Report Ocean released a thorough intelligence report named “3D Telepresence Market“ Report, Size, Share, Competitive Landscape, Technology, Latest Updates, and Forecasts to 2030. This research offers a thorough examination at the micro-level, concentrating on insurers, significant market sectors, products, and distribution methods within the industry.
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TelePresence Tech – Cisco Systems Inc. – Microsoft Corporation – Holoxica Limited – Valorem Reply – Teliris Inc. (Dimension Data) – Digital Video Enterprises Inc. – Musion 3D – Polycom Inc. – ZTE Corporation – MDH Hologram Ltd. – Primasonic Spectrum Private Ltd. TelePresence Tech – Microsoft Corporation – Holoxica Limited – Valorem Reply – A new collaborative platform known as 3D telepresence is anticipated to emerge as a result of the expanding use of cutting-edge technologies like augmented reality and mixed reality.
Highlights Audio and video applications, such as Google Hangouts, Facetime, Skype, and other video conferencing platforms for the office, can now be used in conjunction to facilitate remote communication across businesses.
Albeit the nature of involvement, as to sound and visual transmission, has fundamentally worked on throughout the long term, the 2D video innovation has a few inborn downsides, similar to loss of non-verbal signals, for example, eye to eye connection and motions, which can’t be moderated without any problem. 3D telepresence, which facilitates the rendering and streaming of 3D video data between two or more parties and addresses some of these issues, is gaining global acceptance.
Companies like Cisco are developing smart conference rooms, such as the Spark system, which consists of a bundle of cameras, 4K screen speakers, and supporting devices. On the other hand, technological advancements are producing experiences that are more lifelike through technologies like telepresence.
Organizations like Cisco, Microsoft, Teliris, Huwaei, Sony, among others are the early participants in the telepresence space. Interoperability between telepresence systems from different manufacturers and compatibility of the technology with telecom networks have been overcome since its inception.
Although the technology has been demonstrated in a number of entertainment demonstrations, such as Musion 3D, the high cost of 3D systems in comparison to 2D telepresence/video conferencing has limited its practical applications to this point.
The remote customer’s digital representations could be rendered over the real world, creating a mixed-reality experience, by utilizing recent advancements in augmented reality (AR) and 3D, such as Atheer AiR Glasses, Google Glass, and Microsoft HoloLens.
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It is anticipated that the need for immersive experiences and remote working will gain momentum following the pandemic. As a result, 3D telepresence systems are crucial to the workflow’s security.
Key Market Trends Expected to Drive Growth Enhanced User Experience Tele-immersion technology and 3D technology give remote users a greater sense of presence, whether they are bundled with virtual or augmented reality (AR). Beside upgrading the client experience, as far as correspondence, which is as of now performed with 2D video conferencing, there is a likely utilization of this innovation in a few different regions that would decrease the requirement for movement.
In addition, the demand for these solutions is anticipated to be driven by applications in design, manufacturing, medicine, physical sciences, architecture, astronomy, digital humanities, and education, among others, where multidisciplinary teams must closely collaborate with 3D data or models.
In addition, initiatives promoting the use of common video conferencing to gain practical experience are propelling market expansion. For instance, Facebook Reality Labs researchers announced in July 2020 the creation of a photorealistic avatar-based virtual telepresence system with the goal of capturing and conveying the gaze and eye contact signals of social interactions in the real world.
Due to quick decision-making, reduced travel time and costs, and the use of 3D telepresence systems, a company’s productivity could rise by up to 40%, according to statistical forecasts.
Europe to Hold the Majority of the Market Diverse studies are being carried out to guarantee an immersive experience with 3D telepresence systems. For instance, researchers at De Montfort University in Leicester, UK, are currently working on a project to create new algorithms that have the potential to lessen the lossy compression of point clouds, which is a common feature of 3D telepresence.
Free-viewpoint rendering and the incorporation of both natural and artificial objects are just two of the many benefits of 3D point clouds that set them apart from conventional video technology. The OPT-PCC project, which is funded by the EU, is working on new data compression algorithms that aim to improve image rate-distortion performance by compressing data efficiently. This could increase storage capacity and make better use of bandwidth.
The 3D telepresence market is anticipated to expand as a result of the expanding use of cutting-edge technologies like augmented reality (AR) and magnetic resonance (MR).
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The UK government had announced an investment of EUR 400 million in June 2020 as part of its industrial development strategy to support cutting-edge national R&D projects that also include immersive technologies like AR, VR, and MR. Businesses based in the UK are anticipated to have more opportunities to develop innovative apps, tools, and virtual experiences as a result of these investments.
Mixed reality (MR) startups are regularly attracting funding from investors for product innovations in order to capitalize on market growth opportunities. For instance, Zapper announced that it would raise funds for its $30 MR device. The latest version of the startup’s app was recently made available.
In a similar vein, in October 2019, the London-based startup Hyper created an innovative MR co-design platform that provides a remedy for the bottlenecks and time-consuming prototyping process.
Landscape of Competition There are a lot of players in the 3D Telepresence Market, which makes it very fragmented. TelePresence Tech, Cisco Systems Inc., Microsoft Corporation, Teliris, Inc. (Dimension Data), Digital Video Enterprises Inc., Musion, Polycom Inc., and ZTE Corporation are some of the market’s major players. The following are some significant recent market developments:
In June 2020, Microsoft added new AI-powered features to its photos app. The Microsoft Photos app will be able to identify distinct individuals across the user’s entire collection of images, making it simpler to organize shots according to their content and to create individualized slideshows featuring a particular person.
In October 2020, ZTE Corporation and China Unicorn established a smart community based on FTTH. They said that a novel smart community deployment based on a FTTH network had been successfully tested in Yinchuan, China. Smart community services can now be delivered over the existing broadband infrastructure of the Passive Optical Network (PON) thanks to this trial.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
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