Assessment Services Market Size, Share, Growth Analysis, By Assessment Type(Aptitude Tests, Personality Tests, Skill Tests, Behavioral Assessments), By Organization Size(Large Enterprises, Small and Medium-sized Enterprises (SMEs)), By Delivery Mode(Online Assessment Platforms, In-person Assessments, Blended (Online and In-person)), By Industry Vertical(Information Technology (IT), Healthcare and Life Sciences, Banking, Financial Services), By Region - Industry Forecast 2025-2032

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

Assessment Services Market Insights

Assessment Services Market size was valued at USD 8.82 Billion in 2023 and is poised to grow from USD 9.68 Billion in 2024 to USD 18.74 Billion by 2032, growing at a CAGR of 9.7% during the forecast period (2025-2032).

The global assessment services market is experiencing a profound transformation driven by advancements in technology and evolving educational and corporate needs. Educational institutions, employers, and certification bodies are increasingly relying on assessment services to gauge knowledge, skills, and competencies. Technology-driven solutions, such as online testing and automated scoring, have made assessments more accessible and efficient.

Furthermore, the growing importance of lifelong learning and the need to validate skills in a rapidly changing job market are expanding the market's scope. As a result, the assessment services market is poised for continued growth as it plays a pivotal role in shaping education and workforce development strategies.

However, ensuring the security and fairness of assessments and addressing privacy concerns remain ongoing challenges in this dynamic landscape.

US Assessment Services Market is poised to grow at a sustainable CAGR for the next forecast year.

Assessment Services Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Assessment Services Market size was valued at USD 8.43 billion in 2022 and is poised to grow from USD 8.82 billion in 2023 to USD 17.08 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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Assessment Services Market Insights

Assessment Services Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Assessment Services Market?

Who are the key vendors in the Assessment Services Market?

What is the key driver of Assessment Services Market?

What is the key market trend for Assessment Services Market?

Which region accounted for the largest share in Assessment Services Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300