Test Preparation Market in India: Discover Top Segments, Trends, Drivers, and Challenges
The test preparation market size in India is expected to grow up to USD 9.07 billion, accelerating at a CAGR of 15.02% during the forecast period. The rising number of enrollments in test preparation courses is driving the test preparation market growth in India. Technavio’s research report traces the growth trajectory of the market and provides a detailed test preparation market analysis in India with the prevalent market forces, trends, and drivers which are likely to impact the market in focus. Unlock Sample Analysis Report
Test Preparation Market In India: Market Segments and Growth Forecasts
The report on the test preparation market research in India will provide insights into the current market share of each segment along with growth projections for the next five years.
- The test preparation market in India is segmented by Product (University exams, Certification exams, High school exams, Elementary exams, and Other exams) and End User (Post secondary and K 12).
- The major university exams in India sought by students include various standardized exams specific to certain industries, such as engineering, management, science, computer applications, pharmacy, and law. Hence, the test preparation market growth in India by the university exams segment will be significant during the forecast period.
- Each market segment is analyzed for past performance leading to future growth projections based on the current market scenario. The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the test preparation market in India share.
Test Preparation Market In India: Trends, Drivers, Challenges to impact growth
The report also offers a detailed impact analysis of various test preparation market trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- The rising number of enrollments in test preparation courses is one of the key drivers for the test preparation market In India.
- Another factor that will boost the market will be the increase in number of startups.
- Increasing competition from private tutors is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.
Test Preparation Market In India: Vendor Analysis
- The market is fragmented.
- The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
- Aakash Educational Services Ltd., Bansal Classes Kota, CL Educate Ltd., FIITJEE Ltd., Kaplan Inc., Pearson Plc, Testbook Edu Solutions Pvt Ltd, Think and Learn Pvt. Ltd., Toppr Technologies Pvt. Ltd., and Triumphant Institute Of Management Education Pvt. Ltd. are some of the major test preparation market vendors in India
Download the PDF Sample Report. The custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of 15.02%.
- What is the incremental growth of the market?
The market is expected to grow up to USD 9.07 billion through 2021-2026.
- What is a key factor driving this market?
The rising number of enrollments in test preparation courses will drive market growth over the forecast period.
- Who are the leading market vendors?
The leading vendors in this market are Aakash Educational Services Ltd., Bansal Classes Kota, CL Educate Ltd., FIITJEE Ltd., Kaplan Inc., Pearson Plc, Testbook Edu Solutions Pvt Ltd, Think and Learn Pvt. Ltd., Toppr Technologies Pvt. Ltd., and Triumphant Institute Of Management Education Pvt. Ltd.
