Global Online Assessment Software Market by Type (Cloud-based, On-premises), By Application (Small and Medium Enterprises (SMEs), Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online assessment software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online assessment software from small and medium enterprises (SMEs) and large enterprises across the globe. Additionally, the growing trend of BYOD (Bring Your Own Device) is also contributing to the growth of this market. On-premises-based online assessment software held a major share of the global online assessment software market in 2017 and is expected to continue its dominance during the forecast period.



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Product Definition:

Online Assessment Software is a tool that enables educators to create and administer assessments online. It can be used to assess students' knowledge or skills, or to gather feedback about their experiences in a course.

Cloud-based:

Cloud-based software is a type of online assessment software that delivers tests and assessments over the internet. It provides test taking experience similar to traditional paper-and-pencil tests with added convenience of not having to purchase or maintain any equipment, infrastructure, or software. The shift from traditional testing methods to cloud based testing has increased the adoption rate in recent years.

On-premises:

On-premises is software or hardware installation at the client's site. It is an internal network that uses dedicated connections and protocols for communication. On-premises solutions are used to deliver assessment results to clients in a secure environment, which cannot be accessed by third parties or hackers.

The on-premise solution provides data security as all assessment information will be stored internally within the organization’s server and can only be accessed by authorized people.

Application Insights:

The large enterprises segment dominated the global online assessment software market in 2017, accounting for over 60% of the overall revenue share. The segment is expected to continue its dominance over the forecast period. Large enterprises have a robust IT infrastructure and sophisticated tools required to conduct assessments. These organizations are also likely to be early adopters of online assessment solutions as they can potentially reduce costs and time involved in paper-based exams or tests, as well as facilitate easy access to test materials from anywhere at any time.

Online exam platforms offered by large enterprise companies offer advanced features such as adaptive testing based on user behavior, which helps improve examination quality while reducing costs and time involved in development & maintenance of multiple versions of tests across different devices with different operating systems across diverse industry verticals globally. This factor is anticipated to drive demand for online assessment software among larger organizations during the forecast period.

Regional Analysis:

North America accounted for the largest revenue share in 2017. The region is expected to maintain its lead over the forecast period, owing to factors such as presence of prominent players, availability of high-speed internet connectivity and advanced technology. In addition, increasing adoption of online assessment software by educational institutions is further contributing towards growth in this region. For instance, edX LLC., a subsidiary of Pearson PLC., has partnered with AssessmentPoint Inc., an assessment software provider based in U.

Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing government initiatives for quality education coupled with rising awareness about English language learning programs among students across various countries including India China Japan and South Korea among others).

Growth Factors:

Increasing demand for online assessment software from educational institutes to evaluate the academic performance of students
Rising adoption of online assessment software by corporates for employee training and development purposes
Proliferation of smart devices and broadband internet connectivity across the globe
Growing trend of BYOD (Bring Your Own Device) in workplaces
Advent of cloud-based online assessment software that offers anytime, anywhere access to users


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Assessment Software Market Research Report
By Type
Cloud-based, On-premises
By Application
Small and Medium Enterprises (SMEs), Large Enterprises
By Companies
Quizworks, Vervoe, ProProfs, HireVue, ExamSoft Worldwide, Conduct Exam Technologies, Questionmark, Fidenia, Apar PeopleWorld, PSI Education, Transformica, ComplyWorks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.

Global Online Assessment Software Market Report Segments:
The global Online Assessment Software market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Small and Medium Enterprises (SMEs), Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Quizworks
Vervoe
ProProfs
HireVue
ExamSoft Worldwide
Conduct Exam Technologies
Questionmark
Fidenia
Apar PeopleWorld
PSI Education
Transformica
ComplyWorks



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Highlights of The Online Assessment Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud-based
On-premises
By Application:
Small and Medium Enterprises (SMEs)
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Assessment Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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