The global K-12 testing and assessment market is forecast to grow at a CAGR of 5.51% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: Rising penetration of cloud computing will be a key trend for market growth. Educational institutions are opting for cloud-based software to deploy online assessment software. The cloud version of the software gives users multiple benefits in terms of accessibility as well as operational benefits.
Schools have started using cloud services such as software as a service, storage, and computing providers for backup. With digitization, the faculty is pressurized to evaluate the students' performances on various metrics.
According to the report, rise in number of international schools will be a key driver for market growth. The International School Assessment (ISA) assessment test is designed for K-12 students in all international schools across the world. The test is based on the internationally endorsed reading, mathematical literacy, and scientific literacy. During the academic year 2015-2016, over 76,000 students from 355 international schools across the world took the test.
These tests were conducted by online service providers. Rise in the number of such tests and an increase in the number of students enrolling for these tests are helping testing and assessment vendors generate large amounts of revenues. This is eventually driving the growth of the market.
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Pearson Education
- CORE Education and Consulting Solutions
- GL Assessment
- ProProfs Quiz Maker
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Market segmentation by products
PART 12: Geographical segmentation
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Other prominent vendors
PART 16: Appendix
PART 17: About the Author
For more information about this report visit http://www.researchandmarkets.com/research/8spfpl/global_k12
Related Topics: Education
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SOURCE Research and Markets