Vancouver, BC -- (SBWIRE) -- 03/17/2021 -- The global assessment services market is projected to be worth USD 11.47 Billion by 2027, according to a current analysis by Emergen Research. The assessment services market is projected to observe a high demand by the year 2027. The growing necessity of competition-conducting authorities' associated with tests, such as TOEFL and PAPI 3, to sign up specialist exam-conducting firms and growing inclination among the various sectors to opt online computer-based tests drives the market growth. Concentrating on professional developments through assessment services help employees in developing their skills and improving their performance. These services are used as training to accommodate new employees, educate current employees' new skills for the same job, and promote employees into positions requiring different skill sets.

Next, the market assessment report also takes into account the top performers and the new entrants when weighing up on the competitive landscape of the Assessment Services market for the forecast period, 2020 - 2027. Relevant and hard to find facts pertaining to the import and export status, supply chain management, product price, profit and gross margin are clearly explained through resources such as charts, tables and graphic images. A comprehensive coverage of various segments and the breakdown of their sale figures according to the regions form an important part of the scope of this study.

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The report on global Assessment Services market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders' product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.

Key Highlights From The Report
In January 2020, SHL, a company involved in providing assessment services, entered into a strategic alliance with IBM Corporation for offering talent assessments services to businesses worldwide.
Ford Motor, a leading automotive manufacturer, conducts the "One Ford" assessment, a psychometric test, to ascertain whether the personal values and skills are in alignment with the company's values. The test is intended to assess a candidate's aptitude to perform in a team while achieving work excellence.
Evaluating the coding skills of programmers has emerged as an essential procedure in recruitment in the IT and software firms. These types of assessment tests are generally done to hire a software developer or programmer. The different screening method of hiring a programmer are coding test or programming test, online code test or software test, and an online proctored code test.
The MCCEE is a screening examination that evaluates the basic medical knowledge and problem solving of a candidate at a level similar to a minimally skilled medical student carrying out his or her medical study in Canada and about to go for supervised practice.
K-12 sector indicates the companies which are specialized catering to the 12 years, Kindergarten to 12th grade. Byju's Think & Learn is a K-12 based online platform that offers plenty of courses focusing on India's K-12 students. The company provides improved learning service through online next-level intuitive graphical programs and enhanced self-assessment services.
The market in the Asia Pacific region, led by China, is projected to grow at the fastest rate of 8.5% in the period 2020-2027, attributed to a growing number of competitive certifications tests, the increasing necessity for skill assessment for better employability, and the rising labor force population in the region.
Key market participants comprise Korn Ferry, Pearson VUE, IBM Corporation, TeamLease, Aon PLC, DDI, Mettl, Hogan Assessment Systems Inc., PSI Services LLC, and Talent Plus Inc., among others.

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Research Methodology
Data triangulation and market breakdown
Research assumptions Research data including primary and secondary data
Primary data includes breakdown of primaries and key industry insights
Secondary data includes key data from secondary sources

The study relies heavily on both qualitative and quantitative to generate, interpret and analyze raw data about the target market, product or services offered and prominent market players operating in the Assessment Services market for the forecast period, 2020 - 2027.

Product Type Outlook (Revenue, USD Billion; 2017-2027)
Psychometric Test
Aptitude Tests
Coding Tests
Others

Services Type Outlook (Revenue, USD Billion; 2017-2027)
Entrance Assessment Services
Recruitment & Promotion Assessment Services
Certification Assessment
Pre-Employment Assessment Service
Development Assessment Service

Medium Outlook (Revenue, USD Billion; 2017-2027)
Online
Offline

Sectors Outlook (Revenue, USD Billion; 2017-2027)
K-12
Higher Education
Corporate
Government

Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

The research methodologies used for evaluating the Assessment Services market are inventive and also provides enough evidence on the demand and supply status, production capability, import and export, supply chain management and investment feasibility.

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Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the Assessment Services market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the Assessment Services market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2027?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the Assessment Services market growth worldwide?

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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Assessment Services Market Segmentation & Impact Analysis
Chapter 5. Assessment Services Market By Type Insights & Trends Revenue (USD Million)
Chapter 6. Assessment Services Market By Technology Insights & Trends Revenue (USD Million)
Chapter 7. Assessment Services Market By Application Insights & Trends Revenue (USD Million)
Chapter 8. Assessment Services Market Regional Outlook
Continued…