The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Smart Lecture Capture System Market Share. The growth sectors of the Smart Lecture Capture System Market Share are identified with precision for a better growth perspective.
The smart lecture capture system market is projected to register a stellar CAGR of 26% over the forecast period of 2017-2023, according the report published by Market Research Future (MRFR). Rapid evolution of technology has impacted the education sector, and the way knowledge is imparted. Education institutions have started deploying the latest technologies for providing better value to students and smart lecture capture system, enabling slicing and dicing of archived lecture recordings for later review. The smart lecture capture system market is witnessing a wide scope of adoption among the higher education institutes that is the primary driver of the market. Various tertiary institutions, schools, and workforce training institutions are also integrating smart lecture capture system in an effort for improving the education system that is devoid of the limitations of time and place.
The popularity and emergence of e-learning and distance education play a significant problem. Smart learning capture addresses this problem and records lectures for a future reference at lower cost. The advent of the cloud has been vital in shaping the ascension of the global smart lecture capture system. With cloud computing, lectures are recorded and saved in databases. Upscaling collaboration between hardware vendors and educational content providers plays a major role in the growth of the market. An upsurge noted in the demand by corporations for the training of employees and the penetrations of handheld devices are other driving factors. Government initiatives for modernizing the education sector are also supplementing the growth of the global smart lecture capture systems.
The global smart lecture capturing system market is studied for various segments that are based on component, deployment, service type, end-users, and region. Based on components, the global smart lecture capture system market is segmented into hardware and software. Based on deployment, the global smart lecture capture system is segmented into on-premise and on-cloud. Based on service type, the global smart lecture capture system market is segmented into maintenance, training, and professional. Based on end-users, the global smart lecture capture system market is segmented into educational institutes, corporate, and others.
Detailed Regional Analysis
The global smart lecture capture market is studied for a regional segmentation that includes the regions of North America, Europe, Asia Pacific, and the Rest of the World. North America, among these regional segments is anticipated to lead the global smart lecture capture system market over the forecast period. This can be owed to the increasing connectivity of handheld devices. Further, upscaling technological advancements and rising early adoption of latest technologies by many end-users residing in the region is also contributing to the ascension of the regional smart lecture capture system market. Moreover, presence of adequate educational infrastructure such as laptops, ebooks, etc. is some of the other factors providing momentum to the growth of the global smart lecture capture system market.
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