The 3D telepresence market size has grown rapidly in recent years. It will grow from $2.43 billion in 2023 to $2.88 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to increased internet penetration, corporate adoption, rising demand for remote work solutions, globalization, entertainment and gaming industry.
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Segmentation & Regional Insights
The 3d telepresence market covered in this report is segmented –
1) By Product: Software, Hardware
2) By Technology: 3D Display Technology, 3D Camera Technology, Sensors And Tracking Technology
3) By Application: Education, Advertising, Conferencing, Customer Service, Healthcare, Entertainment, Retail, Other Applications
4) By End-User: Small And Medium Enterprises (SMEs), Large Enterprise
North America was the largest region in the 3D telepresence market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3d telepresence market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing adoption of remote work practices is expected to propel the growth of the 3D telepresence market going forward. Remote work practices refer to the strategies, methodologies, and guidelines employed by organizations and individuals to effectively conduct work outside of a traditional office environment. 3D telepresence is utilized in remote work practices to provide immersive collaborative experiences, virtual workplaces, increased accessibility for remote workers, and to overcome the constraints of standard video conferencing. For instance, in July 2022, according to a survey of 2,300 full-time workers by Owl Labs, a US-based provider of video conferencing devices, the number of workers in the US choosing remote work in 2022 increased by 24% from 2021 and interest in hybrid-work increased by 16%. Further, around 62% of workers felt more productive when working remotely. Therefore, the increasing adoption of remote work practices is driving the growth of the 3D telepresence market.
Key Industry Players
Major companies operating in the 3d telepresence market report are Microsoft Corporation, Huawei Technologies Co. Ltd., Sony Corporation, Siemens AG, Raytheon Technologies Corporation, Panasonic Corporation, Cisco Systems Inc., Qualcomm Incorporated, NTT Ltd., ZTE Corporation, Logitech International S.A., Polycom Inc., Unity Technologies, Barco NV, Dimension Data, OBS Solutions, Avaya Inc., ON24 Inc., Videxio, Eon Reality Inc., Vuzix Corporation, Interaxon Inc., ObEN Inc., Voxon Photonics, TelePresence Tech
The 3d telepresence market report table of contents includes:
1. Executive Summary
2. 3D Telepresence Market Characteristics
3. 3D Telepresence Market Trends And Strategies
4. 3D Telepresence Market – Macro Economic Scenario
5. Global 3D Telepresence Market Size and Growth
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31. 3D Telepresence Market Other Major And Innovative Companies
32. Global 3D Telepresence Market Competitive Benchmarking
33. Global 3D Telepresence Market Competitive Dashboard
34. Key Mergers And Acquisitions In The 3D Telepresence Market
35. 3D Telepresence Market Future Outlook and Potential Analysis
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