Global Assessment Services Market

Global Assessment Services Market Size, Share, Growth Analysis, By Assessment Type(Aptitude Tests, Personality Tests), By Industry vertical(Information Technology (IT), Healthcare and Life Sciences), By Organization size(Small and Medium-sized Enterprises (SMEs), Large Enterprises), By Delivery mode(Online Assessment Platforms, In-person Assessments) - Industry Forecast 2024-2031

Report ID: SQMIG25R2020 | Region: Global | Published Date: March, 2024
Pages: 223 | Tables: 128 | Figures: 77

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Global Assessment Services Market size was valued at USD 13.51 billion in 2022 and is poised to grow from USD 14.82 billion in 2023 to USD 31.08 billion by 2031, growing at a CAGR of 9.7% in the forecast period (2024- 2031).

The global assessment services landscape is marked by a competitive environment where numerous providers vie to meet the evolving needs of educational institutions, corporations, and other entities. These providers offer a diverse range of assessment and testing solutions, encompassing academic evaluations, employee assessments, and professional certifications. 'EB, now part of Gartner (US)', 'SHL (UK)', 'Hogan Assessments (US)', 'Talent Q, a part of Korn Ferry (UK)', 'Cognizant (US)', 'IBM Corporation (US)', 'Pearson PLC (UK)', 'Mercer LLC (US)', 'Deloitte (US)', 'Korn Ferry (US)', 'PwC (US)', 'Prometric (US)', 'DDI (Development Dimensions International) (US)', 'Mettl (India)', 'Cubiks (UK)', 'Assessment Systems Corporation (US)', 'Saville Assessment (UK)', 'AssessmentDay (UK)', 'Wonderlic, Inc. (US)', 'Cut-e Group (Norway)'

The focus on improving education quality and outcomes worldwide is a significant driver of the assessment services market. Governments, educational institutions, and stakeholders are increasingly recognizing the importance of accurate and reliable assessments to measure student performance, identify areas for improvement, and drive educational reforms.

Micro-Credentials and Digital Badges: Micro-credentials, which validate specific skills or accomplishments, and digital badges are gaining traction as portable and verifiable forms of recognition. Assessment services are increasingly incorporating these credentials and badges into their offerings. This trend allows individuals to showcase their skills and achievements in a granular and easily shareable format, supporting lifelong learning and career advancement.

North America continues to hold a significant share of the global assessment services market. This region's leadership is driven by several factors, including the presence of well-established educational and corporate sectors that heavily rely on assessment services. The United States and Canada remain key contributors to the market due to their extensive use of standardized testing for educational admissions, certifications, and employment assessments. Additionally, the region benefits from ongoing advancements in assessment technology and a strong demand for workforce development and skills validation.

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