The latest Online Exam Proctoring Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring) and End User (Schools & Universities, Enterprises, and Government), The online exam proctoring market is valued at US$ 706.23 million in 2022 and is expected to reach US$ 1,742.95 million by 2028; it is estimated to grow at a CAGR of 16.2% from 2022 to 2028.
Online exam proctoring or online video test proctoring solutions help observe a candidate during an online test by using a webcam and mic and accessing the candidate’s screen. Generally, there are three types of proctoring live online proctoring, recorded proctoring, and advanced automated proctoring. Factors such as the rise in demand for e-learning platforms, reduction in high costs of proctored assessment centers, and reduction in time and money of learners are driving the growth of the online exam proctoring market during the forecast period. Proctoring is important in ensuring the credibility and authenticity of any exam and its result. The growth of online exams and assessments has propelled the demand for online exam proctoring.
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The Major Players in the Online Exam Proctoring Market.
- Examity, Inc.
- Honorlock Inc.
- Inspera AS
- ProctorEdu LLC
- Meazure Inc.
- PSI Services LLC
- Talview Inc.
Tremendous Growth in E-Learning Boosts Demand for Online Exam Proctoring Market Growth
E-learning is broadly used in higher educational institutions and corporations; it is also progressively being adopted in K-12 institutions. The flexibility and robust functionality of online learning allow users to complete courses virtually and stay engaged continuously. The e-learning platforms provide flexibility to students and education providers, which propels the demand for online courses. The adoption of e-learning is growing rapidly due to the rise in preference for online courses and learning and high internet penetration. These solutions also provide greater accessibility and cost-effective and convenient operations. Moreover, the COVID-19 pandemic has given an unexpected boost to e-learning platforms. With the increased demand for e-learning, online exam proctoring has become a significant solution for all end-users. Therefore, the rise in the number of e-learning administrators integrating online proctoring into their performance assessment processes drives the online exam proctoring market growth.
Type-Based Market Insights
Based on type, the online exam proctoring market is bifurcated into advanced automated proctoring, recorded proctoring, and live online proctoring. The live online proctoring segment accounted for the largest online exam proctoring market share in 2021. The live proctors guide the test takers via multi-factor identity verification, exam launch, and environment security scans. In live online proctoring, prohibited materials can be removed before the exam. Talview, Inc.; Examity, Inc.; and other companies provide live online proctoring for critical certifications, high-stakes exams, and pre-employment screening.
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Online Exam Proctoring Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America
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