Test Preparation Market is Projected to Cross Over CAGR above 5% from 2017-2021

The global test preparation market in the U.S. is estimated to accumulate high revenue  by 2021, according to a report on Radiant Insights, Inc. It is projected to expand at a CAGR above 5% from 2017 to 2021 (forecast period). It is expected to expand owing to increasing incorporation of artificial intelligence in tutoring services. Need for private tutoring in the U.S. may invite investments from many companies looking to benefit from this lucrative market.

Test preparations encompass learning tools, educational courses, and tutoring services designed to increase performance of students in exams .Latest online systems are a combination of machine learning technologies that can interact with students without the need of a teacher. They can even identify complex human responses and assess students on the basis of their performance. Major tests that need preparation include American College Testing (ACT), Scholastic Aptitude Test (SAT), and Medical College Admission Test (MCAT).

Download sample Copy of This Report at: https://www.radiantinsights.com/research/test-preparation-market-in-the-us-2017-2021/request-sample

Mobile learning (m-learning) is a major trend within the market due to increased penetration of smart phones and laptops. Companies encouraging test preparation are launching mobile-friendly versions of their websites and learning courses to attract a wider consumer base. For instance, Pearson Education has decided to partner with Duo Lingo to help design foreign language courses for university and college students. The gami fication feature is expected to increase test scores and spark interest among students.

Click For Report Details @ https://www.radiantinsights.com/research/test-preparation-market-in-the-us-2017-2021

The worldwide test preparation market focusing on the U.S. is segmented by product, learning model, and end user. Products in the market include elementary, high school, certification, university, and other exams. The university exams segment accounted for a majority of the market in 2016. This can be attributed to need for passing of certain tests to gain entry into prestigious universities. Number of international students enrolling for U.S. graduate programs can also attest for this segment’s growth. Low expendable income and high unemployment rates across the U.S. due to the recession in 2008 had impeded market growth. However, numbers are predicted to pick up due to the promise of entry into prestigious universities.

Learning models comprise blended and online. The blended learning model segment had acquired a lion’s share inthe market in 2016. This can be attributed to integration of the blended model in all learning courses to enhance learning prowess of students.

On the basis of end users, the market is bifurcated into K-12 and higher education. Both of these segments are expected to exhibit healthy growth rates in the forthcoming years. The K-12 segment had a market value of more than USD 8 billion in 2016.

Key market players include Kaplan, Inc.; Arbor Bridge; Club Z! In-Home Tutoring Services; The Princeton Review; and Pearson Education. Partnerships and collaborations are strategies used by these players to acquire a major share in the market. Arbor Bridge agreed to a merger with Launch Education Group under a single umbrella group, Arbor Bridge, in 2014. This strategic move is expected to gain the company a larger consumer base and wider exposure.

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

For More Information, Visit Radiant Insights

Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com    
Blog URL: http://www.radiantinsightsinc.blogspot.com