Global K-12 Testing and Assessment Market 2024-2028

Global K-12 Testing And Assessment Market 2024-2028

The K-12 testing and assessment market is forecasted to grow by USD 12.01 bn during 2023-2028, accelerating at a CAGR of 11.2% during the forecast period. The report on the K-12 testing and assessment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of analytics, growing momentum of learning management systems, and growing government interventions in K-12 testing and assessment.

Technavio's K-12 testing and assessment market is segmented as below:

By Product

• Curriculum-based testing
• Non-curriculum-based testing

By Method

• Blended method
• Online method
• Traditional method

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the increasing emphasis on formative learning tools as one of the prime reasons driving the K-12 testing and assessment market growth during the next few years. Also, the rise in cloud computing and the growing use of games for assessment will lead to sizable demand in the market.

The report on the K-12 testing and assessment market covers the following areas:

• K-12 testing and assessment market sizing
• K-12 testing and assessment market forecast
• K-12 testing and assessment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading K-12 testing and assessment market vendors that include Anthology Inc., Batia Infotech, CogniFit Inc., Coursera Inc., D2L Corp., Educational Testing Service, Edutech, FairTest, Houghton Mifflin Harcourt Co., Instructure Holdings Inc., John Wiley and Sons Inc., MeritTrac Services Pvt Ltd., NIIT Ltd., Oxford University Press, Pearson Plc, RAND Corp., Scantron Inc., Sylvan Learning LLC, Thoughtful Learning, and Vedantu Innovations Pvt. Ltd.. Also, the K-12 testing and assessment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.