|By PR Newswire||
|September 4, 2014 11:30 AM EDT||
MOUNTAIN VIEW, Calif., Sept. 4, 2014 /PRNewswire/ -- Modern lecture capture solutions (LCS) with rich recording, composition, playback and search features are transforming the global teaching and learning landscape. Equipped with products ranging from sophisticated whole-room systems to desktop-based utilities, LCS vendors are poised to enter practically every educational institution. Lured by the favorable outlook, new local LCS vendors, as well as established computing equipment and enterprise video technology firms, are foraying into the market.
A recent analysis from Frost & Sullivan, Analysis of the Global Lecture Capture Solutions (LCS) Market, finds that the market earned revenues of $162.0 million in 2013 and estimates this to reach $592.2 million in 2019 at a compound annual growth rate of 24.1 percent. The study covers LCS hardware, software and software as a service segments.
For complimentary access to more information on this research, please visit: http://bit.ly/1qqTkJn
"The global demand for LCS is on the rise, with colleges and schools alike recognizing that digital learning is a must-have feature for modern education," said Frost & Sullivan Digital Media Industry Manager Avni Rambhia. "Once the value of anytime/anywhere learning becomes clear, and massive open online classrooms (MOOC) and inverted classrooms gain favor among educators, LCS will become an indispensable tool for the education industry."
Despite the compelling value proposition of LCS, market penetration experienced a low due to the limited sales capacity of vendors and concerns surrounding scalability and value among customers. Adoption rates are now accelerating in the flagship North American market, as well as the global market, with vendors broadening their product portfolios and boosting sales and distribution capacities through acquisitions and expansions.
Similarly, challenges such as low awareness among educators, limited teacher training, complex purchasing processes, particularly in the K-12 segment, as well as budget restraints that were lengthening the sales cycles and curtailing investments in LCS, have been easing. Market dynamics have improved with the emergence of cloud-based solutions and desktop-based clients, in addition to the realization within the education sector that state-of-the-art learning experiences are vital to remain competitive.
"Training educators on the effective use of new LCS, as well as capitalizing on the savvy video skills and enthusiasm of the millennial generation to consume videos at anytime and anywhere, will be important for continued growth," stated Rambhia. "Entering global distributor and system integration partnerships will also help participants target the largely-untapped North American market and emerging opportunities in other regions."
Analysis of the Global Lecture Capture Solutions (LCS) Market is part of the Digital Media (http://www.digitalmedia.frost.com) Growth Partnership Service program. Frost & Sullivan's related studies include: Global Big Data Analytics Market, Analysis of the Global Online Video Platforms Market, The Global Embedded Computing Ecosystem Market, and Global Media and Entertainment Solutions for the Cloud. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Analysis of the Global Lecture Capture Solutions (LCS) Market
Corporate Communications – North America
E: [email protected]
SOURCE Frost & Sullivan
Feb. 9, 2016 04:00 PM EST Reads: 186
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 9, 2016 04:00 PM EST Reads: 218
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 9, 2016 04:00 PM EST Reads: 585
Feb. 9, 2016 03:45 PM EST Reads: 131
Feb. 9, 2016 03:15 PM EST
Feb. 9, 2016 03:00 PM EST Reads: 181
Feb. 9, 2016 03:00 PM EST Reads: 350
Feb. 9, 2016 03:00 PM EST Reads: 162
Feb. 9, 2016 03:00 PM EST Reads: 293
Feb. 9, 2016 03:00 PM EST Reads: 226
Feb. 9, 2016 02:45 PM EST Reads: 187
Feb. 9, 2016 02:45 PM EST
Feb. 9, 2016 02:15 PM EST Reads: 388
Feb. 9, 2016 02:00 PM EST Reads: 254
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 9, 2016 01:15 PM EST Reads: 368