The K-12 testing and assessment market share is expected to increase by USD 8.24 Billion from 2023 to 2030, and the market’s growth momentum will accelerate at a CAGR of 10.19
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global K-12 Testing and Assessment Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide K-12 Testing and Assessment Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. With AI and automation gaining ground in the educational environment, the size of the worldwide K–12 testing and assessment industry will grow. In order to quantify student understanding, represent real-world conditions, and reflect classroom learning, educators are likely to place a high priority on assessment.
K-12 evaluations can be delivered in countries thanks to technological advancements and strict accountability regulations. For instance, throughout the course of the school year, midterm exams triggered a change in curricular plan. In the meanwhile, formative assessment has given teachers and students useful feedback and a framework to direct their learning. Educational researchers will be compelled to give interpretative and analytical abilities the top priority in their study as a result of the demand for critical thinking. Some of these characteristics, such as foresight and curiosity, will entice students to spend money on critical thinking courses.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the K-12 Testing and Assessment Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as K-12 Testing and Assessment Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries.The K–12 testing and assessment market is segmented based on the product into tests that are curriculum-related and tests that are not.
Due to a rise in partnerships between educational institutions and the major player to offer children technologically cutting-edge methods of instruction, testing, and assessment, curriculum-based testing now accounts for a sizeable portion of the K–12 testing and assessment industry.This is separated into three categories, depending on the method: mixed, online, and traditional.
Due to its accessibility from anywhere and during flexible hours, the online method currently commands the largest market share in the K–12 testing and assessment sector.Both students and teachers love it since it is an active and engaging teaching style. Due to the identical functionality and allotted time for learning, testing, and assessment, the blended method has a modest market share. A modest portion of the mark is also held by the conventional approach to education.
Based on types, the K-12 Testing and Assessment Market is segmented into:
- Curriculum-Based Testing
- Non-Curriculum-Based Testing
Based on application, the K-12 Testing and Assessment Market is segmented into:
- Pre-primary School
- Primary School
- Middle School
- High School
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Recent Development
On September 8, 2016, the philanthropic organization set up by the founder of Facebook, Mark Zuckerberg, and his partner, Priscilla Chan, made its first investment in an Indian start-up by leading a $50 million round of investing in the Think and Learn Pvt Ltd. educational technology business further aiding their global expansion.
The collaboration between Instructure and Unizin is extended till May 5, 2020. Canvas continues to serve as the main learning management platform for the latter organization. As a result, the former business will be better able to assist the latter business and continuously boost its earnings.
Regional Analysis
Due to its technologically sophisticated infrastructure and the biggest proportion of internet users in relation to its population, North America controls the majority of the K–12 testing and assessment business. According to The Mobile Economy 2020 by GSMA, 91% of the region’s population is expected to have a smartphone by the year 2020. Additionally, by 2023, it is predicted that 92% of the region’s population will be online, according to the CISCO Annual Internet Report, 2018 . According to the survey, 75% of the gadgets in the area will be wired or wirelessly connected to a network, with the remainder devices being mobile-connected. As a result, the region’s expansion has been supported by the great number of resources that are available there.
Regional K-12 Testing and Assessment Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
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- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in K-12 Testing and Assessment Market include:
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- K-12 Testing and Assessment Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization: This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
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Key Market Participants in the K-12 Testing and Assessment Market :
CogniFit, Edutech, ETS, MeritTrac, Pearson Education, Scantron, CORE Education and Consulting Solutions
Recent Development
On September 8, 2016, the philanthropic organization set up by the founder of Facebook, Mark Zuckerberg, and his partner, Priscilla Chan, made its first investment in an Indian start-up by leading a $50 million round of investing in the Think and Learn Pvt Ltd. educational technology business further aiding their global expansion.
The collaboration between Instructure and Unizin is extended till May 5, 2020. Canvas continues to serve as the main learning management platform for the latter organization. As a result, the former business will be better able to assist the latter business and continuously boost its earnings.
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