The online exam proctoring market is valued at US$ 1,742.95 million by 2028; registering at a CAGR of 16.2% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Tremendous Growth in E-Learning Boosts Demand for Online Exam Proctoring Market Growth
E-learning is broadly used in higher educational 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 virtually and stay engaged continuously. The e-learning platforms provide flexibility to students and education providers, which propels the demand for online courses. The adoption of e-learning is growing rapidly due to the rise in preference for online courses and learning and high internet penetration. These solutions also provide greater accessibility and cost-effective and convenient operations. Moreover, the COVID-19 pandemic has given an unexpected boost to e-learning platforms. With the increased demand for e-learning, online exam proctoring has become a significant solution for all end-users. Therefore, the rise in the number of e-learning administrators integrating online proctoring into their performance assessment processes drives the online exam proctoring market growth.
Online Exam Proctoring Market – by Region, 2021 and 2028
Online Exam Proctoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring) and End User (Schools & Universities, Enterprises, and Government)
Online Exam Proctoring Market Statistics | Industry Report 2028
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Cheating is an act of unfair means to gain an undue advantage in a test or an exam. The introduction of remote proctoring solutions has helped eliminate the external factors that lead to cheating that is likely to boost the online exam proctoring market growth. The online exam proctoring can be easily integrated onto any learning management system or website to be proctored and imitates an on-site proctor. Now, monitoring candidates from widespread areas with the help of online proctoring technology is lending credibility to assessments. Innovation in e-learning and continually developing technologies have reinvented how learners obtain knowledge and enhance professional skills.
Ecosystem of Global Online Exam Proctoring Market
Software providers, service providers, and end-users are main stakeholders in the online exam proctoring market ecosystem. Many online exam proctoring industry players are available in the market. The online exam proctoring tools help improve the talent pipeline by monitoring and recording the overall selection process. In addition, the providers of individual software and services are integrated as per the specific needs of the end users.
The online exam proctoring market is bifurcated on the basis of type and end user. Based on type, the market is segmented into advanced automated proctoring, recorded proctoring, and live online proctoring. In terms of end user, the online exam proctoring industry is segmented into schools & universities, enterprises, and government.
Impact of COVID-19 Pandemic on Online Exam Proctoring Market
The COVID-19 outbreak adversely affected economies and industries in various countries due to the imposition of lockdowns, travel bans, and business shutdowns. During the COVID-19 pandemic, businesses, and organizations, faced with unprecedented challenges, are looking for different ways to stay productive. The selection of the right candidate for jobs and certification process has become a remote process for many businesses, schools, and universities. Centers for Disease Control and Prevention (CDC) have recommended social distancing measures for schools & universities, and organizations, making remote working a new norm. Education providers rapidly moved their conventional learning model to remote and online learning to ensure seamless continuity of education, which propelled the need for online exams. Online exam proctoring solutions offered a feasible option to conduct exams with integrity while maintaining social distancing. Since major investments in the digital delivery of learning content surged considerably, the focus on online examinations increased to enable students to take exams from their homes without risking exposure to the virus. Numerous regional universities conducted examinations through online platforms. Therefore, the impact of COVID-19 pandemic is positive on the online exam proctoring market.
Comprobo; Examity, Inc.; Honorlock Inc.; Inspera AS; Mettl; ProctorEdu LLC; Proctortrack; Meazure Inc.; PSI Services LLC; and Talview Inc. are among the key online exam proctoring market players operating in the market. In addition to all the players profiled in the report, there are several other global, regional, and local online exam proctoring industry players operating in the market which were also analyzed and studied during this study, to get a holistic view of the entire market.
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