedicated support requirement of telepresence services is limiting its growth in the small and medium scale enterprise.

Despite the mature nature of the market in North America, the region accounted for the largest market share in 2014. However, with the growing popularity of videoconferencing and VoIP based technologies in the U.S. and Canada, the North American market is expected to decline during the forecast period. Europe accounted for the second largest market during 2011-2014. Asia-Pacific is expected to be the fastest growing market during the forecast period, owing to the surging industrialization in developing countries, including China and India. In 2014, the telepresence market in China was greater than the combined market size of Japan, and South Korea. Country wise, the U.S., China, Japan, Canada, France, Germany, the U.K., Italy and Brazil are some of the major market globally.

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During the recent years, the telepresence equipment industry has witnessed large number of merger and accusation (M&A). In 2014, Cisco dominated the telepresence equipment market, and accounted for more than 40% of the global market. With the market share of nearly 25%, polycon accounted for the second largest vendor. Apart from these two vendors, Huawei accounted for double digit market share in 2014.

Some of the competitors in the global telepresence equipment market are HP, Huawei, Logitech, RADVISION, Polycom, and SONY.

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