Corporate Assessment Services Market Size Will Hit USD 3,500 Million by 2026
The global corporate assessment services market in 2019 was approximately USD 2,000 Million. The market is expected to grow above a CAGR of 8.0% and is anticipated to reach over USD 3,500 Million by 2026.
The corporate assessment normally includes talent assessment tests, pre-employment tests, career aptitude tests, personality tests, learning and thinking assessment, personality/behavioral assessment, technical and domain knowledge assessment, etc. Corporate assessment is often opted by companies for choosing the appropriate candidate for the position. Corporate and performance assessment helps HR for designing tests in various formats made available by assessment service providers. Regular assessment of employees can help the company to track employee performance and the team can address the performance issue.
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The corporate assessment services market research report delivers an acute valuation and taxonomy of the corporate assessment services industry by practically splitting the market on the basis of different types, categories, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Key Segments: Corporate Assessment Services Market
The corporate assessment services market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into psychometric tests, aptitude tests, in-person interviews, and others. On the basis of application, the market is classified into the recruitment of frontline employees, recruitment of managers, and internal assessment and promotion.
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Top Market Players
Some of the essential players operating in the corporate assessment services market, but not restricted to include Aon plc, Cubiks Ltd., Psytech International, Korn Ferry, Target Training International, Ltd., Gartner, Inc. (CEB), Talent Plus, Hogan Assessment, Eduquity Career Technologies, Harrison assessments, StrengthsAsia Pte Ltd, DDI, TeamLease Services Ltd, AssessFirst, Central Test, NSE.IT, Chandler Macleod Group Limited, MeritTrac, Mettl, Beisen Cloud Computing Co., Ltd., and others.