LONDON--(BUSINESS WIRE)--Sep 11, 2018-- analysts forecast the global higher education testing and assessment market to grow at a CAGR of close to 5% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the global higher education testing and assessment market from 2018-2022. (Graphic: Business Wire)
The increasing adoption of digital badges is one of the major trends being witnessed in the . Many higher education institutions are adopting digital badges in their assessment methodologies. Digital badges are a graphical representation of the performance of people. They are a validated indicator of the accomplishment, skill, and quality of students in both academic and non-academic learning environments. Using digital badges, schools and universities can measure and quantify the skill levels of students and their achievements.
According to Technavio analysts, one of the key factors contributing to the growth of the global higher education testing and assessment market is the transition of educational institutions to formative assessment:
Global higher education testing and assessment market: Transition of educational institutions to formative assessment
Several educational institutions have shifted from traditional summative assessments to formative assessments in the past few years. Formative assessments assess students based on strategic questioning, projects, questionnaires, quizzes, and other such techniques. The use of formative assessment improves the performance of students and the interaction between students and faculties. Hence, it is considered an integral part of effective learning.
According to a senior analyst at Technavio for research on K12 and higher education, “Several initiatives such as the Re-engineering Assessment Practices encourage the adoption of formative assessments. For instance, the University of Edinburgh devised the principle of good formative assessment under REAP. The project supports the use of formative assessment techniques in higher education. It enables students to monitor, self-direct, and manage their learning.”
Global higher education testing and assessment market: Segmentation analysis
The global higher education testing and assessment market research report provides market segmentation by product (academic and non-academic), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the academic segment held the largest market share in 2017, contributing to around 74% of the market. This product segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for more than 47% share. It was followed by EMEA and APAC, respectively. The Americas will continue to dominate the market during the forecast period.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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INDUSTRY KEYWORD: EDUCATION UNIVERSITY OTHER EDUCATION TECHNOLOGY DATA MANAGEMENT SOFTWARE
SOURCE: Technavio Research
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PUB: 09/11/2018 03:17 PM/DISC: 09/11/2018 03:17 PM