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Showing posts with the label Telepresence Robot Industry

Analyzing the Growth and Potential of the Global Telepresence Robot Market

A fusion of video collaboration solutions with robotics technology resulted in the development of the telepresence robot. With the first idea of telepresence robot proposed around 70 years ago, the technology has come a long way. With technological advancements in the robotics industry, such as artificial intelligence (AI) and machine learning, telepresence robots are emerging as an ideal solution for virtual meetings. According to the latest market intelligence report published by BIS Research titled “ Global Telepresence Robot Market by Valueand Volume – Analysis and Forecast (2018-2023) ,” the global telepresence robot market is anticipated to reach $218.6 million by 2023, witnessing a growth of 26.53% during the forecast period, 2018-2023. Amongst the two kinds of telepresence robots namely, mobile and stationary, the former category is expected to dominate the market in terms of both growth and revenue. Further, in terms of application, the healthcare segment is expecte...