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Higher Education Testing And Assessment Market size is set to grow by USD 4.82 billion from 2024-2028, Transition of educational institutions to formative assessment boost the market, Technavio

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NEW YORK, Aug. 13, 2024 /PRNewswire/ — The global higher education testing and assessment market size is estimated to grow by USD 4.82 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 4.66%  during the forecast period. Transition of educational institutions to formative assessment is driving market growth, with a trend towards evolving role of educational technologies. However, weak assessment mechanism of online tests  poses a challenge. Key market players include Apperson Inc., Aptech Ltd., Coursera Inc., Educational Testing Service, Gradeup Assignment, Harver B.V., LearningRx Inc., McGraw Hill LLC, Mercer LLC, Mindlogicx, Ntalents, Oxford Learning Centers Inc., Pearson Plc, Scantron Inc., The Training Box Ltd., Think and Learn Pvt. Ltd., Turning Technologies LLC., Wheebox, and ZandaX.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Higher Education Testing And Assessment Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.66%

Market growth 2024-2028

USD 4822.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.38

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 31%

Key countries

US, Germany, China, Canada, and India

Key companies profiled

Apperson Inc., Aptech Ltd., Coursera Inc., Educational Testing Service, Gradeup Assignment, Harver B.V., LearningRx Inc., McGraw Hill LLC, Mercer LLC, Mindlogicx, Ntalents, Oxford Learning Centers Inc., Pearson Plc, Scantron Inc., The Training Box Ltd., Think and Learn Pvt. Ltd., Turning Technologies LLC., Wheebox, and ZandaX

Market Driver

Higher education institutions are integrating advanced technologies into their testing and assessment processes to enhance student learning and evaluation. McGraw Hill, a leading educational content provider, recently updated its digital architecture to align with popular Learning Management Systems (LMS), such as Blackboard Learn, Ultra, Instructure Canvas, D2L Brightspace, and Moodle. This integration simplifies access to digital course materials and assignments for students using McGraw Hill Connect and ALEKS, while also making it easier for LMS administrators to manage. Vendors like Pearson are advocating for balanced assessments in higher education, combining academic and non-academic evaluations. Pearson’s balanced assessment approach includes quizzes and riddles related to general knowledge, improving student performance analysis and bridging the gap between learning requirements and teaching resources. The use of technology, such as smartphones, cloud computing, and Big Data analytics, has systematically improved knowledge retention in students. Balanced assessments and advanced technologies are essential components in modern higher education, ensuring comprehensive student development and progress. 

The Higher Education Testing and Assessment Market is experiencing significant growth in the education sector, with universities, colleges, and other institutions increasingly relying on standardized assessment solutions. Online assessment tools are becoming popular for mathematics, English, science, and other subjects. International students and domestic learners alike benefit from mobile assessment tools and personalized assessment solutions. The market is segmented into academic and non-academic segments, with skills, aptitude, and personality traits assessed for career readiness, employability, and cognitive abilities. Product offerings include standardized tests, online assessment platforms, adaptive testing systems, assessment software, online courses, and distance learning programs. Quality education is ensured through customized tests, various assessment methods, and data security concerns. Real-time feedback, adaptive learning algorithms, personalized recommendations, student-centered pedagogies, competency-based education, and lifelong learning initiatives are key trends. Abilities and aptitudes are assessed through quizzes and other tertiary education tools. 

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Market Challenges

Higher education institutions, corporations, and governments worldwide are implementing software solutions and online platforms for testing and assessment. However, concerns regarding the reliability of online assessment persist, particularly in developing countries. The manual checking of answer scripts for examinations like India’s Civil Services Examination and Provincial Civil Services Examination attests to this preference. The weak assessment mechanism of online tests poses a challenge to the expansion of the global higher education learning and assessment market. Despite advancements in technology, the need for secure and trustworthy assessment methods remains crucial.The Higher Education Testing and Assessment Market faces several challenges in today’s dynamic educational landscape. Accountability and data-driven decision-making require advanced testing platforms and data analytics tools. Accessibility and flexibility are crucial for online testing and distance learning. Adaptive testing, big data, and predictive analytics offer opportunities for personalized learning. However, data breaches and traditional assessment methods pose security and reliability concerns. Remote learning, student enrollment, and corporate training programs expand the academic and non-academic market. Collaboration-based learning, teamwork, and critical thinking are essential skills assessed through reporting and analytics. Blended learning and training organizations demand higher customization and fraud procedures. Open source software and social media platforms offer opportunities for innovative assessments. Precise evaluation through formative assessments and reporting is crucial for success in the competitive academic and corporate world.

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Segment Overview 

This higher education testing and assessment market report extensively covers market segmentation by  

Product 1.1 Academic1.2 Non-academicEnd-user 2.1 Educational institutions2.2 Universities2.3 Training organizations2.4 OthersGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Academic-  The higher education testing and assessment market encompasses digital solutions for subjects like science, technology, engineering, and mathematics (STEM), which are integral to the curriculum. Traditional pen and paper testing is being replaced by Learning Management Systems (LMS) and Content Management Systems (CMS), along with adaptive learning technologies. The shift towards technology in classrooms, driven by the widespread use of smartphones, tablets, and e-libraries, is accelerating this transition. Universities are utilizing interactive whiteboards, Skype sessions, and online tests to enhance education and manage logistics more efficiently. The number of students and the challenges posed by pen and paper-based tests are driving the adoption of online testing and assessment, making the higher education sector more interactive and efficient.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Higher Education Testing and Assessment Market plays a crucial role in the education sector by providing standardized assessment solutions for universities, colleges, and higher education institutions. These institutions rely on online assessment tools to evaluate students’ proficiency in various subjects such as mathematics, English, science, and aptitudes. International students and tertiary education institutions also benefit from these solutions. Online quizzes, exams, projects, portfolios, and progress reports are common assessment methods used to evaluate learning outcomes. Feedback and precise evaluation are essential components of these assessments, enabling educators to identify students’ strengths and weaknesses and provide customized instruction.

Higher education institutions seek formative assessments that offer real-time progress reports and personalized feedback. Fraud procedures are also essential to maintain the integrity of the assessment process. Open source software, social media platforms, mobile assessment tools, and distance learning courses are increasingly being used to deliver assessment solutions. Standardized assessment solutions offer higher customization, allowing institutions to tailor assessments to their specific needs. These solutions provide precise evaluation, enabling educators to identify areas for improvement and ensure that learning objectives are met. Additionally, they offer formative assessments that provide ongoing feedback and support for students. Mobile assessment tools and social media platforms offer convenience and flexibility, allowing students to take assessments from anywhere, at any time.

Personalized assessment solutions enable institutions to tailor assessments to individual students’ learning styles and needs, ensuring that each student receives an accurate and fair evaluation. In conclusion, the Higher Education Testing and Assessment Market plays a vital role in the education sector by providing standardized assessment solutions that enable institutions to evaluate students’ learning outcomes accurately and efficiently. These solutions offer higher customization, precise evaluation, and fraud prevention procedures, making them essential tools for educators and students alike. With the increasing use of technology in education, assessment solutions are becoming more accessible, convenient, and personalized, ensuring that all students have the opportunity to succeed.

Market Research Overview

The Higher Education Testing and Assessment Market encompasses the use of standardized assessment solutions, online assessment tools, and adaptive testing systems in universities, colleges, and other higher education institutions. These tools are used to evaluate various skills and aptitudes, including mathematics, English, science, and cognitive abilities, in the academic and non-academic segments. International students and domestic students alike benefit from these assessments, which may be delivered through mobile assessment tools or personalized assessment solutions. Standardized tests, online assessment platforms, and adaptive testing systems are key components of this market. Product offerings include quizzes, exams, projects, portfolios, progress reports, and feedback. Educators use these assessments to evaluate learning outcomes, placement, certification, program evaluation, accreditation, and student-centered pedagogies. Data security concerns are a critical issue in this market, as are data analytics tools and accessibility. Flexibility and adaptive testing are essential features for remote learning and lifelong learning initiatives.

The market includes traditional assessment methods as well as innovative approaches, such as competency-based education, real-time feedback, and personalized recommendations. Data-driven decision-making is a significant trend in the higher education testing and assessment market, with big data and predictive analytics playing important roles. The market also includes augmented reality content, learning engagement, accountability, and customized tests. Corporate training programs, certification exams, and skill assessments are also part of this market. The academic market and non-academic market each have distinct needs and challenges.

The academic market focuses on evaluating students’ abilities and aptitudes, while the non-academic market prioritizes career readiness, employability, and personal development. The use of assessment methods continues to evolve, with a growing emphasis on personalized learning, adaptive learning algorithms, and student-centered pedagogies. Overall, the higher education testing and assessment market is a dynamic and complex landscape that is essential for ensuring the quality of education and preparing students for the workforce.

It includes a diverse range of products, services, and trends, from traditional exams and quizzes to innovative adaptive learning systems and data-driven decision-making tools. As the demand for flexible, personalized, and effective assessment solutions continues to grow, this market is poised for significant growth and innovation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductAcademicNon-academicEnd-userEducational InstitutionsUniversitiesTraining OrganizationsOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Elvis Birthday Celebration tour kicks off at the Miniaci Performing Arts Center January 5th

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This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis Rockin Birthday Bash

FORT LAUDERDALE, Fla., Dec. 26, 2024 /PRNewswire-PRWeb/ — Elvis Presley Birthday Celebration Florida Tour kicks off at the Miniaci Performing Arts Center at Nova Southeastern University Davie Campus on January 5th with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash, a multi-media full production tribute celebrating the life and music of the King of Rock-n-Roll.

“Adding to the authenticity of his tribute, Chris has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel.”

This January 8th would have been the King’s Birthday. Gone but never forgotten, his image, music, films and memories live on as a testament to his true effect and influence on his generation and future generations to come. The original American Rock-n-Roll Idol who influenced the Beatles, The Rolling Stones and anyone that has ever picked up a guitar or a microphone since, continues to engage our love affair with his all American story of a shy poor and humble country boy that became the King of Rock-n-Roll. Elvis Presley, recognized by TIME magazine as the “Artist of the 20th Century,” has sold more records than any other artist or group in the history of modern music. Even after death, his image and music continue to be loved and celebrated throughout the world. With the critically acclaimed big screen biopic “Elvis” by director Baz Luhrmann starring Austin Butler as Elvis and Tom Hanks as Colonel Tom Parker, Elvis’s music and charisma are once again in the spotlight for a whole new generation and there’s no sign of the King leaving the building of Rock-n-Roll icon status.

Keeping the memory alive at countless venues throughout the country, Chris MacDonald lovingly shares the magic of the “King of Rock-n-Roll” with his full production tribute Memories of Elvis. Chris’s show is not an overdone impersonation. It is a natural heartfelt tribute to a legendary performer and music icon. With his dynamic production band, Chris MacDonald draws his audience in with the look, sounds, and nuances that made Elvis the King of Rock-n- Roll!

Adding to the authenticity of his tribute, Chris MacDonald has the honor of being the only tribute artist hired by Elvis Presley Enterprises to perform at Graceland’s Heartbreak Hotel. An energetic and experienced entertainer, MacDonald has also starred in the famous “Legends in Concert” stage productions and has performed in Branson, MO, and Las Vegas, NV. Chris has also performed in Concert with Elvis Presley’s original back up group The Jordanaires and D.J. Fontana Elvis original drummer “The Beat Behind The King” at the famous Seminole Hard Rock Live Concert Venue in Hollywood Florida and other venues throughout the country.

With this newly updated production, the show will include costume changes and songs representing the different stages of Elvis’s incredible career including the 1950′s, the Movies, the 1968 Comeback and the 1970′s White Fringe Vegas Concerts. It’s all a part of this fun loving tribute to one of the greatest entertainers of all time.

Get “All shook up” and celebrate the life and music of the King of Rock-n-Roll with Chris MacDonald’s Memories of Elvis Rockin Birthday Bash.

Florida Tour Dates:

January 5, 2025 2pm (Sunday)

Rose and Alfred Miniaci Performing Arts Center

Nova Southeastern University

3100 Ray Ferrero Junior Boulevard,

Davie, FL 33314

Box Office: 954-462-0222

https://www.miniacipac.com/events/detail/chris-macdonalds-memories-of-elvis-rockin-birthday-bash-2025

 

January 16, 2025 7:30 pm (Thursday)

Barbara B Mann Performing Arts Hall

Southwestern State College

13350 FSW Parkway, Fort Myers, FL 33919

Box Office: 800-440-7469 • 239-481-4849

https://www.bbmannpah.com/events/detail/chris-macdonalds-memories-of-elvis-2025-fort-myers

 

January 18, 2025 7:30 pm (Saturday)

Sunrise Theatre

117 S 2nd Street, Fort Pierce, FL 34950

Box office: 772-461-4775

https://www.sunrisetheatre.com/shows/memories-of-elvis-rockin-birthday-bash/

Media Contact

Donna Oz, CME Inc, 1 954341-6005, info@chrismacdonaldselvis.com, https://www.elvispresleystory.com/

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SOURCE CME Inc; CME Inc

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VIVOTEK Wins Double Honors for Its Commitment to Sustainability

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — VIVOTEK (3454-TW), the global leading security solution provider, has once again demonstrated its outstanding commitment to sustainability. Participating for the first time in the 17th Taiwan Corporate Sustainability Awards (TCSA), VIVOTEK emerged victorious, earning the Sustainability Report Award for the Information, Communication, and Broadcasting Industry and the Taiwan Corporate Sustainability Excellence Award. These recognitions showcase VIVOTEK’s remarkable success in corporate governance, environmental protection, and social responsibility, affirming its dedication to sustainable growth.

Pioneering Sustainability with Dual Recognition

“For over seven years, VIVOTEK has independently published sustainability reports, actively driving and disclosing our internal sustainability initiatives.” said Allen Hsieh, VIVOTEK’s Spokesperson and Director of the Global Marketing Division. “These awards not only recognize our integrity and efforts in presenting operational performance, environmental data, and social impact but also serve as a strong motivation for us to continue advancing on the path of sustainable development.”

Driving Sustainability through AI Innovation

VIVOTEK delivers advanced AI-powered security solutions built on cutting-edge AI and edge computing technologies. Beyond innovation, the company drives green initiatives, reduces its carbon footprint, and fosters a sustainable, supportive workplace.

Committed to social responsibility, VIVOTEK leads the security industry’s sustainability efforts through its ‘Safety Map’ initiative. For four years, employees have formed security teams to enhance safety in neighborhoods, care centers, and schools with on-site assessments and improvement plans.

In 2024, VIVOTEK will expand its efforts to Hualien’s Dacheng Village, where it will help improve local safety environments and support cultural preservation and tourism revitalization. These actions reflect its dedication to sustainability, community well-being, and lasting societal contributions.

Security Sustainability as a Foundation for Social Impact

VIVOTEK proudly received two prestigious honors at the Taiwan Corporate Sustainability Awards, highlighting its dedication to sustainable practices. These accolades inspire the company to deepen its internal efforts and mark the start of an exciting new chapter.

Building on this achievement, VIVOTEK aims to strengthen its mission of becoming the world’s most trusted smart security brand. By aligning with global market needs and fostering collaboration with customers, partners, and employees, VIVOTEK is committed to shaping a sustainable future founded on mutual trust and shared success.

To learn more about VIVOTEK’s sustainability initiatives, please refer to the 2023 Sustainability Report.

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SOURCE VIVOTEK Inc.

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WiMi Develops a Quantum Technology-Based Random Access Memory Architecture

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BEIJING, Dec. 26, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the development of a Quantum Technology-Based Random Access Memory Architecture, known as QRAM. This architecture successfully implements fundamental logical operations such as AND, OR, NOT, and NOR gates in quantum logic gates by combining key basic operations in quantum computing, such as the CNOT gate, V gate, and V+ gate. Quantum Random Access Memory (QRAM) is a memory architecture specifically designed for quantum computing environments, with the core goal of enabling efficient reading and writing of information while maintaining the state of the quantum system. The design of QRAM is not only intended to leverage the parallel processing capabilities of quantum computing but also to utilize quantum properties such as superposition and entanglement to significantly enhance computational efficiency.

In WiMi’s QRAM architecture, the quantum CNOT gate, V gate, and V+ gate serve as the fundamental operation units. Each quantum operation is equivalent to certain logical operations in classical computing, but simultaneously leverages the properties of quantum states to achieve efficient computation.

CNOT Gate (Controlled-NOT Gate): The CNOT gate is a crucial operation in quantum computing, used to control the relationship between two quantum bits (qubits). In classical computing, this is similar to the function of an XOR gate, but in the quantum environment, it allows qubits to exist in a superposition of states, enabling the simultaneous processing of multiple states.

V Gate and V+ Gate: The V gate and V+ gate are quantum gates used to implement more complex logic. The operations of these two gates are similar to the AND and OR gates in classical computing. However, their advantage lies in the ability to process multiple potential outcomes in the quantum system simultaneously, without the need to evaluate each possibility separately.

By combining these fundamental quantum gates, basic operations in quantum logic such as AND, OR, NOT, and NOR can be successfully implemented. This provides the necessary support for designing complex quantum circuits, while being more flexible and efficient compared to classical logic gates.

One of the major advantages of the QRAM architecture is its full utilization of the properties of quantum superposition and quantum entanglement. In classical computing, memory read and write operations are linear and must be performed sequentially. However, in quantum computing, because qubits can exist in multiple states (superposition), parallel read and write operations can be performed simultaneously. This ability significantly enhances computational efficiency, especially when handling large-scale datasets or complex computational tasks.

Additionally, quantum entanglement enables the correlation between multiple qubits without the need for direct communication, further improving the speed of data transfer and computation. Memory operations with entangled qubits are much faster and more efficient than traditional memory operations, opening up new possibilities for parallel computing.

In WiMi’s QRAM architecture, the entire design logic includes several key steps and technical nodes, such as quantum state-based random access, the introduction of quantum error correction mechanisms, and seamless integration with quantum computers.

The core feature of QRAM is its ability to perform random access within a quantum system. Traditional computer RAM achieves reading and writing to memory units through address buses, data buses, and other components, whereas QRAM accomplishes this process through the states of quantum bits (qubits). By utilizing quantum superposition, multiple addresses can be accessed simultaneously in a single operation. This means that in a QRAM system, data can be accessed in parallel across multiple addresses, greatly improving the efficiency of data operations.

To achieve this, WiMi has designed a system based on CNOT gates, V gates, and V+ gates. These quantum gates allow flexible control over memory access processes while maintaining the quantum state of the system and ensuring the efficient transmission of qubits in an entangled state. Through this system, QRAM not only enables high-speed data reading and writing, but also ensures the reliability and accuracy of information processing.

Furthermore, error correction is crucial in any quantum computing system. Due to the fragile nature of qubit states, even small external disturbances can cause computational errors. Therefore, WiMi’s QRAM architecture incorporates a quantum error correction mechanism to ensure that the qubit states are accurately preserved and transmitted during data reading and writing. This includes an error correction method based on quantum entanglement, where redundant entangled qubits are introduced to detect and correct potential errors. This method not only effectively reduces the impact of external noise on the system but also ensures the stability of data during multiple read operations.

WiMi’s QRAM design is intended to seamlessly integrate with quantum computers. Since quantum computing operations depend on the superposition and entanglement states of qubits, the QRAM system demonstrates high compatibility when interfacing with a quantum processing unit (QPU). The design ensures smooth transmission of qubits between memory and processor during data access, thereby significantly improving computational efficiency.

By utilizing the V gate, V+ gate, and CNOT gate, WiMi’s QRAM system can quickly execute quantum logic operations and, when handling complex computational tasks, can read and write data at near-real-time speeds. This makes QRAM a key component in large-scale quantum computing applications.

The successful development of QRAM technology has had a revolutionary impact across multiple fields. As a critical component of quantum computers, QRAM will significantly enhance the overall performance of quantum computing systems. Its efficient parallel data access capabilities make it especially well-suited for handling large-scale computational tasks such as molecular simulations, climate modeling, and complex optimization problems. By significantly reducing computation time, QRAM will play an indispensable role in the future of high-performance quantum computing.

Another important application of QRAM is in quantum communication and quantum encryption. By leveraging quantum entanglement, QRAM can enable high-speed data transmission while ensuring data security. The non-locality of quantum entanglement guarantees that data cannot be intercepted during transmission, providing a solid foundation for future quantum encryption technologies.

With the development of quantum computing, the field of quantum machine learning has also gradually emerged. QRAM’s efficient data access capabilities make it highly suitable for handling large-scale datasets, enabling model training to be completed in a shorter time. This will significantly advance the development of quantum artificial intelligence, allowing complex machine learning tasks to be solved quickly on quantum computers.

As quantum technology continues to evolve, QRAM, as a core technology, will provide crucial support for the future of quantum computing. WiMi is committed to continuing the development of QRAM technology, continually optimizing its performance, reducing implementation costs, and expanding its applications across various industries.

The successful development of QRAM technology marks an important step in the advancement of quantum computing. As quantum computers progress and quantum technologies mature, QRAM will become an indispensable core component of quantum computing systems. With the ongoing optimization and promotion of this technology, QRAM is expected to bring disruptive innovations across multiple fields and lay a solid foundation for the arrival of the quantum era.

About WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

 

 

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SOURCE WiMi Hologram Cloud Inc.

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