Asia Pacific Personality Assessment Solutions Market is Booming Worldwide with Prominent Players | Criteria Corp, Persona Labs, SHL, Mercer LLC, Hogan Assessments

The personality assessment solutions market in Asia Pacific is expected to grow from US$ 1,989.81 million in 2021 to US$ 4,823.20 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028.

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According to the Statista data, as of January 2021, there were 4.66 billion internet users present globally (59% of the world population). From this total, 92.6% (4.32 billion) accessed the internet through mobile devices, till 2020, APAC was the region with the most significant number of online users with over 2.5 billion. In 2020, China dominated the market share globally, followed by India, China had more than 854 million internet users, and India had around 560 million internet users. Therefore, digitalization and the internet are in the initial phase. The continuous growth in the internet users also let the industries transform their business to the digital platform. The need for cloud technology has positively impacted companies because of the storage and data transfer facilities. Most importantly, the use of the cloud is cost-effective, thereby leading businesses to pay for the service as per their use. This factor has influenced the market growth. The cloud-based deployment of personality assessment solutions has been gaining popularity over the past few years. This is primarily due to the development of cloud infrastructure that has enabled easy availability of cloud storage and affordable pricing. Furthermore, training and development courses are made available to students to prepare them for academics, as well as professional sectors, and with cloud technology, there is no issue about the storage capacity. Additionally, it has been observed that businesses are moving toward adopting SaaS-based personality assessment solutions. The high cost of hardware, software, and data center operations are divided among customers by the vendor in the SaaS-based model, thereby allowing customers to avail top of the line infrastructure at a lower cost. Therefore, cloud-based personality assessment solutions will be in huge demand because of less cost and high availability of storage capacity. Thus, with the high penetration.

Market Introduction:
The increasing number of internet users is one of the factors for the growth of the personality assessment solutions market. As according to Statista data of 2021, China had a total of 854 million internet users in the second quarter of 2021, followed by India with 560 million internet users, and Japan with 118.63 million internet uses. Further, in 2020, South Korea had around 47 million internet users. This figure is projected to grow to ~48.13 million internet users by 2026. Similarly, in Australia there were 22.31 million internet users in January 2021. The number of internet users in Australia increased by 265 thousand (+1.2%) between 2019 and 2021. With the growing internet users across the region, the need of online recruitment process is growing, which ultimately drives the personality assessment solutions market growth. Every organization has unique recruiting needs, and as the organization grows, the needs change. Growth occurs rapidly in a few organizations, and it becomes almost impossible to meet the recruiting needs unless the process is changed. For example, Groupon, operated as gaopeng.com in China, is a daily deal website featuring regional and local deals on activities, restaurants, products, services, and more.

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Company Profiles:
• Criteria Corp
• Hogan Assessments
• Development Dimensions International, Inc.
• Persona Labs
• SHL
• TTI Success Insights
• Aon plc.
• Mercer LLC

Key Market Segments:
In terms of delivery type, the outsourced segment accounted for the largest share of the Asia Pacific personality assessment solutions market in 2020. In terms of end-user, the corporate/enterprise segment accounted for the largest share of the Asia Pacific personality assessment solutions market in 2020.

Asia Pacific Personality Assessment Solutions market- By Delivery Model:
1. In-House
2. Outsourced

Asia Pacific Personality Assessment Solutions market-by End-User
• Corporate/Enterprise
• BFSI
• Hospitality
• IT & Telecom
• Media & Entertainment
• Healthcare & Pharmaceutical
• Others
• Academic/Education
• Government

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