The 3D Telepresence Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 3D Telepresence Global Market Report 2024, The 3D telepresence market size is expected to see rapid growth in the next few years. It will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to advancements in AL and machine learning, increased demand for hybrid work solutions, 5G technology implementation, healthcare applications, integration with IoT devices. Major trends in the forecast period include augmented reality (AR) integration, integration with cloud services, enhanced security features, remote collaboration in design and engineering, technological advancements.
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.
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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
Major companies operating in the 3D telepresence market are focusing on innovative technological advancements in communication, such as lifelike 3D video communication solutions, to increase demand for realistic and immersive communication experiences. A lifelike 3D video communication solution refers to a technology that enables individuals to engage in video communication in a manner that closely simulates a real-life, three-dimensional experience. For instance, in October 2022, Rec Room Inc., a US-based cinematic 3D video conferencing solution, launched RealityOS, a proprietary social 3D communications engine. It allows users to interact in a virtual environment that closely simulates real-world interactions. Additionally, it offers features such as shared workspaces, persistent rooms, in-meeting video, audio, and chat, secure cloud browsers, and integration with various apps and calendars. These features contribute to the potential of lifelike 3D video communication solutions to revolutionize the way people communicate and collaborate, particularly in the context of remote work and virtual meetings.
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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26. South America 3D Telepresence Market
27. Brazil 3D Telepresence Market
28. Middle East 3D Telepresence Market
29. Africa 3D Telepresence Market
30. 3D Telepresence Market Competitive Landscape And Company Profiles
Top Major Players:
- Microsoft Corporation
- Huawei Technologies Co. Ltd
- Sony Corporation
- Siemens AG
- Raytheon Technologies Corporation
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