Online Exam Proctoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring) and End User (Schools & Universities, Enterprises, and Government)

According to our latest study on ""Online Exam Proctoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type and End User," the market was valued at US$ 706.23 million in 2022 and is expected to reach US$ 1,742.95 million by 2028; it is estimated to grow at a CAGR of 16.2% during 2022-2028.

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Cost-Effective Operations of Online Exam Proctoring Fuel Online Exam Proctoring Market Growth
The COVID-19 pandemic has led to several drastic changes in the education sector due to the imposition of social distancing and lockdown restrictions across the world. During the pandemic, a sudden rise in online exams and assessments due to the temporary dismissal of conventional classroom learning at private learning centers and public educational institutions fueled the demand for online exam proctoring. Online proctoring nullifies huge administrative burdens and costs by ruling out the necessity of arranging in-person invigilators and test centers. The solutions by online exam proctoring market players help organizations manage online assessment centers at low cost in remote locations. Moreover, online exam proctoring market players can modify and update their products as per the client's budget requirements. Online exam proctoring price range varies and depends on the type, length, and frequency of examination and the required level of proctoring. Thus, the cost-effective operations of online exam proctoring are driving the online exam proctoring market growth.

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The online exam proctoring market in North America is segmented into the US, Canada, and Mexico. Various companies in the region offer online exam proctoring solutions for higher educational institutes and universities, and these solutions are broadly accepted in the education sector. The growth in demand for e-learning and the rise in emphasis on efficient learning trigger the development of online exam proctoring market. In North America, there has been a rise in the number of online exams and assessments conducted over the past few years. In the US, universities conduct Advanced Placement (AP) virtual tests for high school students willing to pursue further studies. In 2020, the assessments were conducted online with suitable digital invigilation measures in place, boosting the online exam proctoring market growth. The use of artificial intelligence (AI) is a major future trend in the North American market. This technology is likely to be a major game-changer in the coming years. It can help test-taker check-in, detect suspicious behavior, and identify irregularities through data forensics. The technology amplifies the online exam proctoring procedure by flagging suspicious behavior in a record and review session, thereby allowing instructors to review the session later. The AI-based recognition technologies help achieve results at a lower cost due to the lack of human interference. The AI technology ensures convenience by eliminating the need for scheduling a proctor, and with the use of advanced automated proctoring type, human labor is replaced by algorithms

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Meazure, Inc.; Proctortrack; Examity, Inc.; Talview Inc.; and PSI Services LLC are five leading global online exam proctoring market players. The positioning of these "Five Key Players" is derived by giving weightage to the following key performance parameters-overall revenue, segment revenue, geographical reach, customer base, new solution/service launches, market initiatives, investments in technological advancements, R&D investments, mergers & acquisitions, and other market-related activities. Other notable online exam proctoring market players profiled in the global report are Comprobo; Honorlock Inc.; Inspera AS; Mettl; ProctorEdu LLC; and Meazure, Inc.

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Key Findings of Study:
Rising demand for online exam proctoring solutions due to its functions such as identity authentication, embedded biometric facial recognition, and identity verification to assure that a right person is attending the test is driving the online exam proctoring market growth. Artificial Intelligence (AI)-enabled automated proctoring solution excludes the need for onsite human proctors/invigilators and confirms that there is no impersonation and/or cheating. Using the webcam, proctoring is done during the exam and warns users in case of aberrant behavior, which augments academic integrity and minimizes human biases. Pattern recognition, voice recognition, facial recognition, eye movement detection, plane detection, mouth detection, and other various AI technologies are used for online exam proctoring. AI-based proctoring software detects suspicious noises; unusual body movements; and extra devices, such as phones, tablets, and smartwatches, during exam time and in the testing area. Due to the COVID-19 outbreak, many educational institutions are forced to conduct examinations online, and remote proctoring using AI-based technologies is hugely beneficial in such scenarios. Furthermore, several companies are offering AI, machine learning, biometrics, and Trusted Identity as a Service (TIaaS)-based proctoring solutions. Thus, AI-based proctoring solution are likely to offer lucrative opportunities for the online exam proctoring market growth during the forecast period.

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