English Proficiency Test Market Overview:
This study's purpose is to give an overview of the English Proficiency Test Market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major English Proficiency Test companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Global English Proficiency Test market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into English Proficiency Test Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole English Proficiency Test Market Size from a worldwide standpoint, evaluating historical data and forecasts.
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English Proficiency Test Market Scope:
The report also focuses on the leading industry players in the Global English Proficiency Test market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
English Proficiency Test Market Drivers:
An increasing trend among the Asian students to enrol themselves in universities located in the western countries for higher education including post-graduation is expected to drive the growth of the English Proficiency Test Market. Majority of the candidates from Asian countries especially India and China enroll themselves for Test of English as a Foreign Language (TOEFL), International English Language Testing System (IELTS), and Test of English for International Communication (TOEIC), among others. The Test of English as a Foreign Language (TOEFL), International English Language Testing System (IELTS) are the tests conducted to asses a non-native candidate’s English fluency level. Pertaining to the fact that, these examinations and the universities and schools which accept these examinations qualified students, require proper English speaking and writing skills. This factor is expected to increase the demand for English proficiency test among students, further driving the growth of the English Proficiency Test Market.
The internationalisation of higher education, as well as a more mobile global workforce, is driving demand for English proficiency examinations for international migration and higher education. For example, due to the COVID-19 pandemic, as many as 2,59,655 Indian students travelled overseas in 2020, compared to 5,86,337 in 2019. With reduced travel restrictions, the number grew to 4,44,553 in 2021, with up to 2,45,601 students enrolling at overseas colleges in the first half of 2022. The number of Indian students studying abroad is expected to skyrocket, reaching 1.8 million by 2024, with total spending expected to range between USD 75 and USD 85 billion. With the pandemic's influence fading, the number of students pursuing higher education overseas has increased, and one of the first stages for them, as is customary, is the English proficiency exam, such as the IELTS and TOEFL iBT tests.
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English Proficiency Test Market Segmentation:
by Testing System
• IELTS
• TOEFL
• Others
by Application
• Graduates/ Undergraduates
• Employers
• Others
by Mode of Test
• Online
• Offline
English Proficiency Test Market Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the English Proficiency Test market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide English Proficiency Test industry.
• 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
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the English Proficiency Test market in these regions.
COVID-19 Impact Analysis on English Proficiency Test Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19's impact on the English Proficiency Test market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the English Proficiency Test Market Report are:
- What will be the CAGR of the English Proficiency Test market during the forecast period?
- Which segment emerged as the leading segment in the English Proficiency Test market?
- Which are the prominent players in the English Proficiency Test market?
- What will be the English Proficiency Test market size by 2027?
- Which company held the largest share in the English Proficiency Test market?
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