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

VANCOUVER, BRITISH COLUMBIA, CANADA, May 3, 2023 /EINPresswire.com/ -- The ‘Global Assessment Services Market Price, Trends, Size, Share, Report and Forecast 2023-2032’ by Emergen Research gives an extensive outlook of the global Assessment Services market, assessing the market on the basis of its segments like technologies, end uses, raw materials, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

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.

Scope of Research:

The market Size Value in 2032: USD 23.28 Bn

CAGR (2023-2032): 7.3%

Report Coverage: Revenue Forecast, Company Ranking. Competitive landscape, growth factors, and trends

Customization Scope: 10hrs of free customization and expert consultation

You Can Download Free Sample PDF Copy of This Report@ https://www.emergenresearch.com/request-sample/182

The sample report provides a glimpse into the market's size, share, trends, and growth prospects over the forecast period, as well as a detailed overview of the various segments and sub-segments covered in the full report. This will help you assess whether the report meets your business needs and requirements.

The report also highlights the major mergers and acquisitions, partnerships, collaborations, and agreements among the players to expand their market presence and increase their customer base. It also provides an overview of the market share held by each player and their respective competitive position in the market.

The competitive landscape analysis is essential for businesses and investors seeking to gain a competitive advantage in the market. It helps them to understand the strategies adopted by their competitors and the challenges they may face in the market.

Leading Players in the Global Assessment Services Market- 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 Key Highlights from the Report

Coding test segment accounted for significantly large revenue share in 2021. Evaluating coding skills of programmers has emerged as an essential procedure in recruitment in IT and software firms. These types of assessment tests are generally conducted to hire a software developer or programmer. The different screening methods for hiring a programmer are a coding test or programming test, an online code test or software test, and an online proctored code test.

K-12 includes 12 years – from Kindergarten to 12th grade – and steady increasing competitiveness among school students and study efforts and options for preparation for competitive exams from an early age is driving revenue growth of this segment. For instance, Byju’s Think & Learn is a K-12 based online platform that offers plenty of courses focusing on India's K-12 students. The company provides improved learning services through online, next-level, intuitive graphical programs and enhanced self-assessment services.

Entrance assessment services are a way for educational institutes and organizations to understand the potential of a student or candidate. It is usually used as an educational skills assessment by schools and colleges as a part of the general admission process. The primary purpose of entrance assessment services is to help the client ascertain that all the selected individuals possess the required skills and proficiencies needed to face the challenges in the specific job role or educational program.

The Assessment Services market has been segmented by Emergen Research based on various factors including components, platforms, offerings, technologies, applications, end-users, and regions.

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

Consult with our expert analysts to gain a deeper understanding of the Assessment Services market: https://www.emergenresearch.com/purchase-enquiry/182  

Key Market Drivers and Challenges:

The report provides a comprehensive analysis of the global Assessment Services market, evaluating the market on the basis of various segments such as diagnostic and treatment methods, route of administration, treatment channels, and major regions.

The report offers insights into the key drivers, challenges, and opportunities shaping the market's landscape, along with a detailed overview of the market's size, share, trends, and growth prospects over the forecast period from 2022 to 2030.

The report delves into the market's various segments and sub-segments, highlighting the key factors driving growth in each category.

The report examines the competitive landscape of the market, profiling the leading players and their strategies for gaining a competitive edge.

The report also provides a free sample report with a comprehensive table of contents, allowing businesses and investors to assess whether the report meets their needs before investing in the full report.

Overall, the report provides valuable insights into the global Assessment Services market, making it a valuable resource for businesses and investors seeking to gain a comprehensive understanding of the industry's landscape.

Regional Segmentation:

North America

Latin America

Europe

Middle East & Africa

Asia Pacific

Stay up to date with the latest industry trends and insights by Downloading to our Sample: https://www.emergenresearch.com/request-history/182

We hope that this report provides valuable insights for our readers. Please feel free to contact us for any further information or assistance.

At Emergen Research, we are dedicated to providing our clients with unparalleled market research and consulting services. Our comprehensive solutions are designed to help businesses locate, target, and analyze consumer behavior shifts across demographics and industries, empowering them to make smarter decisions.

We offer a wide range of market intelligence studies that provide relevant, fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. Our team of experienced analysts is equipped with diverse areas of expertise, allowing us to provide concrete solutions to any research problems our clients may face.

We are committed to staying up-to-date with the latest market trends and continuously updating our research offerings to ensure our clients are always informed. By working with Emergen Research, our clients gain a competitive edge over their respective competitors and can make informed decisions that drive their business forward.

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Emergen Research
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