The global higher education testing and assessment market was valued at USD 14 billion in 2016 and is expected to surpass USD 17 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global higher education testing and assessment market, under its K12 and Higher education portfolio. This market analysis discusses the major drivers and key emerging trends and offers a competitive analysis of key vendors like Edutech, IOTA360, Pearson Education, and Scantron.
According to Jhansi Mary, a lead analyst for K12 and Higher education research at Technavio, “Growing focus on competency-based education (CBE) is driving growth in the market. CBE reverses the entire process and focuses on the learning outcome, where the learning hours are not fixed. Through a combination of learning technologies and learning models, this methodology allows students to learn and understand concepts in a personalized learning environment.”
The competency-based degree also allows students to understand and learn concepts that are based on experiential learning at different learning rates. Online CBE creates a source for all learning materials, which can be tagged and mapped as per the learner’s convenience. It provides equal learning opportunities to every learner, irrespective of financial and geographic constraints.
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Cloud-based assessment service platforms
The educational institutions are opting for cloud-based software for installing online exam software. The cloud version of the software gives users multiple benefits regarding accessibility as well as operational benefits. Cloud computing software helps users to reduce IT overhead expenses by offering expandable, on demand services and tools.
Analytical applications
The online exam software provided by the vendors deploy analytical features. The analytic function helps instructors to gain a thorough understanding of individual students through the reports produced by the software under various metrics. Based on this analysis, teachers can design the course plan and teach instructions accordingly.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geographical segmentations. A competitive analysis of the key vendors, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Higher Education Testing And Assessment Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global K-12 Testing and Assessment Market 2016-2020
- School Assessment Tools Market in Europe 2016-2020
- School Assessment Tools Market in APAC 2016-2020
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