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Test Preparation Market Research Report: Size, Share, Growth, Trends and Forecast 2030 By Zaraki Kenpachi - June 10, 2021
Global Test Preparation Market: Introduction Test preparation relates to tools specific to educational courses, tutoring services, educational material, or elearning which enhances the performance of students on consistent tests. Tests include entrance examinations for admission to institutions of higher education, such as college (e.g. SAT and ACT), business school (GMAT), law school (LSAT or LNAT), medical school (MCAT), BMAT, UKCAT, and GAMSAT, and graduate school (GRE).
Global Test Preparation Market – Dynamics Increased Propensity to Spend on Quality Education Globally, the level of expenditure or propensity to spend on education is increasing with the rise in disposable income and increasing quest for a better standard of living. The global education industry is growing in double digits over the last five years and is expected to expand at a strong CAGR in future. Demand for test preparation is increasing due to adoption of digitization and education, specifically in developing regions such as Asia Pacific and South America. Get sample copy of at:
Ease of Entering the Education Industry and Low Investment Profit margin is very high in the education industry due to the large customer base. The governments of different countries also encourage new companies to set up the infrastructure for education. Many players provide new and innovative solutions specific to test preparation owing to the ease of entering the education industry. The large customer base in this industry is driving the growth of the test preparation market.