According to the new research report, titled “Online Exam Proctoring Market Forecast to 2027 – COVID-19 Impact and Analysis – by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring) and End User (Schools and Universities, Enterprises, and Government)” published by The Insight Partners, the market is expected to reach US$ 1,187.57 million by 2027 and is likely to register a CAGR of 16.4% during 2020–2027.
The online exam proctoring market in APAC is further segmented into Australia, China, Japan, India, and South Korea. The education sector is experiencing massive transformation with the advancements of EdTech; thus, schools and universities are exploring options to conduct safe and secure online examinations. Several companies in testing and assessments have come up to help educational institutions to plan for conducting exams online. Besides, numerous learning management systems are integrating online proctored exams as their services for education institutions.
The swift advancements in technologies, digitalization of economies, and government support are among the factors contributing to the smooth evolution of these economies from a developing to a developed stage. Seoul National University, the University of Tokyo, Kyoto University, Osaka University, Australian National University, University of Queensland, Tsinghua University, National University of Singapore, Indian Institute of Science, and Indian Institute of Technology Bombay are among the top universities present in the region. This generates opportunities for online exam proctoring vendors to provide their proctoring solutions and gain traction in the market.
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Furthermore, e-learning is used broadly employed in higher education institutions and corporations; it is also progressively being adopted in K-12 institutions. The flexibility and robust functionality of online learning allow users to complete courses efficiently, and stay engaged continuously. With the increase in the demand for e-learning, online proctoring has become a significant solution across all end users. The e-learning platforms provide flexibility of use, which is adding to the demand for online courses. Organizations, universities, and institutions are offering more online courses to facilitate flexible learning. However, these solutions also confer greater accessibility, and cost-effective and convenient operations. The rise in the number of e-learning administrators integrating online proctoring into their performance assessment processes drives the online exam proctoring market.
Comprobo, Examity, Inc.; Honorlock Inc.; Inspera AS; Mettl; ProctorEdu LLC; Proctortrack; ProctorU Inc.; PSI Services LLC; and Talview Inc. are the leading players operating in the online exam proctoring market. Several other players are also functioning and are contributing significant revenues in the online exam proctoring market.
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