According to HTF Market Intelligence, the Global Talent Assessment Market market to witness a CAGR of 8.1% during forecast period of 2023-2028. The market is segmented by Talent Assessment Comprehensive Study by Type (Behavioral Assessments, Cognitive Assessments, Integrity Assessments), Application (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Others) Players and Region – Global Market Outlook to 2027. The Talent Assessment Market market size is estimated to increase by USD 3.71 Billion at a CAGR of 8.1% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 1.93 Billion.
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HTF Market Intelligence published a new research publication on Talent Assessment Market Market Insights, to 2028″ with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Talent Assessment Market market was mainly driven by the increasing R&D spending across the world, however latest scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are CEB, IBM Corporation, Oracle Corporation, Cornerstone OnDemand, Inc., Korn Ferry, SumTotal Systems, Inc., SAP SE , Paylocity, Infor, HackerEarth, PeopleFluent, Harver, Wheebox, MeritTrac, ELMO Cloud HR and Payroll, Modern Hire, Talentguard, HireIQ
Definition:
Talent assessments are tools used to evaluate an individual’s skills, abilities, and potential in specific areas or domains. These assessments are designed to provide insights into a person’s strengths, weaknesses, and areas for development. Employers often use talent assessments to evaluate candidates for job positions. These assessments help identify individuals who possess the necessary skills and abilities required for a particular role. Individuals can also use talent assessments to gain a better understanding of their strengths and weaknesses. This self-awareness can guide personal and career development efforts, allowing individuals to focus on areas that require improvement or capitalize on their strengths.
The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Talent Assessment Market Market: Behavioral Assessments, Cognitive Assessments, Integrity Assessments
Key Applications/end-users of Talent Assessment Market Market: BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Others
Market Trends:
To avoid being negatively impacted by the usage of job automation and artificial intelligence, businesses must quickly adapt. Your staff must develop new skills and abilities if they are to successfully navigate the changing workplace. To be prepared for the digital age, employees must be prepared to retrain, upgrade their skills, or change roles. These soft skills are heavily emphasised in the most recent talent evaluations, allowing businesses to assess the future-ready soft skills they now have, identify any gaps, and develop a reskilling strategy. Strong digital talent is in high demand, yet there is a shortage. Employers must provide a positive candidate experience in order to stand out from the limited pool of applications.
Market Drivers:
Initiatives for leadership development and succession planning heavily rely on talent assessments. Assessments are used by businesses to find high-potential individuals, evaluate their leadership abilities, and establish individualised development plans. These evaluations aid organisations in developing future leaders and facilitating a seamless changeover in important roles.
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With this report you will learn:
- Who the leading players are in Talent Assessment Market Market?
- What you should look for in a Talent Assessment Market
- What trends are driving the Market
- About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Talent Assessment Market vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.
Who should get most benefit of this report?
- Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Talent Assessment Market
- Marketers and agencies doing their due diligence in selecting a Talent Assessment Market for large and enterprise level organizations
- Analysts and vendors looking for current intelligence about this dynamic marketplace.
- Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.
List of players profiled in this report: CEB, IBM Corporation, Oracle Corporation, Cornerstone OnDemand, Inc., Korn Ferry, SumTotal Systems, Inc., SAP SE , Paylocity, Infor, HackerEarth, PeopleFluent, Harver, Wheebox, MeritTrac, ELMO Cloud HR and Payroll, Modern Hire, Talentguard, HireIQ
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Quick Snapshot and Extracts from TOC of Latest Edition
Overview of Talent Assessment Market Market
Talent Assessment Market Size (Sales Volume) Comparison by Type (Behavioral Assessments, Cognitive Assessments, Integrity Assessments)
Talent Assessment Market Size (Consumption) and Market Share Comparison by Application (BFSI, Telecom and IT, Government, Healthcare, Education, Manufacturing, Others) (2022-2028)
Talent Assessment Market Size (Value) Comparison by Region (2023-2028)
Talent Assessment Market Sales, Revenue and Growth Rate (2023-2028)
Talent Assessment Market Competitive Situation and Current Scenario Analysis
Strategic proposal for estimating sizing of core business segments
Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type (Behavioral Assessments, Cognitive Assessments, Integrity Assessments)
Analyse competitors, including all important parameters of Talent Assessment Market
Talent Assessment Market Manufacturing Cost Analysis
Latest innovative headway and supply chain pattern mapping of leading and merging industry players
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Actual Numbers & In-Depth Analysis of Global Talent Assessment Market Market Size Estimation and Trends Available in Full Version of the Report.
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