NEW YORK, June 27, 2022 /PRNewswire/ -- The "K-12 Testing And Assessment Market " report has been added to Technavio's offerings. With ISO 9001:2015 certification, Technavio has been proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the K-12 testing and assessment market size is USD 8.24 billion. The K-12 testing and assessment market report also offers information on several market vendors, including CogniFit Ltd., Educational Testing Service, Edutech, Instructure Inc., MeritTrac Services Pvt Ltd., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Scantron Corp., and Think and Learn Pvt. Ltd. among others. To get the exact yearly growth variance and the Y-O-Y growth rate, Get Sample Report.
The growing use of analytics is one of the main drivers fueling growth in the K-12 testing and assessment market. Due to technology advancements and the growing use of Big Data in the educational sector, the notion of learning analytics is gaining traction in the global K–12 testing and assessment market. Schools can offer a customized kind of learning thanks to the incorporation of learning analytics and adaptive learning in the assessment module. Another element contributing to the increase of the K-12 testing and assessment market share is the growing emphasis on formative learning methods.
However, the credibility issues will be a major challenge for the K-12 testing and assessment market during the forecast period.
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The K-12 testing and assessment market report is segmented by product (curriculum-based testing and Non-curriculum-based testing), geography (North America, Europe, APAC, South America, and MEA), and method (blended method, online method, and traditional method).
By product, the curriculum-based testing segment is expected to have significant market share growth during the forecast period. The K-12 testing and assessment market by the blended method is expected to register rapid growth. Many schools are opting for blended learning solutions owing to the method's growing popularity and benefits, such as cost reduction, and increased efficiency in the evaluation.
North America will be the leading region with 46% of the market's growth during the forecast period. The US and Canada are the key countries for the k-12 testing and assessment market in North America. Market growth in this region will be faster than the growth of the market in Europe, APAC, South America, and MEA.
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K-12 Testing and Assessment Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.19% |
Market growth 2021-2025 |
USD 8.24 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.75 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 46% |
Key consumer countries |
US, China, UK, Germany, and Canada |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
CogniFit Ltd., Educational Testing Service, Edutech, Instructure Inc., MeritTrac Services Pvt Ltd., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Scantron Corp., and Think and Learn Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Method
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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SOURCE Technavio
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