What is Candidate Skills Assessment Market?
Employers frequently utilize candidate skills assessment tests to measure the talents and knowledge of job applicants. Additionally, pre-employment, pre-hiring, and candidate assessment exams are all terms used to describe a candidate skills assessment. Furthermore, evaluating a candidate's talents is one of the most effective ways to identify whether or not they are a good fit for a job position. Employers can also establish cultural fit, such as solid communication skills and other interpersonal abilities other than technical, by conducting skill assessment tests.
Highlights from Candidate Skills Assessment Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Athena Assessment Inc. (United States), Berke (United States), Devskiller (Poland), eSkill (United States), HackerRank (United States), HireVue (United States), iMocha (United States), Kandio (Singapore), Mercer Mettl Assessments (India) and The Predictive Index (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Candidate Skills Assessment market throughout the forecasted period.
Athena Assessment Inc. (United States), Berke (United States), Devskiller (Poland), eSkill (United States), HackerRank (United States), HireVue (United States), iMocha (United States), Kandio (Singapore), Mercer Mettl Assessments (India) and The Predictive Index (United States) are some of the key players profiled in the study. Candidate Skills Assessment Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Corporate and Education |
Type | Aptitude/Psychometric Test, Personality Test, Coding Tests and Others |
Component | Software,Services |
Deployment Model | On-premise,Cloud |
On the basis of geography, the market of Candidate Skills Assessment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements in Pre-employment Assessment Services
Market Growth Drivers:
Increasing Need for Efficiency and Transparency in Hiring Processes and Adoption of Pre-Employment Screening Test
Challenges:
Rising Fraudulent Activities for Acquiring Jobs
Restraints:
Lack of Security Standards
Opportunities:
Increased Opportunities in Developing Regions and Rising New Innovative Varieties of Candidate Skills Assessment Service
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Candidate Skills Assessment Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-users and Others
In September 2021, Mytat, a career platform for skill-based hiring and pre-employment testing solutions are on course to transform the upskilling landscape by targeting outreach to over 1.5 lakh aspirants across the country by December 2021. Mytat aims to establish a community that brings colleges, corporates, industry experts, and students under one platform for enhancing and upgrading skills accompanied by a complete learning cycle for the graduates, that includes career pathing as well. It has assessed over 3 million candidates.