Driving assessment

Emerging Trend of the Competitor Assessment, Analysis and Monitoring Services Market – Global Market Overview 2021 to 2028

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Rising demand for skills assessment for better employability is one of the major drivers of market revenue growth

VANCOUVER, BC, CANADA, March 14, 2022 /EINPresswire.com/ — The Global assessment services market size reached $12.32 billion in 2021 and is expected to register a revenue CAGR of 7.3% during the forecast period, according to the latest analysis from Emergen Research. Growing number of competitions and certifications and growing need for skills assessment to increase employability are key factors driving the revenue growth of the global assessment services market.

The growing need among competition bodies associated with tests such as the TOEFL and PAPI 3 to register with companies that specialize in conducting exams and the increasing propensity of various industries to opt for online testing computer-based are other key factors driving the revenue growth of the global market. The emphasis on professional development through assessment services helps employees develop their skills and improve their performance. These services are used as part of training to welcome new employees, educate current employees and impart new skills for the same job, and promote employees to positions requiring different skills.

The report sheds light on current and upcoming market trends. The report offers accurate information about market price, capacity, value, gross revenue and profit. The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders and businesses to enhance their share in the global IT Services market. ‘Evaluation. It also provides detailed information regarding key drivers, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.

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Increase in younger workforce is a key factor propelling the growth of the market. Businesses and governments place emphasis on selecting a candidate to undergo assessment testing to meet organizational requirements. According to data published by the United States Bureau of Labor Statistics, the youth labor force increases significantly between April and July each year. Large numbers of high school and college students typically seek summer jobs during this time, and many graduates enter the workforce to seek or start permanent jobs. In the summer of 2020, the youth labor force increased by 19.8% – or 3.6 million individuals – to reach an overall labor force of 21.5 million in July, compared to 18.8 million in 2019.

Purpose of the report:

Additionally, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of company profiles along with product profiles, production capabilities, products/services, price analysis, profit margins, and manufacturing process developments. The report also covers the strategic business actions taken by the companies to gain substantial market share. The report provides relevant information on recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements and government agreements.

Key Companies Featured in the Report: 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 comprehensive Global Assessment Services Market report demonstrates that the Global Assessment Services Market is expected to grow at a steady CAGR throughout the forecast period. The report has analyzed the key market drivers, restraints, growth opportunities, investment opportunities, threats and limitations of the Assessment Services Market. The report also offers an accurate forecast estimate at global and regional level to give a better understanding of the scope of the market.

Emergen Research has segmented the global assessment services market on the basis of product type, service type, support, industries, 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 and Promotion Assessment Services

Certification Assessment

Pre-Employment Assessment Service

Development Assessment Service

Average Outlook (Revenue, USD Billion; 2019-2030)
In line

Offline

Industry Outlook (Revenue, USD Billion; 2019-2030)
K-12

Higher Education

Business

Government

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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

regional segmentation;

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

Summary of key points from the report:

The report offers a comprehensive overview of the market size, share, and growth rate over the forecast duration.

It provides details of the current scenario, historical data, giving an accurate forecast of the market for the coming years.

The study categorizes the market based on product types, applications, end-users, market value and volume, industry verticals, and 5 major regions.

It also offers regional market analysis and forecasts for the major geographies of the industry i.e. North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. .

Industry supply chain, sourcing strategy, upstream raw materials and downstream demand analysis have also been undertaken in the research report.

The study offers a comprehensive understanding of demand and supply dynamics, including production and consumption rates, and overall market mapping.

The report uses different analytical tools including SWOT analysis, Porter’s five forces analysis, and price analysis to provide accurate market insights.

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About Us:

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

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Emerging research
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