Telepresence equipment market to be worth $12.8 billion

Press Release   •   Aug 02, 2012 11:27 BST

The telepresence equipment market has been forecast to increase from a value of $3.8 billion in 2011 to be worth $12.8 billion by 2018.

The telepresence equipment market represents a quantum shift in the ability to communicate remotely with video connectivity. It leverages HD TV capability to interconnect two people or teams of people seeking to share information or further evolve a common experience.

Strong telepresence industry growth will be seen across all three markets segments, immersive, conference room, and end point. With modern technology allowing more and more people to have a variety of client table and smart phone devices available while they are travelling, tuning into meetings on the go will become more compelling once video capability is available.

The telepresence market is being fueled by a confluence of factors, including the proliferation of video-capable equipment, demographic and communication trends that favor video.

The telepresence equipment market jumped 15% to $882 million between the third and fourth quarters of 2011, setting a record high for quarterly revenue. For the full year 2011, sales of videoconferencing and telepresence equipment were up 34% to $2.99 billion.

Sales within the telepresence equipment market remain strong across all major world regions, but the standout region is the Caribbean and Latin America (CALA), which saw sales nearly double in 2011.

For more information on the telepresence equipment market, see the latest research: Telepresence Equipment Market Report

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