Telepresence Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027
Report ID: GMI4911
Telepresence Equipment Market size is estimated to propel over 2021 to 2027 due to increasing emphasis on economical UCC solutions to control and reduce IT spending by enterprises across the globe. Telepresence equipment help companies to save on travel expenses. It facilitates users with an increased visual collaboration to communicate more effectively and allows users to see facial expression & body languages, which allow the impact of the message to be more effectively communicated.
Telepresence robots are enabling users to remotely interact and observe their surroundings without being physically present there themselves. Telepresence robots have added mobility and adaptability to traditional modes of video conferencing. Telepresence robots are considered as an alternative in cases where the travel involved for meetings or visits to branches is more routine. They are rapidly being deployed in factory inspection tours without the inspector having to be present on the ground, allowing businesses to cut down on costs associated with the travel.
The telepresence equipment is criticized for being very high on investment without producing sufficient return on investment. Furthermore, it has a short autonomous battery life of eight hours, which can be less depending on the usage. It also requires consistent high-speed Wi-Fi connectivity for efficient video conferencing; The high cost of investment coupled with various disadvantages of telepresence equipment can be considered as a hindrance to the market.
The current COVID-19 pandemic is supporting the high growth of the telepresence equipment market owing to the rapid adoption of work from home culture and social distancing norms that are made mandatory by various governments globally. The work-from-home culture has created a demand for personal telepresence impelled by various businesses complaining about the low-quality of video conferencing in the traditional video conferencing methods.
Telepresence robots have also helped in reducing the spread of infection in hospitals and healthcare institutions. For instance, in April 2020, Ava Robotics has deployed telepresence robots in hospitals, enabling doctors quarantined at home to be present in emergency rooms and allowing nurses to see patients without having to worry about the personal protective equipment.
Room-based telepresence equipment market is anticipated to propel its share through 2027. It is widely used across corporates for conducting board room meetings and sharing large size media files. It enables enterprises to collaborate and communicate conveniently and provides two-way real-time communication.
Based on the application segment, the healthcare sector is likely to hold a substantial market share during 2021 to 2027. The use of telepresence has transformed the healthcare sector and the way healthcare institutions collaborate with each other. With the ability to confer and train with doctors in real-time, hospitals and healthcare institutions have improved the quality of healthcare for patients. Telepresence equipment are providing institutions with improved access to support & expertise and ensure that patients receive timely & safe delivery of care. It is used across the healthcare industry to enable doctors to provide consultations, perform operations, and surgeries through remote locations
North America is estimated to account for the highest telepresence equipment market share in 2027 driven by the presence of prominent players and highest technological adoption in the region. Europe is anticipated to follow North America in terms of market share in 2027. Asia Pacific is projected to witness a significant growth over the forecast period propelled by rapid digitization across the end-use sector. Predominantly, the education and healthcare sectors in the region are adopting telepresence to facilitate real-time interactions to remote locations.
Some of the key players operating in the telepresence equipment market include ZTE Corporation, Array telepresence, Huawei Technologies Co., Ltd, Cisco Systems, Inc., Vidyo, Inc., Polycom INC., and Avaya Inc. Companies are focusing on strategic alliances and product innovation to increase their market share. For instance, in September 2019, Cisco Systems, Inc. partnered with the Directorate General of Training (DGT) of India. It will equip six National Skill Training Institutes (NSTI) at Kolkata, Noida, Chennai, Bengaluru, Kanpur, and Mumbai with Cisco telepresence and Cisco WebEx to facilitate digital learning experience to faculty and students.
This market research report on telepresence equipment includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027, for the following segments:
Market, By Type
Market, By Form Factor
Market, By Enterprise Size
- Small enterprise
- Medium enterprise
- Large enterprise
Market, By Application
- Corporate enterprise
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Australia & New Zealand (ANZ)
- South East Asia
- Latin America
- Saudi Arabia
- South Africa
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