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Assessment Services Market By Type, By Medium, And Segment Forecasts, 2016-2026

  • ID: 5206631
  • Report
  • September 2020
  • Region: Global
  • 215 pages
  • Reports and Data

FEATURED COMPANIES

  • AON PLC
  • Chandler Macleod
  • Hogan Assessments
  • MeritTrac
  • Prometric Inc.
  • Talent Plus Inc.
  • MORE
The growing population of the young labor force in developing countries, along with a significant rise in the number of competitive examinations and certifications, is propelling the growth of the assessment services market.

Market Size - USD 6.52 billion in 2019, Market Growth - CAGR of 7.3%, Market Trends -Increased preference for online exams among governments and corporate sector.

The Global Assessment Services Market size was valued at USD 6.52 billion in 2019 and is forecast to reach USD 11.51 Billion, delivering a CAGR of 7.3% by 2027, according to a new report by Reports and Data. The market growth is driven by the increased preference for online exams among the government and corporate sectors and associated demand from competition-conducting authorities to bring on board specialist exam-conducting companies. The recruitment method is becoming more effective with the deployment of technology and also in enabling companies to choose potential candidates with the help of aptitude tests.

nternet platforms are offering new and various forms of employment, along with adaptability and high income-earning opportunities. A significant rise in the number of young entrepreneurs and jobseekers across the globe is the key factor supplementing the assessment service market revenue share.

Corporate e-Learning helps organizations cut down on HR costs associated with onboarding, training, retainment, appointment, and recruitment, with the help of automated processes and sophisticated reporting. The candidates are assessed on a fully automated platform in the online examinations.

Factors like connectivity issues, improper utilization of assessment tools, and budget concerns may hamper the growth of the assessment services market share over the analysis period. Due to limited budgets, several organizations are not able to have their own necessary software or hardware solutions or systems. However, the software is necessary for the implementation of the latest corporate training to invite employees who are willing to learn in a digitally advanced learning environment.

Further key findings from the report suggest
  • On the basis of type, the certification assessment services segment is forecast to register a growth rate of 8.7% over the projected timeframe. The robust growth can be attributed to the significance offered by these certification assessment services with a core focus on reviewing and determining the validation of submitted certification by individuals. The Certification Assessment Services reviews different types of accreditation, such as academic degrees, product certification, professional certification, and others.
  • Based on medium, the online assessments services segment contributed revenue of USD 4.53 Billion in the market share in 2019 and is estimated to witness a notable growth rate of 7.7% through 2027 on account of increasing emphasis to source and promote the candidates based on their attitude and aptitude, which are the key to achieve objectives in an organization.
  • In the regional landscape, the Asia Pacific region is estimated to witness the fastest growth rate of around 8.8% through 2027 on account of a rise in the number of certifications and competitive examinations coupled with the burgeoning requirement for skill assessment with growing employability in the region.
  • In 2019, India accounted for 29.9% of the APAC assessment service market share, with revenue generation of USD 0.43 Billion. India is projected to register a growth rate of nearly 10.5% through 2027.
  • In 2018, Europe accounted for USD 1.43 Billion in terms of revenue and is set to garner major gains over the forecast period. Moreover, the U.K. accounted for USD 0.28 Billion in terms of revenue in 2019 and is expected to deliver a CAGR of 4.9% through 2027.
  • Prominent players operating in the assessment services market are Korn Ferry, IBM Corporation, AON PLC, Pearson VUE, DDI, TeamLease, PSI Services LLC, Talent Plus Inc., Hogan Assessments, Cubiks, TTI Success Insights, Aspiring Minds, AssessFirst, Prometric Inc., Mettl, Chandler Macleod, Psytech International, and MeritTrac, among others.
  • Baidu Institute of Technology entered a partnership with Pearson VUE in 2019 to offer new deep learning certification examinations in China.
For the purpose of this report, Reports and Data has segmented the Global Assessment Services Market on the basis of type, medium, and region:

Type Outlook (Revenue, USD Million; 2017-2027)
  • Entrance Assessment Services
  • Recruitment & Promotion Assessment Services
  • Certification Assessment Services
Medium Outlook (Revenue, USD Million; 2017-2027)
  • Offline
  • Online
Regional Outlook (Revenue, USD Million; 2017-2027)
  • North America
  • U.S.
  • Europe
  • U.K.
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • Middle East & Africa
Reasons to Buy the Report
  • A robust analysis and estimation of the Assessment Services Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
  • A holistic competitive landscape of the all the major players in the Assessment Services market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
  • Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
  • Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
  • Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AON PLC
  • Chandler Macleod
  • Hogan Assessments
  • MeritTrac
  • Prometric Inc.
  • Talent Plus Inc.
  • MORE
Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2016-2026

Chapter 3. Indicative Metrics

Chapter 4. Assessment Services Segmentation & Impact Analysis
4.1. Assessment Services Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing number of competitive examinations and certifications
4.2.2.2. Growing need for skill assessment for increasing employability
4.2.2.3. Rising population of the young labor force
4.2.2.4. Increasing demand from competition conducting authorities to enroll specialist exam conducting companies
4.2.2.5. Growing preference among corporates and the government to opt for online exams
4.2.3. Market restraints analysis
4.2.3.1. Budget Concerns
4.2.3.2. Connectivity Issue
4.2.3.3. Improper utilization of assessment tools
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Assessment Service Market by Assessment Service Type Insights & Trends
5.1. Assessment Service Types dynamics & Market Share, 2019 & 2026
5.2. Entrance Assessment Services
5.2.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.2.2. Market estimates and forecast, by Region, 2016 - 2026 (USD Million)
5.3. Recruitment & Promotion Assessment Services
5.3.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.3.2. Market estimates and forecast, by Region, 2016 - 2026 (USD Million)
5.4. Certification Assessment Services
5.4.1. Market estimates and forecast, 2016 - 2026 (USD Million)
5.4.2. Market estimates and forecast, by Region, 2016 - 2026 (USD Million)

Chapter 6. Assessment Service Market by Medium Insights & Trends
6.1. Medium dynamics & Market Share, 2019 & 2026
6.2. Offline
6.2.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.2.2. Market estimates and forecast, by Region, 2016 - 2026 (USD Million)
6.3. Online
6.3.1. Market estimates and forecast, 2016 - 2026 (USD Million)
6.3.2. Market estimates and forecast, by Region, 2016 - 2026 (USD Million)

Chapter 7. Assessment Services Market Regional Outlook
7.1. Assessment Services Market share by region, 2019 & 2026
7.2. North America
7.2.1. North America Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.2.2. North America Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.2.3. North America Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.2.4. U.S.
7.2.4.1. U.S. Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.2.4.2. U.S. Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.2.4.3. U.S. Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.3. Europe
7.3.1. Europe Assessment Services Market estimates and forecast, 2016 - 2026,
7.3.2. Europe Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.3.3. Europe Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.3.4. U.K.
7.3.4.1. U.K. Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.4.2. U.K. Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.3.4.3. U.K. Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.3.5. France
7.3.5.1. France Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.3.5.2. France Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.3.5.3. France Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.4. Asia-Pacific
7.4.1. Asia-Pacific Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.2. Asia-Pacific Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.4.3. Asia-Pacific Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.4.4. China
7.4.4.1. China Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.4.2. China Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.4.4.3. China Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.4.5. India
7.4.5.1. India Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.5.2. India Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.4.5.3. India Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.4.6. Japan
7.4.6.1. Japan Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.4.6.2. Japan Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.4.6.3. Japan Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.5. Middle East and Africa
7.5.1. Middle East and Africa Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.5.2. Middle East and Africa Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.5.3. Middle East and Africa Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.6. Latin America
7.6.1. Latin America Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.6.2. Latin America Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.6.3. Latin America Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)
7.6.4. Brazil
7.6.4.1. Brazil Assessment Services Market estimates and forecast, 2016 - 2026, (USD Million)
7.6.4.2. Brazil Assessment Services Market estimates and forecast by Assessment Service Type, 2016 -2026, (USD Million)
7.6.4.3. Brazil Assessment Services Market estimates and forecast by Medium, 2016 -2026, (USD Million)

Chapter 8. Competitive Landscape
8.1. Market Revenue Share by Manufacturers
8.2. Manufacturing Cost Breakdown Analysis
8.3. Mergers & Acquisitions
8.4. Market positioning
8.5. Strategy Benchmarking
8.6. Vendor Landscape

Chapter 9. Company Profiles
9.1. Korn Ferry
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Type Insights
9.1.4. Strategic Initiatives
9.2. AON PLC
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Type Insights
9.2.4. Strategic Initiatives
9.3. IBM Corporation
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Type Insights
9.3.4. Strategic Initiatives
9.4. Pearson VUE
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Type Insights
9.4.4. Strategic Initiatives
9.5. TeamLease
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Type Insights
9.5.4. Strategic Initiatives
9.6. DDI
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Type Insights
9.6.4. Strategic Initiatives
9.7. PSI Services LLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Type Insights
9.7.4. Strategic Initiatives
9.8. Hogan Assessments
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Type Insights
9.8.4. Strategic Initiatives
9.9. Talent Plus Inc.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Type Insights
9.9.4. Strategic Initiatives
9.10. Cubiks
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Type Insights
9.10.4. Strategic Initiatives
9.11. Aspiring Minds
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Type Insights
9.11.4. Strategic Initiatives
9.12. TTI Success Insights
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Type Insights
9.12.4. Strategic Initiatives
9.13. AssessFirst
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Type Insights
9.13.4. Strategic Initiatives
9.14. Mettl
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Type Insights
9.14.4. Strategic Initiatives
9.15. Prometric Inc.
9.15.1. Company Overview
9.15.2. Financial Performance
9.15.3. Type Insights
9.15.4. Strategic Initiatives
9.16. Chandler Macleod
9.16.1. Company Overview
9.16.2. Financial Performance
9.16.3. Type Insights
9.16.4. Strategic Initiatives
9.17. MeritTrac
9.17.1. Company Overview
9.17.2. Financial Performance
9.17.3. Type Insights
9.17.4. Strategic Initiatives
9.18. Psytech International
9.18.1. Company Overview
9.18.2. Financial Performance
9.18.3. Type Insights
9.18.4. Strategic Initiatives
Note: Product cover images may vary from those shown
  • Korn Ferry
  • AON PLC
  • IBM Corporation
  • Pearson VUE
  • TeamLease
  • DDI
  • PSI Services LLC
  • Hogan Assessments
  • Talent Plus Inc.
  • Cubiks
  • Aspiring Minds
  • TTI Success Insights
  • AssessFirst
  • Mettl
  • Prometric Inc.
  • Chandler Macleod
  • MeritTrac
  • Psytech International
Note: Product cover images may vary from those shown
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