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Screen Capture Software Market Size, Share, Growth & Forecast 2024-2033 | Trends & Competitive Insights
Screen Capture Software Market Size
According to The Business Research Company's, The screen capture software market size has grown rapidly in recent years. It will grow from $8.45 billion in 2023 to $9.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to the rise of digital content, the proliferation of social media platforms, the rise in customer support and training, the growth of the gaming and streaming industries, and integration into software development workflows.
The screen capture software market size is expected to see rapid growth in the next few years. It will grow to $16.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to remote work continuation, E-learning expansion, growth of video content creation, integration with collaboration tools, and growing emphasis on data security. Major trends in the forecast period include AI-powered features, cloud-based solutions, real-time collaboration features, advanced annotation tools, and accessibility enhancements.
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Market Drivers and Trends:
An increasing demand for online learning is expected to propel the growth of the screen capture software market going forward. Online learning refers to educational activities conducted over the Internet, usually through digital platforms and resources. The increase in demand for online learning is due to the rising importance of continuous skill development, the global accessibility afforded by digital platforms, and the cost-effectiveness of online education. Screen capture software is used in online learning to facilitate interactive demonstrations, tutorials, and content creation by capturing and sharing computer screens. For instance, in December 2023, Coursera, a US-based online learning platform offering courses, degrees, and certificates, saw 17 million new learners registering for their classes, indicating a 16% year-on-year growth. Therefore, an increasing demand for online learning and E-learning is driving the growth of the screen capture software market.
Major companies operating in the screen capture software market are developing innovative solutions such as iFun Screen Recorder to maximize their profit in the market. iFun Screen Recorder is a flexible Windows application designed to record any section of a PC screen effortlessly. It boasts high-quality recording devoid of watermarks, editing functionalities, and seamless sharing options across multiple online platforms such as YouTube, Instagram, and Twitch. For instance, in March 2021, IObit, a Hong Kong-based software development company, launched the iFun Screen Recorder, a free tool that simplifies screen recordings without time limits or watermarks. It offers high-quality video capture, supports webcam, speaker, and microphone recording, and allows saving in various formats. Designed for ease of use, it optimizes recording with a hardware-accelerated H.264 encoder and enables easy sharing on multiple platforms.
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Major Key Players of the Market:
Microsoft Corporation, Adobe Inc., Blackmagic Design Pty. Ltd, GOM & Company, Telestream LLC, TechSmith Corporation, Movavi Ltd., Apowersoft Ltd., Screencast-O-Matic LLC, CloudApp LLC, Droplr Inc., Bandicam Company, OBS Studio, FastStone Soft, ZD Soft, Nimbus Web Inc, Monosnap Inc., Icecream Apps, Wisdom Software Inc, Hyperionics Technology LLC, ScreenRec LLC, PearlMountain Limited, Webinaria, ShareX Team, LEARNPULSE SAS
Screen Capture Software Market 2024 Key Insights:
• The screen capture software market size is expected to see rapid growth in the next few years. It will grow to $16.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%.
• Increasing Demand For Online Learning And E-Learning Fuels Growth In The screen capture software Market
• Advanced Feature For Transforming The Screen Capture Software Market
• North America was the largest region in the screen capture software market in 2023
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