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.
The Global Telepresence Market Research Report provides a brief overview inclusive of the competitive landscape and key developments, policies, manufacturing costs, and processes. The report also provides the analysis of import/export, production and consumption ratio, supply and demand, cost, price, estimated revenue, and gross margins. The report further discusses in detail the driving factors influencing the growth of the market currently and in the coming years.
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)
Cloud Computing Software
Audio-Video Communication Software
System Type Outlook (Revenue, USD Billion; 2019-2030)
Remote Telepresence Systems
Robotic Telepresence Systems
Industry Outlook (Revenue, USD Billion; 2019-2030)
Industry Dynamics & Market Share, 2022 & 2030
The Global Telepresence Market is further analyzed across the key geographical locations where the market has expanded to a significant size. The key region analyzed are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report offers a country-wise analysis to provide a comprehensive analysis of the Telepresence market in terms of production and consumption patterns, supply and demand ratio, import/export, revenue contribution, trends, and presence of prominent players in each region.
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Table of Contents:
Chapter 1 includes an introduction of the global Telepresence market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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