Corporate Assessment Services Market is expected to reach US$ 4,690.01 Mn by 2027
The Corporate Assessment Services Market research report by The Insight Partners includes Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2019 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the Corporate Assessment Services Market growth.
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.
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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.
The Prominent/Emerging Players in the Corporate Assessment Services Market includes:
AON Plc
Arctic Shores Limited
Aspiring Minds
Birkman International, Inc.
Development Dimensions International, Inc.
HireVue
IBM Corporation
Korn Ferry
Mettl Online Assessment
SHL
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.
MARKET SEGMENTATION
Global Corporate Assessment Services Market - By Product
Cognitive
Personality
Knowledge
Performance
Company Fit
Others
Global Corporate Assessment Services Market - By Application
Campus Recruitment
Entrance Assessment Services
Recruitment & Promotion Assessment Services
Certification Assessment Services
Global Corporate Assessment Services Market - By Hiring Phase
Pre-Hire
Post-Hire
Global Corporate Assessment Services Market - By Hiring Level
Executive
Entry Level
Professional
Others
The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Corporate Assessment Services market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Corporate Assessment Services market segments and regions.
Scope of the Report
The research on the Corporate Assessment Services market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the Corporate Assessment Services market on the basis of end user, product type, application, and demography for the forecast period 2019-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.
The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Corporate Assessment Services market during the forecast period, i.e., 2019-2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.
Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market
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