Smart Lecture Capture System Market is predicted USD 10 billion and further predicted to meet at 26% CAGR during the forecast period 2017 to 2023.
Market Highlights
The
global smart
lecture capture system market is on an upward growth trajectory and is
expected to capture a stellar CAGR of 26% over the forecast period of
2017-2023, reveals Market Research Future (MRFR) in a minutely analyzed
research report. The rapid evolution of technology has greatly impacted the
education sector, and the way knowledge is imparted. Education institutions
have come way forward in deploying the latest technologies to the advantage of
its students, and smart lecture capture system allows slicing and dicing of
archived lecture recordings for later review.
The
smart lecture capture system market has been gaining widespread adoption among
higher educational institutes which is the primary driver of the market.
Various schools, tertiary institutions, and workforce training institutions are
deploying smart lecture capture system in an effort to improve the education
system which is devoid of the limitations of time and place. The
emergence and popularity of e-learning and distance education play a
significant role in the growth of the global smart lecture capture. In the view
of the growing development of e-learning, lack of content is a significant
problem. Smart learning capture addresses this problem and records lectures for
future reference at less cost. The advent of the cloud has been instrumental in
shaping the growth of the global smart lecture capture system. With cloud
computing, lectures can be recorded and saved in databases. Growing
collaboration between hardware vendors and educational content providers plays
a key role in the market growth. Surging demand by corporations for the
training of employees and the penetration of handheld devices are other driving
factors. Government initiatives for modernizing the education sector are also a
factor impacting the market growth positively. However, storage issues and
various regulations and policies are hampering the growth of the global smart
lecture capture system market. These factors will help the global smart lecture
capture system market achieve a valuation of USD 10 Billion by the end of 2023.
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Segmentation:
The
global smart lecture capture system market has been segmented based on
component, deployment, service type, and end-users. By component, the market
has been segmented into hardware and software. By deployment, the market has
been segmented into on-premise and cloud. By service type, the market has been
segmented into training, maintenance and professional. By end-users, the market
has been segmented into educational institutes, corporate, and others.
Regional Analysis
The global smart lecture capture system market spans across the regions
of North America, Europe, Asia Pacific, and the Rest of the World. North
America is the largest market for smart lecture capture system. Increasing
connectivity of handheld devices, technological advancement and early adoption
of latest technologies supports the growth of the North America market.
Moreover, the presence of adequate educational infrastructure such as e-books,
laptops, etc., in the region also is a driving factor. Europe is also a
profitable market since it is investing heavily in improving its educational
sector. Asia Pacific market holds lucrative growth opportunities as the
developing countries in the region are making a substantial investment in
modernizing their education sector.
Competitive Landscape
The prominent players in the global smart lecture capture system market
include Panopto (US), Echo360, Inc. (US), Sonic Foundry, Inc. (US),
UbiCast (France), McGraw-Hill Education, Inc. (US), UbiCast (France), Kaltura,
Inc. (US), Crestron Electronics, Inc. (US), VBrick (US), UbiCast
(France), Cisco Systems, Inc. (US), and Telestream, LLC (US).
Industry Updates
- In July 2018,
Panopto, a leader in video platform provider for business and
universities, announced the release of a new forthcoming a new media
capture appliance. The video platform is Panopto-certified, and Panopto is
collaborating with Matrox, a global manufacturer of reliable, high-quality
encoder cards, appliances, and software for the same. The video platform
supports video recording and live streaming which can be used for
imparting smart education by universities and educational institutions.
- In September
2018, Sonic Foundry, Inc., a global leader in video management and
creation solution announced that it has been chosen by Iqra University for
its state-of-the-art smart classrooms campuses.
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