Personality Assessment Solutions Market Key companies Profile, their industry Sh

Posted by Sakshi Mishra on December 30th, 2019

According to a new market report pertaining to the global personality assessment solutions market published by Transparency Market Research  the global personality assessment solutions market is projected to reach a value of ~US$ 6.5 Bn by 2027. The global personality assessment solutions market is projected to expand at a CAGR of ~14% from 2019 to 2027.

Over the forecast period, Asia Pacific is anticipated to grow rapidly in the personality assessment solutions market. In terms of share, the personality assessment solutions market is dominated by Europe, followed by North America. In the personality assessment solutions market, the outsourced segment was valued at ~US$ 1.3 Bn in 2018, and is expected to reach ~US$ 4 Bn by 2027, expanding at a CAGR of ~14% during the forecast period.

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Proliferation of SaaS-based Solutions

The cloud-based deployment of personality assessment solutions has gained traction. This is primarily due to the development of cloud infrastructure that has enabled the easy availability of cloud storage, along with affordable pricing. An analysis of on-going trends suggests a shift toward the adoption of SaaS-based personality assessment solutions. The high cost of hardware, software, and data center operations is divided among the customers by the vendor in the SaaS-based model, thus allowing customers to avail top-of-the-line infrastructure at a fraction of the initial cost. SaaS technology helps consolidate various HRM solutions under one single package.

Personality Assessment Solutions Market: Regional Outlook

In terms of region, the global personality assessment solutions market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is expected to dominate the personality assessment solutions market during the forecast period.