Global Telepresence Robots Market Growing at a CAGR of 16.73% by 2027
KEY FINDINGS The global telepresence robots market was valued at $XX million in 2018 & is expected to reach $571.67 million by 2027, growing at a CAGR of 16.73% during the forecast period. The base year considered for the study is 2018, and the estimated period is between 2019 and 2027. The growing overseas businesses across the world increased the intensity of virtual meetings & created demand for telepresence robots. These robots facilitate virtual communication with employees in other locations across the globe. Therefore, they are useful for both small & large businesses. MARKET INSIGHTS The growing focus of enterprises on profitability, operational efficiency & cost reduction, expanding business territories that are supplementing the need for virtual meetings, the rise in geriatric population across the world and the budding applications in telemedicine are the key factors that are responsible for the market advancement. The concerns regarding data secu...