According to the most recent analysis by Emergent Research, the size of the global telepresence market is anticipated to reach USD 10.96 billion in 2030 and record a consistent revenue CAGR of 19.6% throughout the projected period.
Robots used for telepresence are autonomous, monitored from a distance, and outfitted with motorized desktop stands, cameras, and/or smartphones. These robots can be divided into motorized desktop robots, which are stationary, and autonomous mobile robots. Mobile and stationary telepresence robots are the two primary types. Compared to other robotics, these telepresence robots are practical and have more end-use applications.
The market is expanding as a result of rising demand for teleconferences, labor management from a distance, and consumer and personal telepresence robots across a variety of industries, including healthcare, education, retail, and hospitality. Additionally, inexpensive telepresence robots are being introduced for particular end-use scenarios. Increased smartphone usage and technological advancements like Bring Your Device (BYOD) boost market expansion. The market is hampered by these robots’ high prices and limited utility.
The telepresence robot, which leverages current telecommunications infrastructure as well as recent advancements in robotics technology, is the next evolution beyond fixed video conferencing. The fundamental technologies that make these robots possible also drive market expansion. Furthermore, the market is expected to expand in the approaching years without any major obstacles.
Some Key Highlights From the Report:
SuperViz, the leading telepresence platform for virtual meetings, and PureWeb, the top corporate platform for streaming interactive, web-based 3D content, have joined forces as of July 7, 2022. Users will be able to interact with people in a streaming 3D world while feeling as though they are present thanks to this arrangement.
Over the projected period, the hardware segment is anticipated to provide a significant amount of revenue. This is explained by the fact that robotic telepresence is being used more frequently. Businesses can do jobs more effectively thanks to telepresence robots. Due to how simple it is to access them from a person’s home or place of business, they bring far-off clients and employees closer. One can easily become virtually present in their remote place by just logging in with any device. A telepresence robot, as opposed to a standard video call, enables one to virtually be in the same room as their clients.
Due to the rising popularity of immersive telepresence, the static telepresence category is anticipated to account for a sizable revenue share in the global market over the forecast period. Travel is frequently required in the modern global economy to take advantage of fresh business prospects. Face-to-face meetings with partners, staff, and clients will always be important on occasion, but a surprising amount of routine or recurring business travels can be easily replaced by working remotely via video.
Cisco Systems, Inc., Plantronics, Inc., Huawei Technologies Co., Ltd., ZTE Corporation, Lifesize, Avaya, Inc., Vidyo, Inc., VGo Communications, Teliris, Inc., Array Telepresence, Inc.
Emergen Research has segmented the global telepresence market based on 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
Regional Outlook (Revenue, USD Billion; 2019-2030)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA