Global Talent Assessment Software Market Growth (Status and Outlook) 2024-2030

Global Talent Assessment Software Market Growth (Status and Outlook) 2024-2030

Talent assessment software evaluates candidates and employees based on skills, behaviors, or personality traits, helping companies and HR departments make informed hiring decisions. While these solutions examine necessary skill sets, they more often identify potential mitigating factors and indicators of future success, such as cognitive abilities, work styles, responses to certain situations, and job-specific competencies. This is different from technical skills screening software, which checks candidates for technical skills such as IT, engineering, coding, finance, or customer service. Soft skills, on the other hand, include organization, communication, problem solving, and motivation. Customized testing allows businesses to change the test based on industry, role, and company culture. Hiring managers or HR assign tests based on departmental requirements or general inquiries. Team leaders identify potential sources of problems by examining personality and behavioral traits. Talent assessment solutions may include ready-made question banks and formattable templates. Other options include personalization options that allow users to mix multiple choice, true or false, blank or open-ended questions. These tests are conducted remotely or on-site and often provide real-time results and reporting. These assessments may examine an employee's or candidate's personality, abilities or cognitive abilities, behavioral patterns, and psychological factors.

The global Talent Assessment Software market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.

LPI (LP Information)' newest research report, the “Talent Assessment Software Industry Forecast” looks at past sales and reviews total world Talent Assessment Software sales in 2022, providing a comprehensive analysis by region and market sector of projected Talent Assessment Software sales for 2023 through 2029. With Talent Assessment Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Talent Assessment Software industry.

This Insight Report provides a comprehensive analysis of the global Talent Assessment Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Talent Assessment Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Talent Assessment Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Talent Assessment Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Talent Assessment Software.

United States market for Talent Assessment Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Talent Assessment Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Talent Assessment Software is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Talent Assessment Software players cover The Predictive Index, TestGorilla, Indeed, Equip, Infor, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Talent Assessment Software market by product type, application, key players and key regions and countries.

Segmentation by Type:
Cloud-based
On-premise

Segmentation by Application:
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Cloud-based
On-premise

Segmentation by Application:
Large Enterprises
SMEs

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
The Predictive Index
TestGorilla
Indeed
Equip
Infor
Mettl
Criteria
HiPeople
letsremotify
Xobin
Crystal
Glider
Wonderlic
Canditech
eSkill
SalesDrive, LLC
Wizehire
Testlify
iMocha
HireQuotient

Please note: The report will take approximately 2 business days to prepare and deliver.