Telepresence (Videoconferencing) Market Worth 2.63 Billion USD by 2022
PUNE, India, July 14, 2016 /PRNewswire/ --
According to the new report "Telepresence (Videoconferencing) Market by Component (Hardware, Software and Service), System Type (immersive Telepresence, Personal Telepresence, Holographic Telepresence, and Robotic Telepresence), Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets, the global market is expected to reach USD 2.63 Billion by 2022 at a CAGR of 19.6% between 2016 and 2022.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 68 market data Tables and 53 Figures spread through 144 Pages and in-depth TOC on "Telepresence (Videoconferencing) Market"
http://www.marketsandmarkets.com/Market-Reports/telepresence-videoconferencing-market-193932914.html
Early buyers will receive 10% customization on this report.
Factors such as technological superiority, reduced costs of travel for small and large enterprises, minimized operational cost, and growing demand for robotic telepresence are the key drivers for telepresence market.
Software component held the largest market share in 2015 and is expected to exhibit high growth during the forecast period
Software is major component in a telepresence system. A telepresence system works on various software such as cloud computing and CAD among others. The updating of software provides easy access to IP networks and flexibility to collaborate with devices such as desktops, tablets, and smartphones. These periodic upgrades contribute toward the growth of the Telepresence Market for software.
Telepresence helps reduce travel costs in the enterprise sector
Many small to large business sectors use telepresence systems for virtual meetings with their distantly located customers, employees, or partners. It facilitates efficient communication with people across the globe, without having to travel physically. This significantly reduces the travel expenses; this is one of the major driving factors for the growth of the telepresence market, globally.
North America held the largest share of the telepresence market
The major tech companies such as Cisco Systems Inc. (U.S.), Polycom Inc. (U.S.), ZTE Corp. (U.S.), Avaya Inc. (U.S.) and Vidyo Inc. (U.S.) among others has been developing telepresence systems for various verticals; this is one factor responsible for the dynamic growth of the telepresence market in North America. The U.S. held the largest market share in North America, in 2015. Additionally, their application in the medical sector has fueled market growth.
The market in APAC is expected to grow at the highest CAGR during the forecast period. The increasing number of businesses in APAC has increased the demand for videoconferencing technologies. The use of advanced videoconferencing such as telepresence help users experience close-to-real presence of a person in some other part of the world. Japan, China, and India hold a large share of this market in APAC.
Inquiry Before Buying: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=193932914
Some of the players operating in APAC are Cisco Systems, Inc. (U.S.), Polycom Inc. (U.S.), Avaya Inc. (U.S.), ZTE Corp. (U.S.), Huawei Technologies Co., Inc. (China), VGo Communications, Inc. (U.K.), Vidyo Inc. (U.S.), Teliris Inc. (U.K.) and Array Telepresence (U.S.) among others.
Browse Related Reports
Holographic Display Market by Technology (Electro holographic, Touchable, Laser), Product (Camera, Digital Signage, Medical scanners, Smart TV), Application (Consumer, Commercial, Medical, Industrial ), Geography - Global Forecast to 2013 - 2020
http://www.marketsandmarkets.com/Market-Reports/holographic-market-144316799.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firms in terms of annual published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta City, Hadapsar
Pune, Maharashtra 411013, India
Tel: + 1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article