What is Video Interviewing Software Market?
Video interviewing software helps to speed up and simplify recruiting by eliminating the need for multiple in-person interviews. The tools assist HR personnel, hiring managers, and recruiters in identifying the best candidates for open positions. There are two main types of video interviewing tools that are pre-recorded and live video interviews. Pre-recorded interviewing tools allows applicants to complete interviews from anywhere, at any time, by responding to a list of pre-determined questions. Whereas, the live video interviews provide a platform in which interviews are conducted online and in real time with candidates anywhere in the world.
Highlights from Video Interviewing Software Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | EasyHire (United States), Montage (United States), mroads (United States), Talview (India), FaceCruit (Australia), Spark Hire (United States), HireVue (United States), Shine (Australia), Yello (United States), RecRight (Finland), HackerRank (United States), BreezyHR (United States), ClearCompany (United States) and RIVS (United States) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Video Interviewing Software market throughout the forecasted period.
EasyHire (United States), Montage (United States), mroads (United States), Talview (India), FaceCruit (Australia), Spark Hire (United States), HireVue (United States), Shine (Australia), Yello (United States), RecRight (Finland), HackerRank (United States), BreezyHR (United States), ClearCompany (United States) and RIVS (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Jobvite (United States), VidCruiter (Canada) and Interactly (Australia). Video Interviewing Software Market Segmentation:
Scope | Sub-Segments |
---|
Type | Live video interview and Prerecorded interview |
Pricing | Monthly,Annually,One-time license |
Deployment | Cloud,On premise |
Features | Feedback management,Interview management,Interview practice session,Question library,Self-service portal,Others |
On the basis of geography, the market of Video Interviewing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Focus on Data and Communication Security Features and Cloud Based Tools and Solutions
Market Growth Drivers:
Benefits of Video Interviewing Software Such as Screening of Large Number of Candidates Quickly, Time Saving and Others, Government Restrictions Due to COVID 19 Has Led to Increase in Video Interviewing Software and Growing Focus on Automation in Recruitment by Large Enterprises
Challenges:
Issues Related to Internet Connection May Hamper the Market and Integration with Applicant Tracking System (ATS)
Restraints:
Availability of Video Chatting Software Such as Skype, Google, and Others
Opportunities:
Increasing Number of Candidates is Boosting the Market and Launch of User-Friendly Video Software Recruitment Solution
Key Target Audience
Video Interview Software service Providers, Video Interview Software Distributors/Traders/Wholesalers, Video Interview Software Sub component Manufacturers, Government associations, Research organisations, Software vendors and Others
Market Leaders & Development Strategies
May 2018, Hireveu, the United States Video interview software providers acquired United Kingdom based Mind X to bolster its business presence at global platform.