The corporate assessment service market is projected to grow at a considerable CAGR of around 7% during the forecast period (2019-2025). The benefits that the corporate assessment solution provides such as flexibility, scalability, and better talent acquisition and retention over the traditional hiring process is one of the key factors to drive the growth of the global corporate assessment market. Today, in the increasingly competitive corporate world the corporate is ready to spend a handsome amount of money on the recruitment process in order to get the best fit for the job role. This is due to the fact that the selection of the best suitable employee can result in the increased productivity, cost-saving, and low retention rate of the best employees of the corporate.
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The key companies that are operating in the corporate assessment service market are offering a range of services that are required in different phases of employee recruitment process ranging from pre-hire, post-hire, talent development, training, and then promotion. The increasing utilization of advanced technologies such as AI and predictive analytics to offer actionable insights from the objective data is increasing the ability of the corporate assessment solutions. Although, the corporate assessment solutions offer several benefits to the organizations' high cost, connectivity problems, and improper utilization of the corporate assessment solutions are some of the major factors that may restrict corporate from using them, which in turn may hamper their market growth.
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Global Corporate Assessment Service Market Segmentation
By Type
Psychometric Tests
Aptitude Tests
Domain Tests
In-Person Interview
Others
By Application
Recruitment of Frontline Employee
Recruitment of Managers
Internal Assessment and Promotion
Regional Analysis
North America
US
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Aon Plc
Aspiring Minds, Inc.
AssessFirst
CEB Global
Central Test
Chandler Macleod Group, Ltd.
ComPsych Corp.
Cubiks (PSI Services LLC)
Development Dimensions International, Inc.
Eduquity Career Technologies (P) Ltd.

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