The global Assessment Services Market is projected to be worth USD 11.47 Billion by 2027, according to a current analysis by Emergen Research. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.
The Global Assessment Services Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. Large numbers of high school and college students usually seek summer jobs in this period, and several graduates step the labor market to search for or commence permanent occupation. In the summer of 2020, the youth labor force increased by 19.8%, equivalent to 3.6 million individuals, to an overall 21.5 million labor force in July compared to 18.8 million in 2019.
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The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others.
The Assessment Services Market is projected to observe a high demand by the year 2027. Assessment Services Market Size – USD 6,547.1 Million in 2019, Market Growth – CAGR of 7.2%, Market Trends –A rapid growth in the youth labor force population
Key market participants comprise Korn Ferry, Pearson VUE, IBM Corporation, TeamLease, Aon PLC, DDI, Mettl, Hogan Assessment Systems Inc., PSI Services LLC, and Talent Plus Inc., among others.
Medium Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline
Sectors Outlook (Revenue, USD Billion; 2017-2027)
K-12
Higher Education aCorporate
Government
The market in the Asia Pacific region, led by China, is projected to grow at the fastest rate of 8.5% in the period 2020-2027, attributed to a growing number of competitive certifications tests, the increasing necessity for skill assessment for better employability, and the rising labor force population in the region. Evaluating the coding skills of programmers has emerged as an essential procedure in recruitment in the IT and software firms. These types of assessment tests are generally done to hire a software developer or programmer. The different screening method of hiring a programmer are coding test or programming test, online code test or software test, and an online proctored code test.
Services Type Outlook (Revenue, USD Billion; 2017-2027):
Entrance Assessment Services
Recruitment & Promotion Assessment Services
Certification Assessment
Regional Overview:
The global Assessment Services market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Assessment Services market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Furthermore, the years considered for the study are as follows:
Historical year – 2016-2018
Base year – 2019
Forecast period – 2020 to 2027
Large numbers of high school and college students usually seek summer jobs in this period, and several graduates step the labor market to search for or commence permanent occupation. In the summer of 2020, the youth labor force increased by 19.8%, equivalent to 3.6 million individuals, to an overall 21.5 million labor force in July compared to 18.8 million in 2019. Surging demand for skill assessment for better employability is one of the significant factors influencing the market growth.
Table of Contents:
Chapter 1 includes an introduction of the global Assessment Services market, along with a comprehensive market overview, market scope, product offerings, and an investigation of the market drivers, growth opportunities, risks, restraints, and other vital factors.
Chapter 2 offers an in-depth analysis of the key manufacturers engaged in this business vertical, along with their sales and revenue estimations.
Chapter 3 elaborates on the highly competitive terrain of the market, highlighting the key manufacturers and vendors.
In Chapter 4, our team has fragmented the market on the basis of regions, underscoring the sales, revenue, and market share of each region over the forecast timeline.
Chapters 5 and 6 have laid emphasis on the market segmentation based on product type and application.
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