Report : North America Online Exam Proctoring Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring) and End User (Schools & Universities, Enterprises, and Government)
At 15.2% CAGR, the North America Online Exam Proctoring Market is speculated to be worth US$ 696.31 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America online exam proctoring market was valued at US$ 297.82 million in 2022 and is expected to reach US$ 696.31 million by 2028, registering a CAGR of 15.2% from 2022 to 2028. Tremendous growth in e-learning and cost-effective operations of online exam proctoring are the critical factors attributed to the North America online exam proctoring market expansion.
Online learning is a cost-effective way for students to access education and training, and an effective way to deliver for the education providers. With more and more learners shifting towards online courses and learning, and high internet penetration, e-learning is growing rapidly. E-learning is broadly used 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. 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. These solutions also confer greater accessibility, and cost-effective and convenient operations. Moreover, the covid-19 pandemic has given unexpected boost to e-learning platforms. Despite of issues in connectivity, schools and educational institutes were forced to adapt online and hybrid learning. For instance,
• According to a blog by Visartech Inc., the e-learning market has expanded by 200% in recent years.
• According to Coursera Impact Report in 2021, 21 million students registered for Coursera’s online learning platform Coursera reported in 2016 which increases to 71 million in 2020, and 92 million in 2021.
With the increase in demand for E-learning, Online proctoring has become a significant solution across all end-users. The rise in the number of E-learning administrators integrating online proctoring into their performance assessment processes drives the North America online exam proctoring market.
On the contrary, slow internet speed and technical complexities hurdles the growth of North America online exam proctoring market.
Based on type, the North America online exam proctoring market is segmented into advanced automated proctoring, recorded proctoring, and live online proctoring. The live online proctoring segment held 48.0% share of the North America online exam proctoring market in 2022, amassing US$ 142.84 million. It is projected to garner US$ 327.28 million by 2028 to expand at 14.8% CAGR during 2022–2028.
Based on end user, the North America online exam proctoring market is segmented into schools & universities, enterprises, and government. The schools & universities segment held 49.7% share of the North America online exam proctoring market in 2022, amassing US$ 148.12 million. It is projected to garner US$ 364.03 million by 2028 to expand at 16.2% CAGR during 2022–2028.
Based on country, the North America online exam proctoring market has been categorized into the US, Canada, and Mexico. Our regional analysis states that Japan captured 70.1% share of the North America online exam proctoring market in 2022. It was assessed at US$ 208.69 million in 2022 and is likely to hit US$ 498.62 million by 2028, exhibiting a CAGR of 15.6% during the forecast period.
Key players profiles in the North America online exam proctoring market report are Examity, Inc.; Honorlock Inc.; Inspera AS; Meazure Inc; Mettl; ProctorEdu LLC; Proctortrack; PSI Services LLC; and Talview Inc. among others.
- Jul-2022, Honorlock, Inc. wins 2022 Tech Innovation Award from TMC and TMC Labs product review division. The company won this award for their advanced online proctoring platform.
- Mar-2020, Honorlock, Inc. raised US$11.5 million funding by Neil Sequeira from Defy Partners. This new funding helps to accelerate Honorlock growth and expansion into new markets.
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