The Global Personality Assessment Solutions market was valued at USD 7.3 billion in 2021 and is expected to reach USD 17.60 billion by the year 2028, at a CAGR of 13.4%.
The Personality Assessment Solutions Market Size and Growth impelled by escalating adoption of cloud-based personality assessment solutions, requirement of personality assessment solutions in educational sector for career guidance support and growing adoption of personality assessment solutions for recruitment process.
Personality assessment solutions are considered exactly to adequate the necessities of verticals and end-use industries, to enhance their procedures and productivity which is driving the personality assessment solutions market growth.
Top Key Players Covered In Personality Assessment Solutions Market
SIGMA Assessment Systems Inc., Hogan Assessments, Criteria Corp., Gallup Inc., Development Dimensions International Inc., Persona Labs, SHL, Paradox Inc., TTI Success Insights, Mind Gym plc, Aon plc., Mercer LLC, Crystal Project Inc., Eightfold AI, Thomas International Ltd, The Myers & Briggs, Culture Index, The Predictive Index, Franklin Covey Co., Traitify Inc. and other Major Players.
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The deployment of cloud-based personality assessment solutions is another driver for the market growth. However, recurring changes in the requirements of industries due to advances in technology lead to added investments to keep up-to-date with them, which is the major factor restraining the growth of the personality assessment solution market. Contrarily, increase in technological advancement is expected to generate new opportunities for the personality assessment solution market.
Segmentation Analysis of the Personality Assessment Solutions Market
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Based on the industry vertical, banking, financial service, and insurance (BFSI) is expected to dominate the personality assessment solutions market during the forecast period. There has been a massive requirement for newbie sales and customer relations personnel in various end-use industries such as banking, finance, and insurance
By Type
· In-House
· Outsourced
By Channel Provider
· Chatbots & Assistants
· Accessibility
· Digital Game
· Interactive learning
By Offering
· Synchronous
· Asynchronous
By Industry Vertical
· BFSI
· Healthcare & Life Sciences
· Media & Entertainment
· Telecommunications & IT
· Government & Public Sector
· Others
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North America is anticipated to register the maximum personality assessment solutions market share during the forecast period, due to the massive application of personality assessment solutions for training, development, and recruitment.
The Asia-Pacific personality assessment solutions market is anticipated to increase at a healthy pace during the forecast period.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
The Personality Assessment Solutions Market has a broad scope as organizations increasingly recognize the importance of personality assessment tools for hiring, employee development, and team dynamics. Continuous advancements in technology and growing demand drive market expansion.
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