The telepresence equipment market has been greatly influenced by the chances in telepresence software, along with the increasing influence of cloud services. Over the last few years, the telepresence industry is in transition from a hardware-based telepresence reporting model to cost effective endpoints telepresence reporting. The operational disadvantage associated with the older telepresence equipment is driving their replacement with modern and sophisticated equipment. Moreover, the lower operating cost and higher efficiency of cloud based telepresence equipment is driving the growth of the market. The telepresence equipment has seen a high penetration rate in the developing countries, including China and India.
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Telepresence services offer high speed data transfer capabilities to communication channel with the users at distinct location. The telepresence equipment is widely used in the corporate governance gizmos. The penetration of telepresence equipment was increased in the communication industry, in an inclusive manner to nearly clinch all video collaboration system used in the videoconferencing. In the developing countries, the change in the corporate governance model from hardware-centered governance approach to software centered solutions is driving the demand of telepresence equipment market. Moreover, the growing acceptance of virtual meeting in the corporate world, owing to wider geographical presence of the companies is fueling the demand.. Among the various end users, the healthcare sector accounted for the majority of market share in 2014.
The high initial setup cost, along with the high threat from the substitute technology, such as videoconferencing is hindering the growth of the global telepresence equipment market. Moreover the dedicated bandwidth allocation, in addition to dedicated support requirement of telepresence services is limiting its growth in the small and medium scale enterprise.
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During the recent years, the telepresence equipment industry has witnessed large number of merger and accusation (M&A). In 2014, Cisco dominated the telepresence equipment market, and accounted for more than 40% of the global market. With the market share of nearly 25%, polycon accounted for the second largest vendor. Apart from these two vendors, Huawei accounted for double digit market share in 2014.
Some of the competitors in the global telepresence equipment market are HP, Huawei, Logitech, RADVISION, Polycom, and SONY.
Telepresence Equipment Market Segmentation
- Home Entertainment System
- Web and Audio Conferencing Equipment
- Mobile Integration Gear
- Virtual Desktop Infrastructure
- Immersive Telepresence Equipment
- Room-based Telepresence Equipment
- North America
- The U.S.
- The U.K.
- Rest of the Europe
- South Korea
- Rest of the Asia-Pacific
- Rest of the World
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