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. Steady telepresence market revenue growth can be attributed to growing need to reduce traveling costs and carbon footprint across small and large enterprises. Corporate travel is declining as a result of rising cost of fuel, which has reached USD 125 a barrel, and threat of global warming and climate change.

Telepresence, which is a recent innovation in communication, is aiding progress in many endeavors to reduce significant environmental impact. According to Nortel Networks, telepresence and videoconferencing technologies are increasingly important tools for businesses looking to enhance collaboration and lower their carbon footprints. Businesses are asking how they can strengthen their collaboration without having to travel. The advantages of telepresence are obvious: substantial travel expense savings; increased productivity, and lower carbon footprint. Telepresence will benefit any organization with many locations.

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A recent trend in the market is the use of telepresence for collaboration. Global communication is made possible by advances in communication technologies from all corners of the globe. Businesses and global corporations can communicate easily across teams, locations, and time zones with the use of telepresence. Startups are creating solutions based on virtual reality (VR), for instance, to improve the experience of users attending meetings from anywhere in the world.

The Telepresence Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Telepresence Market. The report offers in-depth research and assessment of the key elements of the global Telepresence Market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Telepresence Market.

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)

Hardware

Displays

Projectors

Camera

Sensors

Audio Device

Lighting

Processors

Interfaces

Others

Software

Cloud Computing Software

Audio-Video Communication Software

Server

Services

System Type Outlook (Revenue, USD Billion; 2019-2030)

Static Telepresence

Immersive Telepresence

Personal Telepresence

Holographic Telepresence

Remote Telepresence Systems

Robotic Telepresence Systems

Industry Outlook (Revenue, USD Billion; 2019-2030)

Industry Dynamics & Market Share, 2022 & 2030

Enterprise Industry

Government

Private

Healthcare Industry

Commercial Industry

Retail

Advertising

Designing

Consumer Industry

Sports

Entertainment

Education Industry

Manufacturing Industry

Energy

Other Industries

Construction

Engineering

Space Application

The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Regional Outlook of Telepresence Market:

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

U.A.E.

South Africa

Rest of MEA

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Objectives of the Report:

Study of the global Telepresence market size by key regions, types, and applications with reference to historical data (2019-2020) and forecast (2022-2030)

Industrial structure analysis of the Telepresence market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape bench marking

Analysis of Telepresence market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Telepresence market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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