The global telepresence market size is expected to reach USD 10.96 Billion in 2030 and register a steady revenue CAGR of 19.6% over the forecast period, according to latest analysis by Emergen Research. The constant demand for small and large businesses to lower travel expenses and carbon footprints is what's driving the telepresence market's revenue growth. Due to the threat of climate change and rising gasoline prices, which have surpassed USD 125 per barrel, corporate travel is on the decline.
A recent development in communication called telepresence is advancing numerous initiatives to significantly lessen environmental effect. Nortel Networks claims that telepresence and videoconferencing technologies are becoming more and more crucial tools for companies aiming to improve cooperation and reduce their carbon footprints.
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Businesses are looking for ways to improve their teamwork without needing to travel. Telepresence has many benefits, including reduced carbon footprint, better productivity, and significant trip cost reductions. Any firm with numerous locations will gain from telepresence.
The usage of telepresence for cooperation is a recent trend in the market. The development of communication technologies around the world has enabled global communication. With the aid of telepresence, businesses and multinational enterprises may seamlessly communicate across teams, regions, and time zones. Startups are developing virtual reality (VR)-based solutions, for example, to enhance the meeting-attending experience for users located anywhere in the world. For instance, the Lebanese company SilexPro offers solutions for visual communication and group collaboration.
The Global Telepresence Market Report, published by Emergen Research, offers an industry-wide assessment of the Telepresence Market, which is inclusive of the most crucial factors contributing to the growth of the industry. The latest research report comprises an extensive analysis of the micro- and macro-economic indicators that influence the global market development during the forecast period of 2022-2030.
Key participants include Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.
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Emergen Research has segmented the global telepresence market on the basis of component services, system type, industry, and region:
Component Services Outlook (Revenue, USD Billion; 2019-2030)
Cloud Computing Software
Audio-Video Communication Software
System Type Outlook (Revenue, USD Billion; 2019-2030)
Remote Telepresence Systems
Robotic Telepresence Systems
Industry Outlook (Revenue, USD Billion; 2019-2030)
Industry Dynamics Market Share, 2022 2030
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Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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