How much is the online exam software market worth, and how is it expected to expand?
The online exam software market size has grown rapidly in recent years. It will grow from $8.33 billion in 2024 to $9.41 billion in 2025 at a compound annual growth rate (CAGR) of 13.0%. The growth in the historic period can be attributed to pedagogical shifts, globalization of education, quality assurance and accreditation, and market demand for certification and credentialing.
The online exam software market size is expected to see rapid growth in the next few years. It will grow to $15.14 billion in 2029 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to the expansion of remote and hybrid learning models, emphasis on data analytics and learning analytics, and expansion of online certification and micro-credentialing. Major trends in the forecast period include increased adoption of remote proctoring technology, the rise of AI-powered assessment tools, mobile-friendly exam solutions, and integration with learning management systems.
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Which Market drivers have played a significant role in driving the online exam software market?
The increasing adoption of e-learning will propel the growth of the online exam software market going forward. E-learning, short for electronic learning, refers to the process of using electronic technologies, primarily the Internet, to access educational curricula outside of a traditional classroom setting. E-learning is driven by its ability to overcome traditional barriers to education while offering flexibility, cost-effectiveness, scalability, and personalized learning experiences. Online exam software provides smooth management of online courses, allowing users to administer tests, quizzes, and evaluations remotely. Using algorithms, online exam software can successfully examine students’ abilities, resulting in a fair and reliable evaluation approach. For instance, in January 2024, according to the Eurostat, a Luxembourg-based government agency, the participation in online education in 2023 increased compared with 2022 with 30% of users aged 16 to 74 had done an online course or used online learning material in the three months prior to the survey. This is a 2%-point (pp) increase compared with 2022 (28%). Therefore, the increasing adoption of e-learning is driving the growth of the online software market.
What are the key segments within the online exam software market?
The online exam software market covered in this report is segmented –
1) By Software Type: Remote Or Online Assessment Software, Question Paper Management Software, On Screen Marking Software, Other Software Types
2) By Product: Cloud-Based, On-Premises
3) By Organization Type: Large Enterprises, Small And Medium Enterprises (SMEs)
4) By Application: High Schools, Universities, Enterprises, Governments, Other Applications
Subsegments:
1) By Remote Or Online Assessment Software: Proctoring Tools, Exam Monitoring Tools, Automated Assessment Systems
2) By Question Paper Management Software: Question Bank Management, Test Creation Tools, Question Paper Randomization
3) By On-Screen Marking Software: Digital Paper Evaluation, Rubric-Based Assessment Tools, Auto-Grading Systems
4) By Other Software Types: Learning Management Systems (LMS), Results Analytics Tools, Exam Reporting And Feedback Systems
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Which key players are shaping the online exam software market?
Major companies operating in the online exam software market are Blackboard Learn Inc., QuizCV, TestInvite, Assessment Generator, SurveyMonkey Inc., Quizlet, Moodle Quiz Inc., TestGorilla, Questionmark Inc., ProctorU Inc., ExamSoft, Edmodo, Testmoz, Quizizz, EduBrite, Socrative, WizIQ, Edbase, VocabTest, Think Exam, ExamBuilder, LearnDash, Trivie
Which transformative trends will shape the online exam software market landscape?
Major companies operating in the online exam software market are focusing on the development of innovative technological solutions, such as the Percipio platform that enables organizations to assess employee skills using a criterion-based methodology. Percipio is a learning experience platform developed by Skill soft. It offers a wide range of educational resources, including courses, videos, books, and other content, aimed at helping organizations provide training and skill development opportunities for their employees. For instance, in March 2022, Skillsoft’s Skill Benchmark Assessment, a US-based corporate learning and skill development provider, launched its software integrated with the Percipio platform to help organizations evaluate employee skill levels through a criterion-based approach. The assessments are designed by subject matter experts, ensuring relevance and accuracy in identifying skill gaps.
How do regional factors impact the online exam software market, and which region is the largest contributor?
North America was the largest region in the online exam software market in 2024. The regions covered in the online exam software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Does The Online Exam Software Market Report 2025 Offer?
The online exam software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Online exam software refers to a digital platform designed to facilitate the creation, administration, and evaluation of exams or assessments over the Internet. It provides a virtual environment for both instructors and students to conduct exams remotely, without the need for physical presence in a traditional classroom setting.
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