Technology

Growing Adoption of Learning Management Systems Boost The Demand For Lecture Capture System Market

A lecture capture system enables the user to record video presentations, manage video files, and stream video content to any device. The lecture capture system provides various advantages such as audio and video recording of lectures that enable students to access course materials outside the classroom. Growing trends of a flipped classroom enable students studying at home to attend classes with prepared questions and discussion topics. Saved and archived lectures help the students refer to the shared materials through a lecture capture system. Furthermore, there is a growing adoption of online lecture capture systems to accommodate students with disabilities and provide captions and audio lectures for those with hearing and visual impairments.

The lecture capture system market is expected to grow from US$ 7,135.18 million in 2022 to US$ 36,862.47 million by 2028; it is expected to grow at a CAGR of 31.5% from 2022 to 2028.

Such benefits are significantly driving the global lecture capture system market. Increased collaborations among the academic technology teams, faculty, and staff are focusing on the development of a highly efficient lecture capture system that automatically recognizes cameras and microphones and remembers professors’ recording settings to simplify setup. Such factors are anticipated to boost the growth of the global lecture capture system market in the coming years.

Massive open online courses (MOOCs) are free web-based distance learning programs that are designed for a large number of students residing in geographically dispersed locations. There has been a notable surge in the number of students and learners, especially those applying for MOOCs, in the last decade. According to the Institute of International Education (IIE), almost nine out of ten higher education institutions used a blended learning model in 2020 and more than a third of college and university students took at least one online course in 2018. Traditional learning universities recorded a rise in the number of hybrid and distance-only students in the last decade. In 2020, this trend regained attention amid the COVID-19 pandemic. A limited number of online-degree providers dominate the market for distance education. The improving standards of online education quality, the rise of a new category of educational competitors, and the entry of digital education start-ups in the distance education space are a few more factors contributing to the demand for lecture capture system. Google, in partnership with Coursera, offers courses in fields such as user experience design and data analytics. This has further added to the credibility of online courses, thereby driving the attention of students toward distance courses.

Cisco Systems Inc.; Panasonic Holdings Corp; Legrand AV Inc.; Haivision Systems Inc.; and Kaltura Inc. are some of the key market players operating in the global lecture capture system market. The listing of key players is derived by considering multiple factors such as overall revenue, current lecture capture solution portfolio, geographical reach, new launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the lecture capture systems ecosystem, which were analyzed during the course of this market research study, such as Echo360 Inc.; Epiphan Systems Inc.; Projection House LLC; TechSmith Corp; and YuJa Inc.

Most of the market initiatives were observed in North America region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:

Year Development Region
2022 Echo360 provides a comprehensive, global, SaaS-based video learning platform for creating, delivering, and measuring learning engagement outcomes in any learning environment. It has partnered with Rev, the AI-powered award-winning captioning service, to offer an exclusive AI integration for customers around the world in education, business, and government markets. North America
2022 Panasonic System Solutions Company of North America, revealed its new Lecture Capture and Auto Tracking Solution for sharing and recording lessons, presentations, and meetings in which advanced auto-tracking software, cameras, and servers work together to create an easy-to-use content and video management platform. North America