Talent Assessment Market Report 2025 (Global Edition)

Global Talent Assessment Market Report 2025 Market Size Split by Type of assessment (Cognitive Ability Tests, Personality Tests, Skills Assessments, Behavioral Assessments, Technical Assessments), by ...

Talent Assessment Market Report Description

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Talent Assessment Market Insights Video

Competitive Landscape of the Talent Assessment Market

The talent assessment market is also pretty competitive. These firms provide an array of innovative solutions: skills assessments, coding challenges, and psychometric tests to evaluate candidates. They rely on advanced technologies such as artificial intelligence and behavioral science to enhance accuracy and efficiency in talent assessments. Such an environment encourages constant innovation through constant identification and selection of appropriate candidates in the varied roles. Consequently, competition will improve the quality of workforce across various industries.

In November 2022, SAP SE updated its SuccessFactors Talent Management suite, introducing new AI-powered capabilities to improve the assessment of candidates' talents and potential. This upgrade intends to improve labor planning and give firms a better understanding of their talent pool. (Source: https://news.sap.com/2023/10/new-ai-sap-successfactors-capabilities-ignite-potential/) In February 2023, IBM Corporation will release a new version of its Watson Talent Assessment products that uses machine learning algorithms. This edition features advanced analytics for evaluating candidates' soft skills and cultural fit, making the hiring process more efficient and tailored to business requirements. (Source: https://newsroom.ibm.com/2023-05-09-IBM-Unveils-the-Watsonx-Platform-to-Power-Next-Generation-Foundation-Models-for-Business) In February 2021, Cornerstone OnDemand, Inc. added new evaluation tools to their people management platform in 2021. These technologies enable firms to construct customized skill evaluations that help them better evaluate candidates' capabilities for certain roles, hence improving the overall recruitment process. (Source: https://www.cornerstoneondemand.com/resources/article/talent-management-strategy-assessment/)

Top Companies Market Share in Talent Assessment Industry: (In no particular order of Rank)

• Talentguard
• Lumesse
• SumTotal
• Saba Software
• Inc
• HireIQ
• SAP SE
• ELMO Cloud HR & Payroll.
• Halogen Software
• Inc.
• Cornerstone OnDemand
• Inc.
• IBM Corporation
• Oracle Corporation
• Paylocity
• Synergita
• PeopleFluent
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Talent Assessment Market

Which Region Dominates the Talent Assessment Market in 2024?

According to Cognitive Market Research, North America currently dominates the Talent Assessments market, and the region is expected to have significant growth during the projected period. Rapid technology advancements, a high pace of recruiting and hiring, increased need for skill upgrades, competitive exams, and a preference for online-based talent assessments are just a few of the key drivers that have propelled North America to the market's top spot.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The rising demand for apparel and home textiles along with increasing investments in local manufacturing capabilities in various countries of the region continue to drive the growth.

The current report Scope analyzes Talent Assessment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Talent Assessment Market Analysis

According to Cognitive Market Research, the global Talent Assessment market size was estimated at USD 22547.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 9019.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Talent Assessment market with a market size of USD 7115.99 million in 2024 and is projected to grow at a CAGR of 7.7% during the forecast period. The U.S. market's advanced technological infrastructure
• The Canada Talent Assessment market had a market share of USD 1082.28 million in 2024 and is projected to grow at a CAGR of 8.7% during the forecast period. Canada’s strong emphasis on human capital development
• The Mexico Talent Assessment market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 820.73 million in 2024.

Europe Talent Assessment Market Analysis

According to Cognitive Market Research, the global Talent Assessment market size was estimated at USD 22547.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 6764.25 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.

• The United Kingdom Talent Assessment market had a market share of USD 1136.39 million in 2024 and is projected to grow at a CAGR of 9.0% during the forecast period. In the UK, Talent Assessment sales witness an upswing due to the growing focus on enhancing workforce skills
• The France Talent Assessment market is projected to witness growth at a CAGR of 7.4% during the forecast period, with a market size of USD 622.31 million in 2024.
• According to Cognitive Market Research, the German Talent Assessment market size was valued at USD 1339.32 million in 2024 and is projected to grow at a CAGR of 8.4% during the forecast period. In Germany, Talent Assessment surged due to the increasing demand for skilled professionals in various industries.
• The Italy Talent Assessment market is projected to witness growth at a CAGR of 8.6% during the forecast period, with a market size of USD 581.73 million in 2024.
• The Russia Talent Assessment market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 1048.46 million in 2024.
• The Spain Talent Assessment market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD 554.67 million in 2024
• The Luxembourg Talent Assessment market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 209.69 million in 2024.
• The Portugal Talent Assessment market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 142.05 million in 2024.
• The Greece Talent Assessment market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 81.17 million in 2024.
• The Rest of Europe's Talent Assessment market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD 1048.46 million in 2024.

Asia Pacific Talent Assessment Market Analysis

According to Cognitive Market Research, the global Talent Assessment market size was estimated at USD 22547.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 5185.93 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7%from 2024 to 2031.

• According to Cognitive Market Research, the China Talent Assessment market size was valued at USD 2333.67 million in 2024 and is projected to grow at a CAGR of 11.2% during the forecast period. Talent Assessment surged in China due to rapid economic growth.
• The Japan Talent Assessment market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 715.66 million in 2024.
• The India Talent Assessment market had a market share of USD 622.31 million in 2024 and is projected to grow at a CAGR of 13.5% during the forecast period. India's increasing focus on education and workforce development.
• The South Korean Talent Assessment market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD 518.59 million in 2024.
• The Australian Talent Assessment market is projected to witness growth at a CAGR of 11.4% during the forecast period, with a market size of USD 269.67 million in 2024.
• The South East Asia Talent Assessment market is projected to witness growth at a CAGR of 12.7% during the forecast period, with a market size of USD 357.83 million in 2024.
• The Rest of Asia Pacific Talent Assessment market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 368.20 million in 2024.

South America Talent Assessment Market Analysis

According to Cognitive Market Research, the global Talent Assessment market size was estimated at USD 22547.5 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 1127.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Talent Assessment market size was valued at USD 482.52 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. Talent Assessments flourished in Brazil due to increasing recognition of the importance of human capital
• Argentina's Talent Assessment market had a market share of USD 189.40 million in 2024 and is projected to grow at a CAGR of 10.0% during the forecast period. Argentina's government initiatives.
• Colombia Talent Assessment market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 100.34 million in 2024.
• Peru Talent Assessment market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 92.44 million in 2024.
• Chile Talent Assessment market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 81.17 million in 2024.
• The Rest of Latin America's Talent Assessment market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 181.51 million in 2024.

Middle East Talent Assessment Market Analysis

According to Cognitive Market Research, the global Talent Assessment market size was estimated at USD 22547.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 450.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031..

• The GCC Countries Talent Assessment market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 193.01 million in 2024. Talent Assessment sales flourish due to the advanced technological infrastructure
• The Egypt Talent Assessment market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 47.35 million in 2024.
• The South Africa Talent Assessment market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD 71.25 million in 2024. Talent Assessment sales flourished in South Africa due to increasing emphasis on skills development.
• The Turkey Talent Assessment market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 38.78 million in 2024.
• The Nigeria Talent Assessment market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 47.35 million in 2024.
• The Rest of the MEA Talent Assessment market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 53.21 million in 2024.

Talent Assessment Market Analysis

Talent Assessment Market Type of assessment Segment Analysis

According to Cognitive Market Research, In the talent assessment market, cognitive ability tests can be considered the dominating segment based on their proven high correlation with job performance and potential to predict candidate success in many roles, which usually makes them high in demand by organizations. An increasingly important element for a firm is cognitive skills, such as the ability to solve problems, think critically, and learn, and thus highly sought-after testing is carried out.

The Skills Assessments segment is growing at a very rapid pace. Companies are looking for specific talent for specific roles; therefore, the demand for tailor-made assessments that measure job-related skills has skyrocketed. The growth is fueled by the need for organizations to ensure that candidates will eventually thrive in their positions with the technical and soft skills required, especially in rapidly evolving industries.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Talent Assessment Industry. Request a Free Sample PDF!

Talent Assessment Market Mode of assessment Segment Analysis

According to Cognitive Market Research, the online market accounted for a greater revenue share in 2022 than the offline segment, owing to organizations' increased attention on sourcing and promoting people with the needed ability. Unlike taking classes in person at a set time, online classes can be attended whenever it is convenient for the student. Furthermore, online training, often known as e-learning, allows employees to learn roughly five times faster in a shorter period.

Offline testing is a method by which businesses can conduct computer-based or pen-and-paper tests in remote locations without the requirement for a reliable Internet connection. In many countries throughout the world, Internet connectivity is not always reliable enough to facilitate these exams. As a result, an offline mode of assessment is implemented to ensure that applicants do not experience system failure throughout their test.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Talent Assessment End-use industry Segment Analysis

Talent Assessment Market End-use industry Segment Analysis

According to Cognitive Market Research, The IT and Telecom segment currently forms the major portion of the Talent Assessment Market. This is primarily because of a humongous increase in technological advancements and pressure to recruit professional people capable in various software development areas, cybersecurity, and data analysis. Companies in this sector rely on the application of efficient talent assessment tools to ensure that they hire individuals equipped with the proper technical expertise along with cognitive abilities

The Healthcare segment is one area that is rapidly growing. Recent worldwide health challenges have necessitated the formation of healthy alliances that have increased the focus on talent assessment in the field of healthcare. Organizations are becoming more demanding as they have taken assessment processes to more robust stages to test not only the technical skills of health workers but also the soft skills, such as empathy and communication, which relate to patient care

• IT and Telecommunications
• Healthcare
• Education
• Retail
• Manufacturing
• Finance and Banking
• Other Industries

Talent Assessment Application Segment Analysis

Talent Assessment Market Application Segment Analysis

According to Cognitive Market Research, the Recruitment and Selection Segment is the dominant segment in the Talent Assessment Market. This is primarily because organizations prefer to find the right talent for the available positions, so an effective recruitment process can meet the needs of the organization in finding the appropriate human resources. Companies usually use one or more of the various tools available as part of the assessment process to evaluate candidates' skills, cognitive abilities, and their fit into the organizational culture for selecting the most suitable candidates for teams.

The Employee Development segment is one of the fastest-growing segments. Increasingly, businesses have come to realize the need for upskilling and reskilling workforces, as evidenced by the increased investments made in talent assessments to know where the employees are strong and where they require improvement. This focus on continuous development enhances employee performance while also aiding retention. Thus, this segment is a critical area of growth for talent assessment

• Recruitment and Selection
• Employee Development
• Performance Management
• Succession Planning

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion