Global Collaborative Telepresence Technology Market By Solution Type (Software, Hardware), By End-user (Education, Advertising, Conferencing, Customer Service), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2019-2029

Collaborative telepresence technology is a collaboration of augmented reality and virtual reality technology. This technology enables a person to be present at different locations simultaneously. It defined as a specific kind of robotic control that enables the user to be present at a location through robotic control and enjoy the experience like virtual reality (VR). The feedback and the connections are managed through telemetry wires, using fibers, the internet, or even through wireless. The position, movements, and actions of the respective person or object can be sensed, transmitted and then duplicated in the remote locations.

Telepresence is an innovative technology that can put people face to face even when they are thousands of miles apart.  It makes use of two different areas: interaction of humans remotely located and collaborative control. It requires specific conference rooms that have specialized equipment fitted on them. It mainly requires HDTV screens and cameras. The screens are located in such a way that they are positioned at the eye level of the users. Sensors detect the sound and image and reproduce them through the transducers. The images that are placed alongside are stitched together, making it appear like one single screen.  The signals emanating from each of the users are vectored around a virtual table and thus, it makes the signals appear as of the users are placed in the same room and sitting around the same table. It also comes with a binocular machine that provides a feeling of depth. This technology requires low latency, high-bandwidth transmissions and may also require a dedicated server to manage the huge flow of data.  Telepresence enables the user to work in any environment that can be either hot or cold. It may be low pressure or high-pressure environment.

The main driver of the collaborative telepresence technology is that it is unique, which is useful for business entities to perform highly confidential meetings securely. This technology also provides the facility to enhance the services based on the scalability of the business. There is a combination of options available for businesses such as the public, private and hybrid options. So depending on the scale of business, the services are affordable, reliable and highly secure. The technology is simple and cost-effective to use. This technology lays in sync with the objectives of the enterprises to reduce the expenses, improve employee engagement and reduce the environmental impact. It increases the interoperability between the organizational teams. These factors will act as the driving factors for the collaborative telepresence technology market.

The unavailability of efficient bandwidth standards requires to use the technology with ease may act as the restraining factor for collaborative telepresence technology market. Also, technology is high in the economy and involves high initial investment, which makes it only affordable for big enterprises that have a large amount of budgets allocated for businesses. Furthermore, unscheduled downtime may affect the operations of the network. The level of precision and detection may change depending on the situation. These factors may negatively impact the growth of the market.

There is a huge level of opportunity available with the telepresence technology market, which acts as an added advantage. The technology may be very useful for newer applications in an area such as surgery, healthcare, education, retail, hospitality and other sectors. Besides, the use of telepresence technology saves a lot of time and money used in traveling. Thus, it is responsible for having a positive impact on the environment. The growing demand for telepresence technology in various fields will act as the driving factor in the telepresence technology market.

Collaborative telepresence is an emerging technology that is still under the development stage but holds a remarkable growth of the incremental opportunity in the coming years. North America is estimated to witness a notable market revenue growth for the market owing to favorable funding for the research and development activities and advanced infrastructure in the region. Several companies are working to develop new frameworks that can be customized and used in the market based on the size and needs of the companies. This technology is shaping up the concept of remote work and is expected to make huge strides in the coming years.

Segmentation:

By Solution Type:

• Software
• Hardware

By Size:

• Small
• Mid-sized
• Large

By End User:

• Education
• Advertising
• Conferencing
• Customer Service
• Other End Users

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Top players:

• Polycom
• Tandberg
• Cisco
• Other Key players