The lecture capture system market is expected to reach US$ 36,862.47 million by 2028; registering at a CAGR of 31.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Development of Smart IT Infrastructures in Education Sector to Create Growth Opportunities for Lecture Capture System Market Players during Forecast Period
Government bodies across the world are making significant investments and allocating budgets to boost the development of a smart infrastructure within the education sector. Technology giants are introducing innovative and automated modules to make technologically smart schools, colleges, and institutes. Smart city initiatives are further strengthening the demand for smart IT infrastructure in universities and community colleges across the world. Smart IT infrastructure in education and learning settings promotes the bring-your-own-devices model, wherein students can use personal devices to access the content delivered by their teachers or instructors, either individually or in a peer-to-peer setting, which in turn contributing to the lecture capture system market growth. As of September 2022, the Government of India opened 4 smart schools in Ahmedabad, making an addition to the previously built 22 schools across the city. According to the new National Education Policy 2020, the government is promoting the construction of schools with modern teaching methods. Thus, the rise of smart IT infrastructure in the global education sector is likely to produce opportunities for the players operating in the lecture capture system market.
Lecture Capture System Market – by Region, 2021 and 2028 (%)
Lecture Capture Systems Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware, Software (On-Premise and Cloud), and Services (Integration & Maintenance Services and Training Services)] and End User (Educational Institutions and Corporates), and Geography
Lecture Capture Systems Market Size and CAGR by 2031
Download Free Sample
Source: The Insight Partners Analysis
In North America and Europe, the lecture capture system market is proliferating due to a large number of lecture capture system industry players such as Blackboard Inc., Cornerstone, D2L Docebo, and IBM Corporation. The presence of a larger number of lecture capture system providers in both regions is also supporting the lecture capture system market growth. Also, the adoption of the LMS platform is increasing with the incorporation of advanced education systems and high education spending. Further, with the growing trend of enhancing the general performance of students, streamlining students’ tasks, better communication, and management of timetables, the education sector is witnessing a transition in adopting advanced automatic systems, which ultimately increases the demand for lecture capture system market.
The lecture capture system market is segmented on the basis of component, end user, and geography. Based on component, the market is segmented into hardware, software, and services. The software segment is further bifurcated into on premise and cloud. The services segment is further bifurcated into integration & maintenance services and training services. Based on end user, the market is segmented into educational institutions and corporates. Based on geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the lecture capture system market.
Impact of COVID-19 Pandemic on Lecture Capture System Market
The COVID-19 outbreak has dramatically impacted the global information & communication technology industry, causing major revenue loss. However, the global lecture capture system market, in particular, experienced minimum impact owing to the imposition of government measures such as social distancing and working from home. The COVID-19 pandemic significantly changed the education system with the rise of e-learning on digital platforms. In 2021, as the world gradually recovered from the adverse impacts of the pandemic, organizations still promoted working remotely, leading to an exponential rise in video and audio conferences and an increased number of meetings via apps or collaboration platforms. The adoption of digital platforms, virtual private networks (VPNs), cybersecurity, and data security are other technologies that have grown due to remote working. Moreover, the lecture capture system market is anticipated to grow due to the rising preference for online learning. The lecture capture system market providers are increasingly focusing on technologies such as artificial intelligence, big data, augmented reality, and virtual reality that will assist the growth of smart learning systems in the coming years. The emergence of the COVID-19 pandemic led to a sudden shift in the functioning of various classrooms and institutions; it also increased the adoption of online learning platforms and tools such as teaching apps, virtual tutoring, video conferencing tools, and online learning software. For instance, after two weeks into the transition to online learning, Zhejiang University (China) and The Imperial College (London) conducted various courses using online lecture systems. Lecture capture system providers are replicating a physical class/lecture through video capabilities by using various collaboration tools and software. Such factors are anticipated to propel the growth of the lecture capture system market in the coming years.
The key players operating in the lecture capture system market include Cisco Systems Inc., Panasonic Holdings Corp, Legrand AV Inc., Haivision Systems Inc., Kaltura Inc., Echo360 Inc., Epiphan Systems Inc., Projection House LLC, TechSmith Corp, and YuJa Inc.
Contact Us
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com