Cognitive Assessment and Training Market Set for Rapid Growth by 2028

The market for cognitive assessment and training is anticipated to reach US$ 1.4 billion in 2022 and US$ 3.7 billion by 2028, growing rapidly at a CAGR of 17.4%.

These cognitive screening methods are also used to pinpoint those who might benefit from further testing. Currently, organisations employ these tests frequently as a part of the hiring process to evaluate a candidate's aptitude and appropriateness for the position as well as to forecast his or her future performance.

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Cognitive Assessment and Training Market: Overview Analysis

These reasons also contribute to the expectation that the software sub-segment will have a 70.2% market share by the end of 2018. Moreover, during the projection period, the services segment is also anticipated to generate prospective growth possibilities for the providers of cognitive evaluation and training solutions.

The global market for cognitive assessment and training is divided into two types based on type: personal computers (PC) and mobile tablet. During the forecast period, the mobile tablet sub-segment is expected to increase by double digits. In 2017, this subsegment had a 61.8% market share.

The middle class population's rising income has increased the demand for high-end cellphones. Therefore, it is predicted that the mobile tablet sub-segment would create prospective prospects for the suppliers of cognitive evaluation and training in the majority of 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.

Key Segments of Cognitive Assessment and Training Industry Research

Cognitive Assessment and Training Market by Component: