Technavio has been monitoring the test preparation market in US and it is poised to grow by USD 10.72 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Test Preparation Market in US 2020-2024 (Graphic: Business Wire)
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.
Frequently Asked Questions-
1. What was the value of the test preparation market in US in 2019?
A. Technavio says that the value of market was at USD 30.60 billion in 2019 and is projected to reach USD 41.32 billion by 2024.
2. At what rate is the market projected to grow during the forecast period 2020-2024?
A. Growing at a CAGR of over 6%, the market growth will accelerate during the forecast period.
3. Which is the leading segment in the market?
A. Based on the product, the university exams segment is expected to be the leading segment in the market during the forecast period.
4. What is the key factor driving the market?
A. Technological advances in test preparation services and the use of analytical tools are among the key factors driving the market growth.
5. Who are the top players in the market?
A. ArborBridge Inc., Cengage Learning Holdings II Inc., Club Z! Inc., Edgenuity Inc., Instructure Inc., Kaplan Inc., McGraw-Hill Education Inc. are some of the major market participants.
6. Which segment is expected to hold the largest market share?
A. University Exam
The use of analytical tools in test preparations will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Use of analytical tools in test preparations has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Test Preparation Market in US 2020-2024: Segmentation
Test Preparation Market in US is segmented as below:
High School Exams
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Test Preparation Market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The test preparation market in US report covers the following areas:
Test Preparation Market in US Size
Test Preparation Market in US Trends
Test Preparation Market in US Industry Analysis
This study identifies technological advances in test preparation services as one of the prime reasons driving the test preparation market growth in US growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Test Preparation Market in US 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist test preparation market growth in US growth during the next five years
Estimation of the test preparation market size in US and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the test preparation market in US
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of test preparation market vendors in US
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
University exams - Market size and forecast 2019-2024
Certifications exams - Market size and forecast 2019-2024
High school Exams - Market size and forecast 2019-2024
Elementary exams - Market size and forecast 2019-2024
Other exams - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Comparison by End-user
Higher Education - Market size and forecast 2019-2024
K-12 - Market size and forecast 2019-2024
Market opportunity by End-user
Market Segmentation by Learning Model
Comparison by Learning Model
Blended - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Learning Model
Volume driver – Demand led growth
Market positioning of vendors
Cengage Learning Holdings II Inc.
Club Z! Inc.
McGraw-Hill Education Inc.
Providence Equity Partners LLC
TPR Education IP Holdings LLC
Scope of the report
Currency conversion rates for US$
List of abbreviations
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