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Lecture Capture Systems Market Insights and Global Forecast | 2024 To 2033 Key Players Kaltura Inc., Echo360 Inc., Panopto Inc., Sonic Foundry Inc., Vbrick, YuJa Corporation, McGraw-Hill Education Inc.
Lecture Capture Systems Market Share
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According to The Business Research Company's, 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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Market Drivers and Trends:
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.
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
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Major Key Players of the Market:
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.
Lecture Capture Systems Market 2024 Key Insights:
• 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 Surge In Online Learning Drives The Lecture Capture Systems Market
• Revolutionizing Education Technology
• North America was the largest region in the lecture capture system market in 2023
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