Telepresence Equipment Market Size, Share & Trends Analysis Report By Product (2D Telepresence, 3D Holographic Telepresence), By Type (Multi-Codec Telepresence, Personal Telepresence), By End-use, By Region, And Segment Forecasts, 2024 - 2030

Report Overview

The global telepresence equipment market size was estimated at USD 3.46 billion in 2023 and is expected to grow at a CAGR of 5.6% over the forecast period. The need for the enterprises to reduce the cost of traveling for the employees is the primary factor driving the market growth.

Increasing usage of telepresence equipment in various applications such as healthcare, education, and government are the primary factors driving the market growth. Telepresence video conferencing is being increasingly adopted by many organizations as it offers cost-effective solutions of high-quality interaction.

Product Insights

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. It helps organizations to avoid unnecessary travelling and expenses. Additionally, employees can focus on tasks increasing productivity. Companies can conduct recruitment process for large number of candidates easily.

3D holographic telepresence products are expected to grow at the fastest CAGR of 13.3% over the forecast period. As these products are integrated with the latest imaging technology, users get a more realistic experience, increasing the popularity of the market in the coming years. The technology is flexible, cost effective and can be used where enhanced virtual representations are required such as product launches, corporate seminars, presentations.

Type Insights

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. The key factors driving the market are focused engagement and wide array of applications. For instance, in the recruitment process, immersive telepresence enables companies to screen candidates across geographical boundaries.

Room-based telepresence is expected to grow at a CAGR of 4.2% over the forecast period. As these systems avoid interruptions and improve visibility, various enterprises are increasingly adopting these systems. It caters for effective engagement as facial expressions, body language and audio quality are realistic.

End Use Insights

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. Also, along with the easy installation by the manufacturers, prompt customer support and services are provided. These systems are incorporated to cater for uninterrupted video conferencing.

Medium enterprises are expected to grow at the fastest CAGR of 7.4% over the forecast period. The increasing popularity is supported by the spread of high speed internet and digitalization of businesses. In several countries, after the COVID-19 pandemics, organizations have opted to provide remote working facilities to employees, driving the market significantly.

Regional Insights & Trends

North America telepresence equipment market dominated the regional segment of telepresence equipment market with a revenue share of more than 40.0% in 2023. The presence of large and medium enterprises and the increasing use of this equipment are the main drivers of the market. Also, the working population in the region is tech-savvy, and deliberately adopting technological advancements in business processes. Additionally, the availability of quality products and service providers is further expanding the market.

U.S. Telepresence Equipment Market Trends

U.S. captured the largest market share of 77.2% in the North America market. Presence of several global companies and sectors such as healthcare, IT are fostering the growth of U.S. market. The changing business dynamics and advancements in technology accommodating the requirements have impacted the market positively.

Europe Telepresence Equipment Market Trends

Europe telepresence equipment market held a revenue share of 25.7% and is expected to grow at a CAGR of 5.0% from 2024 to 2030. The presence of countries such as UK, Germany and France are contributing to the regional growth.

Asia Pacific Telepresence Equipment Market Trends

The Asia Pacific region is expected to be the fastest growing region at a CAGR of 7.7% over the forecast period. The continuously growing IT sector and working population are driving the market growth. In India, after COVID-19 pandemic, the concept of remote working has been widely adopted to maintain the business continuity. The organizations are making necessary arrangements to develop a communication environment with this equipment. Additionally, governments are promoting equipment manufacturing startups with various schemes and subsidies, further boosting the market. Additionally, governments use these communication environments to establish correlations between departments remotely.

Key Telepresence Equipment Company Insights

The market is characterized by key companies including Avaya LLC Cisco Systems, Inc., Digital Video Enterprises, Inc., Enghouse Video (Vidyo Inc.), HP Development Company, L.P. (Polycom Inc.), Huawei Technologies Co., Ltd. and others. Technological enhancements are changing the market dynamics continuously. Organizations are aiming to develop innovative products, deploy the latest technology through partnerships, acquisitions and mergers.

• Huawei Technologies Co., Ltd. is a global manufacturer and supplier of devices used in information and communication technology infrastructures. It offers a wide product range comprising telepresence systems, high-definition cameras and several video conferencing devices.

Recent Developments

• In February 2023, Enghouse Systems Limited announced the completion of the acquisition of Qumu Corporation.  The acquisition will help them serve a wide spectrum of customer requirements in niche verticals and compete effectively in the enterprise video sector. 

Telepresence Equipment Market Report Scope

Global Telepresence Equipment Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the telepresence equipment market report based on product, type, end use, and region:

• Product Outlook (Revenue, USD Million, 2020 - 2030)

  • 2D Telepresence

  • 3D Holographic Telepresence

• Type Outlook (Revenue, USD Million, 2020 - 2030) 

  • Multi-Codec Telepresence

  • Personal Telepresence

  • Immersive Telepresence

  • Room-based Telepresence 

• End Use Size Outlook (Revenue, USD Million, 2020 - 2030)

  • Small Enterprise

  • Medium Enterprise

  • Large Enterprise

• 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