Global Lecture Capture Systems Market to Reach $29.89 Billion by 2027, Fueled by the Surge in Online Education

The Business Research Company’s Lecture Capture Systems Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

LONDON, GREATER LONDON, UK, November 17, 2023 /EINPresswire.com/ — The global lecture capture systems market, valued at $7.18 billion in 2022, is anticipated to grow substantially, reaching $9.51 billion in 2023, with a remarkable compound annual growth rate (CAGR) of 32.5%. Despite the challenges posed by the Russia-Ukraine conflict and the persisting effects of the COVID-19 pandemic, the market is expected to witness robust expansion, attaining a valuation of $29.89 billion by 2027. This growth is primarily attributed to the escalating prominence of online education and e-learning platforms, which have significantly contributed to the increasing demand for advanced lecture capture systems globally.

Surge in Online Education Drives Market Growth

Online education, which encompasses a diverse range of learning methodologies facilitated through the internet, has become increasingly prevalent, with students leveraging a variety of online learning platforms and tools to access educational content remotely. This surge in online education, including computer-based training, web-based training, and e-learning, has been instrumental in propelling the demand for lecture capture systems. Notably, major online learning platforms such as LinkedIn Learning (Lynda), Udemy, Coursera, and Skillshare have witnessed substantial traction, with approximately 40% of Fortune 500 organizations utilizing online learning to train their employees. Moreover, the United States alone accounts for more than 31% of the total global mobile learning spending. This remarkable growth in online education has significantly contributed to the expansion of the lecture capture systems market.

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Key Players and Technological Advancements

Prominent companies such as Kaltura Inc. and Echo360 Inc. are at the forefront of the lecture capture systems market, focusing on innovative technological advancements to enhance their offerings. These technological developments include the launch of all-in-one lecture capture and auto-tracking solutions, which facilitate improved data sharing and collaboration in educational and business settings. Leveraging face auto-tracking capabilities, these solutions are designed to provide a high-quality, multi-source experience, integrating auto-tracking server packages with lecture capture material and video management systems.

Segments:

• Service Type: Professional Services, Integration and Maintenance Services, Training Services
• Deployment Model: On-premises, Cloud
• Solution: Hardware, Software
• User: Educational Institutions, K-12, Higher Education, Corporate

Geographical Insights: North America Leads Market, with Robust Growth Expected in Asia-Pacific

North America dominated the lecture capture systems market in 2022, with Asia-Pacific poised to witness rapid growth during the forecast period. For a comprehensive understanding of regional dynamics, market trends, and growth opportunities, access the complete report.

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Lecture Capture Systems Global Market Report 2023 from TBRC covers the following information:

• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.

The Lecture Capture Systems Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on lecture capture software market size, lecture capture technology market drivers and trends, lecture capture systems market major players, lecture capture systems market competitors’ revenues, lecture capture systems market positioning, and market growth across geographies. The lecture capture systems market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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