What is Talent Assessment Market?
Talent assessments systems help companies test applicants for employment to determine if candidates are a good match for their job vacancies. It helps to quickly identify candidates with the right talent from a vast candidate pool. It also provides information about the character traits, personality, thinking and working style, and other related skills and capabilities of the candidate.
The market study is being classified by Type (Behavioral Assessments, Cognitive Assessments and Integrity Assessments), by Application (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing and Others) and major geographies with country level break-up.
IBM Corporation (United States), SumTotal Systems, Inc. (United States), ELMO Cloud HR and Payroll (Australia), Halogen Software, Inc. (Canada), Cornerstone OnDemand, Inc. (United States), Paylocity (United States), Oracle Corporation (United States), Talentguard (United States), PeopleFluent (United States) and Saba Software, Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SAP SE (German) and HireIQ (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Talent Assessment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Talent Assessment market by Type, Application and Region.
On the basis of geography, the market of Talent Assessment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Benefits of Talent Assessment Software
- Increased Applications of Talent Assessment Software
Market Trend
- Increased Adoption of Cloud-Based Solutions
Restraints
- Technical Complexities Associated with Talent Assessment Software
Opportunities
- Increasing Demand from End-users
- Increasing Competitive Business World
Challenges
- Lack of Skilled Professionals
Key Target Audience
Talent Assessment Software Developers, Emerging Companies, Research Professionals and End-users
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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