North America Personality Assessment Solutions Market is expected to reach US$ 4,921.97 million by 2028


PRESS RELEASE BY The Insight Partners 13 Dec 2021

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Outsourced segment to dominate North America Personality Assessment Solutions Market during 2020–2028

According to The Insight Partners market research study on “North America Personality Assessment Solutions Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Delivery Model and End-User,” is expected to reach US$ 4,921.97 million by 2028 from US$ 2,351.82 million in 2021. The market is estimated to grow at a CAGR of 11.1% from 2021 to 2028. The report provides trends prevailing in the North America personality assessment solutions market along with the drivers and restraints pertaining to the market growth. Raising adoption of personality assessment solutions for recruitment process, hiring of personality assessment solutions in educational sector for career guidance support, and advantages of personality assessment solutions are the major factor driving the growth of the North America personality assessment solutions market. However, problems related with personality assessment solutions hinder the growth of North America personality assessment solutions market.

North America is one of the most critical regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, the presence of a substantial industrial base, and high purchasing power, especially in developed countries such as the US and Canada. The US is one of the major markets for personality assessment solutions due to the presence of many personality assessment solution developers and a larger number of businesses. During the COVID-19 period, the personality assessment solution has played a major role in the recruitment process due to the various attributes provided by the solution. Therefore, the COVID-19 pandemic has a relatively positive effect on the personality assessment solutions market.

The North America personality assessment solutions market is segmented on the basis of delivery model, end-user, and country. Based on delivery model, the personality assessment solutions market is segmented into in-house and outsourced. In 2020, outsourced segment held the largest share in the market and it is also expected to be the fastest growing segment during the forecast period. On the basis of end-user, the personality assessment solutions market is segmented into corporate/enterprise, academic/education, and government. In 2020, corporate/enterprise segment held the largest share in the market and academic/education is expected to be the fastest growing segment during the forecast period. Further based on corporate/enterprise, the personality assessment solutions market is segmented into BFSI, hospitality, IT & Telecom, media & entertainment, healthcare & pharmaceutical, and others. In 2020, others segment held the largest share in the market and hospitality is expected to be the fastest growing segment during the forecast period. Based on country the market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest share in the market and Canada is expected to be the fastest growing country during the forecast period.

Criteria Corp; Hogan Assessments; Development Dimensions International, Inc.; Persona Labs; SHL; TTI Success Insights; Aon plc.; Mercer LLC; SIGMA Assessment Systems Inc.; and Paradox, Inc. are among the leading companies in the North America personality assessment solutions market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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