K-12 Testing And Assessment Global Market 2024 - Industry Trends, Share, Size, Growth, Opportunity And Forecast 2033

The new report published by The Business Research Company, titled ""K-12 Testing And Assessment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the K-12 testing and assessment market size has grown strongly in recent years. It will grow from $11.50 billion in 2023 to $12.53 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The K-12 testing and assessment market size is expected to see strong growth in the next few years. It will grow to $17.74 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.

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Rising Demand For Online Education Is Fueling Growth In The Market
The rising demand for online education is expected to propel the growth of the K-12 testing and assessment market going forward. Online education refers to delivering educational content and instruction via the Internet. The demand for online education is rising because of its flexibility, accessibility, and quality of remote learning options, driven by technological advancements and evolving learning needs. K-12 testing and assessment in online education offer numerous advantages by providing personalized, data-driven, and engaging ways to measure and support student learning, ensuring that students receive a high-quality education regardless of the learning environment. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, online education enrollment figures surged in 2020, more than doubling, and then experienced another substantial increase of 32% the subsequent year, reaching a peak of 189 million in 2021. Therefore, the rising demand for online education is driving the growth of the K-12 testing and assessment market.

Next-Generation Solutions To Enhance Student Learning And Outcomes
Major companies operating in the K-12 testing and assessment market are developing next-generation assessment solutions to evaluate student performance and outcomes better. Next-generation assessment solutions represent a significant advancement in educational evaluation, offering more personalized, data-driven, and engaging ways to measure and support student learning. For instance, in December 2023, New Meridian, an Austria-based non-profit organization, launched ProgressGuide, a new through-year assessment system. This was designed to help school districts target instruction and monitor student growth throughout the year. This innovative approach to assessment is part of New Meridian's mission to support quality education for all students by fostering deeper learning and advancing equity in education.

The k-12 testing and assessment market covered in this report is segmented -

1) By Component: Software, Content, Services
2) By Product: Curriculum-Based Testing, Non-Curriculum-Based Testing
3) By Method: Blended Method, Online Method, Traditional Method
4) By End-User: Schools, Education Institutions, Government Agencies, Private Organizations

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Major companies operating in the K-12 testing and assessment market are Pearson Plc, Sylvan Learning LLC, Educational Testing Service, Coursera Inc., Houghton Mifflin Harcourt, Instructure Inc., Renaissance Learning Inc., Scantron Corporation, ACT Inc., NWEA, Edgenuity, Excelsoft Technologies Pvt. Ltd., Questar Assessment Inc., Measured Progress, Cognia, Educational Initiatives Pvt. Ltd., Istation inc., Proprofs Inc., Lexia Learning Systems LLC, Edulastic Inc., Cambium Assessment Inc., CORE Education and Consulting Solutions, Illuminate Education Inc., Otus LLC, Classworks Inc.

Contents of the report:
1. Executive Summary
2. K-12 Testing And Assessment Market Report Structure
3. K-12 Testing And Assessment Market Trends And Strategies
4. K-12 Testing And Assessment Market - Macro Economic Scenario
5. K-12 Testing And Assessment Market Size And Growth
…..
27. K-12 Testing And Assessment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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