Global Market Research Company US Global Cognitive Assessment & Training Market | Page 13

Industry Brief
CogniFit Ltd Leading Global Cognitive Assessment & Training Market
According to TechSci Research report, “Global Cognitive Assessment & Training Market By Component, By
Assessment Type, By End User, By Region, Competition Forecast & Opportunities, 2012 – 2022”, the global
cognitive assessment & training market is projected to witness a CAGR of 35% till 2022. Increasing adoption
of cognitive assessment & training tools across education sector for assessing and evaluating skills, abilities
and impairments of a student; and healthcare sector for evaluating psychological and behavioral aspects of
the patients; is expected to boost demand for cognitive assessment & training solutions, globally, during the
forecast period. Moreover, growing cases of cognitive impairment, increasing need to improve employee
productivity and rising brain fitness awareness programs are some of the factors anticipated to boost global
cognit ive assessment & training market over next five years.
Pen & paper, online and biometrics are three ways of assessing cognitive skills of an individual. Of these
assessment types, pen & paper based assessment tests accounted for the largest share in global cognitive
assessment & training market in 2016, and this segment is expected to maintain its dominance during
forecast period, owing to its increasing adoption across education, corporate sectors, etc. However, online-
based assessment tests segment is anticipated to emerge as the fastest growing assessment types over
coming years, as they provide more authentic assessment of an individual as well as have multiple
advantages over pen & paper based tests.
“Deployment of gamification for conducting cognitive assessment tests is gaining traction because of its
ability to appeal and fascinate the candidates for maximizing their performance. Instead of answering a set
of questions, the candidates play a series of games, which help them in achieving a better and accurate
picture of their cognitive abilities. Consequently, this technique is expected to give a major boost to the
global cognitive assessment & training market during the next five years”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting firm.
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