Higher Education Testing And Assessment Market is estimated to grow by USD 6.48155 billion between 2022 and 2027; Historic Market size from 2017 to 2021 was valued at USD 14937.17 mn- Technavio

NEW YORK, Feb. 27, 2023 /PRNewswire/ -- The higher education testing and assessment market is estimated to grow at a CAGR of 6.32% between 2022 and 2027. The size of the market is forecast to increase by USD 6,481.55 million. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.  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. are among some of the major market participants.

Key Vendor Offerings - 

• 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

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Higher Education Testing and Assessment Market 2023-2027: Scope

The higher education testing and assessment market report covers the following areas:

• Higher Education Testing and Assessment Market Size
• Higher Education Testing and Assessment Market Trends
• Higher Education Testing and Assessment Market Industry Analysis

Higher Education Testing and Assessment Market 2023-2027: Segmentation Analysis 

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by product, end-user, and region. 

• Product 
• Academic
• Non-academic

In the academic segment, tests and assessments in topics like science, technology, engineering, and math (STEM), which are regarded as components of the core curriculum, are included. Traditionally, these exams were frequently administered using pen and paper. The adoption of digital technologies for academic testing and assessment in higher educational institutions has increased. This is primarily because of the development of technologies like learning management systems (LMS) and content management systems (CMS) and the growing demand for cutting-edge personalized technologies like adaptive learning. The rise in the use of smartphones, tablets, and e-libraries by students is another major factor contributing to the increased use of technology in classrooms. Hence, these factors will drive the growth of the segment during the forecast period. 

• Geography  
• North America
• Europe
• APAC
• Middle East And Africa
• South America

During the forecast period, North America is expected to contribute 31% to the development of the global market. Numerous assessment technologies have been implemented by the governments of several North American nations. For instance, the National Assessment of Educational Progress (NAEP) in the US performs an evaluation on a regular basis to gauge the academic progress of students in grades four, eight, and twelve in mathematics, science, US history, and technology. The National Center for Education Statistics (NCES), which reports to the Institute of Education Sciences (IES) of the Department of Education, oversees the NAEP, a required initiative (DoED). The NAEP began providing online tests in a variety of disciplines, including reading, math, and others. For digital assessments tablets, laptops, and computers are used. The assessments use dynamic and innovative technologies that provide an engaging assessment experience to students. Additionally, various strategies are being adopted by the regional players that will propel the growth of the regional market during the forecast period.

• End-user 
• Educational Institutions
• Universities
• Training Organizations
• Others

For additional details on the segment,historic & forecast for 2017 to 2021, 2022 to 2027 - Request the Latest sample report 

Market Dynamics - The transition of educational institutions to formative assessment has been instrumental in driving the growth of the market. This study also identifies the evolving role of educational technologies as one of the prime reasons driving the higher education testing and assessment market growth during the next few years. However, the weak assessment mechanism of online tests might hamper the market growth.

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Higher Education Testing and Assessment Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist higher education testing and assessment market growth during the next five years
• Estimation of the higher education testing and assessment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the higher education testing and assessment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the higher education testing and assessment market, vendors
   

Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global higher education testing and assessment market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global higher education testing and assessment market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Academic - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Academic - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Academic - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Academic - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Academic - Year-over-year growth 2022-2027 (%)

• 6.4 Non-academic - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Non-academic - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Non-academic - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Non-academic - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Non-academic - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Educational institutions - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Educational institutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Educational institutions - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Educational institutions - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Educational institutions - Year-over-year growth 2022-2027 (%)

• 7.4 Universities - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Universities - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Universities - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Universities - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Universities - Year-over-year growth 2022-2027 (%)

• 7.5 Training organizations - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Training organizations - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Training organizations - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Training organizations - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Training organizations - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027 
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027 
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Canada - Market size and forecast 2022-2027 
• Exhibit 101: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027 
• Exhibit 105: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 India - Market size and forecast 2022-2027 
• Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.14 Market opportunity by geography 
• Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 114: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 116: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 117: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 118: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 119: Matrix on vendor position and classification

• 12.3 Apperson Inc.
• Exhibit 120: Apperson Inc. - Overview
• Exhibit 121: Apperson Inc. - Product / Service
• Exhibit 122: Apperson Inc. - Key offerings

• 12.4 Aptech Ltd.
• Exhibit 123: Aptech Ltd. - Overview
• Exhibit 124: Aptech Ltd. - Product / Service
• Exhibit 125: Aptech Ltd. - Key offerings

• 12.5 Educational Testing Service 
• Exhibit 126: Educational Testing Service - Overview
• Exhibit 127: Educational Testing Service - Product / Service
• Exhibit 128: Educational Testing Service - Key offerings

• 12.6 Gradeup Assignment
• Exhibit 129: Gradeup Assignment - Overview
• Exhibit 130: Gradeup Assignment - Product / Service
• Exhibit 131: Gradeup Assignment - Key offerings

• 12.7 Harver B.V.
• Exhibit 132: Harver B.V. - Overview
• Exhibit 133: Harver B.V. - Product / Service
• Exhibit 134: Harver B.V. - Key offerings

• 12.8 LearningRx Inc.
• Exhibit 135: LearningRx Inc. - Overview
• Exhibit 136: LearningRx Inc. - Product / Service
• Exhibit 137: LearningRx Inc. - Key offerings

• 12.9 McGraw Hill Education Inc. 
• Exhibit 138: McGraw Hill Education Inc. - Overview
• Exhibit 139: McGraw Hill Education Inc. - Business segments
• Exhibit 140: McGraw Hill Education Inc. - Key offerings
• Exhibit 141: McGraw Hill Education Inc. - Segment focus

• 12.10 Mercer LLC
• Exhibit 142: Mercer LLC - Overview
• Exhibit 143: Mercer LLC - Product / Service
• Exhibit 144: Mercer LLC - Key offerings

• 12.11 Mindlogicx
• Exhibit 145: Mindlogicx - Overview
• Exhibit 146: Mindlogicx - Product / Service
• Exhibit 147: Mindlogicx - Key offerings

• 12.12 Oxford Learning Centers Inc. 
• Exhibit 148: Oxford Learning Centers Inc. - Overview
• Exhibit 149: Oxford Learning Centers Inc. - Product / Service
• Exhibit 150: Oxford Learning Centers Inc. - Key offerings

• 12.13 Pearson Plc
• Exhibit 151: Pearson Plc - Overview
• Exhibit 152: Pearson Plc - Business segments
• Exhibit 153: Pearson Plc - Key news
• Exhibit 154: Pearson Plc - Key offerings
• Exhibit 155: Pearson Plc - Segment focus

• 12.14 Scantron Inc.
• Exhibit 156: Scantron Inc. - Overview
• Exhibit 157: Scantron Inc. - Product / Service
• Exhibit 158: Scantron Inc. - Key offerings

• 12.15 The Training Box Ltd. 
• Exhibit 159: The Training Box Ltd. - Overview
• Exhibit 160: The Training Box Ltd. - Product / Service
• Exhibit 161: The Training Box Ltd. - Key offerings

• 12.16 Think and Learn Pvt. Ltd. 
• Exhibit 162: Think and Learn Pvt. Ltd. - Overview
• Exhibit 163: Think and Learn Pvt. Ltd. - Product / Service
• Exhibit 164: Think and Learn Pvt. Ltd. - Key offerings

• 12.17 Turning Technologies LLC. 
• Exhibit 165: Turning Technologies LLC. - Overview
• Exhibit 166: Turning Technologies LLC. - Product / Service
• Exhibit 167: Turning Technologies LLC. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 168: Inclusions checklist
• Exhibit 169: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 170: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 171: Research methodology
• Exhibit 172: Validation techniques employed for market sizing
• Exhibit 173: Information sources

• 13.5 List of abbreviations 
• Exhibit 174: List of abbreviations 

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