Effective Communication in Workforce Is Spiraling the Growth of Telepresence Equipment Market

Telepresence indicates technologies that permit a user to appear to be present, feel like they are present, or have some impact on space the person does not physically occupy. Telepresence includes tools of video teleconferencing, where a picture and an audio stream are transported to a distant location. More involved robotic installations can assist the user management tasks from a remote location.

Advanced telepresence equipment and resources can be utilized in several industries, from manufacturing to healthcare. Robotics and alternative kinds of pragmatic IT could make telepresence tools that are more powerful, permitting all types of cyber interactions over networks. A significant part of audiovisual telepresence technology is disbursed as rack space server equipment with established applications that handle a teleconference, including scheduling, security, call handling, and other facets of usage. These multifaceted solutions can save businesses plenty of money and endeavor in meetings and conferences that are effective.

According to the research report, the global telepresence equipment market size was valued at USD 1.79 billion in 2020 and is expected to reach USD 2.16 Billion By 2028, growing at a CAGR of 3.1% during the forecast period.

Increasing telepresence robots in healthcare sectors to distantly consult with patients is a significant trend strengthening the telepresence equipment market size. Speedy advancements in 5G technology and the subsequent upsurge in concentration on replacing meetings that are in person with telepresence video conferencing will also step up the market share in coming years.

Managers generally encounter the issue of being stuck in meetings and not being able to finish their daily tasks. By using telepresence robots, managers can interact with their team at any point, just like in physical workplaces. This assists in lessening the time disbursed on meetings. To authorize such systems to enact smoothly, start-ups are operating on multi-functional software systems for telepresence robotics.

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Recent developments

In March 2021, SIGNA and FRINK advanced services, Cisco associate collaborated with Ava Robotics to generate a digital distant sales experience utilizing Ava’s telepresence robots. These Cisco Webex-powered telepresence robots were made to assist clients and realtors in enacting contactless, remote home tours while sustaining a smooth engagement with sales agents.

Key players

The report concentrates on dominant industry players with the know-how on company profiles, services, products, and financial information of the last 3 years. Some of the key players influencing the market are Array Telepresence, Avaya, Inc., Cisco Systems, Inc., Digital Video Enterprises, and HaiVision. Also, Huawei Technologies Co. Ltd., Polycom, Inc., Videonations Limited (Nycomm Communications Group), Vidyo, Inc., and ZTE Corporation are other essential players in the telepresence equipment market.

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