Press release
Online Exams Proctoring Market 2023 By Manufacturers, Regions, Type And Application, Forecast To 2029
The global Online Exams Proctoring Market was valued at USD 514.95 million in 2021 and is expected to reach USD 1573.4 million by the year 2028, at a CAGR of 17.3%.
Online Exam Proctoring helps to observe a candidate or student during an online test by using a webcam and mic and accessing the candidate's screen. Artificial Intelligence enabled automated proctoring solution excludes the need to have onsite human proctors and confirms that there is no impersonation. Different AI technologies are used for online exam proctoring such as voice recognition, facial recognition, pattern recognition, mouth detection, eye movement detection, and other.
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Market Dynamics:
Driver:
The increasingly advanced technology driving the online proctoring market growth. The swift advancements in technologies, support of governments, and digitalization of economies, are factors that drive the growth of the market. The low cost of managing online assessment Centers is also a driving factor of the Online Exam Proctoring Market. Nowadays the adoption of e-learning is growing rapidly owing to the increase in the preference for online courses and high internet penetration as well as the rapid surge in the number of online exams drives the market growth. Additionally, the increase in the number of e-learning administrations integrating online proctoring into their performance assessment process boosts the growth of the market during the forecast period.
Opportunities:
The Artificial intelligence (AI) based online proctoring solution is creating a growth opportunity for the market players operating in the market. The presence of developing economies with steady growth and increasing adoption of innovative as well as advanced technologies in the developing region like Asia Pacific region creates an opportunity for market growth. Moreover, many companies are also offering artificial intelligence, machine learning, biometrics, and Trusted Identity as a Service (TIaaS) based proctoring solutions providing significant growth opportunities for the market.
The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.
Market Segmentation
By Type
• Live Online Proctoring
• Record & Review Proctoring
• AI-Based or Automated Proctoring
By End Users
• Schools & Universities
• Enterprises
• Government
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Regional Analysis of Online Exam Proctoring Market
Depending on geography, the Online Exam Proctoring market is segmented into five regions consisting of Asia, the Middle-East and Africa, South America, North America, and Europe. North America region is expected to dominate the sales of online exam proctoring market during the period of forecast. Due to the large number of investments made in upgrading proctoring methods and eliminating malpractices in countries such as the US and Canada, the North American region is going to dominate the region in the span of the forecast.
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Key Players Covered in Online Exams Proctoring Solution Market
• Examity
• PSI Services
• ProctorU
• ExamSoft
• Comprobo
• Mercer-Mettl
• ProctorTrack (Verificient)
• Inspera
• Kryterion
• Prometric
• Respondus
• Smarter Services
• Honorlock
• Proctorio
• ProctorExam
• Pearson Vue
• ProctorFree
• SMOWL
• TestReach
• Questionmark
• Televic Education
• Examstar
• RK Infotech and other major players.
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Key Industry Development in Online Exam Proctoring Market
• In April 2021, Honorlock announced that it has accumulated $25 million in its new round of funding. Honorlock uses human intelligence and artificial intelligence to provide a trouble-free remote testing experience to students. Prestigious institutions such as the University of Maryland, University of Florida, and Georgia Tech are some institutions among 300 institutions that use Honorlock for exam proctoring.
• In July 2021, Scantron leading company in analytics and data capture for education causes has declared a partnership with Examity, a global leading industry in online proctoring. With this partnership, Examity will provide a smooth live remote proctoring feature for educational institutions.
• In September 2020, PSI Services LLC (PSI), a leading workforce solutions provider of best-in-class evaluation content and comprehensive certification program services, has declared that it is going to provide exceptional test delivery services for Microsoft's announcement to help 25 million people globally obtain innovative digital skills required for the COVID-19 situation.
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Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Online Exam Proctoring Market by Type
Chapter 6: Online Exam Proctoring Market by End Users
Chapter 7: Company Profiles and Competitive Analysis
Chapter 8: Global Online Exam Proctoring Market Analysis, Insights and Forecast, 2016-2028
To Be Continue….
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https://introspectivemarketresearch.com/reports/e-learning-market/
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