Global Telepresence and Videoconferencing Market to Grow With Corporate Expansions

San Francisco, California, October 12th, 2018: The demand within the global market for telepresence and videoconferencing has been rising on account of increasing globalisation and a canny quest for increased connectivity. Telepresence is a nascent technology that uses sensors and internet aids to make an individual’s presence felt at a remote location, different from the actual place where the individual is. This is a extremely useful technology for several businesses, organisations, and persons who want to attend meetings, shows, and other gatherings at remote locations. A report by TMR Research unravels a range of factors that have aided the growth of the global market for telepresence and videoconferencing. The title of the report is “Telepresence and Videoconferencing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025”.

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The demand within the global market for telepresence and videoconferencing has been rising on account of the need for grouping several people on a single platform, especially for businesses. Furthermore, people have also become inclined towards having one-on-one conversations over video calls that makes them feel each other’s presence. Videoconferencing can be considered to be a sub-component of telepresence that plays a vital role in establishing the presence of persons in different locations.

On the basis of geography, the demand for telepresence and videoconferencing in North America and Europe has been rising on account of the global reach of businesses within these regions.

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Some of the key players in the global market for telepresence and videoconferencing are LifeSize Communications, Teliris Inc., Radvision Ltd., and Cisco Systems Inc.

Telepresence and Videoconferencing Market Dynamic Growth Rate by 2025

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.

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Global Telepresence and Video Conferencing 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.

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Global Telepresence and Video Conferencing 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.

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Global Telepresence and Video Conferencing 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 Video Conferencing 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 Video Conferencing Market: Regional Overview

At present, North America is the largest market for telepresence and video conferencing 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 video conferencing market are Avistar Communications Corporation, LifeSize Communications, Radvision Ltd., Teliris Inc., Cisco Systems Inc., Polycom Inc., TelePresence Tech, and Vidyo Inc.

Video Conferencing and Telepresence to Aid in Distant Conferences

San Francisco, California, June 23, 2017: Waning high definition endpoints, technological advancements, and infrastructure developments are likely to act as the prime factors behind the growth of the global telepresence and video conferencing market, states TMR Research in a research report. The report is titled, “Telepresence and Videoconferencing Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.”

Various large and small business employ video conferencing and telepresence systems for conducting virtual meetings with partners, employees, and customers located at far off locations. It further enables effective communication among people who are located in various parts of the world, thus eliminating the need for travelling. Though video conferencing and telepresence are employed interchangeably, the two technologies deliver diverse capacities. Nevertheless, the implied goal of these techniques is to create a one-to-one environment or a replicated boardroom, but each of them employs a different approach altogether for meeting their objectives.

Video conferencing permits transmission of on-screen text, video, and audio. Sophisticated and high-end video conferencing solutions that aid the transmission of high-quality audio and full motion videos across several locations and platforms. Video conferencing delivers add-on whistles and bells owing to which subscribers receive a broad range of installation options. Telepresence technologies, on the other hand, present a comparatively simpler version of the much elaborated function that the technology of video conferencing offers. These tools also permit calls to be arranged and implemented by third parties, thus making the process hassle-free for participants.

By businesses that are budget-conscious, telepresence is not considered as a preferable option. Thus, they prefer video conferencing in that case. Though telepresence tools deliver functional advantages, their price is very high in comparison to the products of video conferencing. This particular trend is anticipated to continue in the near future. Thus, it becomes really important to make the careful negotiation of what is needed, the inexpensive service of video conferencing or the distinguished technology of telepresence.

Video conferencing tools also provide passable functionality at comparatively lower costs, thus companies are constantly increasing employment of these tools. This is considered to be an emerging trend as video conferencing is expected to surface as a sustainable and viable tool. Some of the prominent features of telepresence and video conferencing are cloud based and room based video conferencing, immersive telepresence, video multiple control unit or MCU, and personal video conferencing. The technological fundamentals of video conferencing and telepresnece are infrastructure equipment, multi-codec, telepresence endpoints, and single-coded HD/SD.

Region-wise, North America is expected to emerge as the leading region closely trailed Asia Pacific, Europe, and the Middle East in the exact order. The top drawer companies in the market are Vidyo Inc., TelePresence Tech, Polycon Inc., Cisco Systems Inc., Teliris Inc., Radvision Ltd., LifeSize Communications, and Avistar Communications.