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Technavio’s market research analyst predicts the global lecture capture solutions market to grow at a CAGR of more than 21% by 2020. One of the primary drivers for this market is the increase in corporate expenditure on training employees. Being one of the major consumer segments of lecture capture technology, the corporate sector is spending hugely on lecture videos and audios, which are conducted to help employees’ potential and productivity. Some of the major services that are in high demand in the lecture capture solutions include video content creation, live streaming, on-demand delivery of video, and services related to developing enterprise portals that offer secure access to lecture videos for the whole enterprise.
An interesting trend gaining momentum in the market is the development of IT infrastructure for education. Several governments across the world are promoting the benefits of digital content and various modern teaching methods in the education system. Factors such as government initiatives in digitizing education and collaboration of vendors with schools and institutions to provide required hardware and software will help students to utilize lecture capture solutions increasingly for educational purposes in the coming years.
The academic sector dominated the lecture capture solutions market in 2015 and occupied more than 71% of the total market share. The majority of students are using lecture capture solutions as a review material for their missed lectures and exam preparations and to complete home assignments. Factors such as the introduction of virtual classrooms and blended learning will contribute to the rapid adoption of lecture capture devices over the next four years.
North America is the largest region in the market and is expected to continue its dominance during the forecast period. The region is projected to occupy more than 44% of the overall market share by 2020, thanks to the surge in the digitalization of the education and corporate sectors. The corporate sector in the region will be the major end-user of lecture capture solutions in the coming years as it is using this technology for the live streaming of meetings and training their geographically diversified employees.
The market is characterized by the presence of diversified international and regional providers. The market is dominated by leading international players who are expanding their presence worldwide, especially in fast-developing countries in APAC, Africa, and Latin America. Competition in this market is expected to intensify with an increase in product/service extensions, technological innovations, and mergers and acquisitions.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Other prominent vendors
PART 16: Key vendor analysis
PART 17: Explore Technavio
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