The global 3D telepresence market is expected to reach $4.5 billion by the end of 2027 | Wbactive

HYDERABAD, TELANGANA, INDIA, Nov. 18, 2022 / — According to the research report published by Market Data Forecast, the global 3D telepresence market size has been estimated at US$1.54 billion in 2022 and it is estimated that it will reach USD 4.5 billion in 2027, with a registered CAGR of 19.6% over the forecast period.

3D telepresence achieves real depth without using 3D glasses. Telepresence is an advantage of technologies that allow a person to feel as if they are present to give the appearance or effect of being present viva telerobotics. Telepresence requires that the user’s senses be provided with stimuli that convey the feeling of being in that other place.

The increasing tele-immersion technology combined with 3D technology ensures an increased presence of the remote users driving the sales of the market. They have such applications in Manufacturing, Medical, Life Sciences, Digital Humanities, Remote Collaboration, Education, Architecture and other various applications to drive the market growth. The increased presence of remote users is driving the market growth. The increasing initiatives aiming to advance the use of collaborative video conferencing to deliver real-world experiences are driving the market growth. The 2D video conferencing has a potential use of this technology in several other areas that would reduce the need for travel to drive the market growth.

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The high cost is one of the key fences in market growth. The high cost of 3D devices only restrains the global growth of the 3D telepresence market.

Segmentation Analysis:

3D Telepresence Market by Type: Hardware, Software

Based on Type: The Hardware segment was recorded as the largest share of the 3D telepresence market in 2022 and is expected to grow at a considerable rate during the forecast period. Hardware refers to the physical components or delivery systems of the computer that store and execute the written instructions provided by the software. Examples of the hardware are the monitor, the keyboard and the processing unit. Hardware is extremely important in the 3D telepresence market.

3D Telepresence Market – By Application: Education, Advertising, Conferencing, Customer Service

Based on the applications: Education held the largest share of the 3D telepresence market in 2022 and is expected to rise at a considerable rate during the forecast period.

Regional Analysis:
Europe is the fastest growing region in the 3D telepresence market and is expected to grow at a considerable rate over the forecast period. Europe has high availability in countries like UK, Germany, France and the rest of Europe. The reason for this dominance of the region is the growth and popularity of the 3D telepresence market and the increasing adoption of advanced technologies like AR and MR paves the way for increased adoption of the 3D telepresence market. Increasing tech startups are likely to drive growth in the region’s market. The UK is the largest market supporting the growth of 3D telepresence. The 3D telepresence market in the region has witnessed rapid growth which has led to global market growth.

North America is expected to grow lucratively in the 3D telepresence market.

Latest industry development:

TELUS has signed a Memorandum of Understanding (MoU) with TeleVU, a well-known Canadian technology startup focused on the application of smart glasses in healthcare leveraging the capabilities of Augmented Reality (AR) and Artificial Intelligence (AI). TELUS is a major Canadian telecommunications company and a national leader in digital health technology, transforming the flow of health information across the continuum of care and improving access to health and wellness services.

ZTE’s new Axon 30 Ultra Aerospace Edition is the world’s first smartphone with 18GB of RAM and 1TB of internal storage. Apart from minor physical redesigns, the new smartphone is a special variant of the Axon 30 Ultra smartphone with 16 GB of memory. It features a 6.67-inch curved AMOLED screen with FHD + resolution, 144 Hz refresh rate, Qualcomm Snapdragon 888 engine and a 64-megapixel triple camera.

Following an increase in threats as companies moved their operations online, IT firm Dimension Data is eyeing a larger chunk of the cybersecurity services market. The company has created a threat intelligence hub called Dimension Data Threat Intelligence Center, which will serve as a central control point for cyber security risks. According to an internal survey, 58 percent of small and medium-sized companies believe in market growth.

In October 2020, ZTE Corporation partnered with Unicorn to build an FTTH-based smart community. They announced the completion of a trial of innovative smart community deployment based on a Fiber To The Home (FTTH) network in Yinchuan, China. This attempt has enabled the growth of intelligent community services over the existing broadband Passive Optical Network (PON) infrastructure.

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