The research takes a closer look at the key factors driving the growth rate of major product categories across major geographies
VANCOUVER, BC, CANADA, April 14, 2022 /EINPresswire.com/ — Global Assessment Services Market research report published by Emergen Research contains the latest information on product specification and portfolio, technological advancement, product type
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 tests 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.
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The report further offers comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry. It also covers the strategies adopted by prominent players such as mergers and acquisitions, collaborations, joint ventures, product launches and brand promotions, among others. The report aims to provide readers with a comprehensive understanding of the relevant characteristics of the industry.
Key players profiled in the report are: 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 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 the 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 main 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 report provides comprehensive market details with respect to overall revenue, sales and consumption, price trends, gross margins, growth rate and market size. Additionally, the report also covers company details, such as sales and distribution area, product portfolios, specifications, etc.
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 aims to provide a comprehensive analysis of the global Assessment Services market with significant details of major market players from relevant primary and secondary research data. The report also aims to benefit the user by providing constructive data to better understand the market growth, size and investment approaches. Additionally, the report provides in-depth analysis of the Assessment Services market, including key data, such as factors influencing market growth, buyers and sellers, production and consumption, and revenue.
Key questions answered by the report:
What will be the estimated growth rate of the Assessment Services market?
Who are the key market distributors, vendors and manufacturers?
What are the driving and restraining factors for the growth of the Assessment Services market through the forecast period?
What are the current and future market trends of the Assessment Services market?
What are sales and price analysis of the product by types, applications and regions?
What are the expected opportunities for companies and new entrants in the years to come?
The report shows the progress and advancements made by the global Assessment Services Market, including historical analysis and progress in the forecast years. The report provides valuable information for stakeholders, investors, product managers, marketing executives, and other industry professionals. The report provides an accurate estimate by applying SWOT analysis and Porter’s five forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of key companies involved in the market.
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