Smart Lecture Capture System Market size
The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Smart Lecture Capture System Market size. The growth sectors of the Smart Lecture Capture System Market size are identified with precision for a better growth perspective.
The smart lecture capture system market is predicted to grow at a notable CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. The smart lecture capture system is used for recording lectures for saving it in the database. This is part of the smart education system. The smart lecture capture system provides a lot of functions such as online learning sources, digital learning resources, collaborative technologies, better learning programs, and more. This is an excellent means of extending material beyond the classroom, thus enabling distance learning as well as supporting students with schedules that are nontraditional.
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Various factors are propelling the smart lecture capture system market growth. These factors, as specified by the Market Research Future (MRFR) report, include increasing collaboration between the educational content provider and hardware vendors, technological changes, favorable government initiatives, and growing demand for distance education. Additional factors pushing market growth include increasing penetration of handheld devices, growing demand by corporates for training employees, increasing adoption of distance education, and growing penetration of personal electronic devices.
On the contrary, various policies and regulations and storage issues are factors that may hinder the smart lecture capture system market growth over the forecast period.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the smart lecture capture system market based on service type, deployment, end users, and component.
Based on component, the smart lecture capture system market is segmented into software and hardware.
Based on deployment, the smart lecture capture system market is segmented into cloud and on-premise. Of these, the cloud-based deployment segment will have the largest share in the market over the forecast period. This is owing to the cloud being a highly effective technology that has a positive effect on the business line. Moreover, the increasing use of cloud-based solutions and the different features provided by them, such as low cost, reliability, and flexibility is also boosting the market growth.
Based on service type, the smart lecture capture system market is segmented into professional, maintenance, and training. Of these, training and maintenance segment will dominate the market over the forecast period. This is owing to the flexibility of creating and delivering the course as per the needs.
Based on end users, the smart lecture capture system market is segmented into corporate, educational institutes, and others. Of these, the educational institutes segment will have the maximum share in the market over the forecast period.
Key Players
Leading players profiled in the smart lecture capture system market report include Telestream, LLC (US), Cisco Systems, Inc. (US), UbiCast (France), VBrick (US), Crestron Electronics, Inc. (US), Kaltura, Inc. (US), UbiCast (France), McGraw-Hill Education, Inc. (US), UbiCast (France), Sonic Foundry, Inc. (US), Echo360, Inc. (US), and Panopto (US), among others. The key market players have used various strategies for creating a footprint in the market, such as product innovations, mergers and acquisitions, partnerships, research and development activities, and much more.
July 2019: Researchers at Udacity has developed artificial intelligence that can help in generating lecture videos from an audio narration.
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Global Smart Lecture Capture System Market, By Component (Hardware, Software), By Deployment (On-premises, Cloud), By Service Type (Training, Professional), By End-users (Educational Institutes, Corporate) - Forecast 2023Smart Lecture Capture System MarketSmart lecture capture system is used to record lectures so that it can be saved in the databases.
The smart lecture capture system is a type of smart education system.
The factors contributing to the growth of the market are growing demand for technologically advanced devices, increasing demand for e-learning and government initiatives.
The market is expected to have high growth over the forecast period.Global Smart Lecture Capture System Market is projected to reach at USD 10 billion by 2023 with 26% CAGR during forecast period 2017-2023.Smart Lecture Capture System MarketAccording to Market Research Future, market has been segmented into component, deployment, services, end-users and region.On the basis of deployment, the market has been segmented into on-premises and cloud based.
Out of these, cloud based deployment accounted for the largest market share.
The reason is attributed to cloud being one of the most effective technologies which have a good impact on the business line.
Smart Lecture Capture System Market 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.
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.
Although MNCs and businesses worldwide have been quick to adapt to the lockdown due to the pandemic, it has been quite taxing for the education sector.
It is apparent that the traditional ways of conducting lectures will not help in these challenging times.SARS-CoV-2 has given rise to various opportunities, in terms of the growing need to improve the education infrastructure.
A number of EdTech vendors are seeing the novel coronavirus as an opportunity to encourage schools and colleges to come on the digital platform.
Smart education system has become the latest norm, with various tertiary institutions, workforce training and schools adopting the latest technologies such as smart lecture capture system for collaborative technologies, better learning programs, online learning sources and digital learning resource, to name a few.
For instance, in June 2020, Sonic Foundry launched its latest app called Mediasite Mosiac that helps monitor and capture recordings from Microsoft Teams, Zoom, and other web and video conference systems coupled with create video communications.The surge in collaborations between educational content vendors and hardware firms, technological evolvements, rising popularity of distance education and the rise in government initiatives have also been favorable for the global market.
Regional Study The smart lecture capture system market share is spread across North America, Asia Pacific/APAC, Europe, and RoW or Rest of the World.The North American market for smart lecture capture system has emerged as the most profitable, thanks to the high uptake of handheld devices, frequent technological development and the fast consumption of advanced and new technologies.
