The telepresence equipment market is driven by the need for enterprises to reduce travelling cost for employees as well as cost effective solutions for global interactions, along with the increasing influence of cloud services. Technological advancements, low operating expenditure, and cost savings are some of the other factors pushing the market growth.
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Based on components, the telepresence equipment market has been segmented into hardware, software, and services. The hardware category, which includes displays, projectors, cameras, sensors, audio devices, processors, and others (including wiring, harness and controls), accounted for largest revenue share.
The software category is expected to record highest growth rate during the forecast period, due to regular updates provided by the market players along with the requirement for increased flexibility to connect with a range of devices such as smartphones, tablets and laptops.
Based on enterprise size, the telepresence equipment market has been categorized into small, medium and large enterprises. Of these, the large enterprise category accounted for largest revenue share in 2017, owing to majority of the usage of telepresence services among large enterprises across the globe. Additionally, high initial cost of telepresence equipment is also a major factor, which acts as a deterrent to small as well as medium enterprises.
North America is the most mature telepresence equipment market; wherein the region held the highest market share. However, with the growing popularity of voice over internet protocol (VoIP) based technologies in the U.S. and Canada, the North American market is expected to register slow growth during the forecast period. Europe, on the other hand, accounted for the second largest market share by 2023. Moreover, Asia-Pacific (APAC) is expected to be the fastest growing market during the forecast period.
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Cisco Systems, Inc. was the largest vendor of telepresence equipment with Polycom, Inc. and Huawei Technologies Co., Ltd. Ranked at second and third respectively. Some of the other competitors in the global telepresence equipment market includes HP Inc., Sony Corporation, Array Telepresence Inc., Avaya Inc., Vidyo Inc. and ZTE Corporation.
Request for a free sample copy of this research report @ https://www.psmarketresearch.com/market-analysis/telepresence-equipment-market/report-sample
Based on components, the telepresence equipment market has been segmented into hardware, software, and services. The hardware category, which includes displays, projectors, cameras, sensors, audio devices, processors, and others (including wiring, harness and controls), accounted for largest revenue share.The software category is expected to record highest growth rate during the forecast period, due to regular updates provided by the market players along with the requirement for increased flexibility to connect with a range of devices such as smartphones, tablets and laptops.
Based on enterprise size, the telepresence equipment market has been categorized into small, medium and large enterprises. Of these, the large enterprise category accounted for largest revenue share in 2017, owing to majority of the usage of telepresence services among large enterprises across the globe. Additionally, high initial cost of telepresence equipment is also a major factor, which acts as a deterrent to small as well as medium enterprises.
North America is the most mature telepresence equipment market; wherein the region held the highest market share. However, with the growing popularity of voice over internet protocol (VoIP) based technologies in the U.S. and Canada, the North American market is expected to register slow growth during the forecast period. Europe, on the other hand, accounted for the second largest market share by 2023. Moreover, Asia-Pacific (APAC) is expected to be the fastest growing market during the forecast period.
Explore report description @ https://www.psmarketresearch.com/market-analysis/telepresence-equipment-market
Cisco Systems, Inc. was the largest vendor of telepresence equipment with Polycom, Inc. and Huawei Technologies Co., Ltd. Ranked at second and third respectively. Some of the other competitors in the global telepresence equipment market includes HP Inc., Sony Corporation, Array Telepresence Inc., Avaya Inc., Vidyo Inc. and ZTE Corporation.
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