About Corporate Assessment Services
Company Assessments are tools for evaluating the performance of all key systems and processes of the company. Executives worldwide are turning to Company Assessments to help gather more complete information about the departments and processes which they manage and to help their organizations compete more effectively.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.3% |
The market of is moisturizing agent expected to grow with rising demand for personal care products. Hence there are several companies are providing moisturizing agent with unique feature. Thus, the market is fragmented with the presence of market players. Additionally, many local vendors are also entering to market with excellent features which in turn impacting on the competitive rivalry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Corporate Assessment Services 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.
AON (United Kingdom), Korn Ferry (United States), CEB (United States), Psytech (India), Hogan Assessments (United States), Aspiring Minds (United States), TT Success Insight (United States), Cubiks (United Kingdom), Performanse (France), Talent Plus (United States) and IBM (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AssessFirst (France), Chandler Macleod (Australia), TeamLease (India), DDI (United States), Central Test (France) and StrengthsAsia (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Corporate Assessment Services market by Type (Psychometric Tests, Aptitude Tests, Domain Tests and In-Person Interviews), Application (Recruitment of Frontline Employee, Recruitment of Managers and Internal Assessment and Promotion) and Region.
On the basis of geography, the market of Corporate Assessment Services 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. Cloud will boost the Corporate Assessment Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-sized Enterprises (SMEs) will boost the Corporate Assessment Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption of Aptitude Tests in The Institutes and Increasing Demand from Small Sized Enterprises
Market Growth Drivers:
Rising Demand for Humen Resource Management in the Various End-User Industries
Challenges:
Intense Competition in the Market
Restraints:
The Technological Complexities Associated with Corporate Assessment Services
Opportunities:
Technological Advancement Associated with Corporate Assessment Services and Increasing Demand from Developing Countries
Market Leaders and their expansionary development strategies
On 3rd December 2022, SHL, the world leader in talent innovation, announced that it has completed the acquisition of Aspiring Minds. SHL offers the largest and most valid database of human potential coupled with a history of scientific rigor, and has now added Aspiring Minds’ proven, AI-powered suite of assessment and interviewing tools, creating the most comprehensive and transparent talent strategy solution available in the market today.
In May 2023, Priority Metrics Group, a leading market research and consulting firm, has announced the launch of its new market assessment services. The services are designed to help companies gain a better understanding of their target market and make informed decisions about their business strategies. Market assessments are a critical component of any successful business strategy.
Key Target Audience
Corporate Assessment Services Providers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
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.