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
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:
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Segment Analysis:
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
Report Attributes
Details
Market size value in 2020
USD 1.79 billion
Revenue forecast in 2028
USD 2.16 billion
CAGR
3.1% from 2021 – 2028
Base year
2020
Historical data
2016 – 2019
Forecast period
2021 – 2028
Key Companies
Array Telepresence, Avaya, Inc., Cisco Systems, Inc., Digital Video Enterprises, HaiVision, Huawei Technologies Co. Ltd., Polycom and others
Segments covered
By Type, By Component, By Organization Size, By End-use Industry, By Region
Regional scope
North America Europe Asia Pacific Latin America; Middle East & Africa
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What Does the Market Report Include?
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)
Telepresence Equipment Component Outlook (Revenue, USD Billion, 2016 – 2028)
Telepresence Equipment Organization Size Outlook (Revenue, USD Billion, 2016 – 2028)
Telepresence Equipment End-Use Outlook (Revenue, USD Billion, 2016 – 2028)
Telepresence Equipment Regional Outlook (Revenue, USD Billion, 2016 – 2028)
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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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