Asia Pacific Corporate Assessment Service Market to 2027 - Regional Analysis and Forecasts by Product (Cognitive, Personality, Knowledge, Performance, Company Fit, and Others); Application (Campus Recruitment, Entrance Assessment Services, Recruitment & Promotion Assessment Services, and Certification Assessment Services); Hiring Phase (Pre-Hire, and Post-Hire); Hiring Level (Executive, Entry Level, Professional, and Others)
The corporate assessment service market in Asia-Pacific is expected to grow from US$ 997.71Mn in 2017 to US$ 1941.67 Mn by the year 2027 at a CAGR of 7.9% during the forecast period.
The adoption of advanced and innovative technologies across the region is high. Rapid developments, digitalization of the economy, and adequate government support are some of the attributable factors that have ensured the smooth transition of these economies from the developing stage towards a developed stage. Furthermore, developing countries in the region are also focusing on offering corporate assessment services to the businesses in order to gain traction in the APAC region. For instance, Profiles Asia Pacific, the Philippines-based company, offers employment assessment products to help businesses select the right candidate and develop them to their full potential; it also provides reliable information that allows the company to make an informed decision. These factors are likely to drive the corporate assessment service market.
The technological improvements, competitive demands for talent, and candidate-centric hiring have generated robust, profitable forces that are driving changes in corporate assessment methods. Several organizations in the APAC are demanding shorter and more engaging candidate experiences to help them target talent. Innovative corporate assessment techniques are also being developed in the APAC. Such type of factors are likely to drive the component assessment service market.
The Rest of Asia-Pacific corporate assessment service market is expected to grow at a decent CAGR of from 2019 to 2027. According to International Labor Organization (ILO), the region continues to create jobs at a very rapid rate; unemployment in the region is projected to remain low by the international standards. Such factors are likely to drive the corporate assessment market.
Rest of Asia-Pacific Corporate Assessment Service Market Revenue and Forecasts to 2027 (US$ Mn)
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Asia-Pacific Corporate Assessment Service Market–Segmentation
Asia-Pacific Corporate Assessment Service Market By Product
- Cognitive
- Personality
- Knowledge
- Performance
- Company Fit
- Others
Asia-Pacific Corporate Assessment Service Market By Application
- Campus Recruitment
- Entrance Assessment Service
- Recruitment & Promotion Assessment Service
- Certification Assessment Services
Asia-Pacific Corporate Assessment Service Market By Hiring Phase
- Pre-Hire
- Post-Hire
Asia-Pacific Corporate Assessment Service Market By Hiring Level
- Executive
- Entry Level
- Professional
- Others
Asia-Pacific Corporate Assessment Service Market By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Asia-Pacific Corporate Assessment Service Market-Companies Mentioned
- AON Plc
- Arctic Shores Limited
- Aspiring Minds
- Birkman International, In
- Development Dimensions International, Inc
- Harrison Assessments
- Korn Ferry
- IBM Corporation
- Mettl Online Assessment
- SHL
The List of Companies are - Asia Pacific Corporate Assessment Service Market
- AON Plc
- Arctic Shores Limited
- Aspiring Minds
- Birkman International, In
- Development Dimensions International, Inc
- Harrison Assessments
- Korn Ferry
- IBM Corporation
- Mettl Online Assessment
- SHL
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific corporate assessment service market thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth Asia-Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.