Online Exam Software Global Market Report 2024

The online exam software market size has grown rapidly in recent years. It will grow from $7.41 billion in 2023 to $8.33 billion in 2024 at a compound annual growth rate (CAGR) of 12.5%. The expansion witnessed in the historical period can be attributed to a variety of factors. These include changes in educational pedagogy, the global spread of educational practices, efforts focused on maintaining quality standards and accreditation, as well as the increasing demand in the market for certification and credentialing programs.

The online exam software market size is expected to see rapid growth in the next few years. It will grow to $13.44 billion in 2028 at a compound annual growth rate (CAGR) of 12.7%. The growth observed in the historical period can be attributed to several factors. These include changes in pedagogical approaches within education, the global expansion of educational opportunities, initiatives aimed at ensuring and accrediting quality standards, and the rising demand in the market for certification and credentialing programs.

The surge in e-learning adoption is set to drive significant growth in the online exam software market in the foreseeable future. E-learning, facilitated by electronic technologies such as the Internet, offers an alternative educational approach that transcends traditional classroom constraints. Its appeal lies in its flexibility, cost-effectiveness, scalability, and personalized learning opportunities. Online exam software emerges as a vital component, facilitating seamless administration of tests, quizzes, and evaluations remotely. Leveraging algorithms, this software ensures fair and reliable assessment of students' capabilities. For instance, the number of students enrolled in Coursera's online courses skyrocketed from 71 million in 2020 to 92 million in 2021, as reported by the World Economic Forum in January 2022. Thus, the escalating adoption of e-learning serves as a catalyst for the burgeoning online exam software market.

Key players in the online exam software arena are directing their efforts towards innovating technological solutions to adapt to the evolving educational and recruitment landscapes. Web-based examination platforms, also dubbed e-assessment platforms, represent a prime example of this endeavor. These platforms, designed as digital tools, facilitate the creation, administration, and management of exams or assessments through web-based interfaces. Mercer Mettl, a leading provider of online assessment platforms, exemplified this trend by unveiling its web-based examination platform in February 2021. Offering a comprehensive suite of tools, this platform digitizes academic exams and talent evaluations. Available in over 20 languages, it supports both human and artificial intelligence proctoring to uphold the integrity of the testing process. Administrators benefit from seamless test scheduling, secure evaluation, and result declaration processes via intuitive dashboards. Such advancements streamline exam administration while ensuring security and efficiency, aligning with the evolving needs of educational and recruitment domains.

In March 2023, Andela, a prominent US-based software company, made a strategic move by acquiring Qualified, an online assessment platform provider, for an undisclosed sum. This acquisition underscores Andela's commitment to enhancing its talent sourcing and assessment capabilities, addressing labor marketplace inefficiencies, and bolstering its position in the tech talent landscape. Qualified's online assessment platform empowers businesses to conduct comprehensive skill assessments, aligning with Andela's vision of offering data-driven talent solutions to businesses and developers alike. Through this acquisition, Andela aims to provide certified talent efficiently, further strengthening its foothold in the competitive tech talent marketplace.

Major companies operating in the online exam software market are Blackboard Learn Inc., QuizCV, TestInvite, Assessment Generator, SurveyMonkey Inc., Quizlet, Moodle Quiz Inc., TestGorilla, Questionmark Inc., ProctorU Inc., ExamSoft, Edmodo, Testmoz, Quizizz, EduBrite, Socrative, WizIQ, Edbase, VocabTest, Think Exam, ExamBuilder, LearnDash, Trivie.

North America was the largest region in the online exam software market in 2023. The regions covered in the online exam software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the online exam software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Online exam software refers to a digital platform designed to facilitate the creation, administration, and evaluation of exams or assessments over the Internet. It provides a virtual environment for both instructors and students to conduct exams remotely, without the need for physical presence in a traditional classroom setting.

The main categories of online exam software include remote or online assessment software, question paper management software, on-screen marking software, and others. Remote or online assessment software facilitates the administration, delivery, and evaluation of assessments or tests remotely, typically via the Internet. These solutions, available as both cloud-based and on-premises options, cater to various organizations, from large enterprises to small and medium enterprises (SMEs), and are utilized across different sectors such as high schools, universities, enterprises, governments, and more.

The online exam software market research report is one of a series of new reports that provides online exam software market statistics, including online exam software industry global market size, regional shares, competitors with a online exam software market share, detailed online exam software market segments, market trends and opportunities, and any further data you may need to thrive in the online exam software industry. This online exam software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The online exam software market includes revenues earned by entities by providing services such as the development of exams, exam administration, security measures, training and onboarding, automated grading, proctoring services, and student management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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