ASSESSMENT SERVICES MARKET ANALYSIS

Assessment Services Market, By Assessment Type (Aptitude Tests, Personality Tests, Skill Tests, Behavioral Assessments, Psychometric Assessments, Career Assessments, Leadership Assessments, and Others), By Industry Vertical (Information Technology (IT), Healthcare and Life Sciences, Banking, Financial Services, and Insurance (BFSI), Manufacturing, Retail, Education, Government and Public Sector, and Others), By Organization Size (Small and Medium-sized Enterprises (SMEs) and Large Enterprises), By Delivery Mode (Online Assessment Platforms, In-person Assessments, and Blended (Online and In-person)), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments

New product launches

In May 2022, SHL the global leader in talent acquisition and talent management technology, announced the launch of SHL’s innovation hub – SHL Labs. Getting together a broad range of talent and capabilities across Data Science, IO Psychology, Artificial Intelligence, and Design, SHL Labs has the ambitious goal of leading the way into the future of Talent Technology.
In October 2020, Hogan Assessments, a well-known provider of personality assessment tools and talent management solutions, unveiled its latest offering, the Candidate Assessment Suite.
In September 2021, Mercer Mettl, a talent assessment company, introduced a virtual platform for facilitating campus placements. This platform aims to streamline and enhance the campus recruitment process, making it more accessible and efficient for both employers and students.

Acquisition and partnerships

Pearson's Acquisition of Assessment Services: In December 2022, Pearson, a global education company, signed an agreement with SHL Group to purchase Personnel Decisions Research Institutes, LLC ('PDRI'), a respected company known for its workforce assessment services
Korn Ferry’s Acquisition of Infinity Consulting Solutions: In August 2022, Korn Ferry, a global management consulting firm specializing in organizational and human capital solutions, completed the acquisition of Infinity Consulting Solutions, a staffing and recruiting firm that specializes in providing talent solutions for businesses across various industries