Press release
Assessment Services Market to reach USD 12.47 Bn by 2029, emerging at a CAGR of 7.3 percent and forecast 2023-2029
Assessment Services Market
Assessment services play a pivotal role in aiding companies to evaluate candidates based on various parameters, enabling them to identify, hire, and develop the best-fit talent for specific roles. With globalization and the need for skill assessment on the rise, the market is experiencing dynamic changes.
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Assessment Services Market Dynamics:
The Assessment Services Market is being driven by a surge in competitive examinations, an increased emphasis on skill assessment for employability, and the growing population of young labor force. The influx of job immigrants into both lower-skilled and highly professional roles in developed countries is a notable trend. Additionally, the demand for efficient background checks due to new government regulations and the rise of fraudulent activities are boosting the assessment services market. The youth's increasing participation in the job market and entrepreneurial endeavors further fuel this growth.
Assessment Services Market Regional Insights:
The Asia Pacific region is poised to achieve the highest CAGR of 8.8% during the forecast period, primarily driven by the region's large population, the proliferation of competitive examinations and certifications, and the increasing emphasis on skill assessment for employability. India, in particular, is expected to grow at a CAGR of 10.5% during the forecast period and held nearly 30% of the market share in the Asia Pacific region.
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Assessment Services Market Segmentation:
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
Assessment Services Market Key Players:
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
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Table of content for the Assessment Services Market includes:
Global Assessment Services Market: Research Methodology
Global Assessment Services Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Assessment Services Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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