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Lecture Capture Market size is expected to witness profitable growth between 2023 and 2032, owing to the rising student enrolment, the inability of universities to meet instructional accommodation demands, and pressure to meet faculty cut-off and budget constraints.
The ease of replaying or attending missed lectures at any time or location is driving the preference for e-learning, which will improve the industry outlook in the years to come. According to data from the University of Wisconsin-Madison, almost 82% of students who participated in the study preferred online lectures to traditional classroom courses as a learning environment.
The increasing use of smart portable devices and the flexible accessibility across all operating systems, including Mac, Android, iOS, and PC is expected to influence market expansion over the years. The lecture capture market share will increase along with the cooperation between educational content producers and hardware vendors, as well as increased R&D spending for better product improvements.
Based on components, the lecture capture market is segregated into hardware and software components. The hardware components segment may advance significantly due to the growing use of these devices in classrooms to record or stream events, lectures, or presentations. These components take multiple pictures while recording or streaming lectures, like document cameras, lecture cameras, and tablets.
As software components allow recording from any system without a hardware capture box, they will provide profitable revenues over the years. This allows many advantages like adaptability in recording, editing, portable content, ad-hoc usage, and scalability to any classroom. Together with supporting government attempts to strengthen IT infrastructure in the education sector, the rising preference for lecture capture in remote learning and corporate training will accelerate product adoption.
The lecture capture market in North America is forecasted to experience profitable growth by 2032 as a result of rising technical development in the audiovisual industry and supportive government regulations for integrating IoT technology in the education sector. The rising adoption of online and distance learning programs will promote regional market expansion.
As per end-use, the lecture capture market from the corporate segment may record significant profits as these devices are increasingly being used in training and skill development programs. In addition to preventing discrepancies and saving a lot of money on repetitive training and onboarding sessions, it enables industries to deliver standardized information globally.
Matrox, Lumens Digital Optics, Inc., Accordent Technologies, Polycom, Inc., Cisco Systems, ShareStream LLC, Dell, HABOOK Information Technology, Mediacore, Mcgraw-Hill Education, Inc., YuJa Corporation, Haivision, Echo360, Inc., Kaltura, Panopto, Crestron Electronics, Inc., and Lumens Digital Optics, Inc., are a few of the leading companies in the global lecture capture market. These firms are implementing a number of initiatives to diversify their product offering and improve their market share.
The competitive sphere of the lecture capture market is likely to benefit from the Russia-Ukraine war since many enterprises are tapping into the growing demand for e-learning services. Both Russia and Ukraine are home to some of the leading edtech firms such as Headway. Businesses are attempting to develop new strategies to expand their global footprint which would favor market expansion.