What is English Proficiency Test?
The English proficiency test is the examination given after the improved and better understanding of the English language including reading and writing. English is considered as a Foreign Language IELTS and TOEFL is probably considered the best-known and most commonly used English proficiency test. Out of which IELTS is highly recognized by American universities. The market is expecting slow growth with the prevailing economic conditions, but the market is still driven by the student who wants to study abroad.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | British Council (United Kingdom), Educational Testing Service (United States), Cambridge Assessment English (United Kingdom), IDP Education (Australia), Duolingo (United States), Inlingua International Ltd. (Switzerland), McGraw-Hill Education (United States), Pearson ELT (United Kingdom), SANAKO (Finland), Berlitz Corporation (United States), EF Education First, Transparent Language, Inc. and Prometric |
CAGR | 10.2% |
The study covers a detailed analysis segmented by key business segments i.e. by type (Blended learning, Online learning and Classroom learning) , by application (Students [Graduates, Undergraduates], Employees or Professional and Others) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this English Proficiency Test market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are British Council (United Kingdom), Educational Testing Service (United States), Cambridge Assessment English (United Kingdom), IDP Education (Australia), Duolingo (United States), Inlingua International Ltd. (Switzerland), McGraw-Hill Education (United States), Pearson ELT (United Kingdom), SANAKO (Finland), Berlitz Corporation (United States), EF Education First, Transparent Language, Inc. and Prometric.
Market Overview:
In January 2024, ETS announces acquisition of testing company PSI. This is an important milestone for ETS as we forge ahead into the workforce development space to become the trusted source to measure, certify and license skills and demonstrate progress
Bargaining power of quality education institute remains high, however this allows institute to restricts with limited seats to attract best students resulting in brand recognition.
Influencing Trend:
Increasing Awareness of Online Platform and Rise in Enrollment for IELTS English Proficiency Test
Market Growth Drivers:
Growing Number of People who wants to Study in Foreign Countries and Increasing Demand for Proficiency Test for Academic Studies
Challenges:
Difficulty Level of English Proficiency Test is High and High Cost of Investment in the Language Proficiency Institutes for the Required Knowledge for English Proficiency Test
Restraints:
Major Hindrance to the English Proficiency Test Market due to the Prevailing Regulatory Standards in the Prevailing Economic Situation
Opportunities:
Rising Scholarship Programs Worldwide and Demand from the Developing Countries
Key highlights of the Global English Proficiency Test market Study:
CAGR of the market during the forecast period 2023-2030
In-depth information on growth factors that will accelerate the English Proficiency Test market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global English Proficiency Test market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of English Proficiency Test Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global English Proficiency Test market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in English Proficiency Test market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes English Proficiency Test Providers, Industry Associations, Potential Investors, English Learning Institutes, Education Board, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.