According to IMARC Group’s latest report, titled “Telepresence Robots Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the market to exhibit a CAGR of around 16% during 2020-2025.
A telepresence robot enables video conferencing through a computer, tablet, or smartphone, facilitating a virtual presence. The robot includes a wheel-mounted stand, arm unit, video camera, display screen, and other multimedia devices for virtual communication. It is majorly used where users can maneuver the robot remotely and interact through an inbuilt smartphone or tablet application. As a result, it is widely applicable across various industries, including corporate, education, healthcare, homecare, etc.
Rapid digitization, coupled with the advent of artificial intelligence (AI) and machine learning (ML) technologies, has propelled the demand for telepresence robots. Additionally, several companies are rapidly adopting these robots due to the increasing demand for operational automation. Moreover, telepresence robots are extensively used in the healthcare sector for patient monitoring, remote treatment, and enabling real-time communication between patients and doctors. Besides this, they allow teleconferences for the workforce, along with managing distance education for students in remote areas. Several advancements in robotic technology are expected to drive the telepresence robot market.