The accessibility of
educational content in rural areas and cost-effective benefit of training by
captured lectures are advanced features of lecture capture systems, over the
traditional educational approaches. The rise in demand for enhanced learning
experiences through advanced educational technology services enticed the growth
of lecture capture systems in the education sector. According to the World Bank
data, expenditure on the educational sector is increasing faster compared to
the rest of the global economy, and is accountable for 4.81% of the global GDP
in 2015. A rise in demand for distance education and high adoption of
e-learning activities are the key factors driving the growth of the lecture
capture systems market. The global Lecture Capture Systems Market size valued
at $2.86 billion in 2018, and is anticipated to grow with a CAGR of 26.4%,
throughout the forecast period 2019-2025.
Rise in adoption of
online education, and increased government initiatives in this field have
triggered the growth of the lecture capture systems market around the globe.
The e-learning activities appeal to a broad set of online learners engaged in
interactive and entertaining platforms. Nowadays, students are accessing video
streaming websites such as YouTube and Lynda.com for learning practices due to
increased internet speed. Moreover, visually appealing e-learning infographics,
development of the video content search technology, group collaboration
e-learning projects, and large amount of data available for each stream of
education are driving the adoption of e-learning activities, propelling the
growth of the lecture capture systems market. High penetration of portable
devices across the world is another major factor driving the lecture capture
systems market. Many coaching institutes and distance learning colleges are
using lecture capture systems and offering demo lecture videos for free, to
increase the demand for these solutions. Owing to convenience and availability
of video content, students are highly adopting these smart learning solutions
to access videos remotely from around the world.
In developing countries,
e-learning facilities have just started to penetrate into the rural areas.
Hence, the governments in the emerging nations have launched initiatives to
promote digital education techniques, so that children in the remote areas
receive basic education. According to the India Brand Equity Foundation (IBEF),
the education sector in India valued at $91.7 billion, as of 2018. For
instance, the government of India has launched four initiatives to promote
e-learning, which include National Academic Depository, National Digital
Library, Swayam, and Swayam Prabha.
North
America Holding Major Share of the Lecture Capture Systems Market
North America generated
approximately 32% of the global revenue in the lecture capture systems market
in 2018. Countries such as the U.S., Canada, and Mexico are leading the market,
owing to the remarkable growth in the industrial sector. Developments in Audio
Visual (AV) and Information Technology (IT) solutions in the education sector
have significantly improved the student learning experience. In the U.S. and
Canada, there is a high affinity for adoption of new technologies. The rise in
online education, growing government initiatives for digital education, and
increase in distance learning courses, fueled the growth of the lecture capture
systems market in North America.
The application segment will
create the most lucrative opportunities in the lecture capture systems market
is the corporate sector. This application segment is projected to grow at a
CAGR of 28.9% through to 2025. As the recorded lectures are used for training
employees in the corporate sector, the overall training cost incurred by
organizations will decrease, as a single recorded lecture can be used to train
multiple employees.
Lecture capture
solutions have numerous advantages in corporate training module, which includes
augmentation of employee training and onboarding, live stream meetings and product
announcements, reduction in training and travel costs, and a decrease of AV
equipment and integration costs. The productivity and efficiency of employees
have increased the focus on technical education institutions by meeting constantly
evolving demands of the employers. Furthermore, traditional educational and
training methods are now being replaced with advanced teaching methods.
Factors
Driving Lecture Capture Systems Market
· Rising Integration of Audio
Visual Systems
Rising integration of AV
systems in the classroom is driving the lecture capture system market growth.
To stimulate each student’s learning method with a combination of images,
sounds, and attention-grabbing media teachers using audiovisual solutions in
the classrooms. AV solutions can engage students in the subject that is being
discussed in the classroom. Nowadays, more educational institutions are using
this technology in their classrooms, which in turn, increases the demand for
lecture capture systems.
· Growing Focus of the Governments Towards
Digitalization
Government initiatives
towards acceptance of digital platforms for the rural and urban population in
emerging economies are fueling the market demand around the globe. The increasing
focus of the governments in the direction of distant learning further led to this
market growth.
· A Rise in Number of Flipped Classrooms
Panopto, a software for
recording lectures has a huge demand in the market. An easy-to-use tool with a
built-in recording system that can be used in the classrooms on campus and
through webcam students can record audio and video of lectures. It can run on
personal computers, laptops, iPhones and iPad apps for recording micro-lectures
from the smartphones or tablets. Use of lecture capture systems in flipped
classrooms led this industry to size worldwide.
The
Major Players in the Lecture Capture Systems Market:
The prominent players in
the lecture capture systems market include Accordent Technologies, Creston
Electronics, Cisco Systems, Crestron Electronics, Inc., Dell, Echo360, Inc.,
Haivision, Mediacore, HABOOK Information Technology, Inc., Lumens Digital
Optics, Inc., Matrox, Kaltura, Mcgraw-Hill Education, Inc., Panopto, Polycom,
Inc., ShareStream LLC, and YuJa Corporation.
Mergers and acquisitions
are key strategies adopted by players to stay ahead of their competitors.
Polycom, Inc., a U.S. based company, leader in video, voice, and content
solutions announced acquisition with San Jose based Obihai Technology. Such
joint ventures aid the market players to expand their geographical boundaries
and accentuate their footprint into the global lecture capture systems market.
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Related Reports:
· Corporate
Training Market
https://www.industryarc.com/Report/18696/corporate-training-market.html
Personalized Learning
Market
https://www.industryarc.com/Report/18672/personalized-learning-market.html
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