Personality Assessment Solutions Market is expected to reach USD 17.60 billion by the year 2028, at a CAGR of 13.4%.

Market Overview:
The Global Personality Assessment Solutions market was valued at USD 7.3 billion in 2021 and is expected to reach USD 17.60 billion by the year 2028, at a CAGR of 13.4%.

The measurement of human attributes is a personality assessment. Personality tests are a useful tool for gaining a deeper understanding of a person's personality traits, manner of communication, and behavioral tendencies. They also help you assign people the right training and encourage them to enroll in the right courses. Additionally, since the coronavirus outbreak, businesses are being impacted by international restrictions, judgments, and recommendations. It might be difficult to manage a staff with restricted availability. Personality tests help in better placement and reach insights into a candidate's abilities. Nevertheless, drawbacks of personality tests involve screening out of qualified candidates in cases when a mainstream personality fits the job type since the other candidate thinks out of the box.

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Market Dynamics:
Driver:
Smart classrooms, conference spaces, and other spaces are being developed as a result of the education sector's increasing digitization. A demand for personality evaluation solutions for training and development is also being created by the growing desire for hands-free speech augmentation and recording. Additionally, consumers are spending more on education, training, and development thanks to rising disposable income, which is likely to boost demand for personality assessment tools over the projection period. Additionally, by putting learners in the context of real-world experiences or issues, training and development through the Internet of Things (IoT) and Blockchain technologies encourage excellent learning experiences.

Opportunities/Market Trend:
The adoption of new training approaches by employees is anticipated to be greatly accelerated by organizations thanks to developing technologies, which are expected to increase demand for workers. Therefore, during the forecast period, the market for personality assessment solutions is expected to benefit from the rise in demand for digital workspaces. The rising demand for digital skills training in APAC economies such as India, Australia, Indonesia, Japan, South Korea, and Singapore, offers a lucrative opportunity for the personality assessment solutions market

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Segmentation for the Personality Assessment Solutions Market
Based on the delivery model, the outsourced delivery model is expected to dominate the personality assessment solutions market during the forecast period. Outsourcing is a business practice in which services or job functions are hired out to a third party.

Based on the industry vertical, banking, financial service, and insurance (BFSI) is expected to dominate the personality assessment solutions market during the forecast period. There has been a massive requirement for newbie sales and customer relations personnel in various end-use industries such as banking, finance, and insurance. These industries are getting organized and facing a significant need for front-line staff.

By Type
• In-House
• Outsourced

By Channel Provider
• Chatbots & Assistants
• Accessibility
• Digital Game
• Interactive learning

By Offering
• Synchronous
• Asynchronous

By Industry Vertical
• BFSI
• Healthcare & Life Sciences
• Media & Entertainment
• Telecommunications & IT
• Government & Public Sector
• Others

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Regional Analysis for the Personality Assessment Solutions Market
North America is anticipated to register the maximum personality assessment solutions market share during the forecast period, due to the massive application of personality assessment solutions for training, development, and recruitment. North America is a hub for the latest technologies and innovations. The major US companies opted to incorporate personality testing into their hiring processes. The United States held the dominant position in the market and is anticipated to continue its dominance during the forecast period. This is mainly owing to the presence of well-established and technologically developed players in the region.

Top Key Players Covered in Personality Assessment Solutions Market
• SIGMA Assessment Systems Inc.
• Hogan Assessments
• Criteria Corp.
• Gallup Inc.
• Development Dimensions International Inc.
• Persona Labs
• SHL
• Paradox Inc.
• TTI Success Insights
• Mind Gym plc
• Aon plc.
• Mercer LLC
• Crystal Project Inc.
• Eightfold AI
• Thomas International Ltd
• The Myers & Briggs
• Culture Index
• The Predictive Index
• Franklin Covey Co.
• Traitify Inc. and other Major Players.

Key Industry Developments in the Personality Assessment Solutions Market
In June 2021, Russell Reynolds Associates and Hogan Assessments declared a 5-year extension to their global partnership, which is developed to hasten the development of growing leaders and improve the success rate of executive appointments.
In March 2021, Sif Criteria declared that it acquired Australia-based Alcami Interactive, one of the most on-demand video interviewing platforms. Criteria will be providing its 4000+ customers with Alcami's video interviewing service by its platform.
In January 2021, Aon Plc has joined hands with Kaplan, an education supplier, to combine Aon's industry-leading talent assessment capabilities with Kaplan Performance Academy (KPA), a digital environment that hosts and coordinates custom-tailored learning, coaching, and assessments. This collaboration aims to provide clients with an end-to-end solution.

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Table Of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Channel Provider
 3.3 By Offering
 3.4 By Industry Vertical

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Personality Assessment Solutions Market by Type
 5.1 Personality Assessment Solutions Market Overview Snapshot and Growth Engine
 5.2 Personality Assessment Solutions Market Overview
 5.3 In-House
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 In-House: Grographic Segmentation
 5.4 Outsourced
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Outsourced: Grographic Segmentation

Chapter 6: Personality Assessment Solutions Market by Channel Provider
 6.1 Personality Assessment Solutions Market Overview Snapshot and Growth Engine
 6.2 Personality Assessment Solutions Market Overview
 6.3 Chatbots & Assistants
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Chatbots & Assistants: Grographic Segmentation
 6.4 Accessibility
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Accessibility: Grographic Segmentation
 6.5 Digital Game
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Digital Game: Grographic Segmentation
 6.6 Interactive Learning
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Interactive Learning: Grographic Segmentation
Continued……

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