This market research report presents a detailed segmentation of the global lecture capture solutions market by product (software and hardware), by end-uses (academic, corporate, and others), and geography (APAC, Europe, North America, and ROW). The leading players in this market include Panopto, Sonic Foundry, Echo360, and Tegrity.
Technavio’s market research analysts estimate the global lecture capture solutions market to grow at a CAGR of almost 22% between 2016 and 2020. The emergence of video content search technology is the primary driver for the market. Numerous lectures that take place in corporates and governments are recoded with the help of various video capturing devices such as video cameras, digital cameras, and smartphones. Video content search technology provided by vendors helps cyber universities assist their students by providing a convenient way to search for appropriate videos. The growth in the adoption of digital content for education is yet another factors that is likely to influence the market growth during the forecast period. At present, North America accounts for the majority share of the global lecture capture solutions market with a share of almost 49%. The surge in the digitalization of the education and corporate sectors is expected to fuel growth of the market in this region by 2020.
The new market research report from Technavio presents a breakdown and analysis of the lecture capture solutions segments by end-user.
“The latest trend in the market is the surge in cloud-based lecture capture solutions. Such solutions involve a one-time, up-front capital investment and eliminates other costs associated with service deployment, such as server administration, software maintenance, and support. Cloud-based solutions not only offer better storage space but has the ability to capture lectures from any location and deliver the same instantly,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
The academic sector dominates the global lecture capture solutions market by holding a market share of over 71%. The introduction of virtual classrooms in the curriculum of various institutions and thereby, the introduction of blended learning practices is the primary driver for the growth of this segment. The academic segment is likely to flourish due to the widespread adoption of lecture capture solutions by students and faculties alike.
The key vendors in the global lecture capture solutions market include Panopto, Sonic Foundry, Echo360, and Tegrity. The market is characterized by the presence of diversified international and regional providers. The market is dominated by leading international players who are expanding their presence worldwide, especially in fast-developing countries in APAC, Africa, and Latin America. Competition in this market is expected to intensify with an increase in product/service extensions, technological innovations, and mergers and acquisitions.
A more detailed analysis is available in the Technavio report, Global Lecture Capture Solutions Market 2016-2020.
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