Global Market Research Reports : Ken Research: India Test Preparation Market Growth Rate

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Wednesday, August 31, 2022

India Test Preparation Market Development, By Type of Course and By Type of Undergraduate Test Prep: Ken Research

The test preparation connects to tools specific to the educational courses, educational material, services of toturing or e-learning which improved the functioning or aptitude of students on the consistent tests. Students are procuring test preparation services and programs to improve their performance in academic and non-academic examinations. With respect to growth in the demand for test preparation products, the providers have made transformation in their marketing and delivery services to augment the student acquisition rates. The growing incorporation of AI in tutoring services is recognised as one of the primary growth aspects for this market.

According to the report analysis, ‘India Test Preparation Outlook to 2025 By Type of Course (Under-Graduate, Post-Graduate and Job-Based), By Type of Undergraduate Test Prep (Medical, Engineering, Architecture, Cost Accounting and CA Foundation, SAT, Law and Other UG Entrances), By Type of Postgraduate Test Prep (Commerce, Engineering, Management and Others) and By Job-Based Test Prep (Banking & Insurance, Civil Services, SSC, Railways and Others)” states that the test preparation landscape in the complete industry sense is at a mature stage, while the online test preparation segment is at a growth stage. Growth in the online segment is sturdily outpacing growth in the complete test prep segment, with the former augmenting at a CAGR (Compounded Annual Growth Rate) of 57.4% with the latter rising at 9.1% over 2015-2020. Key aspects accountable for growth of the online segment is broader access to internet and smartphones, the nonexistence of quality coaching centers in Tier-2 and Tier-3 regions of the country, vigorous investment flow in the education technology space and advanced technologies enabling the increased reach of learning.

Competition landscape is bifurcated amongst the offline center-based players and online test preparation market players in the industry. While offline test preparation companies account in terms of market share owing to their massive history and preference amongst students, online test preparation substitutions have been fast increasing into a viable solution, powered by growing adoption from Tier-2, Tier-3 and Tier-4 towns. Online test preparation sector is undertaking a 5% share in the whole test preparation industry as of now, and is anticipated to grow quickly to increase penetration country-wide during the years to come. Players in the space distinguish across test preparation categories and product offerings, making the competition structure in the test preparation industry moderately fragmented.

In addition, one of the foremost aspects propelling growth in the test preparation market in India is the growing number of enrolments in the test preparation courses. One of the foremost aspects catering to the growth of the market is the growing number of student enrolments in the test preparation market owing to the growing student competition along with the proficient deduction in the test pass percentage in the competitive exams. Therefore, students are continuously opting for the test preparation courses to boost up their chances to clear competitive exams. Therefore, it is predicted that during the near future the market of test preparation will augment more proficiently around the globe.

Key Segments Covered:-

Type of Course (Under-Graduate, Post-Graduate and Job-Based)

Type of Undergraduate Test Prep (Medical, Engineering, Architecture, Cost Accounting and CA Foundation, SAT, Law and Other UG Entrances)

Type of Postgraduate Test Prep (Commerce, Engineering, Management and Others)

Type of Job-Based Test Prep (Banking & Insurance, Civil Services, SSC, Railways and Others)

Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NDQ0MzEx

Test Preparation Companies Covered:-

BYJU’s

Unacademy

Testbook

Vedantu

Toppr

Gradeup

Oliveboard

Adda 247

Doubtnut

Aakash Educational Services

Key Target Audience:-

Offline Test Preparation Companies

Online Test Preparation Companies

Educational Industry Associations

Ed-Tech Companies

Ministry of Education, India

Venture Capital and Private Equity firms

Time Period Captured in the Report:-

Historical Period: 2015-2020

Forecast Period: 2020-2025

For More Information on the research report, refer to below link:-

India Test Preparation Market

Related Reports:-

Malaysia Education Market Outlook to 2023 - By K-12 Education, Higher Education, Test-Preparation Education and Vocational Education

Vietnam E-Learning Market Outlook to 2023 – Driven by Rising Adoption of Smartclasses, E-books in Schools and MOOCs and Smart Authoring Tools in Corporate Training and Test Preparation Segment

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Tuesday, August 30, 2022

India Test Preparation Market, Industry Growth Rate, Sales, Revenue and Outlook to 2025: Ken Research

Test Preparation related to tools precise to education courses, tutoring services, e-learning, or educational material which improves the performance of the students on consistent tests. Tests involve the entrance examination for admission to the institutions of higher education, likewise college, business school, law school, medical school, and graduate school.

Report Analysis

According to the report analysis, ‘India Test Preparation Outlook to 2025 By Type of Course (Under-Graduate, Post-Graduate and Job-Based), By Type of Undergraduate Test Prep (Medical, Engineering, Architecture, Cost Accounting and CA Foundation, SAT, Law and Other UG Entrances), By Type of Postgraduate Test Prep (Commerce, Engineering, Management and Others) and By Job-Based Test Prep (Banking & Insurance, Civil Services, SSC, Railways and Others)’ states that the test preparation landscape in the complete industry sense is in a mature stage, while the online test preparation sector is in a growth stage. Growth in the online segment is powerfully outpacing growth in the complete test prep segment, with the former increasing at a CAGR (Compounded Annual Growth Rate) of 57.4% with the latter augmenting at 9.1% over 2015-2020. Key aspects responsible for growth of the online segment is broader access to internet and smartphones, the shortage of quality coaching centers in Tier-2 and Tier-3 regions of the country, speedy investment flow in the education technology space and improved technologies enabling the increased reach of learning.

Market Segmentation

The test preparation category leading the Indian market is the Under-Graduate segment, commonly registered by Medical and Engineering entrance exams. The second greatest category in the space is the Job-Based segment which is greatly registered by Banking, Insurance, Civil Services, SSC and Railways exams. A great section of these exams is provided by aspirants in Tier-2 and Tier-3 cities. Next comes the Post-Graduate segment which involves Commerce, Finance and Accountancy exams along with the Engineering (GATE exam) and Management entrance exams.

Competitive Landscape

Competition landscape is divided amongst offline center-based players and online test preparation companies in the industry. While the offline test preparation companies register in terms of market share owing to their massive history and preference amongst students, online test preparation alternatives have been fast increasing into a viable solution, powered by augmenting adoption from Tier-2, Tier-3 and Tier-4 towns. Online test preparation sector is undertaking a 5% share in the complete test preparation industry as of now, and is predicted to grow rapidly to augment penetration country-wide in the years to come. Players in the space discriminate across test preparation categories and product offerings, making the competition structure in the test preparation industry temperately fragmented.

Future Outlook

The test preparation market in India is predicted to augment on the back of burgeoning investor interest in online test preparation companies, growing internet penetration in Tier-2 and Tier-3 cities and advanced technologies enabling offline test preparation companies to launch online platforms. Test preparation market revenues are predicted to augment at a CAGR of 9.3% over 2020-2025, led by the online test preparation segment which is predicted to grow at a CAGR of 42.3% over the same duration.