English Proficiency Test Market was valued at USD 1703.40 Million in 2021, and is expected to reach USD 3235.55 Million by 2029, exhibiting a CAGR of 8.35% during the forecast period (2022-2029)
English Proficiency Test Market Overview:
This English Proficiency Test Market study looks at current and emerging industry trends and dynamics in the global English Proficiency Test market. English Proficiency Test Extensive market forecasting for the major market segments is carried out between 2022 and 2029. Extensive English Proficiency Test market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide English Proficiency Test market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present English Proficiency Test market landscape, as well as the most recent trends and drivers, as well as an overview of the entire English Proficiency Test market environment. Increased demand for English Proficiency Test is driving the market. The English Proficiency Test market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
The English Proficiency Test market is divided into IELTS, TOEFL, and Others categories based on type. At 47.1% of the market, the IELTS category had the biggest share in 2021. One well-known English language exam for employment, education, and immigration is the International English Language Testing System (IELTS). The exam assesses a candidate’s proficiency in four areas related to the English language: speaking, reading, writing, and listening. Additionally, candidates have the option to choose between the Academic and General Training exam versions. While General Training IELTS is utilized for professional and immigration purposes, Academic IELTS is required for admission to universities or colleges.
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The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
• Berlitz Corporation
• EF Education First
• Pearson ELT
• Talk English International, Inc.
• ETS
• New Oriental Education & Technology Group Inc.
• British Council
• McGraw Hill Education
• Transparent Language
• Wall Street English
• Cambridge Assessment English
• Voxy
• Global Education Group Inc.
• Houghton Mifflin Harcourt
• Sanako Corporation
• Inlingua International
• Vipkid
• New Channel International Education Group
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the English Proficiency Test market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on English Proficiency Test Market:
The COVID-19 epidemic has had a significant impact on the global English Proficiency Test industry. English Proficiency Test Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the English Proficiency Test market to decelerate in 2020. The negative impact of COVID-19 on the English Proficiency Test market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2022, owing to increased demand for English Proficiency Test.
Key Questions Answered in the English Proficiency Test Market Report are:
- Which segment was responsible for the largest share in the English Proficiency Test market?
- How was the competitive scenario of the English Proficiency Test market in 2022?
- Which are the key factors responsible for the English Proficiency Test market growth?
- Which region held the maximum share in the English Proficiency Test market in 2022?
