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English Proficiency Test Market Overview
The English Proficiency Test market was valued at $1440.70 Million in the year 2018. Asia Pacific Market was estimated as the largest market region and is expected to uphold its position during the forecast period. This is mainly due to the growth in the number of candidates studying abroad, rise in disposable income, and surge in awareness among the candidates about the conduction of the proficiency Tests paired with employment opportunities abroad.
Proficiency in English is generally defined as a combination of skills that includes reading, writing, listening, and speaking. These skills can be measured using standardized and internationally recognized tests such as the TOEFL (Test of English as a Foreign Language) or the IELTS (International English Testing System), which are generally marked on a band score.
Growing need of the candidates to speak English in order to grab hold of several opportunities, cumulative globalization, rising demand for English proficiency Test certificates by the multinational firms from the employees, growing economic diversification, rising immigration and international students in the foreign academies, increasing training programs by the companies for the employees, and rising awareness among people for English assessment are anticipated to offer lucrative opportunities for growth of the market during the forecast period. Furthermore, increase in the need to display the learned skills by the candidates is also contributing to the growth rate of the global English Proficiency Test market.
The global English proficiency test market is analyzed and segmented based on testing systems and applications. By testing systems, the market is categorized into IELTS, TOEFL, and others. By application, the market is segmented into graduates/undergraduates, employers, and others. Moreover, based on region the market is evaluated across North America, Europe, APAC, and ROW and by country, it is studied across the U.S., Canada, India, China for the historical period of 2017-2018 and the forecast period of 2019-2024.
Key Benefits for Stakeholders:
This study presents the analytical depiction of the global English proficiency test market along with the current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2019 to 2024 to highlight the financial competency of the industry.
SWOT Analysis to identify the strengths, weakness, and risks in the industry is presented in the report.
Porter’s five forces analysis to illustrate the potency of the buyers and suppliers of the market is also provided in the report.
Key Market Segments:
By Testing System:
IELTS
TOEFL
Others
By Application:
Graduates/ undergraduates
Employers
Others
By Region:
North America
Europe
APAC
ROW
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