Asia Pacific Personality Assessment Solutions Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Delivery Model (In-house and Outsourced) and End-User (Corporate/Enterprise, Academic/Education, and Government)
Market Introduction
The increasing number of internet users is one of the factors for the growth of the personality assessment solutions market. As according to Statista data of 2021, China had a total of 854 million internet users in the second quarter of 2021, followed by India with 560 million internet users, and Japan with 118.63 million internet uses. Further, in 2020, South Korea had around 47 million internet users. This figure is projected to grow to ~48.13 million internet users by 2026. Similarly, in Australia there were 22.31 million internet users in January 2021. The number of internet users in Australia increased by 265 thousand (+1.2%) between 2019 and 2021. With the growing internet users across the region, the need of online recruitment process is growing, which ultimately drives the personality assessment solutions market growth. Every organization has unique recruiting needs, and as the organization grows, the needs change. Growth occurs rapidly in a few organizations, and it becomes almost impossible to meet the recruiting needs unless the process is changed. For example, Groupon, operated as gaopeng.com in China, is a daily deal website featuring regional and local deals on activities, restaurants, products, services, and more. Groupon is growing and presently operating in 48 countries. Fabian Kast, Groupon China's Head of Recruitment, met with the daunting task of setting up multiple offices across different cities with teams that were supposed to hire for various positions simultaneously. Using recruitment software from Recruiterbox made it easy for Groupon to employ an efficient workforce for different departments across different countries remotely. Thus, online recruitment helps saves traveling cost and time in recruiting in different countries at the same time. With the growing online recruitment, the demand for personality assessment solutions is also growing for selecting right candidates.
In 2020, because of many cases in China, the Asia Pacific region was greatly affected by COVID-19. The country also homes the most significant population worldwide, thereby imposing greater risk on many individuals; it is also a world leader of many world-wide brands. According to the Organization for Economic Co-operation and Development (OECD), the pandemic has also affected other significant economies outside China, such as India, Australia, and Japan, and is experiencing low inflation. Further, in 2021, the offices are operating fluently with the uplifting of lockdown and ongoing vaccination process. Due to the high presence of the IT sector, the personality assessment solutions market is growing irrespective of the COVID-19 impact. Due to the pandemic, there is a rush towards new-age technology-aided recruitment/HR tools. Corporates want to have data-based and analysis-driven inputs to make recruitment decisions. They employ various modern tools to ensure candidates and personality assessment solutions are one of them. For instance, according to the Economic Times of May 2021, pre-employment technical assessments, advanced coding simulators, and online coding interviews are in huge demand for hiring software developers, data scientists, data mining professionals, and front-end and back-end developers in the Asia Pacific. Moreover, in 2021, after the colleges are being re-opened with remote studying facilities, the personality assessment solutions help students decide their career path.
Get more information on this report :
Market Overview and Dynamics
The personality assessment solutions market in Asia Pacific is expected to grow from US$ 1,989.81 million in 2021 to US$ 4,823.20 million by 2028; it is estimated to grow at a CAGR of 13.5% from 2021 to 2028. According to the Statista data, as of January 2021, there were 4.66 billion internet users present globally (59% of the world population). From this total, 92.6% (4.32 billion) accessed the internet through mobile devices, till 2020, APAC was the region with the most significant number of online users with over 2.5 billion. In 2020, China dominated the market share globally, followed by India, China had more than 854 million internet users, and India had around 560 million internet users. Therefore, digitalization and the internet are in the initial phase. The continuous growth in the internet users also let the industries transform their business to the digital platform. The need for cloud technology has positively impacted companies because of the storage and data transfer facilities. Most importantly, the use of the cloud is cost-effective, thereby leading businesses to pay for the service as per their use. This factor has influenced the market growth. The cloud-based deployment of personality assessment solutions has been gaining popularity over the past few years. This is primarily due to the development of cloud infrastructure that has enabled easy availability of cloud storage and affordable pricing. Furthermore, training and development courses are made available to students to prepare them for academics, as well as professional sectors, and with cloud technology, there is no issue about the storage capacity. Additionally, it has been observed that businesses are moving toward adopting SaaS-based personality assessment solutions. The high cost of hardware, software, and data center operations are divided among customers by the vendor in the SaaS-based model, thereby allowing customers to avail top of the line infrastructure at a lower cost. Therefore, cloud-based personality assessment solutions will be in huge demand because of less cost and high availability of storage capacity. Thus, with the high penetration.
Key Market Segments
In terms of delivery type, the outsourced segment accounted for the largest share of the Asia Pacific personality assessment solutions market in 2020. In terms of end-user, the corporate/enterprise segment accounted for the largest share of the Asia Pacific personality assessment solutions market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the personality assessment solutions market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Criteria Corp; Hogan Assessments; Development Dimensions International, Inc.; Persona Labs; SHL; TTI Success Insights; Aon plc.; and Mercer LLC among others.
Reasons to buy report
- To understand the Asia Pacific personality assessment solutions market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific personality assessment solutions market
- Efficiently plan M&A and partnership deals in Asia Pacific personality assessment solutions market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific personality assessment solutions market
- Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.
Asia Pacific Personality Assessment Solutions Market Segmentation
Asia Pacific Personality Assessment Solutions Market – By Delivery Model
- In-House
- Outsourced
Asia Pacific Personality Assessment Solutions Market – By End-User
- Corporate/Enterprise
- BFSI
- Hospitality
- IT & Telecom
- Media & Entertainment
- Healthcare & Pharmaceutical
- Others
- Academic/Education
- Government
Asia Pacific Personality Assessment Solutions Market – By Country
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
Asia Pacific Personality Assessment Solutions Market – Companies Mentioned
- Criteria Corp
- Hogan Assessments
- Development Dimensions International, Inc.
- Persona Labs
- SHL
- TTI Success Insights
- Aon plc.
- Mercer LLC
TABLE OF CONTENTS
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. Asia Pacific Personality Assessment Solutions – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Asia Pacific Personality Assessment Solutions Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Boosting Adoption of Personality Assessment Solutions for Recruitment Process
5.1.2 Demand of Personality Assessment Solutions in Educational Sector for Career Guidance Support
5.2 Market Restraints
5.2.1 Challenges Related with Personality Assessment Solutions
5.3 Market Opportunities
5.3.1 Pros of Personality Assessment Solutions
5.4 Future Trends
5.4.1 Thriving Adoption of Cloud-Based Personality Assessment Solutions
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Personality Assessment Solutions – Market Analysis
6.1 Asia Pacific Personality Assessment Solutions Market Overview
6.2 Asia Pacific Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Personality Assessment Solutions Market Analysis – By Delivery Model
7.1 Overview
7.2 Asia Pacific Personality Assessment Solutions Market- by Delivery Model
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. Asia Pacific Personality Assessment Solutions Market Analysis – By End-User
8.1 Overview
8.2 Asia Pacific Personality Assessment Solutions Market- By End-user
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. Asia Pacific Personality Assessment Solutions Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Personality Assessment Solutions Market- by Key Country
9.1.1.1 China: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 China: Personality Assessment Solutions Market- by Delivery Model
9.1.1.1.2 China: Personality Assessment Solutions Market- By End-user
9.1.1.1.2.1 China: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.2 India: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 India: Personality Assessment Solutions Market- by Delivery Model
9.1.1.2.2 India: Personality Assessment Solutions Market- By End-user
9.1.1.2.2.1 India: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.3 Japan: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Japan: Personality Assessment Solutions Market- by Delivery Model
9.1.1.3.2 Japan: Personality Assessment Solutions Market- By End-user
9.1.1.3.2.1 Japan: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.4 South Korea: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 South Korea: Personality Assessment Solutions Market- by Delivery Model
9.1.1.4.2 South Korea: Personality Assessment Solutions Market- By End-user
9.1.1.4.2.1 South Korea: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.5 Australia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Australia: Personality Assessment Solutions Market- by Delivery Model
9.1.1.5.2 Australia: Personality Assessment Solutions Market- By End-user
9.1.1.5.2.1 Australia: Personality Assessment Solutions Market- By Corporate/Enterprise
9.1.1.6 Rest of APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Personality Assessment Solutions Market- by Delivery Model
9.1.1.6.2 Rest of APAC: Personality Assessment Solutions Market- By End-user
9.1.1.6.2.1 Rest of APAC: Personality Assessment Solutions Market- By Corporate/Enterprise
10. Impact of COVID-19 Pandemic on Asia Pacific Personality Assessment Solutions Market
10.1 Overview
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 TTI Success Insights
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 Aon plc.
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 Mercer LLC
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. China: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 3. China: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 5. India: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 8. Japan: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 11. South Korea: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 14. Australia: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 15. Australia: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of APAC: Personality Assessment Solutions Market- by Delivery Model –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Personality Assessment Solutions Market- By End-user –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Personality Assessment Solutions Market, by Corporate/Enterprise – Revenue and Forecast to 2028 (USD Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Personality Assessment Solutions Market Segmentation
Figure 2. Asia Pacific Personality Assessment Solutions Market Segmentation – By Country
Figure 3. Asia Pacific 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. China was the Largest Revenue Contributor in 2020
Figure 7. Asia Pacific – PEST Analysis
Figure 8. Personality Assessment Solutions Market– Ecosystem Analysis
Figure 9. Expert Opinions
Figure 10. Asia Pacific Personality Assessment Solutions Market: Impact Analysis of Drivers and Restraints
Figure 11. Asia Pacific: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Asia Pacific Personality Assessment Solutions Market Revenue Share, By Delivery Model (2020 and 2028)
Figure 13. In-house: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Outsourced: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Asia Pacific Personality Assessment Solutions Market Revenue Share, By End-user (2020 and 2028)
Figure 16. Corporate/Enterprise: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. BFSI: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Hospitality: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. IT & Telecom: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Media & Entertainment: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. Healthcare & Pharmaceuticals: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Others: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Academic / Education: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Government: Personality Assessment Solutions Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 25. Geographic Overview: Asia Pacific Personality Assessment Solutions Market
Figure 26. Asia Pacific Personality Assessment Solutions Market Revenue Share, By Key Country (2020 and 2028)
Figure 27. China: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. India: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Japan: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. South Korea: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Australia: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Rest of APAC: Personality Assessment Solutions Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Criteria Corp
- Hogan Assessments
- Development Dimensions International, Inc.
- Persona Labs
- SHL
- TTI Success Insights
- Aon plc.
- Mercer LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific personality assessment solutions market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific personality assessment solutions market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the personality assessment solutions market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution