About Employee Assessment Software
Employee Assessment Software helps enterprises assess the effectiveness and efficiency of employees in order to decide their suitability for an open position. In some enterprises, assessments software gauge candidate’s cultural ability to fit within company while others focus on skills and critical knowledge. Amid rising need for assessments activities across enterprises, customized assessments software demand is rising.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Employee Assessment Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Devine Group [United States], ExactHire [United States], ProProfs [United States], Wyzed [Australia], FirstNet Learning [United States], TalentClick [Canada], Disamina [India] and Beisen [China] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ETUDE LTD [United Kingdom], PeopleAdmin [United States], Pluralsight Inc [United States], Accord [Belgium] and Orbund [United States].
Segmentation Overview
AMA Research has segmented the market of Global Employee Assessment Software market by Type (Cloud-Based and On-premises), Application (Small and Medium-sized Enterprises (SMEs) and Large Enterprises) and Region.
On the basis of geography, the market of Employee Assessment Software 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).
Influencing Trend:
Emergence Of Cloud Computing Services and Rising Need for Customized Assessment Solutions
Market Growth Drivers:
Need for Effective Feedback Solution and Rising Need to Have Well-arranged and Effective Database About Performance of the Employees
Challenges:
Lacks Effectiveness and Test Software can be Manipulated to Get Favored Result
Restraints:
Availability of Open Source Assessment Software, Expensive and Time Consuming and Inefficient Assessments Mechanism
Opportunities:
Rising Adoption in Small Enterprises and Technical Advancement in Assessment Software to Make More Effective
Market Leaders and their expansionary development strategies
In 2022, SAP acquires Qualtrics. This mega-deal brought Qualtrics' powerful experience management platform, including employee engagement assessment tools, under the SAP umbrella.
In 1 August 2023, Singapore’s Ministry of Manpower (MoM) launched an enhanced Self-Assessment Tool (SAT) for employers seeking to sponsor Employment Pass (EP) and S Pass applicants. From 1 August, employers that seek to sponsor EP applications under the upcoming COMPASS framework can use the enhanced SAT, which now assesses firm- (i.e., sponsoring company) and individual-level attributes and issues a projected score for the applicant for each COMPASS criterion.
Assessments software service providers are abide by the regulatory moves imposed by data protection agencies such as General Data Protection Regulation (GDPR) in EU (European Union), Convention on Cyber Security and Personal Data protection across Africa Union and Ibero-American Data Protection Network (RIPD) in Latin America. In case of data breach by any organization, GDPR enforces a fine either between 2% to 4% of their annual global turnover or up €20 million, whichever is higher.
Key Target Audience
Employee Assessment Software Service Providers, Enterprises, Potential Technology Investors, Research Institute and Government Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.