Global Cognitive Assessment And Training Market Is Projected To Reach USD 17.4 Billion By 2024

By Goldstein Market Intelligence || 2018-03-08 5:04:18 AM

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Cognitive assessment: An advanced web-based learning to improve brain fitness

According to Goldstein Research, “Worldwide adoption of cognitive assessment & training for evaluating mental abilities, skills and impairments of a person including their psychological and behavioural characteristics are driving the demand for cognitive assessment & training solutions across the globe. Rising number cognitive impairment and growing need for the improvement of productivity in the corporate industry are expected to fuel the growth of cognitive assessment & training market during the forecast period.

Global Cognitive Assessment and Training Market Outlook 2024

Global cognitive assessment and training market is segmented on the basis of components, by assessment type, by application and by the end user. Based on assessment types, the market is further bifurcated into pen & paper, online and biometric assessments. Among these segments, pen & paper based assessments acquired the largest market share in 2016, due to its huge adoption in all industry verticals. However, online assessment market is gaining immense popularity over traditional pen & paper-based method, owing to its easy and authentic assessment results.

Global cognitive assessment and training market is projected to reach USD 17.4 billion by 2024. Europe cognitive assessment and training market is expected to witness remarkable growth during the forecast period owing to the increasing awareness among people related with cognitive dysfunctionality. Europe cognitive assessment and training market is anticipated to grow at a remarkable CAGR of 21.2% during the forecast period.

Game-based cognitive assessments & training: Boosting cognitive abilities

Gamification in cognitive assessment and training programs is becoming an emerging trend among adults. Advance brain training programs as a game are appealing more number of consumers towards cognitive assessment and training solutions to improve their performance and cognitive abilities. The game version of assessments and training fascinates the candidates and helps in achieving more accurate results. Constant changes and experiments in cognitive assessment techniques are primarily creating new scopes for cognitive assessment and training market.

Global Cognitive Assessment and Training Market

The report contains a detailed overview of the global cognitive assessment and training market in terms of market segmentation by components, by assessment type, by application and by the end user. Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

Global cognitive assessment and training market also provides competitive outlook of some of the major players of global cognitive assessment and training market which includes profiling of companies such as Cambridge Cognition Hldgs, Pearson Education, ImPACT Applications, Inc., CogniFit, LearningRx, Listen and Learn Centre, GL Assessment, Brackets, Quest Diagnostics, Cogstate Ltd., NeuroCog Trials, ProPhase, LLC, ERT Clinical, Brain Resource Company, CRF Health, MedAvante, Inc., Savonix Inc., and Akili Labs. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global cognitive assessment and training market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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