Telepresence Equipment Market To Reach $5.03 Billion By 2030

Telepresence Equipment Market Growth & Trends

The global telepresence equipment market size is expected to reach USD 5.03 billion by 2030, registering to grow at a CAGR of 5.6% from 2024 to 2030 according to a new report by Grand View Research, Inc. The need for the enterprises to reduce the cost in travelling for the employees is primary factor driving the market growth.

Increasing usage of telepresence equipment in various applications such as health care, education and government are the primary factors driving the market growth. Many government authorities are also planning to establish telepresence rooms as services as one the avenues for revenue. Telepresence video conferencing is being increasing adopted by many organizations as it offers cost effective solutions of high quality interaction.

The Recent technological innovation in robotic telepresence video conferencing is also one of the major driving the market growth. The major advantage offered by telepresence equipment is as it offers Lifesize video conferencing which give the feel of real person existence. The various end points in telepresence equipment include telepresence camera, Microphone and display devices. The market for various telepresence end-points are also expected to grow significantly over the forecast period.

The Room based telepresence system is highest revenue generating segment over the forecast period due to increased use of enterprises. Virtual presence of the individuals in the meeting will enhance experience thereby reducing the cost of travelling. But high cost of installation is one the major restraint for growth telepresence equipment market. Telepresence Equipment are being increasingly adopted in North America region which occupy significant market share over the forecast period.

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Telepresence Equipment Market Report Highlights

• The 2D telepresence segment dominated the market and held maximum revenue share of 74.6% in 2023. The ease and effectiveness in communication have supported the significant growth. The HD videos and uninterrupted streaming enable several business processes to be conducted remotely.

• Immersive telepresence held a significant revenue share of 29.3% in 2023 and is expected to grow at the fastest CAGR of 9.7% from 2024 to 2030. These systems provide enhanced communication experience by providing virtual communication environments in realistic 3D immersion.

• Large enterprises held the maximum revenue share of 58.5% in 2023. As many large international organizations require to collaborate the operations across the world, telepresence systems are a mandatory requirement to work efficiently.

Telepresence Equipment Market Segmentation

Grand View Research has segmented the telepresence equipment market based on end-use, type, form-factor, vertical and regions:

Telepresence Equipment Product Outlook (Revenue, USD Million, 2020 - 2030)

• 2D Telepresence

• 3D Holographic Telepresence

Telepresence Equipment Type Outlook (Revenue, USD Million, 2020 - 2030)

• Multi-Codec Telepresence

• Personal Telepresence

• Immersive Telepresence

• Room-based Telepresence

Telepresence Equipment End-use Outlook (Revenue, USD Million, 2020 - 2030)

• Small Enterprise

• Medium Enterprise

• Large Enterprise

Telepresence Equipment Regional Outlook (Revenue, USD Million, 2020 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • South Arabia

  • UAE

List of Key Players in Telepresence Equipment Market

• Avaya LLC

• Cisco Systems, Inc.

• Digital Video Enterprises, Inc.

• Enghouse Video (Vidyo Inc.)

• HP Development Company, L.P. (Polycom Inc.)

• Huawei Technologies Co., Ltd.

• Integration Technologies Group, Inc.

• Musion Events Ltd and Musion 3D Ltd.

• Sony Group Corporation

• ZTE Corporation