Higher Education Testing and Assessment Market size to grow by USD 6.48 billion from 2022 to 2027, The market is fragmented due to the presence of prominent companies like Apperson Inc., Aptech Ltd. and Coursera Inc., and many more - Technavio

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- The higher education testing and assessment market is estimated to grow by USD 6.48 billion from 2022 to 2027, growing at a CAGR of 6.32%. The higher education testing and assessment market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer higher education testing and assessment market are Apperson Inc., Aptech Ltd., Coursera Inc., Educational Testing Service, Gradeup Assignment, Harver B.V., LearningRx Inc., Mercer LLC, Mindlogicx, Ntalents, Oxford Learning Centers Inc., Pearson Plc, Scantron Inc., The Training Box Ltd., Think and Learn Pvt. Ltd., Turning Technologies LLC., Wheebox, ZandaX, and McGraw Hill Education Inc. The report provides a full list of key companies, their strategies, and the latest developments. Download a Sample before buying

Company Offering:

• Educational Testing Service - The company offers higher education testing and assessment services such as GRE and TOEFL.
• LearningRx Inc. - The company offers higher education testing and assessment services such as the K10 assessment test.
• Mindlogicx - The company offers higher education testing and assessment services such as proctored, online, and paper-pencil testing
• For details on companies and their offerings – Buy the report!

By Geography, the market is classified as North America, Europe, APAC, Middle East and Africa, and South America. 

• North America is projected to contribute 31% by 2027.  Assessment technology has also been used by governments in a number of North American countries. For example, the National Assessment of Educational Progress is conducted annually by NAEP to test student achievement in math, science, US history, and technology for grades 4, 8, and 12. Hence, these factors are expected to drive market growth in the region during the forecast period.

Download a sample report to get more insights on the market share of various regions and the contribution of the segments.

• Impactful driver- Transition of educational institutions to formative assessment
• Key Trend - Evolving role of educational technologies
• Major Challenges -  weak assessment mechanism of online testing

 Market Segmentation

• By Product, the market is classified into academic and non-academic. The market share growth by the academic segment will be significant during the forecast period. The academic segment consists of tests and assessments for subjects as follows: STEM, which is part of the core curriculum. Furthermore, the increasing use of smartphones, tablets, and e-libraries by students is helping to increase technology usage in classrooms. Hence, these factors are expected to drive segment growth during the forecast period.

Technavio Research experts have provided more insights on the market share of segments - View a Sample Report

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

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SOURCE Technavio