Personality Assessment Solution Market Outlook from 2024 to 2034
The global personality assessment solution market is estimated to be valued at US$ 10,323.7 million in 2024 amid the need for unique candidate screening tools across organizations. Over the projection period 2024 to 2034, personality assessment solutions & services are set to witness a CAGR of 12.5%. The industry is further projected to reach US$ 57,269.5 million by 2034.
Attributes
Details
Base Value, 2023
US$ 8,751.4 million
Personality Assessment Solution Market Size, 2024
US$ 10,323.7 million
Market Revenue, 2034
US$ 57,269.5 million
Value-based CAGR (2024 to 2034)
12.5%
Increasing need for tailored, comprehensive solutions that accurately assess candidates’ personality traits and behavior for various job roles is propelling the industry’s development. Growing demand for cost-effective solutions in personality assessment tools and the adoption of technology-driven HR practices for recruiters are gaining traction in the industry.
Growth is further set to be fueled by increased interest in psychometric testing for candidate selection and performance evaluation, as well as a focus on team vitality and cohesion. Organizations worldwide are recognizing the significance of learning personality traits for improved decision-making, team dynamics, and workforce performance.
Modern algorithms, online platforms, and data analytics are transforming personality assessment administration, with artificial intelligence and machine learning enhancing accuracy and relevance across applications. Leading companies are increasingly adopting personality assessment solutions across industries, focusing on data privacy and ethical guidelines to ensure their growth.
The ability of a personality assessment solution to use scientifically designed scenarios and questions to evaluate an applicant's motivation and thinking style is estimated to propel demand. Companies are adopting such solutions to evaluate a candidate’s capabilities, leadership qualities, generic personality traits, and social skills. Performance analysis on applicant personality assessments aids recruiters in identifying potential employees and plays a key role in the workforce development of an organization.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Analysis of Historical Trends in Personality Assessment Solution Market
From 2019 to 2023, the global personality assessment solution industry experienced a CAGR of 11.2%, reaching US$ 8,751.4 million in 2023. From 2019 to 2023, the market witnessed significant growth spurred by the widespread adoption of psychometrics in recruitment, talent management, and personal development processes. The integration of AI and data analytics with personality analytics tools has provided more accurate insights and actionable recommendations for employers and individuals.
Looking ahead, the industry is anticipated to register a CAGR of 12.5% from 2024 to 2034. During the forecast period, the industry size is set to reach US$ 57,269.5 million. Increasing use of AI and machine learning is set to make personality analytic solutions accurate and efficient. This trend coincides with the growing demand for personalized experience in areas such as recruitment, talent management, and personal development.
The industry is poised to rise due to growing awareness among organizations on the impact of personality traits, employee performance, team dynamics, and organizational culture. This growth is set to fuel personality assessment solution industry growth and innovation through the forecast period.
Find your sweet spots for generating winning opportunities in this market.
Opportunities in the Industry
Growth in emerging markets and partnerships with HR & technology start-ups to deliver a complete talent management solution are set to create ample opportunities for key companies. Collaboration with universities and educational institutions to obtain career guidance and skills assessment tools is further projected to fuel growth. Addressing diverse and inclusion policies through unbiased assessment processes and reporting tools offers opportunities for companies to lead the sector.
Latest Trends in the Industry
The industry is embracing a trend of integrating gamification elements to enhance user engagement and evaluate effectiveness while customizing assessment modules for specific job functions. The market is set to be boosted by increasing research capabilities to include emotional intelligence and soft skills, providing real-time feedback, and offering actionable insights.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Comparative View of Adjacent Markets
The content intelligence industry and the cognitive assessment and training industry have been studied under comparative analysis. The data depict the projected growth of the personality assessment solution industry from 2024 to 2034 with regard to other markets. It showcases the potential for revenue in the additional industries shown below.
Gamification and interactive features are being used in personality assessment solutions to boost user engagement, motivation, and completion rates, resulting in more reliable results.
Key Trends
Leading companies are utilizing personality assessments to provide personalized insights tailored to their specific goals, enabling effective talent management.
Content Intelligence Industry:
Attributes
Content Intelligence Industry
CAGR (2024 to 2034)
25.5%
Growth Factor
Content intelligence platforms enable seamless content distribution across channels, ensuring consistent messaging across all touchpoints through integrated workflow management.
Key Trends
Key companies are developing new content intelligence solutions to meet the high demand for personalized content recommendations and hyper-targeted messaging based on user behavior, preferences, and demographics.
Cognitive Assessment and Training Market:
Attributes
Cognitive Assessment and Training Market
CAGR (2024 to 2034)
17.8%
Growth Factor
Demand for cognitive screening software solutions is estimated to rise with their ability to offer standardized tasks to evaluate users’ cognitive abilities.
Key Trends
Key companies are developing new software solutions for academic institutions and offices to enable large-scale assessment of candidates.
Country-wise Insights
The personality assessment solution market can be observed in the subsequent tables, which focus on the leading countries. In North America, the United States is anticipated to witness a CAGR of 7.2% from 2024 to 2034. In Europe and Asia Pacific, the United Kingdom and China are anticipated to showcase CAGRs of 5.1% and 8.6%, respectively. A comprehensive evaluation demonstrates that China has enormous opportunities in the sector.
Countries
Value-based CAGR (2024 to 2034)
United States
7.2%
United Kingdom
5.1%
Germany
6.3%
China
8.6%
Innovation and Technological Developments to Uplift the United States
The personality assessment solution market in the United States is set to hold a share of 41.36% in 2024. The industry is further projected to surge at a CAGR of 7.2%.
The United States dominates the personality assessment solution industry, leveraging its technology adoption and innovation in IT, healthcare, and education sectors. The country’s desire for state-of-the-art technology and a stable business environment further strengthens its position as a key innovator & shaper of the global landscape for personality analytics solutions.
High Demand for Sophisticated Assessment Solutions to Push the United Kingdom
The United Kingdom is projected to account for an industry share of 19.22% in 2024. It is set to rise at a CAGR of 5.1% during the forecast period. Enhanced productivity and talent management are the key factors for growth of the identity assessment solution market in the United Kingdom.
Innovative personality assessment tools are essential for companies to streamline recruitment, retain talent, and improve productivity. They provide data-driven insights, align employees, and enhance operational efficiency. Personal assessment solutions improve hiring decisions and talent management practices of several organizations in the United Kingdom, fueling the industry.
Germany’s Economic Stability and Regulatory Framework to Propel Sales
The personality assessment solution industry in Germany is estimated to surge at a CAGR of 6.3% by 2034. The country has a strong economy and robustness in sectors such as automotive, appliances, and technology that provide fertile ground for the adoption of HR technologies such as personality assessment solutions.
The focus on workplace innovation and digital transformation is fueling organizations to look for sophisticated tools for talent acquisition and development. The strict hiring and employee rights regulations encourage firms in Germany to invest in reliable and customized assessment solutions. A combination of the country’s economic stability, technological progress, and regulatory framework makes it a promising market for personality assessment solutions.
Rising Adoption of AI-powered HR Tools and Talent Strategies Fuel China
China experienced tremendous growth in the personality assessment solution industry due to an increased demand for talent assessment and tools. As companies in the country are surging globally and facing stiff competition, the need to identify, nurture, and retain top talent has become paramount.
Digital technologies are transforming recruitment and promotion strategies, enabling companies to adopt data-based, data-driven approaches, thereby transforming their human capital strategies. The government’s focus on innovation and technological development further supports growth of this market by creating an ecosystem for the adoption of comprehensive HR solutions. China is set to rise at a CAGR of 8.6% by 2034.
Category-wise Insights
The segmented personality assessment solution market analysis is included in the following subsection. Based on comprehensive studies, the Clifton strengths assessment tool segment is leading the assessment tool category. The in-house segment takes precedence in the sourcing category.
Clifton Strengths Assessment Tool Take Up the Leading Position
Assessment Tool
Value CAGR (2024 to 2034)
Hogan Assessment Tool
9.2%
Clifton Strengths Assessment Tool
10.8%
16PF Questionnaire Tool
8.4%
The Clifton strengths assessment tool has emerged as a leader in the personality assessment solution market, showing impressive growth. Its popularity stems from its unique emphasis on competency-based development, a concept that strongly resonates with organizations and individuals.
Unlike traditional assessment tools that typically focus on identifying weaknesses or areas for improvement, Clifton's strengths highlight individual strengths and influence them for personal and professional development.
The approach has received a great deal of attention and acclaim, allowing it to continue to evolve and solidify its position as the leading assessment tool in personality analytics solutions. By 2034, the Clifton strengths assessment tool segment is estimated to surge at a CAGR of 9.2%.
In-house Segment to Dominate the Sourcing Category by 2034
Sourcing
Value CAGR (2024 to 2034)
In-house
11.4%
Outsourced
8.7%
In-house sourcing in the personality assessment solution market is growing as organizations highly value tailored and customized solutions that are more aligned with their specific needs and corporate culture. In-house sourcing enables companies to conduct analytics tailored to their particular needs, resulting in more accurate and relevant results. Data privacy and security concerns have become very important in key areas such as personality assessment.
In-house sourcing offers structure, compliance, trust, flexibility, business development, industry trends, continuous improvement, and competitive advantage through personality assessment solutions. Due to these reasons, in-house sourcing is projected to dominate the market with a CAGR of 11.4% in the forecasted period.
Enterprises/Businesses Emerge as Game Changers in the Industry
End-user
Value CAGR (2024 to 2034)
Enterprises/Businesses
10.6%
Academic Institutions
8.6%
Government Organization
6.6%
Enterprises tend to have a more structured approach to talent management, including recruitment, training, and career development. Personality assessment solutions play an important role in helping enterprises identify the right candidate.
Large-scale enterprises need a robust and scalable solution that can handle assessments for a large number of employees across departments and functions, creating demand for personality assessment solutions. Due to these reasons, the enterprise segment is set to dominate the industry with a CAGR of 10.6% in the forecast period.
Competitive Landscape
Key companies are focusing on investing in strategic partnerships and collaborations to broaden their reach and offer comprehensive solutions. Moreover, they emphasize customer support and training to ensure smooth adoption and consumer satisfaction.
Key Developments
In April 2024, Thomas International, headquartered in Europe, integrated its top-tier personality assessment into its talent assessment platform, enhancing its technology's role in strengthening pre-hire processes.
In September 2021, Mercer Mettl, a talent assessment company headquartered in India, launched a virtual platform to facilitate campus placements and streamline the campus recruitment process.
In March 2021, Criteria, a United States-based company, acquired Australia-based Alcami Interactive, one of the most on-demand video interviewing platforms.
Key Strategies Adopted by Key Players
Compliance and Security
Leading companies are prioritizing compliance with data protection and privacy. This provides robust security measures, encryption protocols, and secure data storage options to build trust and confidence among customers with sensitive employee information.
Customer Support and Training
Companies emphasize the need for comprehensive customer support, training programs, and resources to enhance the effectiveness and adoption of identity assessment solutions within client organizations.
Strategic Partnership and Collaboration
Collaboration with industry partners, consultants, and HR experts to enhance product offerings, refine industry share, and stay on top of emerging trends & best practices in talent assessment and development.
HR System Integration
Vendors are integrating personality assessment solutions with existing HR systems such as applicant tracking systems (ATS), learning management systems (LMS), and performance management systems. The seamless integration optimizes user experience, data consistency, and talent management infrastructure.
Key Players
Hogan Assessment Systems
Hire Mee
SHL
Mettl
Thomas International Ltd
Criteria Corp
Harver
HireVue
DISC
iMocha
Codility
Aspiring Minds
High Match
eSkill
Segmentation Analysis
By Assessment Tool:
The market is classified into Hogan assessment tool, MBTI assessment tool, DiSC assessment tool, Clifton strengths assessment tool, and 16PF questionnaire tool.
By Sourcing:
The report consists of key sourcing such as in-house and outsourced.
By End-user:
Key end-users present in the industry include enterprises/businesses, academic institutions, government organization, military & defense, and others.
By Region:
Analysis of the market has been carried out in key countries of North America, Latin America, East Asia, South Asia and Pacific, Western Europe, Eastern Europe, and the Middle East and Africa.
Frequently Asked Questions
How big is the personality assessment solution market?
The industry is set to reach US$ 10,323.7 million in 2024.
What is the forecast for the industry?
Demand is slated to rise at a 12.5% CAGR by 2034.
What is the personality assessment solution market outlook?
The industry is set to reach US$ 57,269.5 million in 2034.
Who are the key players in the industry?
Hogan Assessment Systems, Hire Mee, SHL, Mettl, and Criteria Corp.
Which end-user would lead the industry?
Enterprises segment is estimated to hold a significant share in 2024.
Table of Content
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Type of Pricing Model Analysis
5. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Assessment Tool
6.1. Hogan Assessment Tool
6.2. MBTI Assessment Tool
6.3. DiSC Assessment Tool
6.4. Clifton Strengths Assessment Tool
6.5. 16PF Questionnaire Tool
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sourcing
7.1. In-house
7.2. Outsourced
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End User
8.1. Enterprises/Businesses
8.2. Academic Institutions
8.3. Government Organization
8.4. Military & Defense
8.5. Others
9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
9.1. North America
9.2. Latin America
9.3. East Asia
9.4. South Asia and Pacific
9.5. Western Europe
9.6. Eastern Europe
9.7. Middle East and Africa
10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
12. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
13. South Asia and Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
16. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
17. Sales Forecast 2024 to 2034 by Assessment Tool, Sourcing, End User for 30 Countries
18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
19. Company Profile
19.1. Hogan Assessment System
19.2. Hire Mee
19.3. SHL
19.4. Mettl
19.5. Thomas International ltd
19.6. Criteria Corp
19.7. Harver
19.8. HireVue
19.9. DISC
19.10. iMocha
19.11. Codility
19.12. Aspiring Minds
19.13. High Match
19.14. eSkill
