Global Telepresence Equipment Market size is projected to grow with a lucrative CAGR during 2023 to 2032, owing to the rising deployment of virtual meeting systems equipped with telepresence capabilities to minimize travel expenses and create innovative ways to conduct meetings with a larger audience.
Organizations are focusing on developing immersive communication technologies, holographic telepresence, and using AR/VR as a default medium of interaction in regions such as Europe, thereby driving industry growth.
Telepresence refers to an integrated solution that facilitates seamless collaboration between people working at remote locations. The rising deployment of telepresence robots in the healthcare sector to help doctors conduct remote consultations with their patients is also one of the key factors bolstering telepresence equipment market value.
Innovative technologies, such as 5G, are undergoing consistent advancements as more companies look to replace in-person meetings with video conferencing, which will amplify the market share. However, despite opportunities for growth, telepresence systems can incur substantial installation costs. Also, it is important for end-users to have sufficient bandwidth for these devices to work, which can add to their overall expenses, and may hinder product adoption.
Telepresence equipment market from the immersive telepresence segment is predicted to exhibit a strong CAGR through 2032, given the introduction of various low-cost immersive telepresence equipment to facilitate remote education. These solutions are also gaining momentum in clinical care applications to assist patients in overcoming their mobility complications, further augmenting product deployment in the healthcare sector.
Based on form factor, global telepresence equipment industry is divided into endpoints and infrastructure. The endpoints segment is further segmented into display, camera, and smartphone. The camera subsegment is expected to capture a sizeable share of the market by 2032. Wireless cameras are becoming an important part of the healthcare domain with the demand for minimally invasive surgeries growing at a robust pace.
Asia Pacific telepresence equipment market revenue is anticipated to grow at a substantial rate by 2032. Many hospitals and companies in countries such as China and Japan are using telepresence robots as personal assistants. The new solution, called OriHime Biz, was built to offer remote care services to patients suffering from chronic health conditions during the COVID-19 pandemic. Such developments are forecast to stimulate regional market expansion.
Avaya Inc., ZTE Corporation, Vidyo, Inc. (Enghouse Systems), Cisco Systems, Polycom (Plantronics), Array Telepresence, Huawei Technologies, and others, are the key companies operating in the global telepresence equipment market. These enterprises are implementing various business strategies, such as collaborations, acquisitions, and product launches, to expand their market footprint.
To cite an instance, in March 2021, Ava Robotics signed a partnership agreement with SIGNA and FRINK Advanced Services, a Cisco partner, to create a digital, remote sales experience for their customers with the help of Ava’s telepresence robots. These Cisco Webex-powered robots were designed to help customers and realtors carry out remote, contactless home tours to ensure seamless interaction with sales agents.
The adoption of telepresence equipment became a prominent trend during the Russia-Ukraine war, as many people did not have direct access to primary healthcare facilities. Elderly patients found it challenging to maintain regular health check-ups, prompting doctors to use telepresence devices to conduct virtual consultations and prescribe the right treatment, which may have created a positive influence on telepresence equipment market dynamics.
This market research report on telepresence equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032, for the following segments:
Market, By Type
Market, By Form Factor
Market, By Enterprise Size
Market, By Application
The above information has been provided for the following regions and countries: