Report : Asia Pacific Lecture Capture System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component (Hardware, Software, and Services) and End User (Educational Institutions and Corporates)
At 34.2% CAGR, the Asia Pacific Lecture Capture System Market is speculated to be worth US$ 9,543.69 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Asia Pacific lecture capture system market was valued at US$ 1,631.82 million in 2022 and is expected to reach US$ 9,543.69 million by 2028, registering a CAGR of 34.2% from 2022 to 2028. Growing adoption of learning management systems and government initiatives for promoting digital education are the critical factors attributed to the Asia Pacific lecture capture system market expansion.
A learning management system (LMS) is a software application (App) used to implement and assess the learning process. LMS helps students and faculties save up to 45% of organizations’ time compared to the time spent in classroom learning. Using LMS allows learners to prioritize their workload and students to incorporate learning into their schedule, enabling convenience and flexibility in terms of space and time. Other benefits promoting the adoption of LMS in schools and universities include high-quality audiovisual presentations and infographics, options to repeat the lectures, and adjustment of the learning speed of courses. LMS also features video lecture management and video lecture recording abilities. Users can split the large topics into multiple videos and organize their videos topic-wise. LMS also offers a feature to capture the lecture capture link from the subject navigation menu. The in-built Lecture Capture link in the subject menu directs users toward all current subject recordings. Further, users can configure the link to direct it to the desired lecture capture destination in an LMS community or group. Such factors are propelling the use of LMS in e-learning and distance education models, which is, in turn, bolstering the Asia Pacific lecture capture system market growth.
On the contrary, bandwidth and streaming issues hurdles the growth of Asia Pacific lecture capture system market.
Based on component, the Asia Pacific lecture capture system market is segmented into hardware, software, and services. The hardware segment held 65.6% market share in 2022, amassing US$ 1,069.83 million. It is projected to garner US$ 6,165.49 million by 2028 to expand at 33.9% CAGR during 2022–2028. The software segment is further divided into on premise and cloud. Similarly, the services segment is further bifurcated into integration and maintenance services and training services.
Based on end user, the Asia Pacific lecture capture system market is bifurcated into educational institutions and corporates. The educational institutions segment held 81.9% market share in 2022, amassing US$ 1,336.80 million. It is projected to garner US$ 7,707.66 million by 2028 to expand at 33.9% CAGR during 2022–2028.
Based on country, the Asia Pacific lecture capture system market has been categorized into China, India, Japan, South Korea, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 30.4% market share in 2022. It was assessed at US$ 495.53 million in 2022 and is likely to hit US$ 2,727.59 million by 2028, exhibiting a CAGR of 32.9% during the forecast period.
Key players dominating the Asia Pacific lecture capture system market are Cisco Systems, Inc.; Echo360; Epiphan Systems Inc.; Haivision Systems Inc; Kaltura, Inc.; Legrand AV Inc.; Panasonic Holdings Corporation; and TechSmith Corporation among others.
Contact Us
Contact Person: Sameer Joshi
Phone: +1- 646- 491- 9876
Email id: sam@businessmarketinsights.com