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K-12 Testing And Assessment Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
What market dynamics are playing a key role in accelerating the growth of the k-12 testing and assessment market?The growing demand for online education is anticipated to boost the K-12 testing and assessment market. Online education, delivered via the internet, is gaining traction due to its flexibility, accessibility, and the quality of remote learning options, driven by technological progress and changing educational needs. K-12 testing and assessment tools offer personalized, data-driven ways to measure and support student learning. For example, in January 2024, Eurostat reported that 30% of EU internet users aged 16 to 74 engaged in online courses or learning resources in 2023, up from 28% in 2022. This reflects the growth in online education and its impact on testing and assessment.
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How will the growth rate of the k-12 testing and assessment market shape industry trends by 2034?
The K-12 testing and assessment market will increase from $12.53 billion in 2024 to $13.69 billion in 2025 at a CAGR of 9.2%, supported by personalized learning, gamified assessments, and growing awareness of learning outcomes.
The K-12 testing and assessment market is projected to grow to $19.31 billion by 2029 at a CAGR of 9.0%. Growth is attributed to the rise in private tutoring services, increasing online education demand, and the growing necessity for standardized assessments. Notable trends include product innovations, strategic collaborations, and ongoing technological advancements in testing and evaluation tools.
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What trends are poised to drive the future success of the k-12 testing and assessment market?
Companies in the K-12 testing and assessment market are focused on developing next-generation assessment solutions to better evaluate student performance and outcomes. These solutions are more personalized and data-driven, improving the measurement of student learning. For instance, in December 2023, New Meridian, an Austria-based non-profit, introduced ProgressGuide, a new through-year assessment system aimed at helping school districts target instruction and monitor student growth throughout the year.
Which primary segments of the k-12 testing and assessment market are driving growth and industry transformations?
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
Subsegments:
1) By Software: Assessment Management Software, Learning Management Systems (LMS), Data Analytics And Reporting Software, Test Creation And Delivery Tools
2) By Content: Test Items And Question Banks, Pre-Built Assessments (Standardized Tests, Practice Tests), Adaptive Testing Content, Curriculum-Based Content
3) By Services: Consulting Services, Training And Support Services, Test Administration Services, Data Management And Analysis Services, Scoring And Reporting Services
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Which geographical regions are pioneering growth in the k-12 testing and assessment market?
North America was the largest region in the K-12 testing and assessment market in 2023. The regions covered in the K-12 testing and assessment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the k-12 testing and assessment market landscape?
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.
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What Is Covered In The K-12 Testing And Assessment Global Market Report?
•Market Size Forecast: Examine the k-12 testing and assessment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the k-12 testing and assessment market for a structured understanding.
•Key Players Overview: Analyze major players in the k-12 testing and assessment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the k-12 testing and assessment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the k-12 testing and assessment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the k-12 testing and assessment market.
•Industry Challenges: Identify potential risks and obstacles affecting the k-12 testing and assessment market.
•Competitive Landscape: Review strategic developments in the k-12 testing and assessment market, including expansions, agreements, and new product launches.
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