Online Exam Proctoring Industry worth US$ 1,187.57 Million, Globally, by 2027 at 16.4% CAGR - Exclusive Report by The Insight Partners

"Online Exam Proctoring Industry" study by "The Insight Partners" provides details about the Industry dynamics affecting the Industry, Industry scope, Industry segmentation and overlays shadow upon the leading Industry players highlighting the favorable competitive landscape and trends prevailing over the years.

The online exam proctoring market was valued at US$ 354.37 million in 2019 and is expected to grow at a CAGR of 16.4% during the forecast period of 2020 to 2027 to reach US$ 1,187.57 million by 2027.

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E-learning is used broadly employed in higher education institutions and corporations; it is also progressively being adopted in K-12 institutions. The flexibility and robust functionality of online learning allow users to complete courses efficiently, and stay engaged continuously. With the increase in demand for E-learning, Online proctoring has become a significant solution across all end-user. The e-learning platforms provide flexibility of use, which is adding to the demand for online courses. Organizations, universities, and institutions are offering more online courses to facilitate flexible learning. However, these solutions also confer greater accessibility, and cost-effective and convenient operations. The rise in the number of E-learning administrators integrating online proctoring into their performance assessment processes drives the online exam proctoring market. Online exam proctor keeps an eye on students for doubtful activities during examinations, tests, and so on. It can see and hear the learner through webcam and can monitor the learner's activity on the screen.
Impact of COVID-19 Pandemic on Online Exam Proctoring Market

The COVID-19 pandemic has led to several drastic changes in the education sector due to the imposition of social distancing and lockdown restrictions around the world; a sudden rise in the number of online exams and assessments due to the temporary dismissal of classroom learning at private learning centers and public educational institutions, leading to the adoption of online learning, is boosting the demand for online exam proctoring solutions. Online proctoring cuts costs for organizations by ruling out the necessity of arranging in-person invigilators and test centers, which nullifies huge administrative burden and costs. These solutions are generally more helpful to the organization when trying to run test centers in remote locations.

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AI Based Online Proctoring Solution
Artificial Intelligence (AI)-enabled automated proctoring solution excludes the need to have onsite human proctors/invigilator and confirms that there is no impersonation and/or cheating. Using the webcam, DigiProctor monitors the test takes during the exam and causes warnings if the users display aberrant behavior - this augments academic integrity and minimizes human biases. Various AI technologies are used for online exam proctoring such as pattern recognition, voice recognition, facial recognition, eye movement detection, plane detection, and mouth detection, among others. Several companies are also offering artificial intelligence, machine learning, bio metrics, and Trusted Identity as a Service (TIaaS) based proctoring solution. However, AI based proctoring solution are likely to offer new opportunities for the market.

Type Market Insights
The online exam proctoring market by type has been segmented into advanced automated proctoring, recorded proctoring, and live online proctoring.

Advanced automated proctoring works without manual intervention and is anticipated to surpass live proctoring exams in terms of adoption rate. In advanced automated proctoring, AI algorithms manages all activities during a proctored online exam. This solution increases flexibility and allows the candidates to take the exams at their convenience. Advanced automated proctoring is reasonable and affordable than other types of online proctoring as it eliminates the need for human intervention.

The players operating in the enterprise content management market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

In May 2020, Examity, Inc. recognized as a finalist in EdTech Awards 2020. Examity was named for the most exceptional innovators, trendsetters, and leaders in education technology.

In January 2020, Honorlock, Inc. introduced new AI to detect keywords spoken by students. Honorlock AI analyzes the student's voice in real-time and gives alerts to a live proctor.

Online Exam Proctoring Industry - Company Profiles
• Comprobo
• Examity, Inc.
• Honorlock Inc.
• Inspera AS
• Mettl
• ProctorEdu LLC
• Proctortrack
• ProctorU Inc.
• PSI Services LLC
• Talview Inc.

Key Elements that the report acknowledges:
• Industry size and growth rate during forecast period.
• Key factors driving the "Online Exam Proctoring Industry" Industry.
• Key Industry trends cracking up the growth of the "Online Exam Proctoring Industry" Industry.
• Challenges to Industry growth.
• Key vendors of "Online Exam Proctoring Industry" Industry.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "Online Exam Proctoring "Industry.
• Trending factors influencing the Industry in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the Industry in the five major regions.

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