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mitchellbelstead6675 · 5 years ago

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Test Preparation Market 2020 Global Industry Size, Development, Trends and Forecast to 2027

Global Test Preparation Market: Introduction

Test preparation relates to tools specific to educational courses, tutoring services, educational material, or e-learning which enhances the performance of students on consistent tests. Tests include entrance examinations for admission to institutions of higher education, such as college (e.g. SAT and ACT), business school (GMAT), law school (LSAT or LNAT), medical school (MCAT), BMAT, UKCAT, and GAMSAT, and graduate school (GRE).

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Global Test Preparation Market – DynamicsIncreased Propensity to Spend on Quality Education

Globally, the level of expenditure or propensity to spend on education is increasing with the rise in disposable income and increasing quest for a better standard of living. The global education industry is growing in double digits over the last five years and is expected to expand at a strong CAGR in future. Demand for test preparation is increasing due to adoption of digitization and education, specifically in developing regions such as Asia Pacific and South America.

Ease of Entering the Education Industry and Low Investment

Profit margin is very high in the education industry due to the large customer base. The governments of different countries also encourage new companies to set up the infrastructure for education. Many players provide new and innovative solutions specific to test preparation owing to the ease of entering the education industry. The large customer base in this industry is driving the growth of the test preparation market.

System Infrastructure & System Downtime Hampering Growth of the Test Preparation Market

Integration of the test preparation market with the current infrastructure leads to increase in downtime and may hamper the revenue of the market during the short term period. Infrastructure for digital education is not compatible in many countries of Asia Pacific. This could hamper the growth of the test preparation market.

North America Expected to Dominate the Global Test Preparation Market

In terms of region, the global test preparation market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global test preparation market during the forecast period, due to strong digital infrastructure specifically in the field of education.

COVID-19 Impact on the Global Test Preparation Software Market

It is expected that COVID-19 will positively impact the market during the short term period. This is because the lockdown within countries of Europe, North America, and Asia Pacific has majorly shifted the education pattern onto digital platforms. Universities and colleges are conducting internals, tests, and exams through online portals. This is expected to drive the growth of the test preparation market.

Global Test Preparation Market – Competitive Landscape

In June 2019, Tata Class Edge, a leading provider of technology-enabled learning solutions launched Tata Testprep – an interactive app and web-based practice and testing solution in partnership with TCY Online to aid students in preparing and practicing for competitive entrance examinations and school level competitions.

Byju's

Established in 2011, Byju's is a leading educational technology (edtech) company headquartered in Bengaluru. Byju's provides study materials and support for competitive exams such as CAT, IAS, GMAT, GRE, JEE, NEET, bank entrance exams, etc. Byju's has more than 35 million registered users and 2.4 million paid subscribers, which makes it one of the largest edtech platforms in the world.

Global Test Preparation Market: Segmentation

The global test preparation market can be segmented based on:

Component

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Global Test Preparation Market, by Component

Based on component, the global test preparation market can be divided into:

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Global Test Preparation Market, by End-user

Based on end-use, the global test preparation market can be divided into:

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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tastegoal73-blog · 7 years ago

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westford123 · 7 years ago

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The UAE has become one of the most popular and sought-after destinations for education in the MENA region. The country’s vision has been to transform itself into a knowledge base economy and the education industry’s rapid progress in the last few years is a testament to the government’s commitment to that vision (FindAMasters, 2018). At present, there is no dearth of good business schools offering a variety of programs that suit the needs of the students in the region. Owing to its strategic location and highly developed infrastructure, the UAE attracts students from all around the region who wish to pursue their higher education with a global perspective. Although there are a variety of reasons to study in UAE, one of the most important aspects that are unique to this place is the cultural diversity in the classrooms and the opportunity to interact with people from all parts of the world.

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As recognized by quite a few researchers, cross-cultural leadership is one of the many challenges that organizations face today. The moot point here is whether diversity needs to be “tolerated or celebrated”(May 2015). It is important to shun the idea that diversity needs to be managed to keep conflict at bay and to look at it as an advantage that needs to be leveraged from. Therefore, it is essential for MBA students in the UAE to appreciate the value of diversity and use it as a platform for personal and professional development.

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