The Global Telepresence Robots Market Is Estimated To Reach USD$ 7.15 Billion By 2020

Date: 2016-09-18

The Telepresence Robots market was estimated at USD$ 0.825 billion in 2015, and is anticipated to reach USD$ 7.15 billion by 2020. There are more civil uses for telepresence robots: in education, healthcare, business, and manufacturing. People can drive a telepresence robot around a work environment, around a school, around a hospital to reach people that they might otherwise have a difficult time contacting.

In the current economy, enterprises are working towards globalization; and communication becomes an important factor in extending the organization’s footprints. Telepresence robots have taken video conferencing services to the next level by providing maneuverability to the virtual entity. These robots aid in creating a virtual presence of the entities in the desired location and have boosted the interactive element in long distance digital interactions. The rising need for virtual meetings is expected to drive the market growth during the forecast period.

Availability of customized interfaces, high-quality video, high-fidelity microphones, and built-in memory within the robots provide a sociable environment for virtual communication. Apart from virtual communication, the telepresence robots with the development of motion detection sensors and cameras are used to monitor warehouses, and supervise operations from remote locations. With these enhancements, the telepresence robots are expected to foray into new application segments.

The Americas accounted for 47% of the market during 2015 and this should grow at a CAGR of around 58% during the forecast period. The dominance of US vendors in developing telepresence robotics technology stems from the growing business focus to improve electronic communications systems. US-based companies and business organizations are increasingly using telepresence robots to enhance their communications for international business meetings, panel discussions, and to interview new recruits. These factors will help to expand the market in this region during the forecast period.


Read Full Report:

Joanna | Executive – International Business and partner Relations
E-mail: | Tel: 1-510-400-8520



Contact With Us
Join templatemonster at google+
Customized Research
Request Sample