Market Highlights
Cognitive assessment and training modules are gaining precedence across industries for a better analysis of an individual. The demand is on the rise as several sectors are taking this as a necessary step to measure the intellectual capacity of people, they are interested in. The global cognitive assessment and training market is expecting a hike by 25% during the forecast period (2017-2023). Market Research Future (MRFR) published a report recently saying the growth of the cognitive assessment and training market would get boost from several industries but mostly from the growing demands for cognitive training.
The development of the technological component is estimated to spur the global cognitive assessment & training market share in the forthcoming period. The upsurge in the number of startups in the cognitive assessment & training market in the impending period is estimated to benefit the long term growth. The increased focus on proper selection and assessment of candidates is anticipated to nudge the market in an upward trajectory in the forecast period. The developing need for refining the neuroplasticity of the brain is projected to intensively guide the expansion of the cognitive assessment & training market in the forthcoming period.
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Segmentation:
MRFR’s report has a segmental analysis of the global Cognitive Assessment and Training Market Size , where analysts have segmented it by vertical, application, assessment type and components. This analysis allows an overview and scope for better future market prediction.
Based on the vertical, the cognitive assessment and training market can be segmented into defense, healthcare, corporate, education, sport, and pharmaceuticals. The education sector is having substantial lead.
Based on the application, the cognitive assessment and training market includes clinical trial, brain training, corporate learning, classroom learning, and research. The brain training segment is gaining substantial market advantage.
Based on the assessment type, the cognitive assessment and training market comprises hosted assessment, biometric assessment, and pen & paper-based assessment. The biometric assessment segment is having a well-launched impact on the market.
Based on the component, the global cognitive assessment and training market includes solution and services. The solution segment has sub-segments like data analysis & reporting, data management, project management, assessment, and others.
Detailed Regional Analysis
The regional investigation of the cognitive assessment & training market includes regions such as North America, Asia Pacific, Europe, and other global regions. It has been detected in the analysis that the North American region is projected to be credited for the principal portion of the market, whereas the European region is estimated to develop at the swiftest rate during the course of the forecast period. The key progress in the cognitive assessment & training market in the North American region is accredited to the technological improvements and enhancing the implementation of cognitive assessment & training applications through numerous industry verticals in the region.
Competitive Analysis
The enhancement in manufacturing potential is projected to create an improved product offering in the global market. The buying patterns in the market are expected to promote the development of the market in the upcoming period. the development of assets is estimated to create a positive scope for the development of the market in the coming period. The focus on expansion by the market contenders is expected to create a favorable momentum in the global market in the forecast period. The inclusion of sustainability in business plans is expected to create optimistic opportunities for development in the upcoming period. The emphasis on innovation is expected to help the market establish relevancy in line with estimated customer preferences. The positive reinforcement by government policies is expected to open up new avenues for progress in the coming period. The access to the notable target markets is estimated to allow the market contenders to gain the impetus necessary for success in the forecast period.
The remarkable players in the cognitive assessment & training market are Cogstate Ltd. (U.S.), Bracket Global (U.S.), Cambridge Cognition Ltd. (U.K), Quest Diagnostics, Inc. (U.S.), Neurocog Trials, Inc. (U.S.), ProPhase, LLC (U.S.), Cognifit (U.S.), Medavante, Inc. (U.S.), Eresearchtechnology Inc. (U.S.), and Pearson Education (U.K).
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Cognitive Assessment & Training Market, By Component (Solution, Services), By Assessment Type (Classroom Learning, Corporate Learning, Brain Training, Clinical Trials, Research), By Application (Corporate, Healthcare), By Vertical – Forecast till 2023
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