The global assessment services market size reached USD 12.32 Billion in 2021 and is expected to register a revenue CAGR of 7.3% during the forecast period, according to latest analysis by Emergen Research. Increasing number of competitive examinations and certifications and rising need for skill assessment for increasing employability are some key factors driving global assessment services market revenue growth.
Rising necessity among competition-conducting bodies associated with tests such as TOEFL and PAPI 3 to sign up specialist exam-conducting firms and growing inclination among various sectors to opt for online computer-based tests are other key factors driving revenue growth of the global market. Focus on professional development through assessment services helps employees to develop their skills and improve performance. These services are used as part of training to accommodate new employees, educate current employees and impart new skills for the same job, and promote employees into positions requiring different skill sets. To get a sample copy of the global Assessment Services market report, visit @ https://www.emergenresearch.com/request-sample/182 Some Key Highlights from the Report Coding test segment accounted for significantly large revenue share in 2021. Evaluating coding skills of programmers has emerged as an essential procedure in recruitment in IT and software firms. These types of assessment tests are generally conducted to hire a software developer or programmer. The different screening methods for hiring a programmer are a coding test or programming test, an online code test or software test, and an online proctored code test. K-12 includes 12 years – from Kindergarten to 12th grade – and steady increasing competitiveness among school students and study efforts and options for preparation for competitive exams from an early age is driving revenue growth of this segment. For instance, Byju’s Think & Learn is a K-12 based online platform that offers plenty of courses focusing on India's K-12 students. The company provides improved learning services through online, next-level, intuitive graphical programs and enhanced self-assessment services. Entrance assessment services are a way for educational institutes and organizations to understand the potential of a student or candidate. It is usually used as an educational skills assessment by schools and colleges as a part of the general admission process. The primary purpose of entrance assessment services is to help the client ascertain that all the selected individuals possess the required skills and proficiencies needed to face the challenges in the specific job role or educational program. The market intelligence report offers a panoramic view of the global Assessment Services industry, with a special focus on the regional bifurcation and competitive landscape. Crucial information pertinent to the latest industrial growth trends, technological advancements, product offerings, production capacity, demand and supply ratio, and estimated growth rate have been included in this report. The research methodologies offered in the report are intended to help readers gain a competitive edge in the market. Additionally, the report undertakes the SWOT Analysis and Porter’s Five Forces Analysis to assess the market standing of the leading companies operating in this sector. Leading companies profiled in the report: 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. Product Type Outlook (Revenue, USD Billion; 2017-2027) Psychometric Test Aptitude Tests Coding Tests Others Services Type Outlook (Revenue, USD Billion; 2017-2027) Entrance Assessment Services Recruitment & Promotion Assessment Services Certification Assessment Pre-Employment Assessment Service Development Assessment Service Medium Outlook (Revenue, USD Billion; 2017-2027) Online Offline Sectors Outlook (Revenue, USD Billion; 2017-2027) K-12 Higher Education Corporate Government By region: North America Europe Asia Pacific Latin America Middle East & Africa Key Highlights of the Global Assessment Services Market Report: The report provides the reader with a detailed study of the global Assessment Services market, including essential data beneficial for this business sphere. The key parameters driving and restraining the global market growth, latest product trends, and technological advancements have been discussed by the report’s authors. The report entails the latest information regarding product development, incorporation of new techniques, and profiles of the key market competitors. A broad market categorization, based on product type, application gamut, and end-user landscape, has also been included in the report. Request a customized copy of report @ https://www.emergenresearch.com/request-for-customization/182 Thank you for reading our report. For further details or to inquire about the customization of the report, please reach out to our team. We will offer you the report as per your requirements. About Emergen Research At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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