Telepresence Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Telepresence Robotics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Technology & Media | PPT format

Report Digest


Global Telepresence Robotics Market: Snapshot

Numerous little to enormous organizations use telepresence and video conferencing frameworks for virtual gatherings with clients, representatives, or accomplices situated at far off areas. It empowers productive correspondence among people situated in various pieces of the world, without voyaging physically. In spite of the fact that telepresence and video conferencing are utilized conversely, the two advancements offer unmistakable capacities.

  • The objective of these advancements is to make an eye to eye condition or a reenacted meeting room, however each device utilizes to some degree diverse methodology for the goal.
  • Telepresence innovations offer a less complex rendition of the detailed usefulness that video conferencing innovation offers. Telepresence apparatuses likewise empower calls to be planned and executed by outsiders, in this way liberating members from the need to do it without anyone's help.
  • Video conferencing apparatuses give satisfactory usefulness at a lower cost, consequently organizations are progressively this innovation over higher performing telepresence instruments. This pattern is relied upon to proceed as video conferencing is developing as a reasonable and maintainable apparatus.
  • Individual video conferencing, video multipoint control unit (MCU), vivid telepresence, room-based video conferencing, and cloud video conferencing are a portion of the structure components of telepresence and video conferencing. The mechanical requirements of telepresence and video conferencing incorporate single-codec SD/HD, telepresence endpoints, multi-codec, and framework gear.
  • Along these lines, the telepresence robot is the following phase of development past stationary video conferencing, which exploits the current media transmission framework just as ongoing advances in robotics innovation.
  • The center empowering innovations for these robots additionally fuel the market development. Further, with no huge boundaries, the market is anticipated to develop in the up and coming years.

Global Telepresence Robotics Market: Overview

The demand within the global market for telepresence robotics has been rising on account of the supremacy of these robots over other conventional robotic systems. Telepresence robots are equipped with display screens and are connected to a smart device such as smartphone or desktop. These robots are also known as motorised desktop robots or autonomous mobile robots, and have gained traction from several industrial units. The two types of telepresence robots available in the market are stationary and types mobile robots, and both of these types are popular across multiple sectors. The domain of robotics has emerged as a panacea for several sectors and industries as it has helped in improving efficiency and incorporating innovation. Furthermore, the trust shown by industrial leaders in robotic technologies has put pressure on the manufacturers of robotic devices to maintain high quality standards. Telepresence robots can be monitored remotely, and this factor has played a key role in enhancing the growth prospects of the global market for telepresence robots. In view of the aforementioned points, it is safe to assert that the global telepresence robotics market would expand at a stellar rate in the years to come.

The global telepresence robotics market can be segmented on the basis of the following parameters: type, application, end-use industry, and region. All of these segments cumulatively define the growth dynamics of the global telepresence robotics market.

A report on the global telepresence robotics market is an evaluative account of the trends, opportunities, conditions, and restraints pertaining to the global telepresence robots market. The report follows a simple and elaborate approach to explain the various drivers of demand within the global market for telepresence robots. The market for telepresence robotics lies in a niche segment of the technology and media sector.

Global Telepresence Robotics Market: Trends and Opportunities

The demand within the global telepresence robotics market has been rising on account of advancements in the global business landscape. The need to conduct teleconferences to setup business meetings, sign deals, and make agreements has been a recurring trend in the business sector. Furthermore, telepresence robots can help in remotely managing the personnel or workforce within an organisation which has given an impetus to the growth of this market in recent times. The hospitality and tourism industry has emerged as a key consumer within the global market for telepresence robotics in recent times. This factor shall also play a pivotal role in the growth of the global telepresence robotics market over the forthcoming years.

Global Telepresence Robotics Market: Market Potential

The use of telepresence robots for guiding tours across cities and areas of visit is projected to offer commendable growth opportunities within the global market for telepresence robotics. Furthermore, telepresence robots also stand in for night watchmen and factory inspectors, and this factor is projected to aid the growth of the global market for telepresence robots. The use of telepresence robots in the healthcare sector is another key driver of demand within the global telepresence robotics market.

Global Telepresence Robotics Market: Regional Outlook

The demand within the telepresence robotics market in North America has been increasing at a skyrocketing pace in recent times. This trend owes to the use of telepresence robots to assist healthcare consultants across several healthcare centers in the US and Canada. Furthermore, the deployment of telepresence robots in the retail sector of the US has also aided regional growth.

Global Telepresence Robotics Market: Competitive Landscape

Some of the key vendors in the global telepresence robotics market are Double Robotics, Inc., InTouch Health, VGo Communications, Inc., and Anybots Inc. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.