According the research report titled, ‘Global Telepresence Equipment Market Size study, by End user (Large Enterprise, Medium Enterprise and Small Enterprise), by Type (Multi-Codec Telepresence, Personal Telepresence, Immersive Telepresence and Room based Telepresence), by Form Factor (End-Points and Infrastructure), Vertical (Healthcare, Education, Pharmaceuticals, Government, Commercial, Scientific, Construction & Engineering, Entertainment and Others) and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global telepresence equipment market is expected to amass notable gains during 2021-2027.
 

Increasing product application in sectors like government, healthcare, & education, launch of innovative products & other strategic decisions as well as increasing adoption of 5G technology are propelling the growth of global telepresence equipment market. As per Statista, the number of 5G connections in North America have grown from 4 million in 2019 to 14 million in 2020 and is slated to reach 410 million by 2025.
 

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For the unversed, telepresence is basically a type of integrated solution which enables effective communication between people at remote locations. It comprises of devices like monitor, speaker, microphone, and codec.
 

In addition, rapid developments in digital education driven by the outbreak of COVID 19 pandemic along with technological advancements in the field are also augmenting the overall industry outlook.
 

On the contrary, high installation cost and limitations associated with the user experience of this technology is likely to impede market progression over the projected timespan.
 

Considering end user range, global telepresence equipment market is split into large enterprise, medium enterprise, and small enterprise. In terms of type, the industry vertical is segmented into room-based telepresence, multi-codec telepresence, immersive telepresence, and personal telepresence.
 

Based on form factor, the market sphere is fragmented into end-points and infrastructure, whereas classification on the basis of vertical includes entertainment, healthcare, pharmaceuticals, education, scientific, construction & engineering, commercial, government, and others.
 

Regionally speaking, North America is reckoned to obtain a major revenue share in the overall market over the estimated timeline, accreditable to surging usage of telepresence equipment in large and medium enterprises.
 

Meanwhile, Asia Pacific market is projected to expand substantially during 2021-2027 owing to increasing product adoption in corporate offices and education sector.
 

Key players operating in global telepresence equipment marketplace are Sony Corporation, HP Inc., ZTE Corporation, Vidyo Inc., Polycom Inc., Indorama Ventures Public Company Limited, Huawei Technologies Co. Ltd., Array Telepresence Inc., Cisco Systems Inc., and Avaya Inc.