Lecture Capture Market Size will experience lucrative expansion between 2022 and 2028. Increasing student enrollment and the incapacity of universities to meet instructional accommodation needs, along with the pressure to meet faculty cut-off and budget requirements, will foster the demand for lecture capture in the forthcoming years.
Escalating students' inclination towards e-learning due to the easy accessibility to replay or attend dropped lectures at any time and place will boost the industry forecast in the coming years. According to research by the University of Wisconsin-Madison, around 82% of students who took part in the survey chose courses offering online lectures over traditional classroom courses for learning.
Growing penetration of smart handheld devices and the flexible accessibility across all systems, be it Mac, Android, iOS, or PC, is likely to bolster the industry outlook during the analysis period. Increasing collaborations between educational content providers and hardware vendors in covalence with inflating R&D investment for improved product innovations will augment the lecture capture industry share in the future.
Furthermore, the increasing preference for lecture capture in distance learning and corporate training, along with the supporting government initiatives to improve IT infrastructure in the education sector, will escalate product adoption.
The lecture capture market is bifurcated into hardware and software components. Hardware components may experience considerable progression driven by their increasing application in classrooms to record/stream events, lectures, or presentations. They can capture at a time like lecture cameras, document cameras, or tablets.
Software components may record decent expansion due to their ability to record from any system without any hardware capture box. Also, they offer several benefits like recording flexibility, editing ability, portable content, ad-hoc usage, and scalability to any classroom.
The corporate sector may emerge as a major end-user segment for the lecture capture market due to the increasing usage in training and skill development programs. It helps industries to deliver standard content globally and avoid any discrepancies while saving a lot of funds on repetitive training and onboarding sessions.
North America lecture capture industry may register significant expansion during the projected timeframe. Increasing technological advancement in the audiovisual industry, coupled with the favorable government norms to integrate IoT technology in the education sector, will fuel the growth in the region. Furthermore, increasing demand for distance and e-learning courses will further support regional expansion.
Some of the eminent players of the lecture capture industry include Creston Electronics, Accordent Technologies, Cisco Systems, Dell, Kaltura, Mediacore, Mcgraw-Hill Education, Inc., Haivision, Echo360, Inc., YuJa Corporation, Panopto, Crestron Electronics, Inc., Polycom, Inc., ShareStream LLC, Lumens Digital Optics, Inc., Matrox, Lumens Digital Optics, Inc, and HABOOK Information Technology, Inc.
These players are incorporating several strategies to expand their product portfolio and strengthen their market position.
COVID-19 positively impacted the lecture capture industry in 2020. Stringent lockdown restrictions in major economies of the world completely changed the education and working culture. Emerging trends of e-learning and online education, in addition to growing work from home culture in the corporate sector, boosted the industry's expansion.
Furthermore, the integration of virtual onboarding and training processes in major enterprises also supported the market growth during the pandemic.
Market, by components
Market, by software components
The above information is provided for the following regions and countries: