Personality Assessment Solution Market Global Industry Size, Share, Trend, Demand, Top Players

According to our latest market study on "Personality Assessment Solutions Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Delivery Model and End-User," the market is expected to grow from US$ 7,421.59 million in 2021 to US$ 16,461.43 million by 2028; it is estimated to grow at a CAGR of 12.1% 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 global population). From this total, 92.6% (4.32 billion) accessed the internet through mobile devices. The countries with the highest internet penetration rate globally are Denmark, the UAE, and Sweden. Further, till 2020, APAC was the region with the most significant number of online users with over 2.5 billion and Europe was ranked second with almost 728 million internet users. In 2020, China dominated the market share globally, followed by India and the US.

China had more than 854 million internet users, and India had around 560 million internet users. Still, there are many countries, such as Oman, Qatar, and Kuwait, where 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 Key Players in The Global Market Are:

Criteria Corp.
Hogan Assessments
Development Dimensions International, Inc.
Persona Labs
SHL
SIGMA Assessment Systems Inc.
Paradox, Inc.
TTI Success Insights
Aon plc.
Mercer LLC
Based on delivery model, the personality assessment solutions market is bifurcated into in-house and outsourced. In 2020, the outsourced segment led the market, accounting for a larger share in the market. On the basis of end-user, the personality assessment solutions market is segmented into corporate/enterprise, academic/education, and government. In 2020, the corporate/enterprise segment accounted for the largest market share. Based on corporate/enterprise, the personality assessment solutions market is subsegmented into BFSI, hospitality, IT & telecom, media & entertainment, healthcare & pharmaceutical, and others. In 2020, the IT & telecom segment accounted for the largest market share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, Europe accounted for the significant share in the global market.

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Impact of COVID-19 Pandemic on Personality Assessment Solution Market Growth

The COVID-19 pandemic has been affecting most of the businesses globally. The continuous growth in the number of COVID-19 confirmed cases compelled governments to impose mass lockdowns, business shutdowns, and the restrictions on humans and goods transportation.

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This release was published on openPR.