Lecture Capture Systems - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Lecture Capture Systems Market size is estimated at USD 10.62 billion in 2024, and is expected to reach USD 37.31 billion by 2029, growing at a CAGR of 28.57% during the forecast period (2024-2029).

Lecture capture systems (LCS) are witnessing increasing implementation across the education landscape to supplement learning needs. With multiple ways to access content, students are at an advantage in learning, studying, and catching up on any missed classes.

Key Highlights

• LCS enhances and extends the value of course lectures by creating material for future online or blended classes. This offers new ways for students to engage and facilitates access to repeated viewing of content for better understanding.
• Rising technological changes are a critical factor accelerating market growth, as is rising demand for distance education and government initiatives, increased penetration of handheld devices, rising demand by corporations for employee training, increased penetration of portable devices around the globe, and rising adequate infrastructure and various gadgets such as e-books, readers, and laptops, among others.
• Furthermore, rising technical improvements and modernization in the education system, expanding R&D efforts, and rising demand from emerging nations would generate new possibilities for the smart lecture capture market throughout the projected period.
• In April 2023, NewTek, one of the leaders in IP-based video technology and part of the Vizrt Group, announced a new technical partnership with the leading video management system provider, Panopto, regarding NewTek’s CaptureCast.
• However, growing regulations and policies, and increasing storage concerns, are among the primary factors restraining market growth and would further challenge the smart lecture capture market.
• The outbreak of COVID-19 has had a positive impact on the LCS market as the restrictions on the movement of people during the pandemic have resulted in many educational institutions and corporates resorting to virtual classes more.
• Post-COVID-19 pandemic, the market is growing rapidly with increased demand for distance education. Many higher education institutions gradually embrace education technology to help create a collaborative and inclusive educational environment.

Lecture Capture Systems Market Trends

Software is Expected to Hold a Significant Share

• Lecture capture software helps to record video presentations, manage video files, and stream video content to any device. Lecture capture software is worth considering if the lecture consists primarily of presentation slides or recording podcasts.
• The demand for the software segment is increasing due to its functionalities and easy availability. The software segment is driven by students' growing demand for video lecture solutions, the rise in online courses, and the growth in distance learning courses across universities in various countries.
• Because individuals spent more time at home than ever during the epidemic, digital learning became an indispensable educational resource. The epidemic transformed the traditional chalk-talk teaching method into a technology-driven substitute. The market has seen an exponential increase in individuals attending virtual classes.
• Lecture capture software is widely considered if a significant portion of the lecture consists of presentation slides or recording podcasts. Factors driving the demand for the software segment include their functionalities and easy availability. Various surveys have highlighted students' rising interest in using an online medium for learning purposes.
• Many coaching institutes and universities, among other educational institutions, use these systems to increase their reach toward students. According to Stack Overflow, a report published in July 2022, around seven out of ten software developers learned coding by accessing online resources such as videos and blogs, which provides an opportunity to grow the lecture capture market.
• According to Eurostat, in the past three years, the percentage of internet users in the European Union who engage in online learning activities has increased by 2.5%. As a result, the rate of involvement in online learning activities in the European Union reached a peak of 29.33% in 2022. Notably, the proportion of people who engage in online learning activities has steadily increased in recent years.

North America is Expected to Register the Largest Market

• The North American region holds the largest market size. It dominates the lecture capture systems market, owing to the growth in technological progression within the educational sector, such as the convergence of the Audio Visual (AV) and Information Technology (IT) industries. Many companies are working to make educational facilities interactive and easier to understand, contributing to the growth of lecture capture systems.
• The gradual technological progression in the regional education system is expected to significantly improve the student learning experience, thereby driving the demand for lecture capture solutions in universities and schools. A few other factors, such as the growth in distance learning courses, the rise in online education, and increasing government initiatives for digital education, have augmented the market growth in the region.
• With government assistance, organizations concentrating on modern learning are driving market development. Canadians for 21st Century Learning and Innovation (C21 Canada) is a nationwide, non-profit organization that promotes 21st-century learning methods in education. It is responsible for projects to develop a vision and framework for 21st-century learning that inspires Canadians.

Lecture Capture Systems Industry Overview

The lecture capture systems market is highly fragmented, with major players like Panopto Inc., YuJa Corporation, TechSmith Corporation, Echo360 Inc., and Cisco Systems Inc., among others. Players in the market are adopting strategies such as partnerships, investments, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

• November 2023 - Heartland Community College Adopts YuJa Verity Test Proctoring Platform to Safeguard the Integrity of Assessments. YuJa Verity allows instructors to create and administer proctored assessments to students, safeguarding the integrity of assessments with robust features that prevent cheating. Automated and live online proctoring features integrate directly with Canvas, including for proctoring Canvas New Quizzes. YuJa Verity also enables AI-enhanced facial recognition for identification verification, a browser-based Lockdown App, and the ability to proctor students who are not enrolled in the institution’s LMS, such as for placement tests.
• November 2023 - Panopto, one of the leading global provider of video management solutions for workforce training and higher education, announced the expanded support for accessible learning globally with the addition of Welsh ASR, OCR, and AI-keyword search support to its portfolio of more than 20 languages.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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