Artificial Intelligence
$1.74 Bn, Online Exam Proctoring Market Share to Outstrip at CAGR of 16.2% by 2028 – Exclusive Report by The Insight Partners
New York, Dec. 15, 2022 (GLOBE NEWSWIRE) — New research report released by The Insight Partners, titled Online Exam Proctoring Market Size, Share, Growth, Demand, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type (Advanced Automated Proctoring, Recorded Proctoring, and Live Online Proctoring), End User (Schools and Universities, Enterprises, and Government), and Geography,” the online exam proctoring market size was valued at USD 0.706 Billion in 2022 and is expected to reach USD 1.74 Billion by 2028; it is estimated to grow at a CAGR of 16.2% from 2022 to 2028.
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Global Online Exam Proctoring Market – Report Scope:
| Report Coverage | Details |
| Market Size Value in | USD 0.706 Billion in 2022 |
| Market Size Value by | USD 1.74 Billion by 2028 |
| Growth rate | CAGR of 16.2% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
| No. of Pages | 155 |
| No. of Tables | 62 |
| No. of Charts & Figures | 74 |
| Historical data available | Yes |
| Segments covered | Type, and End User |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, South & Central America |
| Country scope | US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Global Online Exam Proctoring Market: Competitive Landscape and Key Developments
Comprobo; Examity, Inc.; Honorlock Inc.; Inspera AS; Mettl; ProctorEdu LLC; Proctortrack; Meazure Inc.; PSI Services LLC; and Talview Inc. are among the leading online exam proctoring market players profiled in the market report. Several other essential online exam proctoring market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights, which help key players strategize their growth. A few developments are mentioned below:
June 2020, Meazure Inc announced the acquisition of Scantron’s Certification and Licensure Business. The acquisition consists of Scantron’s Certification and Licensure Business’s test center network, related assessment software, psychometrics, exam development, and client services and solutions. Through this acquisition, Meazure stated that Meazure Learning will broaden their offering for professional certification and licensure testing, and it aims for continued growth by augmenting remote proctoring with a scaled global test center network and expanded exam development services.
November 2021, Meazure Inc announced a partnership with Lineup Management Services LLC. Under this partnership, the company provided Meazure’s customers with an enhanced test development solution.
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AI-Based Online Proctoring Solution to Provide Lucrative Opportunities for Online Exam Proctoring Market Growth during (2022-2028)
Artificial Intelligence (AI)-enabled automated proctoring solution excludes the need to have onsite human proctors/invigilators and confirms that there is no impersonation and/or cheating. Using the webcam, the solution monitors the test takers during the exam and warns the users in case of aberrant behavior, – these augments academic integrity and minimizes human biases. Pattern recognition, voice recognition, facial recognition, eye movement detection, plane detection, mouth detection, and other various AI technologies are used for online exam proctoring such as pattern recognition, voice recognition, facial recognition, eye movement detection, plane detection, and mouth detection, among others. AI-based proctoring software detects suspicious noises; unusual body movements; and extra devices, such as phones, tablets, and smartwatches, etc. during the exam time and in the testing area.
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The online exam proctoring market growth in Asia Pacific is projected to witness impressive rates during 2022–2028. The presence of developing economies with steady growth and rising adoption of innovative and advanced technologies makes Asia Pacific the world’s fastest-growing region. Australia, China, Japan, India, and South Korea are among the major contributors to the growth of the market in this region. The swift advancements in technologies, digitalization of economies, and support of governments are a few factors contributing to the smooth evolution of these economies from a developing to a developed stage. Seoul National University, the University of Tokyo, Kyoto University, Osaka University, Australian National University, the University of Queensland, Tsinghua University, the National University of Singapore, the Indian Institute of Science, and the Indian Institute of Technology Bombay are among the top universities present in the region. This generates opportunities for online exam proctoring market players to provide their proctoring solutions and gain traction in the market. One of the major crises of the COVID-19 pandemic is delayed education processes, including examinations and test assessments, and this uncertainty has led to the growth in worry among students about their academics. This scenario provides major impetus to e-learning and digital platforms that ensure continuity in students’ studies and exams away from school or college premises. This swift growth in the e-learning industry has created a demand for online remote proctoring.
Global Online Exam Proctoring Market: Industry Overview
The online exam proctoring market is segmented on the basis of type, end user, and geography. Based on type, the market is segmented into advanced automated proctoring, recorded proctoring, and live online proctoring. In terms of end user, the market is segmented into schools & universities, enterprises, and government. Geographically, the online exam proctoring market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and LATAM.
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Key Findings of the Study:
- Ensuring user data security with data forensics method is one of the major trends in the online exam proctoring market.
- Meazure, Inc.; Proctortrack; Examity, Inc.; Talview Inc.; and PSI Services LLC are the top five key market players operating in the global online exam proctoring market.
- North America dominated the online exam proctoring market in 2021. Rising demand for e-learning and emphasis on efficient learning trigger the development in North America. Rise in the number of online exams and assessments conducted since the past few years. are the crucial factors assisting the market growth over the projected period in North America.
- Tremendous growth in e-learning and cost-effective operations of online exam proctoring augments the growth of the online exam proctoring market.
- AI-based online proctoring solution is creating growth opportunity for the market players operating into the market.
The online exam proctoring market in Europe is growing significantly. Europe comprises developed economies such as Germany, France, and the UK. The governments of these countries have been taking various initiatives to integrate advanced technologies into education services. Owing to the increase in the popularity of online education, in almost all European countries, educational organizations are leveraging ICT. Major renowned educational institutes such as the University of Cambridge, University of Oxford, University College London, ETH Zurich, Imperial College London, University of Edinburgh, University of Bristol, and the University of Manchester are highly inclined toward offering digital education solutions to their students worldwide. All these factors contributing to the online exam proctoring market growth in Europe.
Browse Adjoining Reports:
Online Examination System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Solution, Services); Deployment Type (Cloud, On-premises); End-user (Schools, Colleges and Universities, Corporate, Others) and Geography
Online Exam Software Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Software, Services); Deployment (Cloud, On-Premise); End-Users (Schools, Universities, Corporate, Recruitment Firms, Others) and Geography
E-Learning Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology (Learning Management System LMS, Mobile E-Learning, Rapid E-Learning, Virtual Classroom); Application (Academic, Government, Corporate) and Geography
Synchronous E-learning Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Smartphones, Tablets); Application (Academic Sector, Corporate Sector) and Geography
Learning Management System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment Mode (On-Premise and Cloud), Delivery Mode (Distance Learning, Instructor-Led Training, and Others), and End-User (K-12, Higher Education, and Corporate)
Course Authoring Software Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Deployment (Cloud and On-premise), and End User (Educational Institutes and Enterprises)
Digital Education Market Forecast to 2028 – COVID-19 Impact and Global Analysis by End User (Individual Learners and Academic Institutions, Enterprises and Government Organizations); Learning Type (Self-Paced Online Education, Instructor-Led Online Education); Course Type (Science and Technology Courses, Entrepreneurship and Business Management Courses, Others) and Geography
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Education Technology Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Component (Hardware, Software); End-user (Preschool, K-12, Higher Education, Others) and Geography
Virtual Reality in Education Market Forecast to 2028 – Covid-19 Impact and Global Analysis – by Offerings (Hardware, Software); Device Type (Gesture-Tracking Device, Projector and Display Wall, Head-Mounted Display, Others); Applications (Classroom Learning, Certifications, E-Learning, Others) and Geography
Education Data Security Tools Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Deployment (Cloud-based, On-premises); End User (K-12 school, Institutions) and Geography
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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Artificial Intelligence
Transforming Real Estate: Deka Immobilien and BuildingMinds Join Forces to Create Centralized ESG Data Hub for Carbon Reduction
BERLIN, Oct. 7, 2024 /PRNewswire/ — Deka Immobilien is implementing a central ESG data platform for its entire global real estate portfolio with BuildingMinds, the GRI winner of Proptech of the Year 2024. In the future, all stakeholders, from property and asset management to portfolio management, will be able to make data-driven decisions in real-time concerning the buildings and their CO2 emissions. At the same time, the created database will become the central supplier for Deka Immobilien’s ESG reporting activities.
The BuildingMinds platform is intended to serve as a control instrument, primarily for reducing the CO2 emissions of existing buildings.
A good, reliable database is the starting point for a well-founded reduction of CO2 emissions. BuildingMinds supports Deka Immobilien by providing structured data collection methods for energy and media consumption that meet the demands of a global real estate portfolio with varying requirements in individual countries and across different types of building usage. In addition, ESG-relevant documents such as energy certificates, green building certificates, and other expert opinions can be linked to each building. Enriched by a data quality assurance process, including a digitized, comprehensible filling of any data gaps, the platform becomes the “single-source-of-truth” for planning and reporting systems at Deka Immobilien.
The acquired database will become a central component in creating transparency around Deka Immobilien’s actions and the foundation for meeting European ESG reporting requirements. The BuildingMinds platform is integrated into Deka Immobilien’s reporting processes and also supports evaluations regarding the taxonomy conformity of the portfolio.
In the active asset management of the properties, the platform is used as an optimization tool. In the future, property, asset, and portfolio managers should be able to validate planning decisions based on real-time data. Benchmarks for energy and CO2 emissions can be used to analyze individual assets and entire portfolios. Targeted action plans can be evaluated in terms of their impact on energy, CO2 emissions, investment, and operating costs, allowing the path to achieving climate goals to be aligned with the fiduciary responsibility towards investors.
About BuildingMindsFounded in 2018 and fully funded by the Schindler Group, BuildingMinds is a software-as-a-service (SaaS) provider for the real estate industry, offering a comprehensive, data-driven platform for improving building performance. Using innovative technologies and analytics, BuildingMinds enables property owners and managers to efficiently monitor, assess, and optimize their portfolios and assets. This supports the development of a more sustainable and data-driven transformation in the real estate industry.
International Press Enquiries: Peter PanayiHead of Go-To-Market & Global Communicaions+44 [email protected]
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Artificial Intelligence
Racing Legend Jacques Villeneuve Engages CYPFER to Embolden Cybersecurity & Digital Resilience
Villeneuve Looks to Be a Living Demonstration of Futurizing Racing Brands and The Business of Motorsports
MIAMI, LONDON and TORONTO, Oct. 7, 2024 /PRNewswire/ — Jacques Villeneuve, former Formula 1 World Champion and current F4 team owner, announced today the strategic partnership with Daniel Tobok, CEO of CYPFER, as Chief Cyber Intelligence Advisor for Villeneuve’s racing teams.
“The integration of advanced technology in motorsports demands equally advanced cybersecurity measures,” says Daniel Tobok, CEO of CYPFER. “With Jacques Villeneuve’s teams pushing the limits of innovation, we are dedicated to protecting their digital infrastructure, ensuring data integrity, and maintaining competitive advantage,” states Tobok.
The motorsports industry is increasingly reliant on digital technology, from car telemetry to race strategy simulations. According to a report by Cybersecurity Ventures, the cybercrime epidemic is predicted to cost the world $10.5 trillion annually by 2025, with the sports sector being a significant target due to its high-profile nature and valuable data.
“Racing at the highest levels requires not only physical and mechanical excellence but also digital security,” says Jacques Villeneuve. “Partnering with CYPFER gives us the confidence that our sensitive data, from race strategies to telemetry, is secure from cyber threats. This collaboration is a crucial part of our commitment to our core mission: winning races and pushing the boundaries of what’s possible in motorsports,” concludes Villeneuve.
“Entering the world of motorsports with Jacques Villeneuve is an exciting milestone for CYPFER,” shares Tobok. “Jacques’ legacy in racing and his forward-thinking approach make him an ideal collaborator. We are ready to safeguard his teams’ digital assets and contribute to their continued success,” concludes Tobok.
About CYPFER
CYPFER is on a global mission to help companies create Cyber Certainty™. With an experienced team of incident responders, threat researchers, seasoned ransom experts, and data restoration experts, CYPFER is the trusted firm for leading law firms, insurance carriers and global organizations. CYPFER’s cybersecurity professionals are located across the US, Canada, UK, and Caribbean. The CYPFER team is ready to respond and help clients experiencing cyber attacks 24x7x365. CYPFER’s experts provide white-glove service and aim to restore Cyber Certainty™ for all clients on every engagement.
CYPFER’s core services include:
Ransomware Advisory Incident Response Services with specialized expertise in ransomware response and recoveryOn-site and/or remote post-breach restoration support to augment internal teamsCYPFER is headquartered in Miami, FL. The company currently employs 140+ cybersecurity experts and has supported clients across six continents. CYPFER is executing plans to expand across the globe and boast a workforce of 200 cybersecurity professionals by the end of 2024.
For inquiries, please contact our PR Team at [email protected]
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Recognized for Commitment to Making the World a Better Place Through Innovative Growth, Customer Value, and Sustainable Business Practices
STOCKHOLM, Oct. 7, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – (XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, is pleased to announce that it has been awarded the Enlightened Growth Leadership Best Practices Recognition by the Frost & Sullivan Institute. This prestigious award celebrates Sinch as a Company of Action, for demonstrating best practices in its growth journey, while aligning with Frost and Sullivan’s “innovation to zero” initiative, which focuses on addressing global challenges through sustainable and responsible business practices.
In addition to its sustainability efforts, Sinch was recognized for its technology leadership, leveraging innovations like its cloud-based infrastructure for scalability and cost efficiency, and its API-first approach for rapid integration and customization. AI capabilities are embedded across Sinch’s entire portfolio, enhancing customer experience and operational efficiency, further solidifying its position as a leader in communication technology. The award acknowledges companies that drive significant economic impact and drive transformation, with Sinch advancing toward a future where environmental responsibility and business success are seamlessly aligned.
Sinch was specifically recognized for its dedication to the Science Based Targets initiative aimed at meeting the Paris Agreement’s 1.5°C goal. The company proactively assesses the environmental impact of its products and emphasizes responsible business practices that minimize waste and pollution.
“We are honored to be recognized for our commitment to sustainable growth, innovation, and our dedication to our employees, partners and customers,” shared Jonathan Bean, Chief Marketing Officer at Sinch. “This award reflects our focus on enhancing the customer experience by fostering a culture of responsibility, excellence, and forward-thinking. It also serves as a reminder of our ongoing commitment to reducing our environmental impact, fostering inclusive workplaces, and upholding the highest standards of ethical business practices with our customers and partners,” added Bean.
Sinch believes in the power of communication as a force for good and recognizes its responsibility to lead by example, especially as it powers billions of engagements each year. The company’s Environmental, Social, and Governance (ESG) initiatives are closely aligned with its core values, ensuring that its innovations and strategies not only connect people but also contribute to a sustainable and equitable future.
For further information, please contact: Janet Lennon, Director of Global Communications [email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/sinch-honored-with-frost–sullivans-enlightened-growth-leadership-award-302268634.html
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