Telepresence robots: Key market research findings
- Demand for virtual meeting drives market growth
- Increase in the adoption of telepresence robots in telemedicine
- Key vendors – Anybots, Double Robotics, Mantaro, and Revolve Robotics
Technavio’s market research analysts predict the global telepresence robots market to surpass $527 million between 2016 and 2020. The increasing demand for the virtual meeting is the key driving force behind growth in this market. Virtual meetings via video conferencing are diminishing distance barriers and establishing instant, reliable face-to-face interaction by means of Internet connectivity. The demand for virtual communication is witnessing an upsurge owing its efficiency, speed, and cost-effectiveness which results in increased business dealings, the rapid expansion of industries, and flourishing economies. The Americas occupied around 48% of the market space to dominate the global telepresence robots market in 2015. The market’s growth in this region can be attributed to the increased employment of telepresence robots by business organizations and major corporations across North America to enhance their communication systems for international business meetings, panel discussions, and interviews.
The new market research report from Technavio presents a breakdown and analysis of the telepresence robots segments based on end-users.
“The increase in adoption of telepresence robots for telemedicine is an upcoming trend in the market. Advanced telepresence solutions such as telepresence robots enable physicians to overcome the barriers of distance and obtain the desired view of patients. This ensures that the examination details key to an accurate diagnosis remain uncompromised and allows the physician to give precise instructions to the technicians about the treatment and surgical procedures,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research.
During 2015, the organizations and business enterprises segment accounted for almost 43% of the market to become the dominant shareholder in the global telepresence robots market. Telepresence robots are an ideal means of communication at the workplace, especially due to the availability of reliable Wi-Fi connection. Currently, telepresence robots are adapted to function in 4G and 5G cellular network, which makes them extremely mobile, as it can maneuver itself in warehouses and factories where Wi-Fi coverage may not be available. The rise in the deployment of telepresence robots for auditing, keeping track of inventory, and conducting personalized inspections of warehouses and other holdings is likely to boost the growth in this segment during the forecast period.
The key vendors in the market include Anybots, Double Robotics, Mantaro, and Revolve Robotics. The global telepresence robots market is highly nascent, but numerous small vendors and start-ups operate in the market to gain the first mover advantage. The providers in the market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion.
A more detailed analysis is available in the Technavio report, Global Telepresence Robots Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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Video Conferencing Market: Global Opportunity, Trends, Forecast 2015-2019
