Press release
Lecture Capture Systems Market Report 2024: Market Size and Growth
Lecture Capture Systems
The lecture capture systems market size is expected to see exponential growth in the next few years. It will grow to $37.69 billion in 2028 at a compound annual growth rate (CAGR) of 32.2%. The growth in the forecast period can be attributed to increasing demand for asynchronous learning, adoption in k-12 education, enhancing accessibility features, increasing collaboration tools, focus on user-friendly interfaces.. Major trends in the forecast period include focus on inclusive design, integration with learning experience platforms (lxps), flexible licensing models, cloud-based lecture capture solutions, microlearning modules..
Market Overview -
Lecture capture systems refer to audio-video lecture recording software developed for classroom and business use and is referred to as a lecture capture system. It is used to record video presentations, manage video files, and transmit video material to a device. It is most commonly used to record recurring lectures for an online course, a brief demonstration that's replayed frequently, or even student speeches.
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The Surge In Online Learning Drives The Lecture Capture Systems Market
The rise in online education is expected to propel the growth of the lecture capture systems market. Online education is a type of education in which students utilize the internet to learn from their home computers. Computer-based training, web-based training, internet-based training, online training, e-learning (electronic learning), m-learning (mobile learning), and computer-aided distant education are driving the lecture capture systems market. In 2022, according to LearnWorlds, an American-based course sales software, the top online learning platforms are Linkedin learning (Lynda), Udemy, Coursera, Skillshare, edX, and others. According to find stack, a review website of software tools and services around 40% of Fortune 500 organizations use online learning to train their employees and the United States alone accounts for more than 31% of worldwide mobile learning spending. The rise in online education and e-learning platforms are driving the Lecture Capture Systems market growth.
Competitive Landscape -
Major companies operating in the lecture capture systems market report are Kaltura Inc., Echo360 Inc., Panopto Inc., Sonic Foundry Inc., Vbrick, YuJa Corporation, McGraw-Hill Education Inc., Crestron Electronics Inc., VIDIZMO LLC, UbiCast Solutions, Epiphan Systems Inc., OpenEye Scientific Software Inc., Tegrity Inc., PowerCreator Info & Tech Co Ltd., Winnov Inc., Lumens Digital Optics Inc., Matrox Graphic Inc., HABOOK Information Technology Inc., TechSmith Corporation, Telestream LLC, Qumu Corporation, ShareStream LLC, Polycom Inc., TELTEK Video Research, Avaya Inc., Alvaria Inc., Calabrio Inc., Genesys Telecommunications Laboratories Inc., IBM Corporation, Verint Systems Inc., Nice Systems Ltd, Nuance Communications Inc., OpenText Corporation, Oracle Corporation, Pegasystems Inc.
Revolutionizing Education Technology
Innovative technological developments of lecture capture systems software are shaping the lecture capture systems market. Innovative technological developments are a discovery of knowledge that advances technology and it is the trend that is followed by the companies in the lecture capture market. For instance, in 2022, Panasonic, a Japanese multinational conglomerate company launched an all-in-one lecture capture and auto-tracking solution to improve data sharing and collaboration. The new solution provides a high-quality, multi-source experience that is adaptable to high-flexibility educational and business settings. The solution makes use of Panasonic's Pan-Tilt-Zoom (PTZ) cameras' face auto-tracking capability by merging auto-tracking server packages with lecture capture material and video management systems.
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Key Segments -
The lecture capture systems market covered in this report is segmented -
1) By Service Type: Professional Services, Integration And Maintenance Services, Training Services
2) By Deployment Model: On-premises, Cloud
3) By Solution: Hardware, Software
4) By End User: Educational Institutions, K-12, Higher Education, Corporate
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamic
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