The "Cognitive Assessment and Training Global Market Report 2021: COVID-19 Implications and Growth" report has been added to ResearchAndMarkets.com's offering.
The global cognitive assessment and training market is expected to grow from $3.13 billion in 2020 to $4.26 billion in 2021 at a CAGR of 36.01%. The growth is mainly due to the increasing demand for enhanced brain fitness and adoption of gamification for cognitive assessment. The market is expected to reach $12.14 billion in 2025 at a CAGR of 29.97%.
North America was the largest region in the global cognitive assessment and training market in 2020. Asia-Pacific is expected to grow faster in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Key players focusing on developing mobile applications and software equipped with the latest technologies such as artificial intelligence and the Internet of Things are shaping the cognitive assessment and training market. The companies are focusing on technological innovations and new product launches for better and enhanced results and product offerings to the market.
Increased adoption of e-learning is expected to propel the growth of the cognitive assessment and training market during the forecast period. The delivery of learning and training through digital resources such as computers is known as eLearning. Assessment is an important aspect of the online classroom. A cognitive assessment offers a profile of an individual's academic abilities and challenges, as it provides a managed snapshot of their performance, thus helping to track progress in e-learning. There has been a significant increase in the adoption of e-learning, which in turn has increased the demand for cognitive testing. According to the e-learning statistics 2020 published by EdApp, a company that creates micro-learning-based learning management systems, the global e-learning industry grew by 200% at a value of $250 billion between 2017 and 2020. Moreover, the e-learning market is projected to reach over $300 billion by 2025. Therefore, increased adoption of e-learning drives the growth of the cognitive assessment and training market.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider cognitive assessment and training market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The cognitive assessment and training market section of the report gives context. It compares the cognitive assessment and training market with other segments of the cognitive assessment and training market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, cognitive assessment and training indicators comparison.
Markets Covered:
- By Component: Solutions; Services
- By Organization Size: Small and Medium-sized Enterprises (SMEs); Large Enterprises
- By Vertical: Healthcare and Life Sciences; Education; Corporate; Others
- By Application: Clinical Trials; Learning; Research; Others
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.
Companies Mentioned
- Cambridge Cognition
- Cogstate
- Pearson
- CogniFit
- Lumosity
- Posit Science Corp.
- Bracket Global
- Neurocog Trials Inc.
- Total Brain
- Medavante Inc.
- Signant Health
- ProPhase LLC
- CNS Vital Signs
- LearningRX
- Listen and Learn Centre
- Philips
- MedAvante-ProPhase
- VeraSci
- Oxford Learning
- MeritTrac
- Berke
- Neurotrack
- GL Assessment
- Savonix
- Winterlight Labs
- Aural Analytics
- Unmind
- Altoida Inc.
For more information about this report visit https://www.researchandmarkets.com/r/dhpdg1
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View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005233/en/
