Online Exam Proctoring Market is Projected to Reach USD 915.6 Million by 2027, Growing at a CAGR of 18.1% During 2021-2027

According to BlueWeave Consulting, the global online exam proctoring market is estimated to have reached USD 398.3 million in 2020 and is further projected to reach USD 915.6 million by 2027, growing at a CAGR of 18.1% during 2021-2027 (forecast period). Online Exam Proctoring enables students to write a test online in a remote location. This is done while maintaining the integrity of the test. Students must confirm their identity and they may be monitored through video. This video is then used to flag any irregular student behavior. Online proctoring has surged during the coronavirus pandemic, and so too have concerns about the practice, in which students take exams. This leading to a rise in market growth.

Growing advanced technology supporting online exam proctoring

The growing newly advanced technology has been leading to significant growth in the online proctoring market. The candidates from remote areas are currently working via online proctoring technology is lending credibility to assessments. The advanced proctoring solution combines the power of our automated proctoring along with human monitoring and intervention. It also lets you monitor exams and intervene in real-time with an easy and effective one-on-one chat between the candidate and proctor. This robust proctoring software is sophisticated, and the human proctors are well-trained having undergone intensive training sessions.

Ongoing COVID-19 Pandemic is to drive the growth of the Online Exam Proctoring market

Online exam proctoring has surged amid COVID-19 as the institutions are currently considering digital solutions for the exams which would enable them to serve the community better and provide new opportunities to do business. Hence, online exam proctoring is growing rapidly in the current scenarios. As the institutions have been shut down for months due to coronavirus outbreaks across the world. The Various academic institutes and universities are trying to adapt this technology to complete academic years for schools, colleges, or higher education segments and the exams can be done by online exam proctoring.

Online Exam Proctoring is costly for Institutions

The online exam proctoring has some major drawbacks such as the proctor must be present at every session. Also, it is often a more costly solution for institutions. In general, in many live proctoring scenarios, only a single proctor monitors several students at a time. 

Global Online Exam Proctoring Market: Regional insights

North America catering the largest share and expected to witness significant growth in the online exam proctoring market during the forecast period. The high industry growth rate, with the emergence of new technology, is the major reason. The key providers are continuously upgrading their offerings to differentiate them from other competitors. This is achieved by various organic and inorganic strategies. Suppliers operating in the industry are continuously working on new development, technical expertise, and in-house capabilities. High opportunity makes the Online Exam Proctoring market more competitive and suppliers are trying hard to capture the clients. The market is highly acceptable to innovative products, however, considering the risks involved in business continuity implementers are still considering brand over new offerings in the market.

Global Online Exam Proctoring Product Market: Competitive Landscape

The leading players for the global Online Exam Proctoring product market include, Kryterion, Proctorio, Talview, ProctorU, Comprobo, TestReach, SMOWL, PSI Online, ProctorExam, PearsonVue, Prometric, Biomids Persistent Proctor, ProctorTrack, BTL, Mercer-Mettl, Verificient, Examity, ProctorEdu, VoiceProctor, Smarter Services, Inspera, Gauge Online and others, are expanding their presence in the market by implementing various business strategies.

Don’t miss the business opportunity of the Online Exam Proctoring market. Consult our analyst, gain crucial insights, and facilitate your business growth. 

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global Online Exam Proctoring market size & forecast. The report promises to provide recent technology trends of the Online Exam Proctoring market and industry insights that help decision-makers to make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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