Lecture Capture Systems Market worth 9.39 Billion USD by 2022

According to new market research report "Lecture Capture Systems Market by Solution (Hardware and Software), End-User (Educational Institution and Corporate), Service Type (Professional, Training, and Integration & Maintenance), Deployment Model, and Region - Global Forecast to 2022", The global lecture capture systems market size is expected to grow from USD 2.24 Billion in 2017 to USD 9.39 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 33.19%.

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The objective of the report is to define, describe, and forecast the lecture capture systems market size on the basis of solutions, deployment models, service types, end-users, and regions. Among the solutions, the hardware solutions segment is expected to have the larger market share in the lecture capture systems market during the forecast period. The market size of the hardware solutions segment is expected to grow due to the proliferation of smartphones and tablets among enterprise workforce and students. The software solutions segment is expected to record a higher market growth rate during the forecast period. The software solutions market is driven by the unprecedented growth of distance learning courses across universities, increase in online courses and schools, and growing demand for lecture capture systems among students.

In the deployment type segment, the cloud deployment type is expected to grow at a higher CAGR during the forecast period. Managing the recorded lectures is one of the major challenges faced by lecture capture system providers. This challenge is mitigated by the cloud deployment model. The advantages of the cloud-based deployment model include flexibility, scalability, affordability, operational efficiency, and low cost.

Among the lecture capture system end-users, the corporate segment is expected to grow at a higher CAGR during the forecast period, as recorded lectures are used for training employees in corporates. Lecture capture systems may also lower the overall training cost incurred by organizations, as a single recorded lecture can be used to train multiple employees.

North America is expected to hold the largest market share in the lecture capture systems market during the forecast period, as the modernization of the Audio Visual (AV) industry and the convergence of Information Technology (IT) in the education system have significantly improved the student learning experience. This will indirectly increase the demand for lecture capture solutions in universities and schools. The Asia-Pacific (APAC) region is expected to grow at the highest rate, as the rise in online education, growth in distance learning courses, and increasing government initiatives for digital education have fueled the growth of the market in APAC.

Innovative technological developments are benefiting all stakeholders of the lecture capture systems market. However, regulations and policies may hamper business-critical functions in the market.

The major vendors in the lecture capture systems market are Kaltura, Inc. (US), Echo360, Inc. (US), Panopto (US), Sonic Foundry, Inc. (US), VBrick (US), YuJa Corporation (US), McGraw-Hill Education, Inc. (US), Crestron Electronics, Inc. (US), VIDIZMO LLC (US), UbiCast (France), Telestream, LLC (US), Qumu (US), TechSmith Corporation (US), Cattura Video (US), ShareStream LLC (US), Polycom, Inc. (US), Cisco Systems, Inc. (US), TELTEK Video Research (Spain), Epiphan Systems, Inc. (Canada), PowerCreator Info & Tech Co., Ltd. (China), Winnov, Inc. (US), Lumens Digital Optics, Inc. (Taiwan), Matrox (Canada), and HABOOK Information Technology, Inc. (Taiwan).

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