Global Collaborative Telepresence Systems Market: Introduction
From autonomous robots to augmented and virtual telepresence environments, telepresence has taken many forms from 2D to 3D systems. Collaborative telepresence systems allow two or more users to collaborate in real time. Virtual telepresence systems enable collaboration using different tools within the environment such as the ability to connect online and display a web browser as well as construct a virtual building.
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Global Collaborative Telepresence Systems Market – Dynamics
Increasing Need for Real-time AV Communication
Demand for real-time AV communication across the globe has increased. Demand for optimum AV solutions for real-time communication has risen specifically in the corporate set up. The major reason for the demand for such solutions is it has reduced the operational cost and enabled a better real-time communication environment with the help of 3D technologies. Such increasing need is driving the demand for the collaborative telepresence systems market.
Improper Infrastructure Hampering the Growth of the Collaborative Telepresence Systems Market
Absence of system infrastructure as well as technical know-how is hampering the growth of the collaborative telepresence systems market. Network infrastructure as well as system infrastructure within many developing nations are not compatible with collaborative telepresence systems. Regions such as Asia Pacific, and Middle East & Africa lack system infrastructure as well as professional expertise due to low HDI (Human Development Index) which restrains the growth of the collaborative telepresence systems market.
North America Expected to Dominate the Global Collaborative Telepresence Systems Market
In terms of region, the global collaborative telepresence systems market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global collaborative telepresence systems market during the forecast period, due to strong network infrastructure and healthy adoption rate of advance technologies.
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Global Collaborative Telepresence Systems Market – Competitive Landscape
- In January 2020, Spatial Systems, Inc. raised approximately US$ 14 Mn to improve its Augmented Reality Telepresence Platform for HoloLens & Magic Leap. The company brought its total funding to $22 million to date.
- In April 2019, as demand grows for telepresence robots, Ava Robotics Inc. raised US$ 2.9 Mn through equity sales. Ava Robotics had been working to add autonomous navigation to its robots with the allocated funding which is highly focused towards development of collaborative telepresence systems.
Spatial Systems, Inc.
Founded in 2016, Spatial Systems, Inc. is focused on development and design of collaborative solutions for the global workforce. Some of the features within its collaborative telepresence system are 3D web browser, realistic avatars, rooms’ alignment, and desktop import.
Ava Robotics Inc.
Established in 2012, Ava Robotics Inc.is a designer of autonomous robots which coexist with individuals at workplaces and other large enterprises. Ava Robotics is one of the prominent players in the collaborative telepresence systems market. Leveraging a deep technical heritage with roots at iRobot, Ava Robotics is focused on developing intelligent robots for commercial applications to improve human productivity, safety, and quality of life.
Global Collaborative Telepresence Systems Market: Segmentation
The global collaborative telepresence systems market can be segmented based on:
Global Collaborative Telepresence Systems Market, by Component
Based on component, the global collaborative telepresence systems market can be divided into:
- Support & Maintenance
Global Collaborative Telepresence Systems Market, by Application
Based on application, the global collaborative telepresence systems market can be divided into:
Regional Analysis of the Global Collaborative Telepresence Systems Market:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.