Test Preparation Market in India 2018-2022
About Test Preparation
Technavio’s market study identifies the rising enrollments in test preparation courses to be one of the primary growth factors for the test preparation market in India. Due to factors such as rising student competition and significant decline in the test pass percentage in competitive exams, the number of enrollments in test preparation courses is steadily increasing.
Technavio’s analysts forecast the test preparation market in India to grow at a CAGR of 15.72% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the test preparation market in India for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.Technavio's report, Test Preparation Market in India 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Test Preparation Market in India 2018-2022
Technavio recognizes the following companies as the key players in the test preparation market in India: Aakash Educational Services, Byju's, FIITJEE, Kaplan, Pearson Education, TIME, and THINKCELL Learning Solutions.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing use of analytics. The concept of analytics is gaining traction in the test preparation market in India. As there is a significant increase in the number of student enrollments in test preparation courses, a wide array of data regarding the student, type of exam, and previous question papers are generated and collected by vendors during the test preparation.”
According to the report, one driver in the market is rising number of enrollments in test preparation courses. One of the major factors catering to the growth of the market is the increasing number of student enrollments in the test preparation market, due to rising student competition along with significant decline in the test pass percentage in competitive exams.
Further, the report states that one challenge in the market is increasing competition from private tutors. The test preparation market in India witnesses increasing competition from private tutors. Tutoring is one of the fast-growing businesses. Many students are not comfortable in attending group classes and opt for private tutors. Private tutoring is a far more effective method of learning for some students, enabling them to learn and grow at their own pace. However, the major concern in the private tutoring market is that many students fail to find the right tutor and vice versa.
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