Report : Europe 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 31.7% CAGR, the Europe Lecture Capture System Market is speculated to be worth US$ 10,738.04 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe lecture capture system market was valued at US$ 2,054.69 million in 2022 and is expected to reach US$ 10,738.04 million by 2028, registering a CAGR of 31.7% from 2022 to 2028. Development of smart IT infrastructures in education sector and high popularity of distance learning are the critical factors attributed to the Europe lecture capture system market expansion.
Government bodies across the region are making significant investments and allocating budgets to boost the development of a smart infrastructure within the education sector. Technology giants are introducing innovative and automated modules to make schools, colleges, and institutes technologically smart. Smart city initiatives are further strengthening the demand for smart IT infrastructures in universities and community colleges across the region. Smart IT infrastructures in education and learning promote the bring-your-own-devices model, wherein students can use personal devices to access the content delivered by their teachers or instructors, either individually or in a peer-to-peer setting. Thus, the rise of a smart IT infrastructure in the education sector is likely to produce opportunities for the players in the Europe lecture capture system market.
On the contrary, bandwidth and streaming issues hurdles the growth of Europe lecture capture system market.
Based on component, the Europe lecture capture system market is segmented into hardware, software, and services. The hardware segment held 63.3% market share in 2022, amassing US$ 1,299.95 million. It is projected to garner US$ 6,656.50 million by 2028 to expand at 31.3% 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 Europe lecture capture system market is bifurcated into educational institutions and corporates. The educational institutions segment held 78.9% market share in 2022, amassing US$ 1,620.46 million. It is projected to garner US$ 8,352.70 million by 2028 to expand at 31.4% CAGR during 2022–2028.
Based on country, the Europe lecture capture system market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 34.3% market share in 2022. It was assessed at US$ 704.55 million in 2022 and is likely to hit US$ 3,888.24 million by 2028, exhibiting a CAGR of 32.9% during the forecast period.
Key players dominating the Europe lecture capture system market are Cisco Systems, Inc.; Echo360; Epiphan Systems Inc.; Haivision Systems Inc; Kaltura, Inc.; Legrand AV Inc.; Panasonic Holdings Corporation; TechSmith Corporation; and YuJa Inc. among others.
- In 2022, Epiphan Video, a video capture, streaming, and recording solutions company, added H.265/HEVC encoding to its Pearl Nano video encoder, along with the option to upgrade the device with 4K streaming and recording.
- In 2021, Cisco Systems, Inc. announced a suite of new Webex features including background noise suppression and the addition of polls and quizzes to make meetings more interactive.
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