Telepresence Equipment Market Size, Share Report | 2022-2027 | Growth, Top Companies, Segmentation And Forecast

PRESS RELEASE
Published February 10, 2023

According to the latest report by IMARC Group, "Global Telepresence Equipment Market Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027", the global telepresence equipment market reached a value of US$ 2.28 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.95 Billion by 2027, exhibiting a CAGR of 4.10% during 2022-2027.

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Telepresence, also commonly known as virtual presence, refers to a digital video teleconferencing technology that provides a virtual framework for collaboration, realistic exchanges, and communication amongst masses from remote or distant locations. Some commonly used telepresence equipment includes microphones, speakers, displays, cameras, and controllers that help control machinery and share data-related information. They also provide enhanced productivity, effective communication, high-definition (HD) resolution streaming, better employee interactions, high-quality audio-video output, standard-definition (SD) resolution streaming, and real-time presentation experience. As a result, telepresence equipment is widely adopted in the education, manufacturing, engineering, construction, pharmaceuticals, and healthcare sectors. 

Market Trends:

The market is primarily driven by the rising demand for telepresence equipment across various industrial verticals, such as small and medium-sized enterprises (SMEs), government, entertainment, and hospitality industries. In addition, the easy availability of multi-codec, room-based, immersive, and personal telepresence equipment and high-speed internet connectivity is contributing to the market growth.

Moreover, the introduction of machine learning (ML) and artificial intelligence (AI) technologies and the escalating demand for virtual meetings due to the emerging work-from-home (WFH) culture represent other major growth-inducing factors. Besides this, the increasing applications of telepresence equipment in the healthcare sector to enable physicians and medical practitioners to offer consultations, virtual assistance, and remote visitations for healthcare check-ups are providing a positive thrust to the market growth.

Furthermore, the rising digitization, the growing popularity of numerous electronic devices, and the integration of robotic telepresence equipment for mitigating communication barriers and easier experimental learning are other factors creating a positive market outlook.

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Telepresence Equipment Market

List of Key Companies Covered in this Market Report:

  • Avaya Inc.
  • Cisco Systems Inc.
  • Microsoft Corporation
  • Plantronics Inc.
  • Sony Corporation
  • Haivision
  • HP Inc.
  • Huawei Technologies Co. Ltd.
  • Vidyo Inc. (Enghouse Systems Limited)
  • ZTE Corporation.

Key Market Segmentation:

The report has segmented the market on the basis of region, type, form factor, enterprise size and industry vertical.

Breakup by type:

Multi-Codec Telepresence

Personal Telepresence

Immersive Telepresence

Room-based Telepresence

Breakup by Form Factor:

End-Points

o Display

o Camera

o Microphone

Infrastructure

Breakup by Enterprise Size:

Large Enterprise

Medium Enterprise

Small Enterprise

Breakup by Industry Vertical:

Healthcare

Education

Pharmaceuticals

Government

Commercial

Scientific

Construction and Engineering

Entertainment

Others

Breakup by Geography:

North America: (United States, Canada)

Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)

Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

Latin America: (Brazil, Mexico, Others)

Middle East and Africa

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About IMARC Group:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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