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NEW YORK, July 29, 2021 /PRNewswire/ — The K-12 Testing and Assessment Market report has been added to Technavio’s offering. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.
The K-12 testing and assessment market in the education services industry is poised to grow by USD 7.76 billion during 2020-2024. Technavio’s latest market research report estimates that the K-12 testing and assessment market will progress at a CAGR of about 10%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio offers in-depth market insights that assist global businesses to obtain growth opportunities.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. CogniFit Ltd., Edutech, ETS Global BV, Instructure Inc., MeritTrac Services Pvt Ltd., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Scantron Inc., and Think & Learn Pvt. Ltd. are some of the major market participants. The increasing use of analytics will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
K-12 Testing and Assessment Market 2020-2024: Segmentation
K-12 Testing and Assessment Market is segmented as below:
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K-12 Testing and Assessment Market 2020-2024: Vendor Analysis and Scope
To help businesses improve their market position, the K-12 testing and assessment market provides a detailed analysis of vendors operating in the market. Some of these vendors include CogniFit Ltd., Edutech, ETS Global BV, Instructure Inc., MeritTrac Services Pvt Ltd., NIIT Ltd., Pearson Plc, Providence Equity Partners LLC, Scantron Inc., and Think & Learn Pvt. Ltd.
The report also covers the following areas:
The rising number of collaborations between schools and assessment companies is likely to emerge as one of the primary drivers of the market. However, factors such as the rising threats from test-optional institutions may threaten the growth of the market.
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Backed with competitive intelligence and benchmarking, our research reports on the K-12 testing and assessment market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
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K-12 Testing and Assessment Market 2020-2024 : Key Highlights
Table of Contents:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Product
The segments covered in this chapter are:
Curriculum-based testing was the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024, growing slower than the overall market (around 10%). It would grow at a compounded annual growth rate of around 8% between 2019 and 2024.
Buy the full K-12 testing and assessment market forecast report for exhaustive analytical data on the segmentations.
Exhibit 19: Global K-12 testing and assessment market 2019-2024 ($ million) by curriculum-based testing, exclusive of COVID-19 impact
6. Market Segmentation by Method
The segments covered in this chapter are:
Blended method was the largest segment of the market in 2019 and will continue to be the largest segment of the market in 2024, growing slower than the overall market (around 10%). It would grow at a compounded annual growth rate of around 8% between 2019 and 2024.
Buy the full K-12 testing and assessment market forecast report for exhaustive analytical data on the segmentations.
8. Customer landscape
Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
9. Geographic Landscape
The regions covered in the report are:
North America was the largest region of the market in 2019 and would continue to be the largest segment of the market in 2024. It would grow at a compounded annual growth rate of around 9% between 2019 and 2024, which is slower than the overall market.
Buy the report now to obtain meticulously researched actionable insights on the emerging and potential regional markets.
10. Drivers, Challenges, and Trends
11. Vendor Landscape
The potential for the disruption of the market landscape was low in 2019, and its threat is expected to remain unchanged by 2024.
12. Vendor Analysis
13. Appendix
Technavio’s in-depth market research reports now include a thorough analysis of the COVID-19 impact on various markets to help industry leaders navigate their business through the new normal.
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