Telepresence equipment makes video conferencing a great experience by giving a feeling of real person being present at the same place other than their true location. Telepresence equipment components include microphone, telepresence camera, and display devices. Telepresence is a sensation of being elsewhere, which is created by virtual reality technology, and is especially used for remote control of machinery. Telepresence services provides high speed data transfer capabilities which enables users to communicate without any hurdles.
Technological inventions such as robotic telepresence video conferencing is expected to fuel growth of global telepresence equipment market in the next 10 years
Rising adoption of virtual meetings in the corporate world, due to increasing globalization, and to reduce traveling cost for the employees are key factors driving growth of the global telepresence equipment market. In addition, technological inventions such as robotic telepresence video conferencing is expected to further fuel growth of the global telepresence equipment market. Moreover, increasing usage of telepresence equipment by governments of various countries, and in various end-use applications such as education sector, healthcare sector, etc., is another factor boost growth of the telepresence equipment market over the forecast period.
However, higher installation cost, and lack of bandwidth in some area in developing countries are the key factors restraining growth of the global telepresence equipment market.
Furthermore, governments initiatives and planning for establishing telepresence rooms as services for population and increasing adoption of telepresence video conferencing systems by organisations in some developed countries owing to its cost-effectiveness of high quality interaction are factors expected to create various opportunities for market players in the global telepresence equipment market over the forecast period.
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The global telepresence and equipment market has been segmented on the basis of type, form factor, end-user, and region. The global telepresence and equipment market region covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is the dominant in the global telepresence equipment market and is expected to continue its dominance, owing to increasing acceptance of video conferencing and VoIP based technologies in countries in this region. Asia Pacific market is expected to register highest CAGR during the forecast period, owing to surging industrialization in countries in this region.
Key players in the global telepresence equipment market include Array Telepresence Inc., Avaya Inc., Cisco Systems Inc., Huawei Technologies Co., Ltd., Polycom Inc., Vidyo Inc., ZTE Corporation, Digital Video Enterprises Inc., Microsoft Corporation, and HaiVision Systems Inc.