The local hard drive space on your computer could be affecting this. Try cleaning up some space on your hard drive and see if you are able to then record to your folder in Panopto.
Common places to clean up include:
- Downloads folder - can this be emptied?
- Pictures or Music folder - anything that can be removed or moved to another storage location in the cloud? (i.e. Google Drive?)
Once you have gone through and deleted items, be sure to empty your Recycle Bin as well.