|Telepresence Robot Market Size to Reach USD 684.4 Million in 2028 | Remote Workforce Management in Various Industries is a Significant Factor Driving Industry Growth, says Emergen Research|
|By GLOBE NEWSWIRE|
|Tuesday, 18 May 2021 12:00|
Vancouver, British Columbia, May 18, 2021 (GLOBE NEWSWIRE)
Vancouver, British Columbia, May 18, 2021 (GLOBE NEWSWIRE) -- The global telepresence robot market size is expected to reach USD 684.4 Million at a steady CAGR of 15.3% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the telepresence robot market can be attributed to rising demand for remote workforce management in various sectors. The trend of hiring remote employees has been growing rapidly, and especially during and after the COVID-19 pandemic. Telepresence robots enhance remote communication quality via their mobility feature, and visualization delivered by these robots cannot be reproduced by smartphones; whereas large telepresence systems are stationary. Offices deploy telepresence robots to assist team members working remotely to attend meetings and remain connected to the main office.
Rising use of telepresence robots in educational institutes is a key factor propelling market growth. The use of telepresence in schools, colleges, and universities eliminates the expenses incurred in airfare, bus, lodging, and food expenses, allowing institutes to support experiential learning. In addition, telepresence robots enable students to visit museums or partake in professional conferences without actually being physically present.
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