Cognitive Assessment and Training Market worth 7.5 Billion USD by 2020

According to new marketresearchreport “Cognitive Assessment and Training Market by Assessment Type (Pen & Paper Based, Hosted, Biometrics), Service, Application (Clinical Trials, Classroom Learning, Brain Training, Corporate Learning, Academic Research), Vertical and Region - Global Forecast to 2020”, published by MarketsandMarkets, defines and segments the global cognitive assessment and training market on the basis of assessment type, service, application, vertical, and region along with providing an in-depth analysis and market size estimations.

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Cognitive assessment is the assessment of one’s information processing and psychological functions. It is defined as a solution that is able to monitor, assess, train, or enhance cognitive functions. These solutions are applied for several uses such as in dementia screening, clinical trials, academic research, corporate and classroom learning, self-assessment, and brain training. Furthermore, professionals across verticals such as education, sports, healthcare, defense, and many others also use cognitive assessment and training solutions.

The major forces driving the cognitive assessment and training market are the growth in aging population and rise in brain fitness awareness among individuals and professionals. With rapid advancements in technology, the adoption of cognitive assessment and training solutions is expected to increase during the forecast period. The market is expected to find huge growth opportunities in the next five years because of the growing need to monitor, assess, train, or enhance cognitive functions of individuals for multiple use cases.

MarketsandMarkets has segmented the cognitive assessment and training market by assessment type: pen and paper-based assessment, hosted assessment (web- and mobile-based), and biometrics assessment; by service: consulting services and training & support services; by application: clinical trials, classroom learning, brain training, corporate learning, academic research, and others; by vertical: healthcare, education, corporate, sports, defense, and others; and by region: North America, Europe, Asia-Pacific, Middle East and Africa , and Latin America.

The major vendors in the cognitive assessment and training market are Pearson Assessments, Cognifit, Bracket Global, Cogstate, Brain Resource, Cambridge Cognition Ltd., and others. A detailed analysis of the key industry players has been done to provide insights into their products and services, strategies, and recent developments associated with the cognitive assessment and training market.

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MarketsandMarkets forecasts that the global cognitive assessment and training market to grow from USD 2.4 Billion in 2015 to USD 7.5 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 25.6% from 2015 to 2020. In the current scenario, the healthcare vertical continues to hold the largest share in the cognitive assessment and training market. North America is expected to have the largest market size, while Asia-Pacific is expected to grow at the highest rate during the forecast period.

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