Telepresence and Videoconferencing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Telepresence and Videoconferencing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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

Report Digest


Global Telepresence and Videoconferencing Market: Snapshot

Telepresence refers to a technology bundle that can allow an individual or a group of people to achieve the sensation of being present at a different location. To do so they can also use telerobotics, and telepresence needs a user to achieve strongly the feeling of being present in a different intended location by providing them stimulus to single or multiple of their senses. More than being present at the location, a user may also be given input fields that they can use to physically affect the remote location. For instance, a user may be able to provide inputs in audio or actions that can be transmitted to the remote location and create the intended effect at the location. This implies that telepresence technologies can be unidirectional as well as bidirectional.

Videoconferencing is one of the most common forms of telepresence communications. There is a high level of technological complexity involved in the use of video conferencing in the modern world, especially when multiple users are reporting in from different locations to the remote location. Advancements in these technologies have allowed users to gain high fidelity in both audio and visual inputs and outputs. Another desired addition to telepresence and videoconferencing is the use of mobile technologies to enhance the manner in which processes can be carried out. Being a part of a conference from a remote location is becoming easier by the day, thanks to the advent and advancements of mobile devices.

Global Telepresence and Videoconferencing Market: Overview

Many small to large businesses use telepresence and video conferencing systems for virtual meetings with customers, employees, or partners located at distant locations. It enables efficient communication among individuals located in different parts of the world, without having to travel physically. Although telepresence and video conferencing are used interchangeably, the two technologies offer distinct capabilities. However, the implicit goal of these technologies is to create a face-to-face environment or a simulated boardroom, but each tool uses somewhat different approach for the objective.

Video conferencing allows transmission of audio, video, and on-screen text. Sophisticated video conferencing solutions enable transmission of full motion videos and high-quality audio across multiple locations. Video conferencing offers additional bells and whistles due to which users receive a wide range of deployment options. On the other hand, telepresence technologies offer a simpler version of the elaborate functionality that video conferencing technology offers. Telepresence tools also enable calls to be scheduled and executed by third parties, thereby freeing participants from the need to do it themselves.

Global Telepresence and Videoconferencing Market: Cost Considerations

In cost considerations, video conferencing is preferred over telepresence by budget-conscious businesses. Although telepresence tools offer functional advantages, they are several times higher in terms of price as compared to video conferencing products. This trend is expected to continue in the coming years, so it’s important for businesses to make careful deliberation of what’s more important: the distinguished environment of telepresence technologies or cost savings offered by video conferencing technologies.

Video conferencing tools provide adequate functionality at a lower cost, thereby companies are increasingly this technology over higher performing telepresence tools. This trend is expected to continue as video conferencing is emerging as a viable and sustainable tool.

Global Telepresence and Videoconferencing Market: Service Offerings and Technological Requisites

Personal video conferencing, video multipoint control unit (MCU), immersive telepresence, room-based video conferencing, and cloud video conferencing are some of the form factors of telepresence and video conferencing. The technological requisites of telepresence and video conferencing include single-codec SD/HD, telepresence endpoints, multi-codec, and infrastructure equipment.

Global Telepresence and Videoconferencing Market: Drivers and Restraints

Growth in infrastructure, technological advancements, and diminishing high definition endpoints are the major factors driving the global telepresence and video conferencing market. However, factors such as interoperability of teleconferencing solutions persist as an issue and pose challenge for this market. In modern business communications, the need to offer video conferencing over virtual desktop infrastructure (VDI) and the integration of desktop video with telepresence rooms will offer newer growth opportunities for vendors in this market.

Global Telepresence and Videoconferencing Market: Regional Overview

At present, North America is the largest telepresence and videoconferencing market followed by Asia Pacific, Europe, and the Middle East. In the Rest of the World region, Brazil and South Africa are exhibiting a significant demand for telepresence and video conferencing products and services.  

Major companies Mentioned in Report

Some of the leading companies in the global telepresence and videoconferencing market are Avistar Communications Corporation, LifeSize Communications, Radvision Ltd., Teliris Inc., Cisco Systems Inc., Polycom Inc., TelePresence Tech, and Vidyo Inc.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

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

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?