New York, US, Jan. 18, 2023 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Global Smart Lecture Capture System Market, By Component, By Deployment, By Service Type, By End-users - Forecast 2030, the market is anticipated to acquire a valuation of approximately USD 40.4 billion by the end of 2030. The reports further predict the market to flourish at a robust CAGR of over 28.50% during the assessment timeframe.
Smart Lecture Capture System Market Key Players
Eminent market players profiled in the global smart lecture capture system market report 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)
- Telestream LLC (US)
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These key companies have a noteworthy impact on the dynamics & growth of the market. They use various strategies & rules to increase their customer base. Joint ventures, partnerships, extensions, acquisitions, mergers, new manufacturing processes, inventions, & technologically advanced versions of present products are the majority of these policies and initiatives. These strategies are adopted to comprehend customer requirements & lay the groundwork for expansion in the future.
Smart Lecture Capture System Market Report Scope:
| Report Metric | Details |
| Smart Lecture Capture System Market Revenue forecast in 2030 | USD 40.4 Billion |
| Smart Lecture Capture System Market Growth Rate | CAGR of 28.50% from 2022 to 2030 |
| Base Year | 2021 |
| Study Period | 2022-2030 |
| Key Market Opportunities | Advent of Cloud to offer Robust Opportunities |
| Key Market Drivers | Rapid Technological Evolution in Education Sector to Boost Market Growth |
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Smart Lecture Capture System Market Dynamics
Market Drivers
Rapid Technological Evolution in Education Sector to Boost Market Growth
The education industry and how knowledge is transmitted have been significantly changed by the quick development of technology. Education institutions have made significant progress in implementing cutting-edge technology to the benefit of their students, and smart lecture capture systems enable archival lecture recordings to be chopped and diced for subsequent examination. Higher educational institutions have been adopting smart lecture capture systems in large numbers, which is the main market driver. Many academic institutions, workforce development centers, and schools are implementing smart lecture capture systems in an effort to enhance the education system that is not constrained by space and time.
Market Opportunities
Advent of Cloud to offer Robust Opportunities
The global smart lecture capture system has grown significantly as a result of the cloud's introduction. Lectures can be recorded and preserved in databases using cloud computing.
Restraints and Challenges
Lack of Infrastructure to act as Market Restraint
The lack of infrastructure coupled with the unavailability of sufficient storage space may act as market restraints over the forecast period.
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Smart Lecture Capture System Market Segmentation
The smart lecture capture system market is bifurcated based on component, deployment, service, and end users.
By component, software will lead this market over the forecast period.
By deployment, cloud will domineer the market over the forecast period. The cloud is one of the most efficient technologies with a positive influence on the company line, which is thought to be the cause. Additionally, the increasing use of cloud-based solutions for these systems and their many benefits, including their flexibility, dependability, and low cost, among others is also boosting growth.
By service type, training and maintenance will spearhead the market over the forecast period. This is due to the course's ability to be designed and delivered with a high degree of adaptability.
By end users, the small lecture capture system market is segmented into corporate and educational institutes.
Smart Lecture Capture System Market COVID-19 Analysis
The global economy has suffered because of COVID-19. Despite the fact that businesses all over the world have quickly adapted the newest technologies to survive the pandemic situation, this has presented difficulties for the education sector. Smart lectures and smart lecture capture systems have gained in importance as a result of the widespread unrest in the world and the efforts of concerned organizations and political entities to reform the entire educational system.
The COVID-19 is being watched by a number of ed-tech companies as a chance to persuade educational institutions to use the digital platform. The implementation of cutting-edge technology by training and educational institutions, including smart lecture capture systems, has made the smart education system the new standard. The systems assist the educational institutions in developing improved online and digital learning resources. Smart lecture capture systems are expanding across the education industry as a result of new applications and services being released by numerous ed-tech companies.
Smart Lecture Capture System Market Regional Analysis
North America to Steer Small Lecture Capture System Market
During the anticipated period, the North American region is anticipated to dominate the market. The high adoption of mobile gadgets, ongoing technological advancement, and the quick uptake of novel and developing technologies are the causes. The expansion of the smart lecture capture market in the region is also influenced by the highly developed educational infrastructure in nations like the United States and Canada, which includes laptops, e-books, and other devices. The expansion of the market in the region is being driven by improvements in audio and visual technology as well as a rise in the integration of IT solutions to enhance the educational system and ultimately the learning experience.
Due to the region's developing e-book, reader, and laptop markets as well as its growing inventive advances, technological advancements, and suitable infrastructure, North America currently has a dominant position in the global market for smart lecture capture. Over the course of the forecast, North America will dominate the market. Early acceptance of cutting-edge technologies, technological breakthroughs, increased connection of portable devices, and the existence of high-quality educational infrastructure like laptops and e-books in this region are among the factors that can be credited to the market's rise.
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APAC to Have Favorable Growth in Small Lecture Capture System Market
The area predicted to experience the fastest development in the smart lecture capture market is Asia-Pacific, because of expanding government efforts, an increase in online education, and the popularity of distance learning programs in nations like China and India. Due to the growing number of educational institutions, including schools, universities, & business schools, the APAC lecture capture system market is expanding. In addition, the region's market for lecture capture systems is growing as a result of considerable steps taken by governments in numerous economies to improve their educational systems, the digitalization of economies, and an increase in middle-class households' disposable income.
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