According to the latest report by Emergen Research, the size of the global telepresence market is anticipated to reach USD 10.96 billion in 2030 and log a consistent revenue CAGR of 19.6 percent throughout the projected period. The constant demand for small and large businesses to lower travel expenses and carbon footprints is what's driving the telepresence market's revenue growth. Due to the threat of climate change and rising gasoline prices, which have surpassed USD 125 per barrel, corporate travel is on the decline. A recent development in communication called telepresence is advancing numerous initiatives to significantly lessen environmental effect.
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Nortel Networks claims that telepresence and videoconferencing technologies are becoming more and more crucial tools for companies aiming to improve cooperation and reduce their carbon footprints. Businesses are looking for ways to improve their teamwork without needing to travel. Telepresence has many benefits, including reduced carbon footprint, better productivity, and significant trip cost reductions. Any firm with numerous locations will gain from telepresence.
The usage of telepresence for cooperation is a recent trend in the market. The development of communication technologies around the world has enabled global communication. With the aid of telepresence, businesses and multinational enterprises may seamlessly communicate across teams, regions, and time zones. Startups are developing virtual reality (VR)-based solutions, for example, to enhance the meeting-attending experience for users located anywhere in the world.
A detailed report on the global Telepresence Market formulated through extensive primary and secondary research. The report offers in-depth knowledge and analysis of the Telepresence Market through verified and validated data curated to offer accurate insights. The report also offers a region wise and country wise analysis of the Telepresence Market and contains a detailed analysis of the key elements influencing the growth of the market in the region. The research study also contains historical, current, and forecast estimations for each sector, segment, sub-segment, and regions.
Key participants 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
Displays
Projectors
Camera
Sensors
Audio Device
Lighting
Processors
Interfaces
Others
Software
Cloud Computing Software
Audio-Video Communication Software
Server
Services
System Type Outlook (Revenue, USD Billion; 2019-2030)
Static Telepresence
Immersive Telepresence
Personal Telepresence
Holographic Telepresence
Remote Telepresence Systems
Robotic Telepresence Systems
Industry Outlook (Revenue, USD Billion; 2019-2030)
Industry Dynamics Market Share, 2022 2030
Enterprise Industry
Government
Private
Healthcare Industry
Commercial Industry
Retail
Advertising
Designing
Consumer Industry
Sports
Entertainment
Education Industry
Manufacturing Industry
Energy
Other Industries
Construction
Engineering
Space Application
The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and 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
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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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