Personality Assessment Solution Market to Grow at a CAGR of 12.1% to reach US$ 16,461.43 Million from 2021 to 2028

Personality Assessment Solution Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Delivery Model (In-House and Outsourced) and End-User (Corporate/Enterprise, Academic/Education, and Government)

  • Report Code : TIPRE00008323
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 179
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The personality assessment solutions market is expected to grow from US$ 7,421.59 million in 2021 to US$ 16,461.43 million by 2028; it is estimated to grow at a CAGR of 12.1% during 2021-2028.

Recruitment has always been an essential factor for any organizational growth. Recruitment is a complicated process involving screening, interviewing, assessing, and selecting suitable candidates for an organization. The increase in demand to enhance the recruitment process among end users and the rapid growth of technology-driven employee screening tools are factors anticipated to boost the adoption of personality assessment solutions for the recruitment process and the Personality Assessment Solutions Market. Personality assessment provides the interviewer with standardized, valuable insights regarding how candidates behave in a work context and predict job performance and company fit. This assessment allows the interviewer to accurately assess essential personality traits of the candidate such as conscientiousness, openness, agreeableness, extraversion, stability, and other various characteristics, including sociability, leadership orientation, need for recognition, cooperation, dependability, consideration, efficiency, achievement striving, even-temperament, abstract thinking, self-confidence, and creative thinking. Personality assessment provides recruiters with objective insights that significantly improve candidate selection.

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Personality Assessment Solution Market: Strategic Insights

personality-assessment-solutions-market
Market Size Value inUS$ 7,421.59 Million in 2020
Market Size Value byUS$ 16,461.43 Million by 2028
Growth rateCAGR of 12.1% from 2021-2028
Forecast Period2021-2028
Base Year2020
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Impact of COVID-19 Pandemic on Personality Assessment Solutions Market

In the beginning of 2020, after the imposition of nationwide lockdowns across the globe, many industries were not working. Due to less revenue income, the recruitment process was also hampered much in small & medium enterprises. Therefore, the demand for the personality assessment solutions was low and Personality Assessment Solutions Market has experienced a slow growth in 2020. But in the large IT sector, irrespective of the COVID-19 pandemic, the hiring process was going significantly. From the mid of 2020, after the adoption of the digital platform by multiple businesses, the corporates have increasingly adopted technology-aided recruitment tools that can be leveraged remotely and ensure hiring and business continuity amid disruptions. The virtual model of recruitment is here to stay. There was a rush toward new-age technology-aided recruitment/HR tools in mid-2020, amid the COVID-19 pandemic. New-age recruitment tools will continue to be leveraged extensively and increasingly in the future. North America is one of the most critical regions for Personality Assessment Solution Market in terms of 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 countries such as the US and Canada.

Lucrative Regions for Personality Assessment Solutions Providers

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Personality Assessment Solutions Market Insights

Requirement of Personality Assessment Solutions in Educational Sector for Career Guidance Support Fuels Growth of Personality Assessment Solutions Market

With several career paths available, students start preparing to figure out which career option would be their best fit and accordingly choose the higher education program. They are often confused about which bachelors’ program to pursue after high school. Most individuals are forced to make career decisions at a young age. For instance, in India, by 10th grade, students are supposed to choose one among the three streams from arts, commerce, and science. By 12th grade, they must decide which college to go to and which major to choose. These decisions put students on an irreversible path toward a career that they might fail in, and by the time they realize that job is not a good fit for them, it is already too late. Thus, students' personality assessments are an in-depth assessment of the test taker’s strengths, weaknesses, beliefs, and other personality traits that reveal crucial information about the individual’s psychological makeup. These questions help provide an understanding of the user’s psyche and categorize their characteristics. Therefore, there will always be a need for personality assessment solutions in the educational sector.

Delivery Model-Based Market Insights

Based on delivery model, the personality assessment solutions market is bifurcated into in-house and outsourced. In 2020, the outsourced segment accounted for a larger market share.

Personality Assessment Solutions Market, by Delivery Model, 2020 and 2028 (%)

Personality Assessment Solutions Market, by Delivery Model, 2020 and 2028 (%)
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End-User-Based Market Insights

Based on end-user, the personality assessment solutions market is segmented into corporate/enterprise, academic/education, and government. In 2020, the corporate/enterprise segment accounted for the largest share in the market.

The players operating in the personality assessment solutions market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
  • In June 2021, Russell Reynolds Associates and Hogan Assessments announced a 5-year extension to their global partnership, which is designed to accelerate the development of rising leaders and enhance the success rate of executive appointments.
  • In March 2021, Sif Criteria announced that it acquired Australia based Alcami Interactive, one of the most on demand video interviewing platforms. Criteria will be offering its 4000+ customers with Alcami’s video interviewing service through its platform.



The global personality assessment solutions market has been segmented as mentioned below:
By Delivery Model

  • In-House
  • Outsourced

By End-User

  • Corporate/Enterprise
    • BFSI
    • Hospitality
    • IT & Telecom
    • Media & Entertainment
    • Healthcare & Pharmaceutical
    • Others
  • Academic/Education
  • Government

By Geography

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East & Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA
  • South America (SAM)
    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Criteria Corp.
  • Hogan Assessments
  • Development Dimensions International, Inc.
  • Persona Labs
  • SHL
  • SIGMA Assessment Systems Inc.
  • Paradox, Inc.
  • TTI Success Insights
  • Aon plc.
  • Mercer LLC
  • Eightfold AI
  • Thomas International Ltd
  • Culture Index
  • The Predictive Index
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Delivery Model, and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are key driving factors behind personality assessment solutions market growth?

Recruitment has always been an essential factor for any organizational growth. Recruitment is a complicated process involving screening, interviewing, assessing, and selecting suitable candidates for an organization. The increase in demand to enhance the recruitment process among end users and the rapid growth of technology-driven employee screening tools are factors anticipated to boost the adoption of personality assessment solutions for the recruitment process.

What are key market opportunities for personality assessment solutions market?

Using personality assessment tests with current employees and sharing the results can help team members better understand each other. When employees understand how their co-workers and managers prefer to communicate, they become more productive and comfortably adapt to the environment. Moreover, the personality test for employee development helps HRs gain insight into how an employee can be groomed for future roles by highlighting their potential personality traits.

Which delivery model is expected to dominate the market in the forecast period?

The global personality assessment solutions market was dominated by the outsourced segment with market share of 66.2% in 2020. Many agency recruiters purchase personality assessment solution tools for their hiring processes. A recruitment agency is basically responsible for sourcing candidates for numerous clients across a wide range of industries. Agency recruiters carry out placement process for schools, colleges, corporate companies, hospitality firms, pharmaceutical sector, media and entertainment organizations, IT and telecom sector etc.

Which region has dominated the personality assessment solutions market in 2020?

In 2020, Europe led the market with a substantial revenue share, followed by North America and APAC. Asia Pacific is a prospective market for personality assessment solutions market players.

Which are the major companies operating in the personality assessment solutions market?

The major companies in personality assessment solutions includes Aon plc, SHL, Gallup, Inc., Development Dimension International, Inc., Frankin Convey Co.

Which are the major end users for personality assessment solutions?

The major end-user in personality assessment solutions includes corporate/ enterprise, academic/ education, and government. The corporate/ enterprise segment led the personality assessment solutions market globally with a market share of 79.1% in the year 2020.

1. Introduction

1.1 Study Scope

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. Personality Assessment Solutions Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 North America – PEST Analysis

4.2.2 Europe – PEST Analysis

4.2.3 APAC– PEST Analysis

4.2.4 Middle East and Africa – PEST Analysis

4.2.5 South America – PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. Personality Assessment Solutions Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Growing Adoption of Personality Assessment Solutions for Recruitment Process

5.1.2 Requirement of Personality Assessment Solutions in Educational Sector for Career Guidance Support

5.2 Market Restraints

5.2.1 Issues Related with Personality Assessment Solutions

5.3 Market Opportunities

5.3.1 Benefits of Personality Assessment Solutions

5.4 Future Trends

5.4.1 Escalating Adoption of Cloud-Based Personality Assessment Solutions

5.5 Impact Analysis of Drivers and Restraints

6. Personality Assessment Solutions Market – Global Analysis

6.1 Personality Assessment Solutions Market Global Overview

6.2 Personality Assessment Solutions Market – Global Revenue and Forecast to 2028 (US$ Million)

6.3 Market Positioning – Five Key Players

7. Personality Assessment Solutions Market Analysis – By Delivery Model

7.1 Overview

7.2 Personality Assessment Solutions Market, By Product Type (2020 and 2028)

7.3 In-House

7.3.1 Overview

7.3.2 In-House: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

7.4 Outsourced

7.4.1 Overview

7.4.2 Outsourced: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8. Personality Assessment Solutions Market Analysis – By End User

8.1 Overview

8.2 Personality Assessment Solutions Market, By End-User (2020 and 2028)

8.3 Corporate/Enterprise

8.3.1 Overview

8.3.2 Corporate/Enterprise: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.1 BFSI

8.3.2.1.1 Overview

8.3.2.1.2 BFSI: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.2 Hospitality

8.3.2.2.1 Overview

8.3.2.2.2 Hospitality: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.3 IT & Telecom

8.3.2.3.1 Overview

8.3.2.3.2 IT & Telecom: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.4 Media & Entertainment

8.3.2.4.1 Overview

8.3.2.4.2 Media & Entertainment: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.5 Healthcare & Pharmaceuticals

8.3.2.5.1 Overview

8.3.2.5.2 Healthcare & Pharmaceuticals: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.3.2.6 Others

8.3.2.6.1 Overview

8.3.2.6.2 Others: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.4 Academic /Education

8.4.1 Overview

8.4.2 Academic / Education: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

8.5 Government

8.5.1 Overview

8.5.2 Government: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

9. Personality Assessment Solutions Market – Geographic Analysis

9.1 Overview

9.2 North America: Personality Assessment Solutions Market

9.2.1 North America: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Personality Assessment Solutions Market- by Delivery Model

9.2.3 North America: Personality Assessment Solutions Market- By End-user

9.2.3.1 North America: Personality Assessment Solutions Market- By Corporate/Enterprise

9.2.4 North America: Personality Assessment Solutions Market- by Key Country

9.2.4.1 US: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Personality Assessment Solutions Market- by Delivery Model

9.2.4.1.2 US: Personality Assessment Solutions Market- By End-user

9.2.4.1.2.1 US: Personality Assessment Solutions Market- By Corporate/Enterprise

9.2.4.2 Canada: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Personality Assessment Solutions Market- by Delivery Model

9.2.4.2.2 Canada: Personality Assessment Solutions Market- By End-user

9.2.4.2.2.1 Canada: Personality Assessment Solutions Market- By Corporate/Enterprise

9.2.4.3 Mexico: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Personality Assessment Solutions Market- by Delivery Model

9.2.4.3.2 Mexico: Personality Assessment Solutions Market- By End-user

9.2.4.3.2.1 Mexico: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3 Europe: Personality Assessment Solutions Market

9.3.1 Europe: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Personality Assessment Solutions Market- by Delivery Model

9.3.3 Europe: Personality Assessment Solutions Market- By End-user

9.3.3.1 Europe: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4 Europe: Personality Assessment Solutions Market- by Key Country

9.3.4.1 Germany: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Personality Assessment Solutions Market- by Delivery Model

9.3.4.1.2 Germany: Personality Assessment Solutions Market- By End-user

9.3.4.1.2.1 Germany: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4.2 France: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Personality Assessment Solutions Market- by Delivery Model

9.3.4.2.2 France: Personality Assessment Solutions Market- By End-user

9.3.4.2.2.1 France: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4.3 Italy: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Personality Assessment Solutions Market- by Delivery Model

9.3.4.3.2 Italy: Personality Assessment Solutions Market- By End-user

9.3.4.3.2.1 Italy: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4.4 UK: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Personality Assessment Solutions Market- by Delivery Model

9.3.4.4.2 UK: Personality Assessment Solutions Market- By End-user

9.3.4.4.2.1 UK: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4.5 Russia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Personality Assessment Solutions Market- by Delivery Model

9.3.4.5.2 Russia: Personality Assessment Solutions Market- By End-user

9.3.4.5.2.1 Russia: Personality Assessment Solutions Market- By Corporate/Enterprise

9.3.4.6 Rest of Europe: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Personality Assessment Solutions Market- by Delivery Model

9.3.4.6.2 Rest of Europe: Personality Assessment Solutions Market- By End-user

9.3.4.6.2.1 Rest of Europe: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4 APAC: Personality Assessment Solutions Market

9.4.1 APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.2 APAC: Personality Assessment Solutions Market- by Delivery Model

9.4.3 APAC: Personality Assessment Solutions Market- By End-user

9.4.3.1 APAC: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4 APAC: Personality Assessment Solutions Market- by Key Country

9.4.4.1 China: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 China: Personality Assessment Solutions Market- by Delivery Model

9.4.4.1.2 China: Personality Assessment Solutions Market- By End-user

9.4.4.1.2.1 China: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4.2 India: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 India: Personality Assessment Solutions Market- by Delivery Model

9.4.4.2.2 India: Personality Assessment Solutions Market- By End-user

9.4.4.2.2.1 India: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4.3 Japan: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 Japan: Personality Assessment Solutions Market- by Delivery Model

9.4.4.3.2 Japan: Personality Assessment Solutions Market- By End-user

9.4.4.3.2.1 Japan: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4.4 South Korea: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 South Korea: Personality Assessment Solutions Market- by Delivery Model

9.4.4.4.2 South Korea: Personality Assessment Solutions Market- By End-user

9.4.4.4.2.1 South Korea: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4.5 Australia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 Australia: Personality Assessment Solutions Market- by Delivery Model

9.4.4.5.2 Australia: Personality Assessment Solutions Market- By End-user

9.4.4.5.2.1 Australia: Personality Assessment Solutions Market- By Corporate/Enterprise

9.4.4.6 Rest of APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of APAC: Personality Assessment Solutions Market- by Delivery Model

9.4.4.6.2 Rest of APAC: Personality Assessment Solutions Market- By End-user

9.4.4.6.2.1 Rest of APAC: Personality Assessment Solutions Market- By Corporate/Enterprise

9.5 MEA: Personality Assessment Solutions Market

9.5.1 MEA: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.5.2 MEA: Personality Assessment Solutions Market- by Delivery Model

9.5.3 MEA: Personality Assessment Solutions Market- By End-user

9.5.3.1 MEA: Personality Assessment Solutions Market- By End-user

9.5.4 MEA: Personality Assessment Solutions Market- by Key Country

9.5.4.1 South Africa: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Personality Assessment Solutions Market- by Delivery Model

9.5.4.1.2 South Africa: Personality Assessment Solutions Market- By End-user

9.5.4.1.2.1 South Africa: Personality Assessment Solutions Market- By Corporate/Enterprise

9.5.4.2 UAE: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 UAE: Personality Assessment Solutions Market- by Delivery Model

9.5.4.2.2 UAE: Personality Assessment Solutions Market- By End-user

9.5.4.2.2.1 UAE: Personality Assessment Solutions Market- By Corporate/Enterprise

9.5.4.3 Saudi Arabia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 Saudi Arabia: Personality Assessment Solutions Market- by Delivery Model

9.5.4.3.2 Saudi Arabia: Personality Assessment Solutions Market- By End-user

9.5.4.3.2.1 Saudi Arabia: Personality Assessment Solutions Market- By Corporate/Enterprise

9.5.4.4 Rest of MEA: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Personality Assessment Solutions Market- by Delivery Model

9.5.4.4.2 Rest of MEA: Personality Assessment Solutions Market- By End-user

9.5.4.4.2.1 Rest of MEA: Personality Assessment Solutions Market- By Corporate/Enterprise

9.6 SAM: Personality Assessment Solutions Market

9.6.1 SAM: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.6.2 SAM: Personality Assessment Solutions Market- by Delivery Model

9.6.3 SAM: Personality Assessment Solutions Market- By End-user

9.6.3.1 SAM: Personality Assessment Solutions Market- By Corporate/Enterprise

9.6.4 SAM: Personality Assessment Solutions Market- by Key Country

9.6.4.1 Brazil: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Personality Assessment Solutions Market- by Delivery Model

9.6.4.1.2 Brazil: Personality Assessment Solutions Market- By End-user

9.6.4.1.2.1 Brazil: Personality Assessment Solutions Market- By Corporate/Enterprise

9.6.4.2 Argentina: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Personality Assessment Solutions Market- by Delivery Model

9.6.4.2.2 Argentina: Personality Assessment Solutions Market- By End-user

9.6.4.2.2.1 Argentina: Personality Assessment Solutions Market- By Corporate/Enterprise

9.6.4.3 Rest of SAM: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of SAM: Personality Assessment Solutions Market- by Delivery Model

9.6.4.3.2 Rest of SAM: Personality Assessment Solutions Market- By End-user

9.6.4.3.2.1 Rest of SAM: Personality Assessment Solutions Market- By Corporate/Enterprise

10. Impact of COVID-19 Pandemic on Global Personality Assessment Solutions Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 APAC: Impact Assessment of COVID-19 Pandemic

10.5 MEA: Impact Assessment of COVID-19 Pandemic

10.6 SAM Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Market Initiative

11.2 Merger and Acquisition

11.3 New Development

12. Company Profiles

12.1 Criteria Corp.

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Hogan Assessments

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Development Dimensions International, Inc.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Persona Labs

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 SHL

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 SIGMA Assessment Systems Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Paradox, Inc.

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 TTI Success Insights

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Aon plc.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Mercer LLC

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

12.11 Eightfold AI

12.11.1 Key Facts

12.11.2 Business Description

12.11.3 Products and Services

12.11.4 Financial Overview

12.11.5 SWOT Analysis

12.11.6 Key Developments

12.12 Thomas International Ltd

12.12.1 Key Facts

12.12.2 Business Description

12.12.3 Products and Services

12.12.4 Financial Overview

12.12.5 SWOT Analysis

12.12.6 Key Developments

12.13 Culture Index

12.13.1 Key Facts

12.13.2 Business Description

12.13.3 Products and Services

12.13.4 Financial Overview

12.13.5 SWOT Analysis

12.13.6 Key Developments

12.14 The Predictive Index

12.14.1 Key Facts

12.14.2 Business Description

12.14.3 Products and Services

12.14.4 Financial Overview

12.14.5 SWOT Analysis

12.14.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index


LIST OF TABLES

Table 1. Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2. North America: Personality Assessment Solutions Market- by Delivery Model – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: Personality Assessment Solutions Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 5. US: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 7. US Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 8. Canada: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 11. Mexico: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 12. Mexico: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 14. Europe: Personality Assessment Solutions Market- by Delivery Model – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: Personality Assessment Solutions Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 17. Germany: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 18. Germany: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 19. Germany: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 20. France: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 21. France: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 22. France: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 23. Italy: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 24. Italy: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 25. Italy Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 26. UK: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 27. UK: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 28. UK: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 29. Russia: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 30. Russia: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 31. Russia: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 32. Rest of Europe: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 33. Rest of Europe: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 34. Rest of Europe: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 35. APAC: Personality Assessment Solutions Market- by Delivery Model – Revenue and Forecast to 2028 (US$ Million)

Table 36. APAC: Personality Assessment Solutions Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

Table 37. APAC: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 38. China: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 39. China: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 40. China: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 41. India: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 42. India: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 43. India: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 44. Japan: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 45. Japan: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 46. Japan Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 47. South Korea: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 48. South Korea: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 49. South Korea: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 50. Australia: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 51. Australia: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 52. Australia: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 53. Rest of APAC: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 54. Rest of APAC: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 55. Rest of APAC: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 56. MEA: Personality Assessment Solutions Market- by Delivery Model– Revenue and Forecast to 2028 (US$ Million)

Table 57. MEA: Personality Assessment Solutions Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

Table 58. MEA: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 59. South Africa: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 60. South Africa: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 61. South Africa: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 62. UAE: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 63. UAE: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 64. UAE: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 65. Saudi Arabia: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 66. Saudi Arabia: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 67. Saudi Arabia: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 68. Rest of MEA: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 69. Rest of MEA: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 70. Rest of MEA: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 71. SAM: Personality Assessment Solutions Market- by Delivery Model – Revenue and Forecast to 2028 (US$ Million)

Table 72. SAM: Personality Assessment Solutions Market- By End-user – Revenue and Forecast to 2028 (US$ Million)

Table 73. SAM: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 74. Brazil: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 75. Brazil: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 76. Brazil: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 77. Argentina: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)

Table 78. Argentina: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 79. Argentina: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 80. Rest of SAM: Personality Assessment Solutions Market- by Delivery Model–Revenue and Forecast to 2028 (US$ Million)

Table 81. Rest of SAM: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)

Table 82. Rest of SAM: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)

Table 83. List of Abbreviation


LIST OF FIGURES

Figure 1. Personality Assessment Solutions Market Segmentation

Figure 2. Personality Assessment Solutions Market Segmentation – By Geography

Figure 3. Global Personality Assessment Solutions Market Overview

Figure 4. Outsourced Segment Held the Largest Market Share in 2020

Figure 5. Corporate/Enterprise Segment Held the Largest Market Share in 2020

Figure 6. Europe was the Largest Revenue Contributor in 2020

Figure 7. North America – PEST Analysis

Figure 8. Europe – PEST Analysis

Figure 9. APAC– PEST Analysis

Figure 10. Middle East and Africa – PEST Analysis

Figure 11. South America – PEST Analysis

Figure 12. Personality Assessment Solutions Market– Ecosystem Analysis

Figure 13. Expert Opinions

Figure 14. Personality Assessment Solutions Market: Impact Analysis of Drivers and Restraints

Figure 15. Geographic Overview: Personality Assessment Solutions Market

Figure 16. Global Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Personality Assessment Solutions Market Revenue Share, by Product Type (2020 and 2028)

Figure 18. In-House: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19. Outsourced: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 20. Personality Assessment Solutions Market Revenue Share, by End-User (2020 and 2028)

Figure 21. Corporate/Enterprise: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 22. BFSI: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 23. Hospitality: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 24. IT & Telecom: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 25. Media & Entertainment: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 26. Healthcare & Pharmaceuticals: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 27. Others: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 28. Academic / Education: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 29. Government: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 30. Personality Assessment Solutions Market Revenue Share, By Region (2020 and 2028)

Figure 31. North America: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. North America: Personality Assessment Solutions Market Revenue Share, by Delivery Model (2020 and 2028)

Figure 33. North America: Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)

Figure 34. North America: Personality Assessment Solutions Market Revenue Share, by Key Country (2020 and 2028)

Figure 35. US: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Europe: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. Europe: Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)

Figure 40. Europe: Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)

Figure 41. Europe: Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)

Figure 42. Germany: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. France: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Italy: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. UK: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 46. Russia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 47. Rest of Europe: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 48. APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 49. APAC: Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)

Figure 50. APAC: Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)

Figure 51. APAC: Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)

Figure 52. China: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. India: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Japan: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. South Korea: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. Australia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. Rest of APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 58. MEA: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. MEA: Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)

Figure 60. MEA: Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)

Figure 61. MEA: Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)

Figure 62. South Africa: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. UAE: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. Saudi Arabia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Rest of MEA: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. SAM: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. SAM: Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)

Figure 68. SAM: Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)

Figure 69. SAM: Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)

Figure 70. Brazil: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 71. Argentina: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 72. Rest of SAM: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)

Figure 73. Impact of COVID-19 Pandemic in North American Country Markets

Figure 74. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 75. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 76. Impact of COVID-19 Pandemic in MEA Country Markets

Figure 77. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Personality Assessment Solution Market

  1. Criteria Corp.
  2. Hogan Assessments
  3. Development Dimensions International, Inc.
  4. Persona Labs
  5. SHL
  6. SIGMA Assessment Systems Inc.
  7. Paradox, Inc.
  8. TTI Success Insights
  9. Aon plc.
  10. Mercer LLC

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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