Telepresence Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Telepresence Equipment Trends and Forecast

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.

A more than 150-page report is developed to help in your business decisions.

Telepresence Equipment by Segment

The study includes a forecast for the global telepresence equipment by type, form factor, enterprise size, end use industry, and region.

Telepresence Equipment Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Multi-Codec Telepresence
• Personal Telepresence
• Immersive Telepresence
• Room-Based Telepresence

Telepresence Equipment Market by Form Factor [Shipment Analysis by Value from 2018 to 2030]:

• End-Points
• Infrastructure

Telepresence Equipment Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprises
• Medium Enterprises
• Small Enterprises

Telepresence Equipment Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Healthcare
• Education
• Pharmaceuticals
• Government
• Commercial
• Scientific
• Construction and Engineering
• Entertainment
• Others

Telepresence Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Telepresence Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies telepresence equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the telepresence equipment companies profiled in this report include-

• Avaya
• Cisco Systems
• Haivision
• HP
• Huawei Technologies
• Microsoft Corporation
• Plantronics
• Sony Corporation
• Vidyo
• ZTE Corporation

Telepresence Equipment Market Insights

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.

Features of the Global Telepresence Equipment Market

Market Size Estimates: Telepresence equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Telepresence equipment market size by various segments, such as by type, form factor, enterprise size, end use industry, and region in terms of ($B).

Regional Analysis: Telepresence equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, form factors, enterprise sizes, end use industries, and regions for the telepresence equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the telepresence equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the telepresence equipment market size?

Answer: The global telepresence equipment market is expected to reach an estimated $4.3 billion by 2030.

Q.2 What is the growth forecast for telepresence equipment market?

Answer: The global telepresence equipment market is expected to grow with a CAGR of 6.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the telepresence equipment market?

Answer: 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.

Q4. What are the major segments for telepresence equipment market?

Answer: The future of the telepresence equipment market looks promising with opportunities in the healthcare, education, pharmaceuticals, government, commercial, scientific, construction and engineering, and entertainment markets.

Q5. Who are the key telepresence equipment market companies?

Answer: Some of the key telepresence equipment companies are as follows:

• Avaya
• Cisco Systems
• Haivision
• HP
• Huawei Technologies
• Microsoft Corporation
• Plantronics
• Sony Corporation
• Vidyo
• ZTE Corporation

Q6. Which telepresence equipment market segment will be the largest in future?

Answer: 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.

Q7. In telepresence equipment market, which region is expected to be the largest in next 5 years?

Answer: 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.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• 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?