Global Online Exam Software Market Size By Deployment Type (Cloud Based, On-Premises), By Organization Size (Large Enterprises, Small, and Medium Enterprises (SMEs)), By Software Type (Remote/Online Assessment Software, Question Paper Management Software), By Geographic Scope And Forecast

Online Exam Software Market Size And Forecast

Online Exam Software Market size was valued at USD 6.71 Billion in 2024 and is projected to reach USD 13.3 Billion by 2031, growing at a CAGR of 9.01% during the forecast period 2024-2031.

The factors attributed to the growth of the market over the projected period are the increasing number of competitive exams and certifications, the importance of skills assessment for employability, and the population of the young labor force. One of the important drivers of the market is an increasing number of young job seekers and entrepreneurs. The Global Online Exam Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

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Global Online Exam Software Market Definition

An online examination is a method of holding online tests in order to assess the applicants’ knowledge. It is conducted by universities, colleges, and corporate entities. With online examinations, applicants can do the test online at a suitable time on their PC, laptop, tablet, or android phone. Users need a browser and internet connection for online examinations. An online exam solution offers a highly scalable and secure engine that, with minimal administrative resources, manages the entire exam lifecycle online. It provides versatility for multi-subject evaluations and provides a thorough review of the results of each test. Features of the solution such as online registration and online payment facilities can be integrated in a short time. Test results are generated automatically after the test has been performed. Online exam software removes the need for human monitoring with features such as Windows violation records and image proctoring.

In accordance with the survey, online tests are a scalable and highly productive alternative to centre-based exams and are provided to be a superior and more scalable option to offline exams. Despite the apparent technological difficulties, the online examination systems are scalable and simple with digital procedures. The scalability of the online examinations is one of the major factors that fuel market growth. The global demand for online exam software is primarily driven by the growing need for question paper security, as paper leaks are a major issue faced by most institutions. In addition, the need to minimize the use and waste of excess paper is expected to drive the growth of the global online exam software market. In addition, the growing demand for instant assessment and results from applicants is projected to increase demand for online examination software. The market for online exam software is further accelerated by increasing expectations of students or candidates to offer the test at any time from any device without using pen or paper. Growing demand for holding the content secure until the test starts is also anticipated to fuel the online exam software market.

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Global Online Exam Software Market Overview

An online exam software solution provides the test process with flexibility and security. The system can shuffle and give questions in different orders to different students once all the questions are uploaded into the system. This minimizes the chance to cheat. For a paper-based examination, however, this is not practical, the paper cannot be printed differently for every student, and thus it gives leeway for malpractices. There is also a possibility for the paper to get leaked while passing it to different examination centres; this risk is mitigated by the use of online examination software. To a large extent, the evolution of the digital world has eliminated the paperwork. Any industry around the world is heading with minimum paperwork to the digital world, which eliminates the complexity of managing important papers and saves time. In the education industry, digitalization has created a path, giving rise to the development of software that can conduct online exams. To manage the entire online examination process, online exam software is the appropriate solution. This software effectively automates and streamlines the entire process from exam planning to execution. It can be used in every vertical and for every purpose, including school exams and company entrance exams, allowing users flexibility to customize the exam according to their requirements, which is one of the key factors behind its adoption.

Assessment services are used by firms to determine an applicant on the basis of various parameters. This assessment allows businesses to evaluate and train personnel. To increase employability, consultants provide guidance on skill assessment. Assessment capabilities allow businesses to identify, hire and develop the best-fit talent for a particular profile. As the traditional assessment process is time-consuming and requires high cost, companies are growing looking for cost-efficient and convenient avenues like online assessments solutions for this purpose. The factors attributed to the growth of the market over the projected period are the increasing number of competitive exams and certifications, the importance of skills assessment for employability, and the population of the young labor force. Job immigrants are increasing due to globalization in developed countries. The inflow of immigrants in lower-skilled jobs and highly professional jobs in developed countries is an ever-rising phenomenon. Due to the new regulations being enforced by new governments, screening services for job immigrants are necessary as candidates are mispresenting their credentials. Mobile workforce and increasing fraudulent activities are also some of the factors that contribute to a higher demand for efficient background checks by various organizations, driving the market for effective online assessment services. One of the important drivers of the market is an increasing number of young job seekers and entrepreneurs

Global Online Exam Software Market: Segmentation Analysis

The Global Online Exam Software Market is segmented on the basis of Deployment Type, Organization Size, Software Type, and geography.

Online Exam Software Market, By Deployment Type

• Cloud Based
• On-Premises

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Based on Deployment Type, the market is bifurcated into Cloud Based, On-Premises. Cloud Based accounted for the largest market share and is projected to grow at the highest CAGR of 9.70% during the forecast period. Cloud computing is a rapidly expanding area of information technology that enables a new wave of applications to operate on a variety of hardware devices while the infrastructure and data center remains in the cloud. Cloud computing is Internet-based computing in which various services such as servers, storage, and applications are delivered to a company’s computers and devices via the Internet. Given the rapid use of cloud computing across various industries, the education sector was unlikely to remain untouched for long. In fact, the sector is one of the most disruptive use-cases of technology today and has witnessed several large-scale transformations in the way learning is delivered.

Online Exam Software Market, By Organization Type

• Large Enterprises
• Small, and Medium Enterprises (SMEs)

On the basis of Organization Type, the Global Online Exam Software Market has been segmented into Large Enterprises, Small, and Medium Enterprises (SMEs). Large Enterprises accounted for the largest market share and is projected to grow at a CAGR of 8.51% during the forecast period. Large enterprises typically consist of over a thousand employees and generally have a wider scope of company locations. These kinds of enterprises have a huge corporate network and several network revenues streams. Large enterprises usually control complex systems and software. The number of employees in an organization is one of the most distinguishing factors that segregate large enterprises from small and medium-sized organizations. In large enterprises, the number of exam takers is normally higher than SMEs.

Online Exam Software Market, By Software Type

• Remote/Online Assessment Software
• Question Paper Management Software
• On Screen Marking Software
• Others

On the basis of Software Type, the Global Online Exam Software Market has been segmented into Remote/Online Assessment Software, Question Paper Management Software, On Screen Marking Software, Others. Remote/Online Assessment Software accounted for the largest market share and is projected to grow at the highest CAGR of 9.91% during the forecast period. The current ongoing health crisis has forced everyone to relocate their academics, talent tests, and certificates online. Because it’s known how long online studies, training, and examinations will continue, corporate organizations, schools, colleges, and universities are using online proctoring software to make online assessments more manageable. Proctoring means, a process of invigilating an examination. A ‘proctor’ is a person who acts as a supervisor during an exam and ‘proctoring’ means supervising an examination or test of students and candidates. During a physical examination, a teacher/supervisor is physically present around the students/candidates while they give an exam.

Online Exam Software Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

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On the basis of regional analysis, the Global Online Exam Software Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share and is projected to grow at a CAGR of 9.43% during the forecast period. The US is a frontrunner when it comes to the development/adoption of any technology, product/service, not just in North America, but also at a global level. Thus, cloud technology is becoming increasingly popular in the country and is being used by various industries. However, some of the industries have reached a saturation level in the country, while it is developing in other regions such as the Asia Pacific and Latin America. According to GRE Worldwide Test Takers Report, approximately 286,461 students took GRE General Test around the world is from the United States in 2020, the largest at a global level. The increasing adoption of the internet in the US education sector has primarily driven the online exam software market in North America.

Key Players

The “Global Online Exam Software Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Examsoft, Conduct Exam Technologies LLP, Ginger Webs Pvt. Ltd., Proprofs.Com, Edbase, Easy Lms (Quizworks B.V.), Quizcv, Testment, Onlinequizbuilder, Go4ready, and others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• Leading assessment platform ExamSoft, part of the Turnitin family, announced the acquisition of iSchoolConnect’s (iSC’s) proctoring and assessment technology to help institutions efficiently conduct and uphold the integrity of remote online assessments

• ExamSoft announced a new product line-up aimed to create a fair and secure testing environment for every student, teacher, and institution. Through a combination of strategic partnerships and the recent acquisition of UK based Liftupp, the Dallas-based company is providing an educational experience

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