What is Video Interview Software?
Video interview software is a tool that helps conduct virtual interviews thus eliminating need for traditional time consuming hiring process. Amid growing digitalization, enterprises such as Accenture, Google, Microsoft, BASF, Apple, Twitter, Facebook and others are conducting interviews over software and trend seems to be adopted by other enterprises as well. Recently, it has been observed that over 60% of recruiting firms are depending on applicants tracking system (ATS) for their hiring needs which is expected to propel the very market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | EasyHire [United States], Montage [United States], mroads [United States], Talview [India], FaceCruit [Australia], Recrumatic [Cyprus], Hiya [United States], Kira Talent [Canada], RecRight [Finland] and GreenJobInterview [United States] |
The study covers a detailed analysis segmented by key business segments i.e. by type (One-way Video Interview and Two-way Video Interview) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Video Interview Software market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Video Interview Software market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are EasyHire [United States], Montage [United States], mroads [United States], Talview [India], FaceCruit [Australia], Recrumatic [Cyprus], Hiya [United States], Kira Talent [Canada], RecRight [Finland] and GreenJobInterview [United States].
Market Overview:
May 2018 -: Hireveu, the United States Video interview software providers acquired United Kingdom based Mind X to bolster its business presence at global platform.
Influencing Trend:
Rising Demand for Mobile Support Based Video Interviewing Software Solution and Growing Use of Pay Per Interview/Job Model Software
Market Growth Drivers:
Benefits Offered by Video Interviewing Such as Reduced Hiring Time and Cost and Growing Focus on Automation in Recruitment by Large Enterprises
Challenges:
Integration with Applicant Tracking System (ATS), Issue Related with Internet Connection and Video Quality and Response Time Limitation
Restraints:
Reluctance Among Small and Medium Enterprises Leads to Low Adoption and Lack of IT Savviness and Training Programs in Various Enterprises
Opportunities:
Ever Growing Race to Get Better Employer Branding Among Enterprises and Launching of User Friendly Video Software Recruitment Solution
Key highlights of the Global Video Interview Software market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Video Interview Software market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Video Interview Software market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Video Interview Software Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Video Interview Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Video Interview Software market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Key Stakeholders, Video Interview Software service Providers, Video Interview Software Distributors/Traders/Wholesalers, Video Interview Software Subcomponent Manufacturers, Industry Associations, Downstream Vendors, Potential Investors and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.