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Telepresence (Videoconferencing) Market | Exactitude Consultancy Reports

1 Views· 01/June/23
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Telepresence (Videoconferencing) Market by Component (Hardware, Software, Services) by Deployment (On-premise, Cloud) by Application (Consumer, Enterprise), by System Type (Static Telepresence, Remote Telepresence Systems) by Industry (Enterprise Industry, Healthcare Industry, Commercial Industry) and Region, Global trends and forecast from 2022-2029

The telepresence (videoconferencing) market is expected to grow at 11.71 % CAGR from 2022 to 2029. It is expected to reach above USD 16.61 billion by 2029 from USD 4.83 billion in 2021.

A group of technologies known collectively as telepresence enable a person to appear or appear to be present via telerobotic at a location other than their actual location. In order for telepresence to give users the impression that they are in another place, certain stimuli must interact with their senses. Furthermore, users might be given the power to influence the remote location. The user’s position, motions, actions, voice, etc. may be sensed in this scenario in order to transmit and reproduce in the remote place to achieve this effect. Information may therefore be transferred between the user and the remote location in both directions.

Segment Analysis
The telepresence (videoconferencing) market is segmented based on component, deployment, application, system type, industry and region.

Based on the component, the market is segmented into hardware, software and services. The hardware segment accounted for the highest market share in 2021. The factors affecting the segment growth are increased usage of laptops, smartphones and desktops equipped with high resolution cameras. The segment growth can also be attributed to increasing adoption of robotic telepresence. As these can be accessed from the convenience of one’s home or workplace they are in demand.

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