Telepresence Market: A Look at the Industry's Current and Future State

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The Global Telepresence Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.

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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. 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.

Telepresence, which is a recent innovation in communication, is aiding progress in many endeavors to reduce significant environmental impact. According to Nortel Networks, telepresence and videoconferencing technologies are increasingly important tools for businesses looking to enhance collaboration and lower their carbon footprints. Businesses are asking how they can strengthen their collaboration without having to travel. The advantages of telepresence are obvious: substantial travel expense savings; increased productivity, and lower carbon footprint. Telepresence will benefit any organization with many locations.

Report Highlights:

Besides offering a vivid depiction of the global Telepresence business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

The report includes information on the present and historical market scenarios, which helps forecast the market conditions over the next eight years (2022-2030). 

The report scrutinizes the salient factors influencing the growth of the market in the near future.

The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

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Competitive Terrain:

The global Telepresence industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The key players studied in the report are Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.

Market Overview:

The report bifurcates the Telepresence market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

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
      1. Displays
      2. Projectors
      3. Camera
      4. Sensors
      5. Audio Device
      6. Lighting
      7. Processors
      8. Interfaces
      9. Others
    • Software
      1. Cloud Computing Software
      2. Audio-Video Communication Software
      3. Server
    • Services
  • System Type Outlook (Revenue, USD Billion; 2019-2030)

    • Static Telepresence
      1. Immersive Telepresence
      2. Personal Telepresence
      3. Holographic Telepresence
    • Remote Telepresence Systems
      1. Robotic Telepresence Systems
  • Industry Outlook (Revenue, USD Billion; 2019-2030)

    • Industry Dynamics & Market Share, 2022 & 2030
    • Enterprise Industry
      1. Government
      2. Private
    • Healthcare Industry
    • Commercial Industry
      1. Retail
      2. Advertising
      3. Designing
    • Consumer Industry
      1. Sports
      2. Entertainment
    • Education Industry
    • Manufacturing Industry
      1. Energy
    • Other Industries
      1. Construction
      2. Engineering
      3. Space Application

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The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. 

Regional Analysis Covers:

North America (U.S., Canada)

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)

Key reasons to buy the Global Telepresence Market report:

The latest report comprehensively studies the global Telepresence market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products & services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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