The global telepresence equipment market size is anticipated to reach USD 2.45 Billion by 2025, at a registering a CAGR of 2.9% over the forecast period, according to a new report by Grand View Research, Inc. The need for the enterprises to reduce the cost in travelling for the employees is primary factor driving the market growth.
Increasing
usage of telepresence equipment in various applications such as health care,
education and government are the primary factors driving the market growth.
Many government authorities are also planning to establish telepresence rooms
as services as one the avenues for revenue. Telepresence video conferencing is
being increasing adopted by many organizations as it offers cost effective
solutions of high quality interaction.
The
Recent technological innovation in robotic telepresence video conferencing is
also one of the major driving the market growth. The major advantage offered by
telepresence equipment is as it offers Lifesize video conferencing which give
the feel of real person existence. The various end points in telepresence
equipment include telepresence camera, Microphone and display devices. The
market for various telepresence end-points are also expected to grow
significantly over the forecast period.
The
Room based telepresence system is highest revenue generating segment over the
forecast period due to increased use of enterprises. Virtual presence of the
individuals in the meeting will enhance experience thereby reducing the cost of
travelling. But high cost of installation is one the major restraint for growth
telepresence equipment market. Telepresence Equipment are being increasingly
adopted in North America region which occupy significant market share over the
forecast period.
Full Research Report On Telepresence Equipment Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/telepresence-equipment-market
Further key
findings from the report suggest:
- The growing
adoption of usage of telepresence equipment in large enterprises to reduce
the cost of the traveling is the primary factor which drives the market.
- The Medium
enterprise end-user segment is expected to portray high growth rate with a
CAGR of 3.2% over the projected period.
- The North
America Telepresence equipment regional market is expected to have
significant growth over the forecast period, owing to the adoption of
telepresence equipment in enterprises.
- The key
players of the market include Array telepresence, Avaya Inc, Cisco Systems
Inc., Huawei Technologies Co. Ltd, Polycom, Inc, Vidyo Inc and ZTE
Corporation
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/telepresence-equipment-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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