In this report, Technavio covers the present scenario and growth prospects of the global lecture capture solutions market for 2016-2020. To calculate the market size, this report considers revenues generated by vendors through the sales of lecture capture solutions and related services for a fee or license.
“Cloud services are resources that are made available on demand via the internet. Cloud-based services involve a one-time, up-front capital investment which eliminates other costs associated with service deployment, such as server administration, software maintenance, and support. These are one of the most preferred services and are widely used by online education providers,” said Jhansi Mary, one of Technavio’s lead industry analysts for education technology.
“Vendors using this platform are responsible for providing the required infrastructure to ensure high performance, reliability, and delivery. Cloud-based solutions not only offer superior storage space but are also capable of capturing lectures remotely and delivering instantly,” added Jhansi.
Geographical segmentation of global lecture capture solutions market
|-- North America||48.70%|
Source: Technavio research
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Lecture capture solutions market in North America: largest region
The lecture capture solutions market in North America was valued at USD 154.2 million in 2015. The lecture capture solutions market in North America is projected to grow at a good rate during the forecast period. The major factor influencing the growth of the market is the surge in digitalization of education and the corporate sector. The corporate sector is using these solutions for live streaming of meetings and training their geographically diversified employees. Increased adoption of e-learning is the major revenue generating factor for lecture capture vendors. All major universities and schools in the US and Canada are providing lecture capture solutions to students so that they can use videos as a reference, as and when required, and this has vastly improved the students’ understanding of topics. These benefits offered by the technology will largely foster its adoption over the next four years.
Lecture capture solutions market in Europe: second-largest region
The lecture capture solutions market in Europe was valued at USD 73.5 million in 2015. The education sector in Europe is observing exponential growth due to education policies implemented by the EU and an ever-increasing number of educational institutions in the region.
Blended learning finds extensive use in universities, and it contributes significantly to the growth of the market in Europe. Following this trend, the University of Leeds has collaborated with Sonic Foundry to install lecture capture on a momentous scale.
Many large organizations in Europe are encouraged by these developments and look keen to deploy cloud-based solutions to address their training needs. It has led to the evolution of a category of a new category of vendors who specialize in developing software for fine recording and delivery of videos.
Lecture capture solutions market in APAC
The lecture capture solutions market in APAC was valued at USD 60.3 million in 2015. Government initiatives in many APAC countries to digitize their education systems by providing digital books and an increase in the number of enrollments for cyber universities are some of the major factors contributing to the growth of the lecture capture solutions market in APAC. It is predicted to grow at an exponential rate during the forecast period.
Browse related reports:
- Lecture Capture Solutions Market - Global Report and Forecast 2015-2019
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- Generic E-learning Courses Market in US 2015-2019
- E-learning Packaged Content Market in the US 2015-2019
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