ASSESSMENT SERVICES Market Latest Trends and Analysis, Future Growth Study by 2030

The market is seeing revenue growth due to reasons such as increased demand for assessment services from competition-conducting authorities to enrol in specialised exam-conducting firms and rising desire among governments and corporations to put applicants through online exams. Other significant factors influencing the growth of the global assessment services market's revenue include an increase in the number of courses offered in the education sector, a shift in preference toward online testing and assessment due to the steady digitization trend, and a focus on reducing the use of paper for testing at the domestic and international levels without the need for travel and at the convenience and time of the applicants. Due to a change in how competitive exams like the CAT, GRE, and others are conducted, there is a growing demand for electronic books, online information, and interactive study resources.

Through automated processes, comprehensive reporting, and little to no need to hire specialists to administer and deliver training or offer continuing education, corporate e-Learning enables firms to save HR expenses related to training, onboarding, recruitment, retention, and appointment. Online testing entails using the Internet to administer quizzes or tests, with candidates evaluated using a fully automated system. The preference for online exams among corporations and governments in various nations is anticipated to significantly contribute to market revenue growth.

Driver: Increasing demand for talent evaluation to improve employability
The majority of corporate assessment services incorporate activities and instruction for staff members' professional growth. Focusing on professional development through assessment services aids employees in strengthening their performance and developing their skills. These services are used as training to prepare new hires, educate current workers on new skill sets needed for their current assignments, and promote workers into positions requiring various skill sets. Assessment services ensure that workers are knowledgeable about changing job requirements and alterations to both internal and external conditions within the concerned industry. Employees are able to see how their actions have a positive impact on the overall objectives of the company.

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Global Assessment Services Market: Major Players
Prometric Testing
Mettl Online Assessment
Pearson India Education Services
MeritTrac Services
CoCubes
Aspiring Minds
Sify Technologies
eLitmus Evaluation
EdCIL (India)
Tata Consultancy Services

Global Assessment Services Market: Types
Online Medium
Offline Medium

Global Assessment Services Market: Applications
Entrance Assessment Services
Recruitment & Promotion Assessment Services
Certification Assessment Services

Global Assessment Services Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Assessment Services market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Key questions answered by the report

•What is the expected CAGR in terms of revenue for the global assessment services market over the forecast period (2021-2028)?

•What was the global assessment services market valued at in 2020?

•Which factors are expected to drive adoption of assessment services?

•Which was the leading segment in the global assessment services market among the medium segments in 2020?

•What are some factors restraining revenue growth of the global assessment services market?

•Who are the top players or companies in the global assessment services market?

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