Assessment Services Market- Global Industry Analysis and Forecast (2023-2029)

Assessment Services Market size was valued US$ 7.61 Bn. in 2022 and is expected to reach US$ 12.47 Bn by 2029, at a CAGR of 7.3 % during forecast period.

Assessment Services Market Definition:

Assessment services are used by companies to evaluate a candidate based on different parameters. These evaluation helps companies to assess and train the employees. Consultants provide guidance on skill assessment for increasing employ-ability. Assessment services helps companies to identify, hire, and develop the best-fit talent for a given profile. Traditional assessment process is time-consuming and requires high cost.Assessment Services MarketTo know about the Research Methodology :- Request Free Sample Report COVID-19 impact on market: COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.

Assessment Services Market Dynamics:

Number of competitive examinations and certifications are increasing, importance of skill assessment for increasing employ-ability, and rising population of the young labor force are the factors attributed to the growth of the market during the forecast period. Job immigrants are increased due to globalization in the developed countries. The inflow of immigrants in lower-skilled jobs and highly professional jobs in the developed countries is an ever rising phenomenon. The screening services for job immigrants are needed due to the new regulations being rolled out by new governments as candidates are mis-presenting their credentials. Also mobile workforce and increasing fraudulent activities are a few of the factors that are leading to a greater demand for efficient background checks by various organizations, driving the assessment services market. A rising number of young job seekers and entrepreneurs are one of the significant drivers for the market. The opportunities to the industries to build more efficient profit valued business and employ-ability issues of the youth is estimated to create lucrative opportunities in the coming years. However the online assessment services do not take any guarantee of the candidate’s potential or talent and increased data privacy issues with misleading representation by the candidates are the factors restraining the market. Related sectors with specific statistics are analyzed in the report.

Assessment Services Market Segment Analysis:

The online assessments services held a larger market share of USD 4.53 Billion in 2022 and are forecasted to have a CAGR of 7.7% in the e forecast period. In the past few years as technology has started playing a role, MCQ based testing are increased. A screen based tests are very common now a days. Governments and corporate are preferring online exams and is anticipated for the growth of online assessment service segment of the market. Deploying technology is a very effective method for the recruitment process helping companies join with potential candidates through aptitude test. Online Medium of assessment services promote the candidates with aptitude and attitude which is essential in achieving the organizational goals, also it helps to evaluate the candidate’s legitimacy to the profile. Assessment Services MarketOnline assessment enables organizations to decrease HR costs associated with training, onboarding, recruitment, and appointment via automated processes.

Assessment Services Market Regional Insights

The Asia Pacific region to achieve highest CAGR of 8.8% during the forecast period. The surging number of competitive examinations and certification due to the huge population in the region and increasing requirement for skill assessment for employability in the region are driving the market in the region. Also number of job seekers and entrepreneurs are also driving the market in the region. India is expected to grow at a CAGR of 10.5% during the forecast period and held nearly 30 % market share of Asia Pacific region. The assessment market in Europe generated a revenue of US$ 1.43 Bn in 2022 and expected to grow at a CAGR of xx% over the forecast period. The employability issues over the regions and key players providing the assessment services are different in different regions and are analyzed in detail in the report. The objective of the report is to present a comprehensive analysis of Global Assessment Services Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated study of key players that includes Market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the Market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding global market dynamics, structure by analyzing the Market segments and project the global market size. Clear representation of competitive analysis of key players by Type, price, financial position, product portfolio, growth strategies, and regional presence in the global market make the report investor’s guide.

Global Assessment Services Market Scope: Inquire before buying

Global Assessment Services Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 7.61 Bn.
Forecast Period 2023 to 2029 CAGR: 7.3% Market Size in 2029: US $ 12.47 Bn.
Segments Covered: by Deployment Online Medium Offline Medium
by Assessment Application Entrance Assessment Services Recruitment & Promotion Assessment Services Certification Assessment Services
by Product Type Psychometric Test Aptitude Tests Coding Tests Others
by Sectors K-12 Higher Education Corporate Government
by End-users Aerospace & Defense Automotive & Transportation Banking Financial Services & Insurance Building Construction & Real Estate Consumer Goods & Retail Education Energy & Utilities Government & Public Sector Healthcare & Life Science Information Technology Manufacturing, Media & Entertainment Telecommunication Travel & Hospitality

Global Assessment Services Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)

Global Assessment Services Market, Key Players are

1. AON 2. Korn Ferry 3.CEB 4.Psytech 5.Hogan Assessments 6. Aspiring Minds 7. TT Success Insight 8. Cubiks 9. Performanse 10. Talent Plus 11. Harrison assessments 12. AssessFirst 13. Chandler Macleod 14. TeamLease 15. IBM 16. DDI 17. NSEIT 18. Eduquity Career Technologies 19. Central Test 20. StrengthsAsia 21. MeritTrac 22. Mettl 23. Beisen Frequently Asked Questions: 1. Which region has the largest share in Global Assessment Services Market? Ans: Asia Pacific region helds the highest share in 2022. 2. What is the growth rate of Global Assessment Services Market? Ans: The Global Assessment Services Market is growing at a CAGR of 7.3% during forecasting period 2023-2029. 3. What segments are covered in Global Assessment Services market? Ans: Assessment Services Market is segmented into type, assessment application and region. 4. Who are the key players in Global Assessment Services market? Ans: The important key players in the global market are – Korn Ferry, CEB, Psytech, Hogan Assessments, Aspiring Minds, TT Success Insight, Cubiks Performanse, Talent Plus, Harrison assessments, AssessFirst, Chandler Macleod, TeamLease 5. What is the study period of this market? Ans: The Global Assessment Services Market is studied from 2022 to 2029.
1. Global Assessment Services Market: Research Methodology 2. Global Assessment Services Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Assessment Services Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Assessment Services Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Assessment Services Market Segmentation 4.1 Global Assessment Services Market, by Deployment (2022-2029) • Online Medium • Offline Medium 4.2 Global Assessment Services Market, by Assessment Application (2022-2029) • Entrance Assessment Services • Recruitment & Promotion Assessment Services • Certification Assessment Services 4.3 Global Assessment Services Market, by Product Type (2022-2029) • Psychometric Test • Aptitude Tests • Coding Tests • Others 4.4 Global Assessment Services Market, by Sectors (2022-2029) • K-12 • Higher Education • Corporate • Government 4.5 Global Assessment Services Market, by End-users (2022-2029) • Aerospace & Defense • Automotive & Transportation • Banking • Financial Services & Insurance • Building • Construction & Real Estate • Consumer Goods & Retail • Education • Energy & Utilities • Government & Public Sector • Healthcare & Life Science • Information Technology • Manufacturing, Media & Entertainment • Telecommunication • Travel & Hospitality 5. North America Assessment Services Market(2022-2029) 5.1 North America Assessment Services Market, by Deployment (2022-2029) • Online Medium • Offline Medium 5.2 North America Assessment Services Market, by Assessment Application (2022-2029) • Entrance Assessment Services • Recruitment & Promotion Assessment Services • Certification Assessment Services 5.3 North America Assessment Services Market, by Product Type (2022-2029) • Psychometric Test • Aptitude Tests • Coding Tests • Others 5.4 North America Assessment Services Market, by Sectors (2022-2029) • K-12 • Higher Education • Corporate • Government 5.5 North America Assessment Services Market, by End-users (2022-2029) • Aerospace & Defense • Automotive & Transportation • Banking • Financial Services & Insurance • Building • Construction & Real Estate • Consumer Goods & Retail • Education • Energy & Utilities • Government & Public Sector • Healthcare & Life Science • Information Technology • Manufacturing, Media & Entertainment • Telecommunication • Travel & Hospitality 5.6 North America Assessment Services Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Assessment Services Market (2022-2029) 6.1. European Assessment Services Market, by Deployment (2022-2029) 6.2. European Assessment Services Market, by Assessment Application (2022-2029) 6.3. European Assessment Services Market, by Product Type (2022-2029) 6.4. European Assessment Services Market, by Sectors (2022-2029) 6.5. European Assessment Services Market, by End-users (2022-2029) 6.6. European Assessment Services Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Assessment Services Market (2022-2029) 7.1. Asia Pacific Assessment Services Market, by Deployment (2022-2029) 7.2. Asia Pacific Assessment Services Market, by Assessment Application (2022-2029) 7.3. Asia Pacific Assessment Services Market, by Product Type (2022-2029) 7.4. Asia Pacific Assessment Services Market, by Sectors (2022-2029) 7.5. Asia Pacific Assessment Services Market, by End-users (2022-2029) 7.6. Asia Pacific Assessment Services Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Assessment Services Market (2022-2029) 8.1 Middle East and Africa Assessment Services Market, by Deployment (2022-2029) 8.2. Middle East and Africa Assessment Services Market, by Assessment Application (2022-2029) 8.3. Middle East and Africa Assessment Services Market, by Product Type (2022-2029) 8.4. Middle East and Africa Assessment Services Market, by Sectors (2022-2029) 8.5. Middle East and Africa Assessment Services Market, by End-users (2022-2029) 8.6. Middle East and Africa Assessment Services Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Assessment Services Market (2022-2029) 9.1. South America Assessment Services Market, by Deployment (2022-2029) 9.2. South America Assessment Services Market, by Assessment Application (2022-2029) 9.3. South America Assessment Services Market, by Product Type (2022-2029) 9.4. South America Assessment Services Market, by Sectors (2022-2029) 9.5. South America Assessment Services Market, by End-users (2022-2029) 9.6. South America Assessment Services Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1AON 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Korn Ferry 10.3 CEB 10.4 Psytech 10.5 Hogan Assessments 10.6 Aspiring Minds 10.7 TT Success Insight 10.8 Cubiks 10.9 Performanse 10.10 Talent Plus 10.11 Harrison assessments 10.12 AssessFirst 10.13 Chandler Macleod 10.14 TeamLease 10.15 IBM 10.16 DDI 10.17 NSEIT 10.18 Eduquity Career Technologies 10.19 Central Test 10.20StrengthsAsia 10.21MeritTrac 10.22Mettl 10.23Beisen

About This Report

Report ID 54365
Category Information Technology & Telecommunication
Published Date July 2023
Updated Date
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