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(Construction.IndustryNews247.Com, August 29, 2018 ) Industry Outlook and Trend Analysis
The Telepresence Equipment Market was worth USD 1.75 billion in 2014 and is expected to reach approximately USD 2.24 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 2.77% during the forecast period. Expanding use of telepresence equipment in different applications, for example, education, healthcare and government are the essential components driving the market development. Numerous government authorities are intending to build up telepresence rooms as services as one the source for revenue. Telepresence video conferencing is being progressively adopted by numerous associations as it offers cost effective solutions of elite interaction.
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Drivers and Restraints
The recent technological advancement in robotic telepresence video conferencing is likewise one of the main factors driving the development of telepresence equipment market. The main advantage offered by telepresence equipment is as it offers life size video conferencing which is almost like an actual person’s presence. The different endpoints in telepresence equipment incorporate telepresence camera, Microphone and display devices. The market for various telepresence endpoints is additionally anticipated that would become essentially over the figure time frame. The room based system is the highest income producing section over the estimate time frame because of expanded usage of enterprises.
End User Outlook and Trend Analysis
A considerable lot of the huge corporation and different small and medium enterprises favour in introducing telepresence video conferencing equipment as it offers a realistic method for cooperation between the members by averting the time-lag and disturbance in video conferencing. The Large enterprise segment held majority of the market share in 2016 which is trailed by medium and small companies. Large enterprise holds the biggest share of the total market of telepresence equipment share. By Type the market is segmented into Personal Telepresence, Room based Telepresence, Multi-Codec Telepresence and Immersive Telepresence. By Form Factor the market is segmented into End Points and Infrastructure. By Vertical the market is segmented into Education, Government, Scientific, Entertainment, Healthcare, Pharmaceuticals, Commercial, Construction & Engineering and others.
Regional Outlook and Trend Analysis
North America and Europe markets of Telepresence Equipment were anticipated to witness tremendous development due to expanded use in large and medium enterprises. Telepresence video conferencing Equipment upgrade the method of real-time interaction between the participant's areas at different geological areas. The telepresence equipment offers life-size, superior audio quality and ultra-high-definition images.
Competitive Insights
The leading players in the market are Cisco Systems, ZTE, Huawei, Array Telepresence, Vidyo, Avaya India Pvt Ltd and Polycom. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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The Telepresence Equipment Market is segmented as follows-
By End User:
Medium Enterprise
Large Enterprise
Small Enterprise
By Type:
Personal Telepresence
Room based Telepresence
Multi-Codec Telepresence
Immersive Telepresence
By Form Factor:
End-Points
Infrastructure
By Vertical:
Healthcare
Pharmaceuticals
Commercial
Construction & Engineering
Education
Government
Scientific
Entertainment
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
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