Online Exam Proctoring Market is Projected to Reach USD 915.6 Million by 2027, Growing at a CAGR of 18.1% During 2021-2027
Published | February 2021
According to BlueWeave Consulting, the global online exam proctoring market is
estimated to have reached USD 398.3 million in 2020 and is further projected to
reach USD 915.6 million by 2027, growing at a CAGR of 18.1% during 2021-2027
(forecast period). Online Exam Proctoring enables students to write a test
online in a remote location. This is done while maintaining the integrity of
the test. Students must confirm their identity and they may be monitored
through video. This video is then used to flag any irregular student behavior.
Online proctoring has surged during the coronavirus pandemic, and so too have
concerns about the practice, in which students take exams. This leading to a
rise in market growth.
Ongoing COVID-19 Pandemic is to drive the growth of the Online Exam Proctoring market
Online exam proctoring has surged amid COVID-19 as the institutions are currently considering digital solutions for the exams which would enable them to serve the community better and provide new opportunities to do business. Hence, online exam proctoring is growing rapidly in the current scenarios. As the institutions have been shut down for months due to coronavirus outbreaks across the world. The Various academic institutes and universities are trying to adapt this technology to complete academic years for schools, colleges, or higher education segments and the exams can be done by online exam proctoring.
Growing advanced technology supporting online exam proctoring
The growing newly advanced technology has been leading to significant growth in the online proctoring market. The candidates from remote areas are currently working via online proctoring technology is lending credibility to assessments. The advanced proctoring solution combines the power of our automated proctoring along with human monitoring and intervention. It also lets you monitor exams and intervene in real-time with an easy and effective one-on-one chat between the candidate and proctor. This robust proctoring software is sophisticated, and the human proctors are well-trained having undergone intensive training sessions.
Advanced Automated Proctoring occupy the largest share of the Online Exam Proctoring market
Based on the type, the online exam proctoring market is segmented into advanced automated proctoring, recorded proctoring, live online proctoring. The advanced automated proctoring segment followed by live online proctoring is likely to dominate in the online exam proctoring market. Proview system is advanced automated proctoring, and this is always monitoring suspicious activity using advanced technology. This software ensures the candidate focuses on the test screen; monitors the light and other factors in the room; checks the auspicious activity of the students.
Global Online Exam Proctoring Market: Regional insights
North America catering the largest share and expected to witness significant growth in the online exam proctoring market during the forecast period. The high industry growth rate, with the emergence of new technology, is the major reason. The key providers are continuously upgrading their offerings to differentiate them from other competitors. This is achieved by various organic and inorganic strategies. Suppliers operating in the industry are continuously working on new development, technical expertise, and in-house capabilities. High opportunity makes the Online Exam Proctoring market more competitive and suppliers are trying hard to capture the clients. The market is highly acceptable to innovative products, however, considering the risks involved in business continuity implementers are still considering brand over new offerings in the market.
Global Online Exam Proctoring Product Market: Competitive Landscape
The leading players for the global Online Exam Proctoring product market include, Kryterion, Proctorio, Talview, ProctorU, Comprobo, TestReach, SMOWL, PSI Online, ProctorExam, PearsonVue, Prometric, Biomids Persistent Proctor, ProctorTrack, BTL, Mercer-Mettl, Verificient, Examity, ProctorEdu, VoiceProctor, Smarter Services, Inspera, Gauge Online and others, are expanding their presence in the market by implementing various business strategies. Major players are engaged in mergers and acquisitions, expansion of their manufacturing facilities, infrastructural growth, investment in R&D facilities, and the quest for opportunities to expand vertically through the value chain.
Don’t miss the business opportunity of the Online Exam Proctoring market. Consult our analyst, gain crucial insights, and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global Online Exam Proctoring market size & forecast. The report promises to provide recent technology trends of the Online Exam Proctoring market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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