Global Smart Lecture Capture System Market Size to Expand at 26% CAGR by 2023

Smart Lecture Capture System Market size

The smart lecture capture system market is projected to register a stellar CAGR of 26% over the forecast period of 2017–2023, according the report published by Market Research Future (MRFR). Rapid evolution of technology has impacted the education sector, and the way knowledge is imparted. Education institutions have started deploying the latest technologies for providing better value to students and smart lecture capture system, enabling slicing and dicing of archived lecture recordings for later review. The smart lecture capture system market is witnessing a wide scope of adoption among the higher education institutes that is the primary driver of the market. Various tertiary institutions, schools, and workforce training institutions are also integrating smart lecture capture system in an effort for improving the education system that is devoid of the limitations of time and place.

The popularity and emergence of e-learning and distance education play a significant problem. Smart learning capture addresses this problem and records lectures for a future reference at lower cost. The advent of the cloud has been vital in shaping the ascension of the global smart lecture capture system. With cloud computing, lectures are recorded and saved in databases. Upscaling collaboration between hardware vendors and educational content providers plays a major role in the growth of the market. An upsurge noted in the demand by corporations for the training of employees and the penetrations of handheld devices are other driving factors. Government initiatives for modernizing the education sector are also supplementing the growth of the global smart lecture capture systems.

Market Segmentation

The global smart lecture capturing system market is studied for various segments that are based on component, deployment, service type, end-users, and region. Based on components, the global smart lecture capture system market is segmented into hardware and software. Based on deployment, the global smart lecture capture system is segmented into on-premise and on-cloud. Based on service type, the global smart lecture capture system market is segmented into maintenance, training, and professional. Based on end-users, the global smart lecture capture system market is segmented into educational institutes, corporate, and others.

Regional Analysis

Based on the region, the smart lecture capture system market report covers growth opportunities and the latest trends across the Asia Pacific (APAC), Europe, North America, and the Rest of the World. Of these, North America will lead the market over the forecast period. The factors, which can be attributed to the growth of the market include early adoption of advanced technologies, advancements in technology, rising connectivity of handheld devices, and the presence of good educational infrastructure such as laptops and e-books in this region.

The smart lecture capture system market in Europe will have a profitable growth over the forecast period owing to the region investing heavily in augmenting its educational sector.

The smart lecture capture system market in the APAC region is predicted to have lucrative growth opportunities over the forecast period. This is on account of the region’s developing countries making high investments to modernize their education sector.

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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