Lecture Capture Systems Market - Forecast(2024 - 2030)

Lecture Capture Systems Market Overview

The Lecture Capture Systems Market size is forecast to reach $28.5 billion by 2027, growing at a CAGR of 14.2% from 2022 to 2027. The factors such as the growing popularity of e-learning, significant dominance of video-based learning platforms, and others are contributing to the market growth. Furthermore, the availability of devices to access videos, growing preference for audio-video recordings in distance learning & corporate trainings, are also influencing the demand for lecture capture systems. Governmental initiatives to promote the rise of e-learning and smart classes, significant emphasis on transforming teaching standards and so on have been also raising the adoptability of lecture capturing systems. Increased use of artificial intelligence and cloud integration systems for backup storage, disaster recovery, and data archiving, high proliferation of portable devices as well as rising dominance of cloud cloud storage gateway due to ease of data storage and low latency flexibility, will capture the growth of lecture capture systems industry overtime.

Lecture Capture Systems Market Report Coverage

The report: “Lecture Capture Systems Market Outlook – Forecast (2022-2027)”, by IndustryARC covers an in-depth analysis of the following segments of the Lecture Capture Systems industry.

By Product Type: Hardware, Software
By Services: Professional Services, Training Services, Integration & Maintenance Services
By Deployment Model: Cloud and On-premises
By End-User: Academic Institutes (K-12, Higher Education) and Corporate
By Geography - North America (U.S, Canada, Mexico), Europe (UK, Germany, France, Italy, Spain, Others), APAC (China, Japan India, South Korea, Australia, Others), South America (Brazil, Argentina, Others), RoW (Middle East, Africa)

Key Takeaways

Lecture Capture Systems Market Segment Analysis-By Deployment Model

Cloud Deployment is analyzed to emerge as the fastest-growing segment in the global Lecture Capture Systems market, with a CAGR of 16.3% from 2022 to 2027, attributed to varied factors including pricing flexibility, reduced operational costs, high scalability and so on. In comparison to on-premise models, cloud lecture capturing solutions have been facing wider popularity across both academic institutions as well as corporate sector, due to availability of annual or monthly subscriptions, free versions, enterprise user license and so on with additional benefits. Deployment of such solutions eliminates the need for additional IT infrastructure requirement with its maintenance, which in turn reduces overall organizational operation costs, driving its market demands overtime. Moreover, the growing demand for ensuring high-quality video streaming, significant shift of highly scalable video capturing solutions, rapid rise in storage of massive amounts of content and data, is also catering to its market growth. According to a survey conducted by Extreme Networks in 2020, about 94% of educational institutes revealed hosting at least one solutions in cloud, including curriculum content, teaching devices, and so on. With student information systems continue to remain the top most priority, about 48% is hosted in cloud. In addition, around 40% of education institutions have plans to shift their IT networks to the cloud in the coming 1-5 years, due to supporting the growth phase of cloud networking in education. In October 2020, Manchester University launched a site-wide lecture capture initiative with YuJa Enterprise Video Platform in order to deliver cloud-hosted lecture capture and live streaming services. With the implementation of the YuJa Enterprise Video Platform, faculty and students at Manchester University will have access to a comprehensive video platform that promotes a more active learning environment. These factors are set to positively impact the market demands for cloud lecture capture systems in the long run.

Lecture Capture Systems Market Segment Analysis- By End user

Corporate sector is analyzed to grow with the highest CAGR of 15.4% in the global Lecture Capture Systems market during the forecast period 2022-2027, due to factors such as an increase in work-from-home culture, significant need for continuous training & assistance majorly during lockdowns or pandemic, rise in corporate spending towards virtual training sessions and so on. Utilization of lecture capture system within a corporate setting helps in reducing employee training costs, travel expenses, alongside providing assistance for creation of physical classrooms. Owing to benefits like meeting recording, audio & video capture, chat & screen sharing, end-to-end encryption, integration with company apps, dial-in facility with phone, and much more, there is significant deployment of lecture capturing systems overtime from corporate firms. In February 2022, Panasonic System Solutions announced the launch of a new “Lecture Capture and Auto Tracking Solution” capable of recording & sharing lessons, meetings, and presentations. With the collaboration of advanced auto-tracking software and servers, this is capable of creating a simple content & video management platform, offering high-quality and rich multi-source experiences for corporate environments. Such factors are expected to accelerate the market demand for lecture capture systems in the corporate sector in the long run.

Lecture Capture Systems Market Segment Analysis- By Geography

North America dominated the global Lecture Capture Systems market with a share of 36% in 2021, and is also analyzed to have a significant growth during the forecast period 2022-2027, attributed to the factors such as increased technological advancement within educational sector, rising demand for active learning platforms in academic institutes & corporates, surge in spending on corporate trainings, and so on. Furthermore, a large number of companies have also started investing in making educational facilities more interactive, coupled with increasing technological advancement towards audio visual industry, emergence of video content search technology, eventually driving its market growth forward. Growing emphasis on e-learning and distance learning programmes, rapid penetration of mobile devices like smartphones, laptops and others during lecture sessions or corporate training sessions, alongside high R&D activities, have been also propelling the market demands for lecture capture systems. In June 2022, Texas State Technical College signed a contract with Yuja Inc., to provide the Enterprise Video Platform for lecture capture and media management solutions. Capable of creating or publishing recordings, generating captions as well as utilization of quiz features, YuJa helped the institution by providing high functionality, ease of use, and the ability to manage and simplify workflows. These factors can be considered vital in boosting the growth of lecture capture systems within North American markets. 

Lecture Capture Systems Market Drivers

Growing technological advancements within educational sector towards improving teaching standards is positively impacting the market growth of lecture capture systems:

Growing technological advancements within education sector for improving teaching standards can be considered as one of the major drivers boosting the market growth of lecture capture systems. Increasing demand for digitally empowered classrooms, rising trend of smart classes & distance education, proliferation of online courses & educational contents, webinars & live classes are some of the major areas behind the technological advancement in the education sector. The use of emerging technologies in the field of education significantly help in reducing cost of education, encourage students to take part in learning, make learning more collaborative & engaging, increase student engagement in higher-order thinking, as well as develop their communication skills. In 2020, the Indian government proposed the National Education Policy which includes an entire section devoted to research, development, and implementation plans. It initiates Information & communication technology integrated teaching methods for students in Classes 6–12, with the goal of improving educational assessments & progress reports of the students by the use of technological innovations. According to a study by American Educational Research Association in 2021, 105 prior studies were conducted with a combined sample of 7,776 college students, which revealed that students receiving video lessons in addition to regular classwork had seen improvement in their grades. The studies also suggested that humans are hardwired to learn the best through processing both auditory as well as visual information, alongside making teaching of complex skills and behaviors more effective. These factors are set to accelerate the market growth of the lecture capture systems market in the long run.

Governmental initiatives towards promoting the rise of e-learning and smart classes drives the market forward:

Governmental initiatives towards promoting the culture of e-learning and smart classes is driving the demand for lecture capture systems. The factors such as growing popularity of digitalization, significant transition from manual learning methods, due to requirement of more space, money, & time with others is also leading the market. Maintaining learning materials through electronic methods is comparatively more efficient and reduces human errors, compared to materials stored physically, which can be easily misplaced, stolen, or damaged. E-learning assist students in disseminating ideas, conducting online classes, creating online discussion forums, and taking online exams. With the outbreak of Covid-19 pandemic, there is a significant surge in adoption of e-learning platforms, along with growing government investments towards smart classrooms, which in turn is influencing the market growth. In May 2020, the government launched the PM eVIDYA programme to make e-learning more accessible to Indian students and teachers, as well as to promote and strengthen digital education in India. The programme will benefit 25 crore school students by bringing together all activities related to online/digital education. In 2021, one of the largest tech companies in India, BYJU’s had reported a staggering 200% rise in the number of new students using its online platform, after introducing free live classes on its Think and Learn mobile application. These factors can be considered highly essential in influencing the market growth for lecture capture systems.

Lecture Capture Systems Market Challenges

Copyright issues and the possibility of misusing recorded contents is impeding the market growth of the lecture capture systems:

Lecture Capture Systems Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the Lecture Capture Systems market. The Lecture Capture Systems top 10 companies include market include:

1. Cisco Systems Inc.
2. Echo360 Inc.
3. Vbrick
4. Kaltura Inc.
5. Panopto
6. Techsmith Corporation
7. Crestron Electronics Inc.
8. Yuja Corporation
9. Cattura Video
10. Haivision

Recent Developments

• In March 2022, YuJa, Inc. collaborated with PlayPosit, an online learning environment capable of supporting YuJa in learning management. The system will assist companies of all size in creation of interactive, user-friendly videos and media content in a scalable and cost-effective manner.
• In January 2022, Echo360 Inc. collaborated with an education learning engagement platform to develop a most comprehensive SaaS-based video learning and engagement platform. It allows instructors & learners to share impactful learning experiences from anywhere and provides a holistic learning engagement experience for instructors & students in any environment.
• In December 2021, TechSmith Corporation launched Snagit 2022, which included features to address the growing need for distributed team communication. It enhances Picture-In-Picture recording to keep human connections alive in remote environments, as well as the ability to save Snagit library captures to a variety of cloud options for access across multiple devices.

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