Assessment Services Market High Demand, Recent Trends, Future Growth, Business Scenario

Surge in demand for skill assessment for better employability is one of the significant factors driving market revenue growth

The global assessment services market size reached USD 12.32 Billion in 2021 and is expected to register a revenue CAGR of 7.3% during the forecast period, according to latest analysis by Emergen Research. Increasing number of competitive examinations and certifications and rising need for skill assessment for increasing employability are some key factors driving global assessment services market revenue growth.

Rising necessity among competition-conducting bodies associated with tests such as TOEFL and PAPI 3 to sign up specialist exam-conducting firms and growing inclination among various sectors to opt for online computer-based tests are other key factors driving revenue growth of the global market. Focus on professional development through assessment services helps employees to develop their skills and improve performance. These services are used as part of training to accommodate new employees, educate current employees and impart new skills for the same job, and promote employees into positions requiring different skill sets.

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The report, additionally, offers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches, and brand promotions, among others. The report aims to offer the readers a holistic understanding of the relevant features of the industry.

Key Players Profiled in the Report are: Korn Ferry, Pearson Education Inc., Aon Plc, TeamLease, Development Dimensions International, Inc., Mercer LLC, PSI Services LLC, Hogan Assessments, Talent Plus Inc., and IBM Corporation.

The report provides comprehensive details about the market with respect to overall revenue, sales and consumption, pricing trends, gross margins, growth rate, and market size. Additionally, the report also covers details of the company, such as sales and distribution area, product portfolios, specifications, and others.

Emergen Research has segmented the global assessment services market on the basis of product type, service type, medium, sectors, and region:

Product Type Outlook (Revenue, USD Billion; 2019�"2030)

• Psychometric Test
• Aptitude Tests
• Coding Tests
• Others

Service Type Outlook (Revenue, USD Billion; 2019�"2030)

• Entrance Assessment Services
• Recruitment & Promotion Assessment Services
• Certification Assessment
• Pre-Employment Assessment Service
• Development Assessment Service

Medium Outlook (Revenue, USD Billion; 2019�"2030)

• Online
• Offline

Sectors Outlook (Revenue, USD Billion; 2019�"2030)

• K-12
• Higher Education
• Corporate
• Government

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The report aims to provide a complete analysis of the global Assessment Services market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Assessment Services market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.

Key Questions Answered in the Report:

• What will be the estimated growth rate of the Assessment Services market ?
• Who are the prominent distributors, vendors, and manufacturers of the market?
• What are the driving and restraining factors of the growth of the Assessment Services market throughout the forecast period?
• What are the current and future market trends of the Assessment Services market?
• What are the sales and price analysis of the product by types, applications, and regions?
• What are the expected opportunities for the companies and new entrants in the coming years?

The report demonstrates the progress and advancement achieved by the global Assessment Services market, including the historical analysis and progress through forecast years. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimation by applying SWOT analysis and Porter’s Five Forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market.

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