The corporate assessment service market in Europe is expected to grow from US$ 713.2 Mn in 2018 to US$ 1,167.8 Mn by the year 2027 with a CAGR of 5.8% from the year 2019 to 2027.
The companies operating in the corporate assessment services market are offering services for various phases of a recruitment lifecycle, which includes pre-hire, post-hire, and talent development and training. The companies offering corporate assessment solutions are leveraging advanced technologies such as AI and predictive analytics to derive actionable insights from the objective data. The corporate assessment services offer various advantages over the traditional hiring process, such as greater flexibility, scalability, and better talent development and retention.
During the forecast period of 2019 to 2027, the entrance assessment services by application is anticipated to be the largest contributor in the corporate assessment service market. Whereas, recruitment & promotion assessment services segment is projected to be the fastest-growing application with the highest CAGR over the forecast period.
The growing focus towards hiring the best fit candidate for the job role and efficient management of large candidate’s pools are the major factors that are driving the growth of entrance assessment service market. The promotion assessment services enable the employer to assess the skills and abilities of individual employee required for a particular role in the company. The promotion assessment services provide a fast, reliable, and transparent way of determining employees for promotion.
Germany dominated the corporate assessment service market in 2018. The country is indulge in adopting and investing in advanced technologies. The companies in Germany are focused on technologically advanced assessment tools for hiring the right candidate for their organization, which helps them to increase the productivity of the business. After Germany, France dominated the Europe corporate assessment service market. The country’s high-education jobs, for engineers, managers, and health professionals, is rising. In 2019, household spending remained the backbone for growth as the unemployment rate fell in October. The country’s manufacturing industry is extremely diversified; though France is currently undergoing a de-industrialization process, which has resulted in the outsourcing of several activities. The figure given below highlights the revenue share of the Rest of Europe in the corporate assessment service market in the forecast period:
Rest of Europe Corporate Assessment Service Market Revenue and Forecasts to 2027 (US$ Mn)
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EUROPE CORPORATE ASSESSMENT SERVICE MARKET SEGMENTATION
By Product
- Cognitive
- Personality
- Knowledge
- Performance
- Company Fit
- Others
By Application
- Campus Recruitment
- Entrance Assessment Services
- Recruitment & Promotion Assessment Services
- Certification Assessment Services
By Hiring Phase
- Pre-Hire
- Post-Hire
By Hiring Level
- Executive
- Entry Level
- Professional
- Others
By Country
- Germany
- Italy
- France
- Russia
- UK
- Rest of Europe
Corporate Assessment Service Market - Companies Mentioned
- AON PLC
- Arctic Shores Limited
- Birkman International, Inc.
- Development Dimensions International, Inc.
- Harrison Assessments
- HireVue
- Korn Ferry
- IBM Corporation
- Mettl Online Assessment
- SHL
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, Hiring Phase, Hiring Level
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Corporate Assessment Services Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Corporate Assessment Services Market – Market Dynamics
5.1 Key Market Drivers
5.1.1 An upsurge in the number of job seekers globally
5.1.2 Mobile Workforce and Job Immigrants are increasing owing to Globalization
5.2 Key Market Restraints
5.2.1 More Concerns Associated with Privacy of Candidates
5.3 Key Market Opportunities
5.3.1 Advancements in Big Data Technology
5.4 Future Trends
5.4.1 Rising Adoption of Advanced Technologies in Corporate Assessment Industry
5.5 Impact Analysis of Drivers and Restraints
6. Corporate Assessment Service Market – Europe Market Analysis
6.1 Market Overview
6.2 Corporate Assessment Service Market Forecast and Analysis
7. Corporate Assessment Services Market Analysis – By Product
7.1 Overview
7.1.1 Corporate Assessment Services Market Breakdown, By Product, 2018 & 2027
7.2 Cognitive
7.2.1 Overview
7.2.2 Cognitive Market Revenue and Forecasts to 2027 (US$ Mn)
7.3 Personality
7.3.1 Overview
7.3.2 Personality Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Knowledge
7.4.1 Overview
7.4.2 Knowledge Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Performance
7.5.1 Overview
7.5.2 Performance Market Revenue and Forecasts to 2027 (US$ Mn)
7.6 Company Fit
7.6.1 Overview
7.6.2 Company Fit Market Revenue and Forecasts to 2027 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
8. Corporate Assessment Services Market Analysis – By Hiring Phase
8.1 Overview
8.2 Corporate Assessment Services Market Breakdown, By Hiring Phase, 2018 & 2027
8.3 Pre-Hire
8.3.1 Overview
8.3.2 Pre-Hire Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Post-Hire
8.4.1 Overview
8.4.2 Post-Hire Market Revenue and Forecasts to 2027 (US$ Mn)
9. Corporate Assessment Services Market Analysis – By Application
9.1 Overview
9.2 Corporate Assessment Services Market Breakdown, By Application, 2018 & 2027
9.3 Campus Recruitment
9.3.1 Overview
9.3.2 Campus Recruitment Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Entrance Assessment Services
9.4.1 Overview
9.4.2 Entrance Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Recruitment & Promotion Assessment Services
9.5.1 Overview
9.5.2 Recruitment & Promotion Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Certification Assessment Services
9.6.1 Overview
9.6.2 Certification Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
10. Corporate Assessment Services Market Analysis – By Hiring Level
10.1 Overview
10.2 Corporate Assessment Services Market Breakdown, By Hiring Level, 2018 & 2027
10.3 Executive
10.3.1 Overview
10.3.2 Executive Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Entry Level
10.4.1 Overview
10.4.2 Entry Level Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Professional
10.5.1 Overview
10.5.2 Professional Market Revenue and Forecasts to 2027 (US$ Mn)
10.6 Others
10.6.1 Overview
10.6.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
11. Corporate Assessment Service Market – By Country
11.1 Market Overview
11.1.1 Corporate Assessment Services Market Breakdown, By Country
11.1.1.1 UK Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.1.1 UK Corporate Assessment Services Market Breakdown, by Product
11.1.1.1.2 UK Corporate Assessment Services Market Breakdown, by Application
11.1.1.1.3 UK Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.1.4 UK Corporate Assessment Services Market Breakdown, by Hiring Level
11.1.1.2 Germany Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.2.1 Germany Corporate Assessment Services Market Breakdown, by Product
11.1.1.2.2 Germany Corporate Assessment Services Market Breakdown, by Application
11.1.1.2.3 Germany Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.2.4 Germany Corporate Assessment Services Market Breakdown, by Hiring Level
11.1.1.3 France Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.3.1 France Corporate Assessment Services Market Breakdown, by Product
11.1.1.3.2 France Corporate Assessment Services Market Breakdown, by Application
11.1.1.3.3 France Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.3.4 France Corporate Assessment Services Market Breakdown, by Hiring Level
11.1.1.4 Russia Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.4.1 Russia Corporate Assessment Services Market Breakdown, by Product
11.1.1.4.2 Russia Corporate Assessment Services Market Breakdown, by Application
11.1.1.4.3 Russia Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.4.4 Russia Corporate Assessment Services Market Breakdown, by Hiring Level
11.1.1.5 Italy Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.5.1 Italy Corporate Assessment Services Market Breakdown, by Product
11.1.1.5.2 Italy Corporate Assessment Services Market Breakdown, by Application
11.1.1.5.3 Italy Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.5.4 Italy Corporate Assessment Services Market Breakdown, by Hiring Level
11.1.1.6 Rest of Europe Corporate Assessment Services Market, Revenue and Forecast to 2027
11.1.1.6.1 Rest of Europe Corporate Assessment Services Market Breakdown, by Product
11.1.1.6.2 Rest of Europe Corporate Assessment Services Market Breakdown, by Application
11.1.1.6.3 Rest of Europe Corporate Assessment Services Market Breakdown, by Hiring Phase
11.1.1.6.4 Rest of Europe Corporate Assessment Services Market Breakdown, by Hiring Level
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profile
13.1 AON Plc
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products & Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Arctic Shores Limited
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Product & Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Birkman International, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Development Dimensions International, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Harrison Assessments
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Product & Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 HireVue
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Product & Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Korn Ferry
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 IBM Corporation
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Mettl Online Assessment
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 SHL
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Corporate Assessment Service Market Revenue and Forecast to 2027 (US$ Mn)
Table 2. UK Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 3. UK Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 4. UK Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 5. UK Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 6. Germany Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 7. Germany Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 8. Germany Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 9. Germany Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 10. France Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 11. France Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 12. France Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 13. France Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 14. Russia Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 15. Russia Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 16. Russia Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 17. Russia Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 18. Italy Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 19. Italy Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 20. Italy Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 21. Italy Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 22. Rest of Europe Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Product (US$ Mn)
Table 23. Rest of Europe Corporate Assessment Services Market, Revenue and Forecast to 2027 – Application (US$ Mn)
Table 24. Rest of Europe Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Phase (US$ Mn)
Table 25. Rest of Europe Corporate Assessment Services Market, Revenue and Forecast to 2027 – By Hiring Level (US$ Mn)
Table 26. Glossary of Terms, Global Corporate Assessment Services Market
LIST OF FIGURES
Figure 1. Corporate Assessment Services Market Segmentation
Figure 2. Corporate Assessment Services Market Segmentation – By Geography
Figure 3. Corporate Assessment Services Market – Overview
Figure 4. Corporate Assessment Services Market – Strategy Analysis
Figure 5. Corporate Assessment Services Market – By Product
Figure 6. Corporate Assessment Services Market – By Application
Figure 7. Corporate Assessment Services Market – By Hiring Phase
Figure 8. Corporate Assessment Services Market – By Hiring Level
Figure 9. Europe PEST Analysis
Figure 10. Corporate Assessment Service Market – Ecosystem Analysis
Figure 11. Corporate Assessment Services Market, Impact Analysis of Drivers and Restraints
Figure 12. Corporate Assessment Services Market Breakdown, By Product, 2018 & 2027 (%)
Figure 13. Cognitive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Personality Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Knowledge Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Performance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. Company Fit Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Corporate Assessment Services Market Breakdown, By Hiring Phase, 2018 & 2027 (%)
Figure 20. Pre-Hire Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Post-Hire Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Corporate Assessment Services Market Breakdown, By Application, 2018 & 2027 (%)
Figure 23. Campus Recruitment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Entrance Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Recruitment & Promotion Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Certification Assessment Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Corporate Assessment Services Market Breakdown, by Hiring Level, 2018 & 2027 (%)
Figure 28. Executive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Entry Level Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Professional Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Corporate Assessment Services Market Breakdown, By Country, 2018 & 2027(%)
Figure 33. UK Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 34. Germany Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 35. France Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 36. Russia Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 37. Italy Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
Figure 38. Rest of Europe Corporate Assessment Services Market, Revenue and Forecast, 2018–2027 (US$ Mn)
The List of Companies are - Europe Corporate Assessment Service Market
- AON PLC
- Arctic Shores Limited
- Birkman International, Inc.
- Development Dimensions International, Inc.
- Harrison Assessments
- HireVue
- Korn Ferry
- IBM Corporation
- Mettl Online Assessment
- SHL
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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