South America Personality Assessment Solutions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Delivery Model (In-house and Outsourced) and End-User (Corporate/Enterprise, Academic/Education, and Government)
Market Introduction
The personality assessment solutions market in South America is segmented into Brazil, Argentina, and the Rest of South America. The number of people using internet is notably increasing in South America. As of 2021, Chile had 14,864,456 internet users, which is ~79.4% of its population. In other countries such as Panama, Colombia, and Uruguay, the count of internet users was 2,371,852 (56.8% of total population), 30,548,252 (61.5% of total population) and 2,360,269 (68.4% of total population), respectively. Growing population of internet users increases the usage of online assessment tools, which are used for analyzing behavior of a particular individual. In 2020, the industrial sector contributed about 19.68% to the GDP of Costa Rica and 68.85% came from the services sector. In 2020, the services sector accounted for ~71.01% of the GDP of Panama, while ~23.6% contribution was from the industrial sector. In the financial year 2020, the industrial sector contributed for ~23.78% of GDP of Colombia, while the services sector accounted for ~59.68%. Considering these figures, trends suggest that such high growth in industrial and manufacturing sectors is expected to create numerous job opportunities in the region. The Hire Talent, McQuaig, and Hogan Assessments are among the famous personality assessment tools used in Brazil. Owing to the availability to huge amounts of unique and economic agricultural products, many international food & beverage brands have their production units situated in Brazil. Also, the food & beverages industry is capitalizing on upgrading its facilities for enhancing production scale and quality. Chemical and pharmaceutical industries are the significant industries, which are experiencing a constant growth since years across South America. South America is characterized by a mixed growth scenario, with several countries having complex political and macroeconomic environments. Despite several challenges, the positive initiatives taken by governments are helping economies to grow at a reasonable pace and invest in renewable sectors. Several nations in the region lack the resources and infrastructure required for expanding electric power plants throughout the region. The increase in investment in the energy & power sector across the region drives employment opportunities in South America. Owing to all the mentioned factors, the need for employee assessment is likely to increase in this region to a considerable extent in coming years.
Brazil has the most significant number of cases with COVID-19, followed by Ecuador, Chile, Peru, and Argentina, amongst others. In 2020, the covid-19 pandemic led to the closure of all economic activities across the region to combat the spread of the virus. The government of SAM has taken an array of actions to protect their citizens and contain COVID-19’s spread. At the beginning of 2020, the COVID-19 outbreak has majorly caused the recruitment process in several organizations. Further, in 2021, with the uplifting of lockdown and ongoing vaccination process, the offices are operating fluently, and colleges are also working with remote studying facilities. In 2021, ongoing campus hiring processes and selecting through online assessments, video interviewing, and post-hiring engagement are successfully being done online with implementing new personality assessment solutions. Further, sector-wise, IT & ITES companies, automobile, FMCG, eCommerce, life sciences, and manufacturing have adopted these new-age technologies for their recruitment needs. And taking online personality assessment test of interviewers help recruiters in saving their time and helps in selecting the right candidate. The COVID-19 pandemic has been mainly brought to the digital platform, and thus, the personality assessment solutions have a significant impact on market growth.
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Market Overview and Dynamics
The personality assessment solutions market in South America is expected to grow from US$ 119.57 million in 2021 to US$ 214.00 million by 2028; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. With several career paths available, students start preparing to figure out which career option would be their best fit and accordingly choose the higher education program. They are often confused about which bachelors’ program to pursue after high school. Most individuals are forced to make career decisions at a young age. These decisions put students on an irreversible path toward a career that they might fail in, and by the time they realize that job is not a good fit for them, it is already too late. Thus, students' personality assessments are an in-depth assessment of the test taker’s strengths, weaknesses, beliefs, and other personality traits that reveal crucial information about the individual’s psychological makeup. These questions help provide an understanding of the user’s psyche and categorize their characteristics. Therefore, there will always be a need for personality assessment solutions in the educational sector.
Key Market Segments
In terms of delivery type, the outsourced segment accounted for the largest share of the South America personality assessment solutions market in 2020. In terms of end-user, the corporate/enterprise segment accounted for the largest share of the South America personality assessment solutions market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the personality assessment solutions market in South America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Criteria Corp; Hogan Assessments; Development Dimensions International, Inc.; Persona Labs; SHL; TTI Success Insights; Aon plc.; and Mercer LLC among others.
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- To understand the South America personality assessment solutions market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2021-2028 in South America region.
South America Personality Assessment Solutions Market Segmentation
South America Personality Assessment Solutions Market – By Delivery Model
- In-House
- Outsourced
South America Personality Assessment Solutions Market – By End-User
- Corporate/Enterprise
- BFSI
- Hospitality
- IT & Telecom
- Media & Entertainment
- Healthcare & Pharmaceutical
- Others
- Academic/Education
- Government
South America Personality Assessment Solutions Market – By Country
- Brazil
- Argentina
- Rest of South America
South America Personality Assessment Solutions Market – Companies Mentioned
- Criteria Corp
- Hogan Assessments
- Development Dimensions International, Inc.
- Persona Labs
- SHL
- TTI Success Insights
- Aon plc.
- Mercer LLC
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Personality Assessment Solutions – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. South America Personality Assessment Solutions Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Personality Assessment Solutions for Recruitment Process
5.1.2 Necessity of Personality Assessment Solutions in Educational Sector for Career Guidance Support
5.2 Market Restraints
5.2.1 Hindrances Related with Personality Assessment Solutions
5.3 Market Opportunities
5.3.1 Perks of Personality Assessment Solutions
5.4 Future Trends
5.4.1 Elevating Adoption of Cloud-Based Personality Assessment Solutions
5.5 Impact Analysis of Drivers and Restraints
6. South America Personality Assessment Solutions – Market Analysis
6.1 South America Personality Assessment Solutions Market Overview
6.2 South America Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
7. South America Personality Assessment Solutions Market Analysis – By Delivery Model
7.1 Overview
7.2 South America Personality Assessment Solutions Market- by Delivery Model
7.3 In-house
7.3.1 Overview
7.3.2 In-house: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Outsourced
7.4.1 Overview
7.4.2 Outsourced: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8. South America Personality Assessment Solutions Market Analysis – By End-User
8.1 Overview
8.2 South America Personality Assessment Solutions Market- By End-user
8.3 Corporate/Enterprise
8.3.1 Overview
8.3.2 Corporate/Enterprise: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.1 BFSI
8.3.2.1.1 Overview
8.3.2.1.2 BFSI: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.2 Hospitality
8.3.2.2.1 Overview
8.3.2.2.2 Hospitality: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.3 IT & Telecom
8.3.2.3.1 Overview
8.3.2.3.2 IT & Telecom: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.4 Media & Entertainment
8.3.2.4.1 Overview
8.3.2.4.2 Media & Entertainment: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.5 Healthcare & Pharmaceuticals
8.3.2.5.1 Overview
8.3.2.5.2 Healthcare & Pharmaceuticals: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.3.2.6 Others
8.3.2.6.1 Overview
8.3.2.6.2 Others: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Academic /Education
8.4.1 Overview
8.4.2 Academic / Education: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
8.5 Government
8.5.1 Overview
8.5.2 Government: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
9. South America Personality Assessment Solutions Market – Country Analysis
9.1 Overview
9.1.1 South America Personality Assessment Solutions Market- by Key Country
9.1.1.1 Brazil: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: Personality Assessment Solutions Market- by Delivery Model
9.1.1.1.2 Brazil: Personality Assessment Solutions Market- By End-user
9.1.1.1.2.1 Brazil: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.2 Argentina: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: Personality Assessment Solutions Market- by Delivery Model
9.1.1.2.2 Argentina: Personality Assessment Solutions Market- By End-user
9.1.1.2.2.1 Argentina: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.3 Rest of South America: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: Personality Assessment Solutions Market- by Delivery Model
9.1.1.3.2 Rest of SAM: Personality Assessment Solutions Market- By End-user
9.1.1.3.2.1 Rest of SAM: Personality Assessment Solutions Market- By Corporate/Enterprise
10. Impact of COVID-19 Pandemic on South America Personality Assessment Solutions Market
10.1 Overview
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Criteria Corp.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Hogan Assessments
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Development Dimensions International, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Persona Labs
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 SHL
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 TTI Success Insights
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Aon plc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mercer LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Brazil: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 4. Brazil: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 5. Argentina: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 6. Argentina: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 7. Argentina: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of SAM: Personality Assessment Solutions Market- by Delivery Model–Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of SAM: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of SAM: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Personality Assessment Solutions Market Segmentation
Figure 2. South America Personality Assessment Solutions Market Segmentation – By Country
Figure 3. South America Personality Assessment Solutions Market Overview
Figure 4. Outsourced Segment Held the Largest Market Share in 2020
Figure 5. Corporate/Enterprise Segment Held the Largest Market Share in 2020
Figure 6. Brazil was the Largest Revenue Contributor in 2020
Figure 7. South America – PEST Analysis
Figure 8. Personality Assessment Solutions Market– Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. South America Personality Assessment Solutions Market: Impact Analysis of Drivers and Restraints
Figure 11. South America Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. South America Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)
Figure 13. In-house: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Outsourced: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. South America Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)
Figure 16. Corporate/Enterprise: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. BFSI: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Hospitality: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. IT & Telecom: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Media & Entertainment: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Healthcare & Pharmaceuticals: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Others: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Academic / Education: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Government: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview: South America Personality Assessment Solutions Market
Figure 26. South America Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)
Figure 27. Brazil: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Argentina: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of South America: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Impact of COVID-19 Pandemic in South America Country Markets
- Criteria Corp
- Hogan Assessments
- Development Dimensions International, Inc.
- Persona Labs
- SHL
- TTI Success Insights
- Aon plc.
- Mercer LLC
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- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the personality assessment solutions market, as well as those hindering it
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