MOUNTAIN VIEW, Calif., Aug. 21, 2012 /PRNewswire/ -- Based on its recent analysis of the lecture capture solutions market, Frost & Sullivan recognizes Sonic Foundry with the 2012 Global Frost & Sullivan Award for Market Share Leadership. For six consecutive years, the company has remained the market share leader and continues to consistently enhance the features and functionality of its flagship solution, Mediasite.
In 2011, the lecture capture market measured nearly $70 million in revenue. By 2016, Frost & Sullivan anticipates the total market to more than double, growing at a compound annual growth rate in excess of 20 percent. Heightened deployments are expected over the next five years in Europe, the Middle East, and Africa as well as Asia Pacific, despite the current downturn. Additionally, the North America and Latin America market will continue to observe year-on-year increases in penetration of lecture capture solution deployments.
Sonic Foundry leads the market with product revenue comprising more than 17 percent of total lecture capture market revenue. No competitor (even pure-play academic) has been able to unseat Sonic Foundry, mainly due to its trusted high-performance solutions, worldwide brand visibility resulting from extensive channel partnerships, and deep customer satisfaction and loyalty. Currently, more than 1,000 academic institutions worldwide have deployed Mediasite to enhance on-campus, blended and distance learning initiatives.
Each year, Sonic Foundry has successfully expanded its install base of universities, community colleges, and technical institutions globally. The company leverages an extensive network of regional channel partners combined with direct sales to achieve penetration into emerging markets. This heightened brand visibility has enabled it to remain the go-to vendor for institutions worldwide.Mediasite provides seamless, automated capture, distribution and management of lectures, presentations and campus events. First, Mediasite Recorders automatically capture high-definition video with high-resolution presentation materials from laptops, tablets, document cameras or whiteboards, and then webcast these rich, immersive presentations live or on-demand to any computer or mobile device. In addition, Mediasite Recorders provide live streaming, which has increasingly been leveraged for webcasts of commencements, guest speakers, and sporting events.