Worldwide Candidate Skills Assessment Industry to 2030 - by Component, Deployment Model, Product Type, End-user and Region - ResearchAndMarkets.com

The "Candidate Skills Assessment Market by Component, Deployment Model, Product Type, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

Skill assessment tests allow organizations to assess and analyze employee skills, proficiencies, experiences, qualifications, and preferences for career development.

In addition, it allows organizations to identify key areas for career development, growth and performance improvement and provide employees with a view of their skills related to their job role. Furthermore, it helps employers check truthfulness of resumes of candidates.

For instance, according to criteria pre-employment testing, up to 78% of resumes are misleading and up to 46% contain actual lies. Thus, by applying candidate skill assessments, employers can verify actual skill qualification of their candidates.

Rise in need for efficiency and transparency in hiring process and surge in adoption of pre-employment screening tests positively impacts growth of the market. In addition, increase in internet users boost growth of the market across the globe. However, factors such as lack of security standards and high cost limit growth of the market. On the contrary, technological advancements in pre-employment assessment services is expected to offer remunerative opportunities for expansion of the market during the forecast period.

Key Benefits

• The study provides an in-depth analysis of the global candidate skill assessment market forecast along with the current trends and future estimations to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the market from 2020 to 2030 is provided to determine the market potential.

Market Dynamics

Drivers

• Rise in need for efficiency and transparency in hiring process
• Surge in adoption of pre-employment screening test
• Increase in internet users

Restraints

• Lack of security standards
• High cost

Opportunities

• Technological advancement in pre-employment assessment services

Key Segments

By Component

• Software
• Service

By Deployment Model

• On-premise
• Cloud

By Product Type

• Aptitude/Psychometric Test
• Personality Test
• Coding Tests
• Others

By End User

• Corporate
• Education

By Region

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

Key Market Players

• Athena Assessment Inc.
• Berke
• Devskiller
• eSkill
• HackerRank
• HireVue
• iMocha
• Kandio
• Mercer Mettl Assessments
• The Predictive Index

For more information about this report visit https://www.researchandmarkets.com/r/7ymew2

View source version on businesswire.com: https://www.businesswire.com/news/home/20220119005512/en/