Smart Lecture Capture System Market 2023 | Latest Update, Trends & International News In One Place - Analysis & Forecast
December 13, 2019 by Market-NewsFlash
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 2023
Market Synopsis of Global 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. Education institutions have come way forward in deploying the latest technologies to the advantage of its students, and smart lecture capture system allows slicing and dicing of archived lecture recordings for later review. 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. The advent of the cloud has been instrumental in shaping the growth of the global smart lecture capture system. With cloud computing, lectures can be recorded and saved in databases.
Growing collaboration between hardware vendors and educational content providers plays a key role in the market growth. Surging demand by corporations for the training of employees and the penetration of handheld devices are other driving factors. Government initiatives for modernizing the education sector are also a factor impacting the market growth positively. However, storage issues and various regulations and policies are hampering the growth of the global smart lecture capture system market. These factors will help the global smart lecture capture system market achieve a valuation of USD 10 Billion by the end of 2023.
The prominent players in the global smart lecture capture system market include Panopto (US), Echo360, Inc. (US), Sonic Foundry, Inc. (US), UbiCast (France), McGraw-Hill Education, Inc. (US), UbiCast (France), Kaltura, Inc. (US), Crestron Electronics, Inc. (US), VBrick (US), UbiCast (France), Cisco Systems, Inc. (US), and Telestream, LLC (US).
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