Assessment Services Market Regional Analysis:
North America Market Insights
North America industry is likely to dominate majority revenue share of 45% by 2035,. The market growth in the region is also expected on account of the presence of well-advanced educational and employment sectors which largely use assessment services.
The criteria of standardized assessment process for admissions and interviews in the US expand the market size of assessment services. Additionally, due to the growing demand for assessment services in the educational and employment sectors, there is an increase in the number of assessment service providers.
In Canada, the shifting focus toward skill development and a talented workforce has increased the demand for assessment services in almost every sector contributing to its market growth. According to a report, Canadian universities, colleges, and vocational institutions are recognized worldwide for producing a highly skilled workforce.
European Market Insights
The European region will also encounter huge growth in the assessment services market during the forecast period and will hold the second position owing to the high employment rate and increasing demand for assessment services for selecting candidates for various high-tech job roles. According to a source, the EU’s employment rate exceeds 75% in 2023.
In the UK, the growing government’s initiatives towards skill development by forming educational policies have increased the demand for certification assessment and educational assessment.
In Germany, increasing investments in advanced technology and research activities to conduct assessment tests efficiently boost the market growth of assessment services in the region. According to a recent report, in 2022, the IT industry in Germany generated a revenue of around 119 billion euros.
