Personality Assessment Solutions Market Size, Share & Analysis Report, 2021-2027
The global Personality Assessment Solutions market gathered revenue around USD 22.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 12% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 22.1 Billion by 2027 |
| Growth Rate | CAGR of 12% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Component, Sourcing Type, Offering, Channel (Provider), End-use Industry and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Aon plc., Criteria Corp., Development Dimensions International, Inc., Franklin Covey Co., Hogan Assessment Systems Inc., Mind Gym plc, Persona Labs, SHL, Sigma Assessment Systems Inc., The Myers & Briggs, Traitify, Inc., TTI Success Insights, Gallup, Inc., and Crystal Project, Inc. |
Personality assessment is the measurement of personal characteristics. Personality tests are a valuable tool for gaining insights into the personality traits, interaction style, and behavioral tendencies of individuals and assign suitable training for the individuals and assists in taking favorable training courses.
There has been tremendous requirement of entry-level sales and customer relationship personnel in various end-use industries such as banking, finance, and insurance sector. These sectors are being organized and face a major requirement of frontline staff. On the other hand, there are businesses targeting rural markets such as those in agriculture and microfinance, which require personnel for customer-interaction in big numbers. Thus, pre hiring assessment and post hiring assessment tools are both preferred according to the industry requirements. This factor is likely to propel the growth of the global personality assessment solutions market during the forecast period.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Personality Assessment Solutions market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Personality Assessment Solutions market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Personality Assessment Solutions market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Personality Assessment Solutions Market: Dynamics
The increasing digitalization of the education sector propels the development of smart classrooms, meeting rooms, etc. Additionally, the increasing demand for hands-free speech reinforcement and recording generates the demand for personality assessment solutions for training and development. Moreover, the rising disposable income enables consumers to spend more on education, training & development, and this is likely to lead to more demand for personality assessment solutions during the forecast period. Furthermore, training and development through Internet of Things (IoT) and Blockchain technologies nurture authentic learning experiences by placing learners in the context of real-world experiences or challenges. The rise in the penetration of the Internet enables organizations to implement ongoing and active approaches of training to empower trainees or employees to learn through practical experience, which is expected to propel the demand for personality assessment solutions.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Personality Assessment Solutions Market include: Aon plc., Criteria Corp., Development Dimensions International, Inc., Franklin Covey Co., Hogan Assessment Systems Inc., Mind Gym plc, Persona Labs, SHL, Sigma Assessment Systems Inc., The Myers & Briggs, Traitify, Inc., TTI Success Insights, Gallup, Inc., and Crystal Project, Inc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global Personality Assessment Solutions Market: Segmentation
Personality Assessment Solutions Market, by Component
Personality Assessment Solutions Market, by Sourcing Type
Personality Assessment Solutions Market, by Offering
Personality Assessment Solutions Market, by Channel (Provider)
Personality Assessment Solutions Market, by End-use Industry
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Personality Assessment Solutions market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Personality Assessment Solutions market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Personality Assessment Solutions markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Personality Assessment Solutions market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers