Recruitment Assessment Services to Lead India Assessment Services Market until 2021
Increasing student participation in
competitive entrance examinations, rising demand for specialized recruitment
examinations for exhaustive assessment of candidates and growing preference for
online assessment platforms to drive India assessment services market through
2021
According to a report released by
TechSci Research, “India Assessment Services Market By
Assessment Type, By Online Vs. Offline Medium, Competition Forecast &
Opportunities, 2016 – 2021”, assessment
services market in India is projected to reach $ 753 million by 2021. Backed by
increasing awareness among students regarding competitive exams, huge demand
for skilled and talented workforce, and surging preference of the government as
well as corporate sector for online examinations, assessment services market in
India is likely to grow at a healthy pace in the coming years.
India assessment services market comprises
three segments, namely, entrance assessment services, recruitment &
promotion assessment services and certification assessment services. Such
examinations can be conducted via online and pen and paper-based mediums. In
2017, online segment accounted for the largest share in the country’s
assessment services market and is expected to maintain its market dominance
through 2021, backed by easy management and selection of examination schedule,
reduction in additional cost of logistics of pen and paper-based examinations
and easy delivery of results.
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Assessment Services Market"
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According to the All India Survey on
Higher Education, number of students enrolled in undergraduate and post graduate
courses grew from 2.51 million in 2012 to 3.57 million in 2016. This increasing
number is anticipated to boost demand for both entrance examinations for
competitive courses and recruitment opportunities, which in turn would result
in numerous growth opportunities for assessment service companies in India.
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“Assessment
services market in India is at a developing stage and is experiencing rapid
growth on account of increasing enrollment of students in undergraduate and post
graduate courses. Moreover, rising population of the young labor
force, increasing preference for computer-based tests, and growing demand for
certification and online courses to improve the skill set and employability is
expected to drive the assessment services market in the country over the course
of next five years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“India
Assessment Services Market By
Assessment Type, By Online Vs. Offline Medium, Competition Forecast &
Opportunities, 2016 – 2021” has evaluated the future growth potential of assessment
services market and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in India assessment
services market.
About TechSci Research
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Research is serving clients across 11 different industrial verticals. TechSci
Research specializes in research based consulting assignments in high growth and
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TechSci clients to lead rather than follow market trends.
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