Telepresence Equipment Market Size – Industry Analysis, Share, Growth, Trends, Top Key Players and Regional Forecast 2021-2027

Market Study Report recently added a new title on 2021-2027 Global Telepresence Equipment Market Report from its database. The report provides study with in-depth overview, describing about the Product, Size, Share, Industry Scope and elaborates market outlook and status to 2027.

Telepresence refers to an integrated solution that enables seamless collaboration among people at remote locations. It consists of components such as codec, microphone, speaker and monitor. Growing applications in sectors such as education, healthcare, government and others are driving the market growth.

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Rapid adoption of 5G technology, strategic initiatives by market players and launch of innovative products by market players are injecting growth in the market. Such as, according to Statista, number of 5G connections in North America has increased from 4 million in 2019 to 14 million in 2020, and is projected to reach 410 million by 2025. Also, in March 2021, Ava Robotics partnered with SIGNA and FRINK Advanced Services, to create a digital, remote sales experience via Ava’s telepresence robots. Furthermore, rapid growth in digital education after occurrence of COVID-19 pandemic and technological advancements are the factors expected to lead the market towards positive growth in the coming years. However, high cost of installation and limitations regarding the user experience of this technology may hamper the growth in near future.

Major Telepresence Equipment market player included in this report are:             

  • Avaya Inc.
  • Cisco Systems, Inc.
  • Array Telepresence
  • Huawei Technologies Co. Ltd.
  • Indorama Ventures Public Company Limited
  • Polycom, Inc.
  • Vidyo Inc.
  • ZTE Corporation
  • HP Inc.
  • Sony Corporation

North America is dominating the world market in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World, due to rising usage of telepresence equipment in large and medium-sized enterprises. Whereas, Asia Pacific is expected to grow with the highest growth rate during forecast period, owing to growing use in education sector and corporate offices.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By End user:

  • Large Enterprise
  • Medium Enterprise
  • Small Enterprise

By Type:

  • Multi-Codec Telepresence
  • Personal Telepresence
  • Immersive Telepresence
  • Room based Telepresence

By Form Factor:

  • End-Points
  • Infrastructure

By Vertical:

  • Healthcare
  • Education
  • Pharmaceuticals
  • Government
  • Commercial
  • Scientific
  • Construction & Engineering
  • Entertainment
  • Others

Global Telepresence Equipment Market: regional analysis

Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Telepresence Equipment market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.

Furthermore, years considered for the study are as follows:

  • Historical year – 2018, 2019
  • Base year – 2020
  • Forecast period – 2021 to 2027

Frequently Asked Questions

Which product segment grabbed the largest share in the Telepresence Equipment market?

How is the competitive scenario of the Telepresence Equipment market?

Which are the key factors aiding the Telepresence Equipment market growth?

Which region holds the maximum share in the Telepresence Equipment market?

What will be the CAGR of the Telepresence Equipment market during the forecast period?

Which application segment emerged as the leading segment in the Telepresence Equipment market?

Which are the prominent players in the Telepresence Equipment market?

What key trends are likely to emerge in the Telepresence Equipment market in the coming years?

What will be the Telepresence Equipment market size by 2027?

Which company held the largest share in the Telepresence Equipment market?

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