Lecture Capture Market Growth, Trends, Product, Forecast Research, 2024: Global Market Insights, Inc. The lecture capture market is characterized by the presence of hardware and software components. Hardware components include cameras, microphones, recording system, and learning management systems. The hardware segment is anticipated to grow owing to the high usage of tablets and smartphones among students and enterprise workforce. The software segment is projected to show a significant market growth during the forecast period as the purchase of hardware is a one-time fixed investment, but software needs the upgrading and maintenance. The software market is driven by the increase in online courses & schools and unparallel growth of distance learning courses across the major universities. Lecture Capture Market size is anticipated to grow due to the increasing adoption of e-learning activities. These activities appeal to a broad set of audience as online learners engage in interactive and entertaining e-learning activities when it fits into their schedules. Students are accessing video streaming websites for learning due to the increased internet speed over the past few years. Moreover, visually appealing elearning infographics, e-learning scenarios & simulations, group collaboration elearning projects, and large amounts of data available for each stream of education are driving the adoption of e-learning activities, propelling the growth of the lecture capture market.
High penetration of portable devices across the world is one of the major factors driving the lecture capture market. Many coaching institutes and distance learning colleges, among other educational institutions, are using these systems to increase their reach toward the customers. Coaching institutes and distance learning colleges offer demo lecture videos for free, resulting in the increase in the demand for these solutions. Most of the students are increasingly adopting these solutions owing to the convenience and availability of smart devices to access videos anytime and anywhere. The issues regarding the storage of data will hinder the lecture capture market growth. High-capacity storage is required for these systems as these generate a large amount of data on a daily basis. This becomes a challenge for entry-level companies as the fixed cost increases. Furthermore, buying high-capacity storage for the data is an expensive alternative. Growing adoption of cloud-based systems will help the companies tackle the data storage and costs issues. For instance, Echo360 has launched cloud-based systems, which are faster, better, and 89% cheaper. One of the major challenges in the adoption of these systems is the increasing instances of the misuse of these systems. Many universities allow students to use 1|Page