Cognitive Assessment And Training Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2028
Cognitive Assessment and Training Market s
estimated at US$ 1.4 Bn in 2022 and is projected to rise significantly at a
CAGR of 17.4% to reach US$ 3.7 Bn by 2028.
Future Market Insights (FMI) has recently published a report
titled “Cognitive Assessment and Training Market – Global Industry Analysis
2013-2021 and Opportunity Assessment 2022-2028.” Cognitive assessment and
training is the mental process of acquiring knowledge and understanding through
experience and sense.
Furthermore, these cognitive assessment tools are used to
identify individuals who are likely to need additional evaluation. At present,
these tests are widely used by organisations as a part of the recruitment
process to assess a candidate’s competence & suitability for the role, as
well as to predict his/her future performance.
Cognitive Assessment and Training
Market: Overview & Analysis
Owing to these factors, the software sub-segment is also
expected to exhibit a 70.2% market share at the end of 2018. In addition, the
services segment is also projected to create potential growth opportunities for
the vendors of cognitive assessment and training solutions during the forecast
period.
Based on type, the global cognitive assessment and training
market is segmented into Personal Computer (PC) and mobile & tablet. The
mobile & tablet sub-segment is projected to register double-digit growth
during the forecast period. This sub-segment registered a 61.8% market share in
2017.
Growth in the income of the middle class population has led to
an increase in the purchase of premium smartphones. Hence, the mobile &
tablet sub-segment is estimated to generate potential opportunities for the
cognitive assessment and training vendors in most of the developed and
developing countries. In recent years, it has been observed that the domestic
manufacturing of smartphones has registered double-digit growth in India and
China. These factors are also creating the demand for mobile and tablet-based
cognitive assessment and training solutions in India and China.
Global and regional healthcare companies are increasingly
adopting advanced technologies to sustain in this highly competitive
environment. The global healthcare industry is undergoing technological
advancements. Due to these factors, the healthcare industry is projected to
have a market share of more than 60% in the cognitive assessment and training
market at the end of 2018.
On the basis of geography, North America is expected to dominate
the global cognitive assessment and training market due to the advent of
next-generation technological advancements in the U.S. and Canada. The
cognitive assessment and training market has high potential in China owing to
major technological advancements in the country. China is now the most
connected country in the world.
According to FMI analysis, long-term contracts with business
partners help to increase revenue and new innovation strategies will enable
cognitive assessment and training vendors to reach new growth markets. Some of
the market participants featured in the global cognitive assessment and
training market are IBM Corporation, Cambridge Cognition Limited, NeuroCog
Trials, ERT Clinical, Brain Resource Company, WIRB-Copernicus Group, CogniFit,
CRF Health, Cogstate Limited and Pearson Education.
Click For More Info: https://www.futuremarketinsights.com/reports/cognitive-assessment-and-training-market
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