The latest business intelligence report on ‘global telepresence equipment market’ provides a comprehensive analysis of the business sphere, highlighting the key aspects such as growth drivers, restraints, and opportunities impacting the growth trajectory of the industry.
Pune, India, Dec. 07, 2021 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global telepresence equipment market size is projected to record considerable growth over 2021-2027, owing to rapid advancements in 5G technology, and strategic initiatives and innovative product launches by major firms. Besides, growing application of telepresence technology in sectors like healthcare, education, government and others,
The document bifurcates the market sphere into several segments and analyzes them individually to infer their performance and contribution with respect to growth rate and other critical metrics. It also offers a detailed account of factors driving the market expansion across various geographies. The research further profiles all the leading companies and sheds light on the major aspects stakeholders should focus on to ensure strong growth in the upcoming years.
For the unversed, telepresence is an integrated solution that allows individuals in different locations to work together in real time. It consists of codec, speaker, microphone, and monitor components.
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Rapid growth in digital education and technology advancements after the outbreak of the COVID-19 pandemic are projected to propel the industry growth in the coming years.
Further, key players operating in this domain are exploring the opportunities as most of the population shifted to remote working due to the widespread of coronavirus. Citing an instance, Ava Robotics teamed up with SIGNA and FRINK Advanced Services in March 2021 to develop a digital, remote sales experience using Ava's telepresence robots.
Regional scope overview
North America presently holds considerable portion of the overall telepresence equipment market share, creditable to growing usage of telepresence solutions in large and medium-sized enterprises. Moreover, increasing penetration of 5G is accelerating product adoption. Credible sources cited that the total number of 5G connections in the region grew from 4 million in 2019 to 14 million in 2020, and is expected to reach 410 million by 2025.
On the other hand, Asia Pacific industry is expected to grow substantially over 2021-2027, attributable to wide usage of telepresence technology in education sector and corporate offices.
Competitive landscape overview
Indorama Ventures Public Company Limited, Huawei Technologies Co. Ltd., Array Telepresence LLC, Cisco Systems Inc., and Avaya Inc. are among the top organizations in global telepresence equipment market sphere.
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Global Telepresence Equipment Market, by End-User Scope (Value, USD Billion, 2018-2027)
Global Telepresence Equipment Market, by Type (Value, USD Billion, 2018-2027)
Room based Telepresence
Global Telepresence Equipment Market, by Form Factor (Value, USD Billion, 2018-2027)
Global Telepresence Equipment Market, by Vertical (Value, USD Billion, 2018-2027)
Construction & Engineering
Global Telepresence Equipment Market Regional Bifurcation (Value, USD Billion, 2018-2027)
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of the World
Global Telepresence Equipment Market Top Players (Value, USD Billion, 2018-2027)
Indorama Ventures Public Company Limited
Huawei Technologies Co. Ltd.
Array Telepresence LLC
Cisco Systems Inc.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Telepresence Equipment Market, by region, 2019-2027 (USD Billion)
1.2.2. Telepresence Equipment Market, by End-user, 2019-2027 (USD Billion)
1.2.3. Telepresence Equipment Market, by Type, 2019-2027 (USD Billion)
1.2.4. Telepresence Equipment Market, by Form Factor, 2019-2027 (USD Billion)
1.2.5. Telepresence Equipment Market, by Vertical, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Telepresence Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Telepresence Equipment Market Dynamics
3.1. Telepresence Equipment Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
220.127.116.11. Rapid advancement in 5G technology
18.104.22.168. Strategic initiatives by market players
3.1.2. Market Restraint
22.214.171.124. Limitations regarding the user experience of this technology
126.96.36.199. High cost of installation
3.1.3. Market Opportunities
188.8.131.52. Technological advancements
184.108.40.206. Rapid growth in digital education after occurrence of COVID-19 pandemic
Chapter 4. Global Telepresence Equipment Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2018-2027)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Telepresence Equipment Market, by End-user
5.1. Market Snapshot
5.2. Global Telepresence Equipment Market by End-user, Performance - Potential Analysis
5.3. Global Telepresence Equipment Market Estimates & Forecasts by End-user 2018-2027 (USD Billion)
5.4. Telepresence Equipment Market, Sub Segment Analysis
5.4.1. Large Enterprise
5.4.2. Medium Enterprise
5.4.3. Small Enterprise
Chapter 6. Global Telepresence Equipment Market, by Type
a. Market Snapshot
6.1. Global Telepresence Equipment Market by Type, Performance - Potential Analysis
6.2. Global Telepresence Equipment Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
6.3. Telepresence Equipment Market, Sub Segment Analysis
6.3.1. Multi-Codec Telepresence
6.3.2. Personal Telepresence
6.3.3. Immersive Telepresence
6.3.4. Room based Telepresence
Chapter 7. Global Telepresence Equipment Market, by Form Factor
b. Market Snapshot
7.1. Global Telepresence Equipment Market by Form Factor, Performance - Potential Analysis
7.2. Global Telepresence Equipment Market Estimates & Forecasts by Form Factor 2018-2027 (USD Billion)
7.3. Telepresence Equipment Market, Sub Segment Analysis
Chapter 8. Global Telepresence Equipment Market, by Vertical
c. Market Snapshot
8.1. Global Telepresence Equipment Market by Vertical, Performance - Potential Analysis
8.2. Global Telepresence Equipment Market Estimates & Forecasts by Vertical 2018-2027 (USD Billion)
8.3. Telepresence Equipment Market, Sub Segment Analysis
Chapter 9. Global Telepresence Equipment Market, Regional Analysis
Medical Telepresence robots Market Size study and Regional Forecasts 2021-2027
Global Medical Telepresence robots Market to reach USD 597.7 million by 2027.Global medical telepresence robots Market is valued approximately at USD 205.2 million in 2020 and is anticipated to grow with a healthy growth rate of more than 16.50% over the forecast period 2021-2027. Telepresence robots are equipped with sensors, accelerators, video conferencing technologies, etc., and can be remotely monitored. Telepresence robots allows a virtual presence of a human at work. It is normally equipped with wheel-based moving stand, tablets, and other multimedia facilities to provide smooth communication between people at different remote locations. These robots usually use high-speed internet connectivity for multimedia applications. The Medical Telepresence robots' market is being driven by growing demand in healthcare industry, growing demand in enterprises due to efficiency in virtual meetings.
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