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Press Release:

Global Test Preparation Market to Grow at 6% During 2022-2027, Catalyzed by Escalating Demand for Skilled Workforce in the Service Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Test Preparation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global test preparation market is expected to exhibit a CAGR of 6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A test preparation, or exam preparation, refers to an educational training given to enhance test-takers' performance on standardized tests. Several test developers have introduced numerous solutions, including practice papers, crash courses, class curricula, mock tests, in-person or online tutoring packages, etc. These solutions aim to develop test-takers' skills and abilities through practice and exposure to the problems that resemble the actual test. As a result, test preparation is widely adopted for elementary exams, competitive exams, certification exams, high school exams, university exams, etc.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The rising demand for test preparation solutions can be primarily attributed to the growing focus of graduates on enhancing their qualifications and skills for better employability. Furthermore, increasing need for skilled workforce in the service sector is propelling the demand for vocational and supplementary training programs. Additionally, the rising internet penetration coupled with the expanding education technology sector, has offered numerous online test preparation courses for the students. This has also led to a growing shift from conventional study groups and practice tests towards online mock tests with built-in guidebooks and applications. Apart from this, the improving economic conditions along with the developing educational infrastructures across countries, such as Vietnam, India, Russia, Nigeria, etc., are also propelling the market growth. Moreover, the increasing popularity of standardized tests, including SAT, TOEFL, GRE, GMAT, etc., is further catalyzing the demand for test preparation solutions. Besides this, the rising penetration of secured digital payment gateways along with the instantaneous results and flexibility offered by test preparation solutions is also augmenting the market growth. In the coming years, the emergence of m-learning methods, including self-assessment solutions along with the integration of AI-based interviews and examinations, is expected to drive the market growth.

The sudden outbreak of the COVID-19 pandemic, in the early 2020, has led to the shutdown of schools and colleges due to the implementation of strict lockdown regulations. As a result, several education institutes are shifting towards online-based test preparation solutions, thereby bolstering the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global test preparation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on exam, end user, learning model and gender.

Breakup by Exam:

 

 
 

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  • University Exams
  • Certification Exams
  • High School Exams
  • Elementary Exams
  • Others
     

Breakup by End User:

  • Post-Secondary Certification
  • K-12
  • College Students
  • Job Seekers
  • Working Professionals
     

Breakup by Learning Model:

  • Blended
  • Online
     

Breakup by Gender:

  • Male
  • Female
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Aakash Educational Services Limited, ArborBridge, Inc., BenchPrep, C2 Educational System, Inc., Club Z! Tutoring, FIITJEE Limited, Huntington Learning Center, Inc., Kaplan, Inc., Pearson Plc, Sylvan Learning, LLC, Think and Learn Private Ltd. (BYJU'S) and TPR Education IP Holdings, LLC (The Princeton Review).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Exam, End User, Learning Model, Gender, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
Companies Covered Aakash Educational Services Limited, ArborBridge, Inc., BenchPrep, C2 Educational System, Inc., Club Z! Tutoring, FIITJEE Limited, Huntington Learning Center, Inc., Kaplan, Inc., Pearson Plc, Sylvan Learning, LLC, Think and Learn Private Ltd. (BYJU'S) and TPR Education IP Holdings, LLC (The Princeton Review)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Test Preparation Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Exam 
    6.1    University Exams
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Certification Exams
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    High School Exams
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Elementary Exams 
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7   Market Breakup by End User
    7.1    Post-Secondary Certification
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    K-12
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    College Students
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Job Seekers
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Working Professionals 
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by Learning Model
    8.1    Blended
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Online
        8.2.1 Market Trends
        8.2.2 Market Forecast
9   Market Breakup by Gender
    9.1    Male
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Female
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Others
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
    14.1    Key Price Indicators
    14.2    Price Structure
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Aakash Educational Services Limited
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
        15.3.2    ArborBridge, Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio 
        15.3.3    BenchPrep
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    C2 Educational System, Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Club Z! Tutoring
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio  
        15.3.6    FIITJEE Limited
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio 
        15.3.7    Huntington Learning Center, Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    Kaplan, Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Pearson Plc
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Sylvan Learning, LLC
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 
        15.3.11    Think and Learn Private Ltd. (BYJU'S)
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    TPR Education IP Holdings, LLC (The Princeton Review)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio 

List of Figures

Figure 1: Global: Test Preparation Market: Major Drivers and Challenges
Figure 2: Global: Test Preparation Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Test Preparation Market: Breakup by Exam (in %), 2021
Figure 4: Global: Test Preparation Market: Breakup by End User (in %), 2021
Figure 5: Global: Test Preparation Market: Breakup by Learning Model (in %), 2021
Figure 6: Global: Test Preparation Market: Breakup by Gender (in %), 2021
Figure 7: Global: Test Preparation Market: Breakup by Region (in %), 2021
Figure 8: Global: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Test Preparation (University Exams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Test Preparation (University Exams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Test Preparation (Certification Exams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Test Preparation (Certification Exams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Test Preparation (High School Exams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Test Preparation (High School Exams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Test Preparation (Elementary Exams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Test Preparation (Elementary Exams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Test Preparation (Other Exams) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Test Preparation (Other Exams) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Test Preparation (Post-Secondary Certification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Test Preparation (Post-Secondary Certification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Test Preparation (K-12) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Test Preparation (K-12) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Test Preparation (College Students) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Test Preparation (College Students) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Test Preparation (Job Seekers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Test Preparation (Job Seekers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Test Preparation (Working Professionals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Test Preparation (Working Professionals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Test Preparation (Blended) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Test Preparation (Blended) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Test Preparation (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Test Preparation (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Test Preparation (Male) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Test Preparation (Male) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Test Preparation (Female) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Test Preparation (Female) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Canada: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Canada: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia Pacific: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia Pacific: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: China: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: China: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Japan: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Japan: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: India: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: India: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: South Korea: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: South Korea: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Australia: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Australia: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Indonesia: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Indonesia: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Europe: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Europe: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Germany: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Germany: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: France: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: France: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: United Kingdom: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: United Kingdom: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Italy: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Italy: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Spain: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Spain: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Russia: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Russia: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Latin America: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Latin America: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Brazil: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Brazil: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Mexico: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Mexico: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Others: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Others: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Middle East and Africa: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Middle East and Africa: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Turkey: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Turkey: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Saudi Arabia: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Saudi Arabia: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Others: Test Preparation Market: Sales Value (in Million US$), 2016 & 2021
Figure 90: Others: Test Preparation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 91: Global: Test Preparation Industry: SWOT Analysis
Figure 92: Global: Test Preparation Industry: Value Chain Analysis
Figure 93: Global: Test Preparation Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Test Preparation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Test Preparation Market Forecast: Breakup by Exam (in Million US$), 2022-2027
Table 3: Global: Test Preparation Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 4: Global: Test Preparation Market Forecast: Breakup by Learning Model (in Million US$), 2022-2027
Table 5: Global: Test Preparation Market Forecast: Breakup by Gender (in Million US$), 2022-2027
Table 6: Global: Test Preparation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Test Preparation Market: Competitive Structure
Table 8: Global: Test Preparation Market: Key Players


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Key Questions Answered in This Report

We expect the global test preparation market to exhibit a CAGR of 6% during 2022-2027.

The expanding education technology sector, coupled with the increasing focus among graduates on
enhancing their qualifications and skills for better employability, is primarily driving the global test
preparation market.

The sudden outbreak of the COVID-19 pandemic has led to a growing shift from conventional study
groups and practice tests towards online mock tests with built-in guidebooks, applications, secure digital
payment gateways, etc., to combat the spread of the coronavirus infection.

Based on the exam, the global test preparation market has been segmented into university exams,
certification exams, high school exams, elementary exams, and others. Currently, university exams hold
the majority of the total market share.

Based on the end user, the global test preparation market can be divided into post-secondary
certification, K-12, college students, job seekers, and working professionals. Among these, K-12
currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global test preparation market include Aakash Educational Services
Limited, ArborBridge, Inc., BenchPrep, C2 Educational System, Inc., Club Z! Tutoring, FIITJEE Limited,
Huntington Learning Center, Inc., Kaplan, Inc., Pearson Plc, Sylvan Learning, LLC, Think and Learn Private
Ltd. (BYJU'S), and TPR Education IP Holdings, LLC (The Princeton Review).

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