DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Higher Education Testing and Assessment Market 2017-2021" report to their offering.
The analysts forecast the global education testing and assessment market to grow at a CAGR of 4.65% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global education testing and assessment market for 2017-2021. To calculate the market size, the report considers the revenue generated only from for-profit third-party players that collaborate with educational institutions to conduct tests and assessments to evaluate the students' performance accordingly. The revenue sources considered involve fees, licenses, and subscriptions.
According to the report, one of the major drivers for this market is growing focus on CBE. According to the traditional learning environment, the performance assessment of students depends on the credit hours allotted to each course. The hours allotted are structured, and upon successful completion of the tasks, students are conferred with respective grades for the courses. However, competency-based education (CBE) reverses the entire process and focuses on the learning outcome, where the learning hours are not fixed.
The latest trend gaining momentum in the market is surge in assessments through social media platforms. The education system is massively evolving with respect to the embedding technology in various aspects of education. The integration of social media in classroom learning is yet another recent trend observed. The social networking platform is not just used for enhancing participation of students in learning through informal ways, but now it has become a part of formative assessment.
- Growing focus on CBE
- Benefits to administrative staff and teachers
- Increased incorporation of formative assessments
- Emphasis on personalized learning
- Surge in open-source software providers
- Operational inefficiencies
- Proper utilization of assessment tools
- Integration with traditional systems
- Surge in assessments through social media platforms
- Cloud-based assessment service platforms
- Analytical applications
- Pearson Education
Other prominent vendors
- Mindlogicx Infratec
- Oxford Learning Centers
- Sherwood Children's Assessment Center
For more information about this report visit http://www.researchandmarkets.com/research/4ndshr/global_higher