Los Angeles, CA -- (SBWIRE) -- 07/23/2019 -- Assessment Services in this report refers to a kind of service that helps the company, academic, government and other institutions assess the knowledge, skills and abilities, etc.
The global Assessment Services market size will reach US$ 31.6 billion by 2025, from US$ 17.2 billion in 2018.
The global Assessment Services market is dominated by companies from AON, CEB and IBM, top three players occupy for over 34% market share in 2018.
On basis of types, the Assessment Services market is segment into Online Medium and Offline Medium. The Online Medium is expect to account for the larger share of the global market in 2018.
Applications, included in this market are Entrance Assessment Services, Recruitment & Promotion Assessment Services, Certification Assessment Services. Recruitment & Promotion Assessment Services is expected to account for the largest share of the global market in 2018.
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The talent assessment space is ripe for action and while there are players who are using newer and innovative technology solutions, the market is now getting ready for a comprehensive solution which offers many of these benefits under one platform. For that to happen, talent acquisition technology solution providers will look to collaborate and create pre-built solutions that offer an end-to-end candidate experience while ensuring the business and HR professionals can derive the value and ROI they look for from the talent acquisition technology stack in general and talent assessment technologies in particular. Like in many other categories within HR Tech, this one particular niche is an exciting niche and we expect to see a lot of investment in this space as it can allow for the creation of unique IP based solutions in the talent acquisition space. Within the talent acquisition technology stack, this is the only place where technology companies can look to create some product IP while ensuring that other parts of the process digitization are taken care of.
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