Corporate Assessment Services Market to 2027
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others)
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others)
The Corporate assessment services market in global is expected to grow from US$ 2.71 Bn in 2018 to US$ 4.69 Bn by the year 2027. This represents a CAGR of 6.5% from the year 2019 to 2027.
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others)
North America was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The North America corporate assessment services market size is expected to gradually increase in the coming years till 2027. North America is a potential region in terms of technology, and the region invests billions of dollars in deploying advanced technology in various industries such as the corporate industry. The growth in technology-facilitated assessments in the region has created a positive impact on employer talent acquisition. The rate of unemployment has been high in the past. However, it has decreased in recent years due to the rising number of young jobseekers and the growing economic growth of various countries in APAC, including India and China. The developments in youth labor markets in North America, Sub-Saharan Africa, and Europe have attracted more talent toward these regions, which led to the increase in employment rate during 2010–2016. Strong internet infrastructure in various regions has enabled applicants to search for jobs in various industries anytime and anywhere. The robust internet infrastructure providing an online platform for the hiring process is also benefitting the employers looking for potential candidates from different areas of the world.
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others) A rising number of young jobseekers is one of the substantial factors boosting the adoption of corporate assessment services as this rise is compelling organizations to conduct the process of recruitment with the assistance of tools such as cognitive, personality, language proficiency tools, and so on. They can also access online platforms for assessing tests along with figuring out new forms of work in several industries, which can provide flexibility to them while searching for a job.
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others) The global corporate assessment services market by product was led by the knowledge segment. The cognitive segment held the second-largest market in 2018 and is anticipated to increase its shares during the forecast period from 2019 – 2027. Companies Mentioned AON Plc Arctic Shores Limited Aspiring Minds Birkman International, Inc. Development Dimensions International, Inc. HireVue IBM Corporation Korn Ferry Mettl Online Assessment SHL
Global Analysis and Forecast by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others)
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