The analysts forecast global lecture capture solutions market to grow at a CAGR of 21.77% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global lecture capture solutions market for 2016-2020. To calculate the market size, it considers the revenue generated by vendors through the sales of lecture capture solutions and related services for a fee or license. While calculating the revenue generated in the market, the following products were considered: Software and Hardware.
The following companies are the key players in the global lecture capture solutions market: Ech360, Panopto, Sonic Foundry, and Tegrity.
Other prominent vendors in the market are: Accordent Technologies, Cisco Systems, Creston Electronics, Dell, Kaltura, MediaCore, OpenEye, Qumu, TechSmith, Telestream, and VBrick Systems.
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According to the lecture capture solutions market report a key growth driver is the intensified demand for distance education. Distance learning offers opportunities for learning to people worldwide, especially those who find it difficult to attend universities because of financial, geographical, or time constraints. Many students prefer distance education courses to traditional education due to the low-cost incurred in traditional education. The distance education also gives students flexibility while learning as they are less bound by time and location.
The global lecture capture solutions market analyst said one trend that is having a positive impact on growth is the development in IT infrastructure for education. Over the past few years, various economies have spent heavily on the development of education infrastructure by implementing IT in the education system. Economically developed countries in North America and Europe proactively adopt these facilities because of government initiatives that promote the benefits of digital content in the education system.
Developing countries in APAC and ROW are integrating IT into the education sector by enabling various modern teaching methods. Vendors of lecture capture solutions such as Panopto and Sonic Foundry get acquainted with schools and other institutions to provide devices and software appropriate to institutions' needs. This is to improve interactive training and enhance learning efficiency.
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Global Lecture Capture Solutions Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Lecture capture solutions refer to technologies that capture, create, manage, broadcast, and archive lectures. These technologies record the presenter's content, synchronize it with a visual aid, and either stream the content live or archive it for future on-demand viewing on a computer or mobile device. In addition to these features, interactivity and the technology's ability to add colors any presentation content with the trainer's audio and video facilitates its use in the academic, corporate, government, healthcare, and education sectors.
Further, the report states that one challenge that could hamper market growth is the lack or limited availability of IT infrastructure.
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