Polaris Market Research.

According to Polaris Market Research, The global telepresence equipment market in 2020 was approximately 1.79 billion. The market is expected to grow at a CAGR of 3.1% and is anticipated to reach around USD 2.16 Billion by 2028.  The report “Telepresence Equipment Market Share, Size, Trends, Industry Analysis Report, By Type (Immersive, Personal, Room based, Multi-Codec, Robotic, Others); By Component (Hardware, Software, Services); By Organization Size (Large Enterprises, Small and Medium-Sized Businesses); By End-Use; By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Market Overview :

A rise in investment by small and medium-sized businesses and technological advancement in the telecommunication industry is anticipated to boost the industry’s growth over the projected period. The growing trend of remote work culture, especially during the pandemic, is expected to raise the demand for investment during the forecast period.

The outbreak of COVID-19 has necessitated the use of telepresence equipment across healthcare facilities to allow remote observation of patients and offer remote therapy while reducing the risk of infection. 

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Impact of COVID-19:

The report analyses the COVID-19 impact on the global telepresence equipment market. The outbreak has spread around the globe with the World Health Organization declaring it a public health emergency. The global effects of coronavirus disease (COVID-19) will significantly affect the market in the forecast period from 2021-2028.

Competitive Scenario:

Top Companies in the Market

• Array Telepresence
• Avaya, Inc.
• Cisco Systems, Inc.
• HaiVision
• Huawei Technologies Co. Ltd.
• Polycom, Inc.
• Videonations Limited
• Vidyo, Inc.
• ZTE Corporation
• Digital Video Enterprises

In the next chapter, the report analysts have profiled leading players of the global telepresence equipment market, keeping in mind their recent developments, market share, sales, revenue, areas covered, product portfolios, and other aspects. Also, valuable analysis on strengths and weaknesses, business developments, recent advancements, mergers and acquisitions, and product portfolios of leading players has been offered in this report.

Moreover, the regional market is investigated to track why some regions are moving towards growth at a high rate while remaining at a low rate. Also, the report has determined Porter’s Five Forces and PESTLE analysis for a deeper study on the global telepresence equipment market.

The report claims to separate the regional scope of the global telepresence equipment market into:

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

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Segment Analysis:

• Based on type, the industry has been segmented into immersive, personal, room-based, multi-codec, robotic, and others. The room-based segment accounted for a major industry share due to a greater need for remote collaboration and real-time communication.
• However, the demand for robotic is expected to increase during the forecast period. Robotic have been used during the pandemic for improved patient care, consulting with specialist doctors, and connecting patients to the outside world.
• The component segment has been segmented into software, hardware, and services. In 2020, the hardware segment held the highest industry share. There has been an increasing demand for high-quality hardware devices such as cameras, display devices, and microphones to enable superior audio and video communication quality. This equipment transmits premium quality video owing to the adoption of advanced hardware devices.

Production And Consumption Analysis:

The report identifies a global telepresence equipment market’s consumption pattern and its’ effect on the competitive positioning. The important differences in the consumption and buying patterns by country and by region are studied in the report. It then encapsulates the achievements and other major developments in the industry. The production, industry gaps, and other key areas are enclosed under the report.

Telepresence Equipment Market Report Scope

What Does the Market Report Include?

• Analysis of the technological status of the processes.
• Analysis of the consumption patterns.
• The international business environment, reasons for gaps, and initiatives are discussed.
• Product applications and types are suggested.
• The products or goods and consumption in a particular country and region are given.
• The forecasts for the anticipated period 2022-2028 are mentioned.
• Several barriers and hurdles in the global telepresence equipment market that the players have to overcome are highlighted.

Polaris Market Research has segmented the telepresence equipment market report on the basis of type, component, organization size, end-use, and region:

Telepresence Equipment Type Outlook (Revenue, USD Billion, 2016 – 2028)

• Immersive
• Personal
• Room based
• Multi-Codec
• Robotic
• Others

Telepresence Equipment Component Outlook (Revenue, USD Billion, 2016 – 2028)

• Hardware
• Software
• Services

Telepresence Equipment Organization Size Outlook (Revenue, USD Billion, 2016 – 2028)

• Large Enterprises
• Small and Medium-Sized Businesses

Telepresence Equipment End-Use Outlook (Revenue, USD Billion, 2016 – 2028)

• Education
• Healthcare
• Commercial
• Manufacturing
• Others

Telepresence Equipment Regional Outlook (Revenue, USD Billion, 2016 – 2028)

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Netherlands
• Austria
• Asia Pacific
• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Latin America
• Brazil
• Mexico
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa
• Israel
• UAE

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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