Telepresence Robots Market: Overview
The global telepresence robots market is expected to rise at a significant pace during the forecast period, thanks to the rising urbanization and industrialisation across the globe.
Telepresence robots can be defined as an autonomous, remotely monitored robots that have a smartphone or a motorized desktop which is connected to a camera or a monitor. These telepresence robots are convenient and have multi-purpose end-use applications over other robotics.
An upcoming report on the telepresence robots market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover all segments in the market. Along with this, the report is anticipated to consists of vital data that will help indicating growth and latest trend in the telepresence robots market during the forecast period.
Telepresence Robots Market: Notable Developments
Some of the recent development in the telepresence robots market are-
In January 2019 – OhmniLabs, a prominent player in the telepresence robots market has launched a product called Ohmni Supercam, a telepresence robot. The robot is known for its high resolution camera. This is expected to help users with ability to see content on whiteboards and printed documents precisely.
Similarly, in January 2018 - Suitable Technologies Inc., another market player introduced BeamPro 2. The robot has features such as enhanced communication within organizations. In addition to this, it has a modular mobile platform design that help in communication in telepresence meetings.
Some of the key players operating in the global telepresence robots market are Duble Robotics, Inc., VGo Communications, InTouch Health, Anybots Inc., iRobot Corporation and Mantaro Product Development Services, Inc.
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Telepresence Robots Market: Key Trends
The global telepresence robots market is expected to rise at a impressive rate in the coming few years. This is mainly due to the increasing demand for teleconferences, remote management, proliferating of consumer, and demand for personal telepresence robots. Other than this, increasing demand for telepresence robots in several industrial sectors such as healthcare, retail, education and hospitality are some of the prominent factor expected to drive the global telepresence market in the coming few years.
Additionally, growing penetration of smartphone and innovations in technology such as Bring Your Own Device (BYOD) is another vital factor anticipated to play a vital role in the growth of the telepresence robots market.
However, factors like high cost of these robots and less utility of these telepresence robots is expected to impede growth in the telepresence robots market.
Nevertheless, rising adoption of advanced teaching and learning technologies in the educational institutions is anticipated to hold several opportunities for the growth of the telepresence robots market. The education institutes are increasingly adopting telepresence robots to enhance and improve the learning experience of the students. This is expected to offer several growth opportunities to the telepresence robots market.
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Telepresence Robots Market: Regional Outlook
Region wise, North America is poised to hold maximum share in the telepresence robots market owing to the presence of critical supporting infrastructure, such as communication and power in the region. Apart from this, increasing penetration of telepresence robots in several commercial applications is another factor expected to drive the global telepresence robots market.
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.
2. Insights and Tools
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.
3. Actionable Results
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.