The latest report, titled ‘Global Telepresence Market,’ comprises a profound analysis of the fundamental parameters contributing to the global Telepresence Market scenario. The research report provides the reader with an in-depth interpretation of the Telepresence Market dynamics, including the crucial drivers, opportunities, threats, and challenges. The report also describes the key business strategies, demand and supply ratios, leading regions, and the renowned market players, in a nutshell, offering a futuristic outlook of the overall Telepresence market industry.

The global telepresence market size is expected to reach USD 10.96 Billion in 2030 and register a steady revenue CAGR of 19.6% over the forecast period. Steady telepresence market revenue growth can be attributed to growing need to reduce traveling costs and carbon footprint across small and large enterprises. 

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Corporate travel is declining as a result of rising cost of fuel, which has reached USD 125 a barrel, and threat of global warming and climate change. Telepresence, which is a recent innovation in communication, is aiding progress in many endeavors to reduce significant environmental impact. According to Nortel Networks, telepresence and videoconferencing technologies are increasingly important tools for businesses looking to enhance collaboration and lower their carbon footprints. Businesses are asking how they can strengthen their collaboration without having to travel. The advantages of telepresence are obvious: substantial travel expense savings; increased productivity, and lower carbon footprint. Telepresence will benefit any organization with many locations.

Key insights presented in the report:

Market revenue shares by major business players, by type, by application, and market scope of global Telepresence market

Sales revenue by key players and new entrants

Competitive analysis of key players, including aspects such as company overview, product or services specification, vendors, and buyers

Recent mergers, acquisitions, product launches, recent investments, and joint ventures

Regional analysis to provide insight into recent trends and opportunities

Competitive Outlook:

The global Telepresence market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Telepresence market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Some major companies operating in the global market include Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.

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Emergen Research has segmented the global telepresence market on the basis of component & services, system type, industry, and region:

• Component & Services Outlook (Revenue, USD Billion; 2019-2030)

  • Hardware
    1. Displays
    2. Projectors
    3. Camera
    4. Sensors
    5. Audio Device
    6. Lighting
    7. Processors
    8. Interfaces
    9. Others
  • Software
    1. Cloud Computing Software
    2. Audio-Video Communication Software
    3. Server
  • Services

• System Type Outlook (Revenue, USD Billion; 2019-2030)

  • Static Telepresence
    1. Immersive Telepresence
    2. Personal Telepresence
    3. Holographic Telepresence
  • Remote Telepresence Systems
    1. Robotic Telepresence Systems

• Industry Outlook (Revenue, USD Billion; 2019-2030)

  • Industry Dynamics & Market Share, 2022 & 2030
  • Enterprise Industry
    1. Government
    2. Private
  • Healthcare Industry
  • Commercial Industry
    1. Retail
    2. Advertising
    3. Designing
  • Consumer Industry
    1. Sports
    2. Entertainment
  • Education Industry
  • Manufacturing Industry
    1. Energy
  • Other Industries
    1. Construction
    2. Engineering
    3. Space Application

The report aims to provide a complete analysis of the global Telepresence market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Telepresence market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.

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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Outlook of Telepresence Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

Key Features of the Telepresence Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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