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Corporate Assessment Services Market Share, Industry Size, Leading Companies Outlook, Upcoming Challenges and Opportunities till 2027

The corporate assessment service market was valued US$ 2,715.56 Mn in 2018 and is expected to reach US$ 4,690.01 Mn by 2027 with a CAGR growth rate of 6.5% during the forecast period.


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Aniket Parsankar

a year ago | 4 min read

The Corporate Assessment Services Market report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. The report focuses on global major leading companies providing information such as company profiles, sales, sales revenue, market share and contact information. Finally the marketing, feasibility of new investment projects are assessed and overall research conclusions offered.

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Scope of the Report

Corporate assessment services assist the organizations in identifying, hiring, and developing the best-fit talent for a given profile. With the growing focus towards hiring the perfect fit for a job role and efficiency in managing the recruitment process, companies are shifting towards corporate assessment services. The traditional assessment process is time-consuming and involves high costs, and the corporate assessment tools assist the organizations in efficiently managing the recruitment process and reading the time and cost associated with it. In the current competitive environment, companies are using corporate assessment tools to effectively engage and recruit and retain experienced professionals to achieve a competitive advantage over other companies.

The rate of unemployment has been high in the past. However, it has decreased in the recent years due to the rising number of young jobseekers and growing economic growth of various countries in APAC, including India and China. The developments in youth labor markets in North America, Sub-Saharan Africa, and Europe have attracted more talent toward these regions, which led to the increase in employment rate during 2010-2016. Strong internet infrastructure in various regions has enabled applicants to search for jobs in various industries anytime and anywhere. The robust internet infrastructure providing an online platform for hiring process is also benefitting the employers looking for potential candidates from different areas of the world. A rising number of young jobseekers is one of the substantial factors boosting the adoption of corporate assessment services as this rise is compelling organizations to conduct the process of recruitment with the assistance of tools such as cognitive, personality, language proficiency tools, and so on. They can also access online platforms for assessing tests along with figuring out new forms of work in several industries, which can provide flexibility to them while searching a job.

The Innovative Key Players Are:

AON Plc

Arctic Shores Limited

Aspiring Minds

Birkman International, Inc.

Development Dimensions International, Inc.

HireVue

Korn Ferry

IBM Corporation

Mettl Online Assessment

SHL

Application Market Insight

The corporate assessment solutions are gaining popularity among various industries as they offer multiple advantages over traditional assessment solutions. Based on application, the corporate assessment solutions are segmented into campus recruitment, entrance assessment, promotion assessment services, and certification assessment services, others. The campus recruitment services are gaining importance as it enables the recruiter to manage the recruitment process and save time and money efficiently. Entrance assessment services are gaining significance as the companies are focusing towards recruiting the best fit candidates. Entrance assessment services empower the recruiters to manage large number of candidates efficiently and recruit the suitable candidate for the job profile. The promotion assessment services help the companies to retain their best assets by offering them on-time promotion.

Hiring Level Market Insight

The corporate assessment services are used by companies at various hiring levels, such as executive, entry level, professional, and others. At the executive level, corporate assessment services are used for leadership development and for identifying an individual’s ability to perform and make a positive impact in a critical leadership role. At entry level, the corporate assessment tools are used for assessing the candidates capabilities and skills at the beginning level of hiring process. At the professional level, the corporate assessment services are utilized by companies to identify, attract, shortlist, and develop the candidates. The companies are focusing on accessing the interns and freelancers before hiring. Therefore, at other levels, the corporate assessment services help in hiring the right talent for a job profile.

The research provides answers to the following key questions:1.What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?2. What are the key driving forces responsible for shaping the fate of the Corporate Assessment Services market during the forecast period?3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Corporate Assessment Services market?4. What are the prominent market trends influencing the development of the Corporate Assessment Services market across different regions?5. What are the major threats and challenges likely to act as a barrier in the growth of the Corporate Assessment Services market?6. What are the major opportunities the market leaders can rely on to gain success and profitability?

Get Full Report At @ https://www.theinsightpartners.com/reports/corporate-assessment-services-market

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

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