Press release
Lecture Capture Systems Market Size, Share, Growth And Forecast 2033
Lecture Capture Systems Market Size
Lecture Capture Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $37.69 billion In 2028 At A CAGR Of 32.2% :
The lecture capture systems market size has grown exponentially in recent years. It will grow from $9.31 billion in 2023 to $12.35 billion in 2024 at a compound annual growth rate (CAGR) of 32.7%. The growth in the historic period can be attributed to increased importance of distance education, growing demand for blended learning, faculty and student demand for flexibility, need for review and revision of course material, focus on lifelong learning.
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.
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Lecture Capture Systems Market Major 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 Driver - 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.
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Prominent Trend - 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.
Lecture Capture Systems Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the lecture capture system market in 2023. The regions covered in the lecture capture systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Lecture Capture Systems Market Report Structure
3. Lecture Capture Systems Market Trends And Strategies
4. Lecture Capture Systems Market - Macro Economic Scenario
5. Lecture Capture Systems Market Size And Growth
…..
27. Lecture Capture Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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