English Proficiency Test Market SWOT Analysis by Key Players: Berlitz Corporation, McGraw-Hill Education, Pearson ELT

A latest study released by Advance Market Analytics on Global English Proficiency Test Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Global English Proficiency Test market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are Berlitz Corporation (United States), McGraw-Hill Education (United States), Pearson ELT (United Kingdom), SANAKO (Finland), Duolingo (United States), Inlingua International Ltd. (Switzerland), Rosetta Stone Ltd. (United States) and Voxy (United States).

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The English proficiency test is the examination given after the improved and better understanding of the English language including reading and writing. English is considered as a Foreign Language IELTS and TOEFL is probably considered the best-known and most commonly used English proficiency test. Out of which IELTS is highly recognized by American universities. The market is expecting slow growth with the prevailing economic conditions, but the market is still driven by the student who wants to study abroad.

Market Trend
o Increasing Consumption of Online Platform for English Proficiency Test
o More Number of Students are Enrolling for IELTS English Proficiency Test

Market Drivers
o Growing Number of People who Wants to Study in Foreign Countries
o Increasing Demand for Proficiency Test for Academic Studies

Opportunities
o Rising Scholarship Programs Worldwide
o Demand from the Developing Countries

Restraints
o Major Hindrance to the English Proficiency Test Market Due to the Prevailing Regulatory Standards in the Prevailing Economic Situation

Challenges
o Difficulty Level of English Proficiency Test is High
o High Cost of Investment in the Language Proficiency Institutes for the Required Knowledge for English Proficiency Test

1. Steady growth, expanding margins

Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year's points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.

2. Industry growth prospects and market share

According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Application (Graduates/ Undergraduates, Employers, Others), Test (IELTS, TOEFL, CAE, CPE, Others), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global English Proficiency Test market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry's projected growth.

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3. Ambitious growth plans & rising competition?

Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Berlitz Corporation (United States), McGraw-Hill Education (United States), Pearson ELT (United Kingdom), SANAKO (Finland), Duolingo (United States), Inlingua International Ltd. (Switzerland), Rosetta Stone Ltd. (United States) and Voxy (United States).

4. Where the Industry is today

Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/reports/130139-global-english-proficiency-test-market

Key Insights that Study is going to provide:

o Revenue splits by most promising business segments.
o Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
o Market Share & Sales Revenue by Key Players & Emerging Regional Players.
o A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
o Patent Analysis** No of patents / Trademark filed in recent years.
o Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.

** May vary depending upon availability and feasibility of data with respect to Industry targeted

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