candidate skill assessment market Expected to Reach Value USD 5.34 Billion by 2030 | CAGR: 11.5%

A candidate skills assessment analyzes the candidate's ability and education, experience, and proficiency. The skill assessment test helps the hiring manager evaluate whether the candidate is a good match for the job position; if not, the employer can quickly screen out the candidate. Further, using an assessment test, the employer can figure out communication skills and other interpersonal skills.

COVID-19 has benefited the candidate skill assessment market, as many companies are inclined to adopt virtual recruiting technologies. The advancement of technology and broadband connections made it possible for many companies to conduct the test from anywhere. For all these reasons, it is anticipated that the growth of this industry will boost rapidly.

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Candidate Skills Assessment Market: Growth Drivers
As the demand for transparency and efficiency is growing, the company hiring process will drive the growth of the candidate skills assessment industry globally. Further, the increasing number of internet users is another factor increasing the market's growth. A good percentage of candidates say that it is essential for the company to contain transparency as the fresher candidates are highly selective regarding the work culture. Based on all these factors, it is expected to drive the growth of the candidate skill assessment industry globally.
Furthermore, as the work-from-home culture is rising, it is expected to grow the candidate skill assessment market rapidly. Additionally, emerging nations like India, China, and Japan are developing an increasing number of information technology companies. It is expected to grow the candidate assessment market.

Candidate Skill Assessment Market: Report Segmentation
Insight by Component
Based on components, the software segment held the largest revenue share and is anticipated to dominate the market during the forecast period. Most companies provide tools incorporated with innovative technologies, i.e., AI, which helps the recruiter decide whether the candidate is suitable for the profile via sentiment analysis and simulations.

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Geographical Overview: Candidate Assessment Market
Based on geography North America was dominating the global market in 2021. The technological advancement and high adoption of technologies like cloud computing, AI, sentiment analytics, and others in North America are expected to grow the candidate assessment market.
Further, the U.S. is expected to grow rapidly because of the rising battle between software and service providers. Moreover, the Asia pacific is expected to reveals the highest CAGR.

Key Players
The leading key players in the global market include Athena Assessment Inc., Berke, Devskiller, eSkill, HackerRank, HireVue, iMocha, Kandio, Mercer LLC, and The Predictive Index.
Recent Developments
For instance, in October 2021, NTA (National Testing Agency) launched NAT (National Aptitude Test) 2021, an ability profiling exam for students aged 13-25. It aims to guide the students towards the most suitable skill training & institution. NAT is the agency that conducts national medical & engineering exams in India, NEET & JEE Main.

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Candidate Assessment Market: By Component
• Software
• Service

Candidate Assessment Market: By Deployment Model
• On-Premises
• Cloud

Candidate Assessment Market: By Product
• Aptitude/Psychometric Test
• Personality Test
• Coding Test
• Others

Candidate Assessment Market: By End-Use
• Corporate
• Education

Candidate Assessment Market: By Region
• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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