Assessment Services Market Analysis by Key Segment, Competitor Analysis, Product Research and Forecast by 2030
Rising demand for skills assessment for better employability is one of the major drivers of market revenue growth
VANCOUVER, BRITISH COLUMBIA, CANADA, July 19, 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 increasing need for skills assessment to increase employability are key factors driving the revenue growth of the global assessment services market.
The Global Assessment Services Market report is a detailed investigation of various market segments, factors driving and restraining market growth, and regional landscape based on data gathered from primary and secondary sources of data collection. data, as well as research. methodology used for the analysis provided in the study. The market overview, SWOT analysis, and an overview of the strategies adopted by key players operating in the Assessment Services market help in understanding the market forces and how those can be exploited to benefit from future opportunities.
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 growing 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.
𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 : https://www.emergenresearch.com/request-history/182
Key Market Players Mentioned In This 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.
Some highlights of the report
The coding testing segment accounted for a significantly large revenue share in 2021. Assessing the coding skills of programmers has become an essential procedure in recruitment in IT and software companies. These types of benchmark tests are usually done to hire a software developer or programmer. The different screening methods for hiring a programmer are coding test or programming test, online code test or software test, and online proctored code test.
K-12 spans 12 years – K-12 – and ever-increasing competitiveness among students and early-stage study efforts and competitive preparation options are driving growth in this segment. For example, Byju’s Think & Learn is a K-12 based online platform that offers many courses geared towards Indian K-12 students. The company provides enhanced learning services through intuitive next-level online graphics programs and enhanced self-assessment services.
Entrance assessment services are a way for educational institutions and organizations to understand the potential of a student or candidate. It is typically used as an assessment of teaching skills by schools and colleges as part of the general admissions process. The primary objective of entry assessment services is to help the client ensure that all selected individuals possess the skills and competencies required to meet the challenges of the specific role or educational program.
The research study gives a comprehensive analysis of the market using several analytical tools and helps to identify and capitalize on the growth prospects existing in the Assessment Services market. It also offers accurate information on common trading strategies. The market overview gives growth estimates based on historical analysis and detailed assessment of gross revenue, demand and supply dynamics, volume, market share, structure price and profit margin for each market segment. The regional analysis considers overall sales and CAGR to highlight the leading companies in each regional market based on product types and product applications.
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)
Service Type Outlook (Revenue, USD Billion; 2019-2030)
Entrance Assessment Services
Recruitment and Promotion Assessment Services
Pre-Employment Assessment Service
Development Assessment Service
Average Outlook (Revenue, USD Billion; 2019-2030)
Industry Outlook (Revenue, USD Billion; 2019-2030)
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The report offers three types of assessment services and uses analytical tools such as Porter’s five forces analysis, SWOT analysis, and qualitative and quantitative market assessment. It estimates the size of the market in the forecast duration by studying its value, volume, market share, growth rate, and other market essentials. It gives detailed company profiles, in which the analysts explain the expansion tactics adopted by the market leaders, including the long and short term strategies, and other vital competitive factors of the significant companies in the market global valuation services.
The report provides an in-depth study of the products, applications, and regional segments of the global Nano- and Micro-Satellite industry. As part of the regional analysis, the report includes an assessment of major regions in North America, Europe, India, China, and EMEA.
Reasons to buy this report:
It assesses a complete structure and overview of the appraisal services industry.
It provides accurate information on critical factors such as drivers and restraints, growth rate, value, volume, market share and global revenue.
It studies the growth prospects, challenges, drivers, and restraints operating in the market.
It allows the reader to understand the competition in the Valuation Services market by evaluating major vendors, with elaborate company profiles, gross revenue, profit margin, import-export status and global market share.
It sheds light on pricing structure, demand and supply dynamics, value chain analysis, SWOT analysis to support the formulation of lucrative business strategies.
It lists the data sources referred to during the study, detailed research methodology and other key findings.
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The Assessment Services market report also includes investment analysis and growth trend analysis to help readers maximize their return on investment. It highlights the growth opportunities existing in the global assessment services market segments. It offers an in-depth survey of import and export status and production and consumption rates. The Assessment Services Market report also provides some of the essential aspects of the market to make a forecast for the coming years based on the information derived under the historical analysis and an analysis of the market scenario current.
Emergen Research is a market research and consulting firm that provides syndicated research reports, custom research reports, and consulting services. Our solutions are uniquely focused on your goal to locate, target and analyze changes in consumer behavior across demographics, across industries, and help customers make smarter business decisions. We offer market intelligence research ensuring relevant and factual research across multiple sectors including health, touchpoints, chemicals, types and energy. We are constantly updating our search offerings to ensure that our clients are aware of the latest trends existing in the market. Emergen Research has a strong base of experienced analysts from a variety of areas of expertise. Our industry experience and ability to develop a workable solution to any research problem gives our clients the ability to secure an edge over their respective competitors.