Over the past few decades, the impact of technology showcases massive advancement in the human resource industry. The success of any organization depends on the employees working in it. Therefore, it is essential for businesses to hire the right candidate. Using valid assessment tools such as personality assessment solutions enterprises can more easily identify the personality characteristics such as how individuals work with people, communicate, approach their tasks, deal with stress, and approach change. Hence, the growing focus on business process automation and increasing demand for a cloud-based deployment model of personality assessment solution expected to fuel the market growth during the forecasted period.This growth is primarily driven by Growing Focus on Business Process Automation and Emergence of Software As a Service (SaaS) Based Solutions.
Globally, a noticeable market trend is evident Growing Adoption of Cloud-Based Personality Assessment Solutions. Major Players, such as Hogan Assessment Systems Inc. (United States), Persona Labs (United States), SHL (United Kingdom), Criteria Corp. (United States), Traitify, Inc. (United States), Sigma Assessment Systems Inc. (United States), Aon's Assessment Solutions (United States), Development Dimensions International, Inc. (United States) and TTI Success Insights (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
16th August 2019, Hogan Assessments Systems Inc. provider of personality assessment solutions launched a new product, General Employability to help organizations recruit the right candidates for the business processes.
- Growing Focus on Business Process Automation
- Emergence of Software As a Service (SaaS) Based Solutions
- Growing Adoption of Cloud-Based Personality Assessment Solutions
- Interoperability Issue Related With Personality Assessment Solutions
Increasing Demand from the Small and Medium Size Enterprises and Growing Demand from the Developing Economies
Lack of Awareness about the Personality Assessment Solutions
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