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 security & breaches, high cost of
telepresence robots, operational issues, and low battery backup time mainly
withhold market advancement. The companies with limited capital find it
difficult to implement telepresence robots into their operations. As the global
telepresence robots market is still in a nascent stage in most of the
developing & developed countries, the companies are not willing to take the
risk by investing high capital into new technologies.
REGIONAL
INSIGHTS
The report on global
telepresence robots include geographical segmentation on the basis of North
America, Europe, Asia Pacific and the Rest of World. Asia-Pacific is expected to
witness the highest growth rate of XX% during the period 2019-2027. The
presence of major electronics companies such as Samsung, Toshiba, Panasonic,
& LG Electronics directly contribute to the growth of robotic technology.
Many US- & UK-based companies recognized the resources in the countries like the Asia Pacific & set up their offices alongside setting up divisions to
expand their businesses.
COMPETITVE
INSIGHTS
Ava Robotics Inc., OhmniLabs,
Inc., Mantaro Networks Inc., Axyn Robotique, Superdroid Robots, Inc.,
Telepresence Robotics Corporation, Suitable Technologies, Inc., Xandex Inc.,
VGO Communications, Inc., Intouch Technologies, Inc., R.Bot, Amy Robot Co.,
Ltd., Anybots, Inc., Inbot Technology, and Double Robotics, Inc. are the major
companies.
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