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Monday, November 6, 2023

Global Telepresence Equipment Market is Anticipated to Grow at a CAGR of 6.5% during 2024 to 2030

The future of the global telepresence equipment market looks promising with opportunities in the healthcare, education, pharmaceuticals, government, commercial, scientific, construction and engineering, and entertainment markets. The global telepresence equipment market is expected to reach an estimated $4.3 billion by 2030 with a CAGR of 6.5% from  2024 to 2030. The major drivers for this market are easy accessibility of high-speed internet connectivity, rising demand for cost-effective solutions, increasing penetration of various electronic devices, and large-scale integration of artificial intelligence (AI) and machine learning (ML) technologies.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the telepresence equipment market by type (multi-codec telepresence, personal telepresence, immersive telepresence, and room-based telepresence), form factor (end-points and infrastructure), enterprise size (large enterprises, medium enterprises, and small enterprises), end use industry (healthcare, education, pharmaceuticals, government, commercial, scientific, construction and engineering, entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, multi-codec telepresence, personal telepresence, immersive telepresence, and room-based telepresence are the major segments of telepresence equipment market by type. Lucintel forecasts that room-based telepresence will remain the largest segment over the forecast period because the room systems possess the capability to convert any area into a telepresence equipment room, enhancing video conferencing with immersive experiences, as well as, organizations using them to enhance collaboration, host board meetings, and facilitate real-time communication.

Within this market, healthcare will remain the largest segment over the forecast period due to increasing usage of telepresence equipment to enhance patient services, including remote therapy, doctor appointments, patient monitoring, and clinical meetings, among other applications, as well as, widespread usage of mobile devices, rising demand for collaborative healthcare, and stringent healthcare regulations.

North America will remain the largest region over the forecast period due to increasing demand for immediate cross-location interaction, supported by the region's well-established technological infrastructure and widespread adoption of cutting-edge technologies.

Avaya, Cisco Systems, Haivision, HP, Huawei Technologies, Microsoft Corporation, Plantronics, Sony Corporation, Vidyo, and ZTE Corporation are the major suppliers in the telepresence equipment market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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