Video Interviewing Software Market Trends, Industry | 2031

Segments - Video Interviewing Software Market by Type (Mobile Apps, Cloud-based, and Web-based), Application (Large Enterprises and Small & Medium Enterprises), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global video interviewing software market size was valued at nearly USD XX Bn in 2022 and is anticipated to reach USD XX Bn by 2031, expanding at a CAGR of XX.X% during 2023 – 2031. The growth of the market is attributed to the reduction in costs of recruitment processes and interview scheduling flexibilities.

Video interviewing software aid interviewers in conducting virtual interviews of candidates than meeting them in person. Using such software, employers provide candidates with instructions to be followed during the online interview process. Candidates are provided with prerecorded question sets. Time constraints bind candidates in answering each question of the recorded questionnaires in certain period of time.

Video Interviewing Software Market Outlook

Video interview software is gaining popularity among firms wanting to switch over to technology for their hiring processes. A large number of prospective candidates are easily screened by opting for video interviewing software. Advancements in internet technologies through the advent of 5G and broadband services have increased the adoption of video interviewing software across the globe.

Video interviewing software facilitates the secure sharing of interviews with any internal team member and collect feedback from stakeholders. Multi-device usage of the software is a major advantage for recruiters, anywhere in the world and with varying data speeds. Personalized interview time slots can be scheduled by candidates for appearing virtually.

Comma-separated values (CSV) file uploads, interview invitations through individual invites, or sharing of links on job portals is possible through the use of video interviewing software. Automated email or SMS reminders can be set by recruiters. Customization of the interview process in local and global languages is an added advantage of the software.

Digital verification of candidates and enabling file uploads for candidate portfolio submissions are possible through video interviewing software. Integrating multiple data-sharing platforms is provided as an option to recruiters. Video interviewing software is designed to handle several candidates at once and range from a few 10 to 12 in number up to high thousands in number.

The market report finds that the COVID-19 pandemic propelled the video interviewing software market with virtual interviews conducted by employing firms for hiring processes. Reduced manpower during the pandemic was substituted with remote hiring by employers, which boosted the video interviewing software market. The storage of new employee data and history in digital form through virtual interviews led to a surge in the adoption of video interviewing software.

Video Interviewing Software Market Dynamics

Drivers:

Growing use of big data analytics in analyzing and storing candidate information is expected to spur the video interviewing software market in the coming years. Large capital investments by employing firms in speeding the recruitment processes are expected to boost the market during the forecast period.

Restraints:

High initial investments in embedding technology in traditional management processes are likely to hamper the market. Time required in overhauling the existing recruitment process outsourcing systems is expected to restrain the market in the coming years.

Opportunities:

Rising use of technology by companies in recruitment processes to hire talent from distant locations is providing lucrative opportunities for the market expansion. Digital hiring is a new trend in the recruitment sector with the rising work-from-home and remote working opportunities provided by employers.

Video Interviewing Software Market Dynamics

Scope of the Video Interviewing Software Market Report

The report on the global video interviewing software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Video Interviewing Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016 – 2021
Forecast Period	2023–2031
Segmentation	Type (Mobile Apps, Cloud-based, and Web-based) and Application (Large Enterprises and Small & Medium Enterprises)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Breezy HR; ClearCompany; ClearCompany HRM; Employ Inc.; eSkill; HireVue; Jobma; Jobvite; Modern Hire; Montage International; OutMatch; Page Up; RecRight; RIVS; Shine; SHL; Skeeled; Spark Hire; VidCruiter; Wepow; Yello; and Zoho Recruit

Video Interviewing Software Market Segment Insights

On the basis of the type, the video interviewing software management market is segmented into mobile apps, cloud-based, and web-based. The cloud-based segment is expected to dominate the market during the forecast period, due to the use of artificial intelligence (AI) and chatbot in the recruitment process. The use of cloud-based services in the form of video interviewing software aid in improving flexibility and reliability of the interviewing process through a secured connection process with candidates, which is expected to propel the segment.

The mobile apps segment is estimated to hold a large share of the market in the coming years, due to enhanced security of data provided by mobile-based video interviewing apps. Mobile apps can be accessed instantly from any location, which enhanced flexibility. Completely browser-based operation without downloads or app installations and ease of access are likely to boost the segment.

Based on application, the market is divided into large enterprises and small & medium enterprises. The large enterprise segment is anticipated to dominate the market in the coming years, due to the flexibility provided by software solutions in the recruitment processes, flexibility in recruiting, and scalability.

The small & medium enterprises segment is expected to expand at a significant pace during the forecast period, due to the necessity of streamlining workflow with less manpower for recruitment drives. Secured recruitment processes through virtual verification of candidates is expected to boost the segment in the forecast period.

Video Interviewing Software Market Application

In terms of region, the global video interviewing software management market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the forecast period, owing to the rapid urbanization & incorporation of technology, growing disposable income, and implementation of technology-based solutions in the industrial domains.

The market of Asia Pacific is projected to grow at a rapid pace in the coming years, owing to the growing preferences for enhancements in mobile-apps-based and web-based job postings that are likely to propel the market in Asia Pacific.

Video Interviewing Software Market Regions

Segments

The global video interviewing software management market has been segmented on the basis of

Type

Mobile Apps
Cloud-based
Web-based

Application

Clinics
Ambulatory Care Centers
Hospitals
Others

Region

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Breezy HR
ClearCompany
ClearCompany HRM
Employ Inc.
eSkill
HireVue
Jobma
Jobvite
Modern Hire
Montage International
OutMatch
Page Up
RecRight
RIVS
Shine
SHL
Skeeled
Spark Hire
VidCruiter
Wepow
Yello
Zoho Recruit

Competitive Landscape

Key players competing in the video interviewing software market are Breezy HR; ClearCompany; ClearCompany HRM; Employ Inc.; eSkill; HireVue; Jobma; Jobvite; Modern Hire; Montage International; OutMatch; Page Up; RecRight; RIVS; Shine; SHL; Skeeled; Spark Hire; VidCruiter; Wepow; Yello; and Zoho Recruit.

These companies deploy development strategies that include live event hosting, identifying buyer personas, investments in paid ads, search engine optimization, and the usage of automation tools for expanding their consumer base worldwide.

In December 2021, Page Up and Modern Hire entered into a strategic alliance for improving customer experiences and providing access to Page Up customers.
In October 2020, HireVue acquired a chatbot business AllyO for providing information regarding hiring processes and jobs for conducting initial interviews. The platform is widely used by recruiters that get several job applications. This allows job applicants to submit on-demand video interviews. This acquisition was aimed at strengthening HireVue’s brand image and software offerings.
In 2020, Spark Hire and TeamWork Online merged to streamline the recruitment process and enhance talent acquisition. Incorporating video interviewing into recruitment drives was the main goal of the strategic alliance.

Video Interviewing Software Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Video Interviewing Software Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Video Interviewing Software Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Video Interviewing Software Market - Supply Chain
  4.5. Global Video Interviewing Software Market Forecast
     4.5.1. Video Interviewing Software Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Video Interviewing Software Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Video Interviewing Software Market Absolute $ Opportunity
5. Global Video Interviewing Software Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Video Interviewing Software Market Size and Volume Forecast by Types
     5.3.1. Mobile Apps
     5.3.2. Cloud-based
     5.3.3. Web-based
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Video Interviewing Software Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Video Interviewing Software Market Size and Volume Forecast by Applications
     6.3.1. Clinics
     6.3.2. Ambulatory Care Centers
     6.3.3. Hospitals
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Video Interviewing Software Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Video Interviewing Software Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Video Interviewing Software Demand Share Forecast, 2019-2026
8. North America Video Interviewing Software Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Video Interviewing Software Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Video Interviewing Software Market Size and Volume Forecast by Types
     8.4.1. Mobile Apps
     8.4.2. Cloud-based
     8.4.3. Web-based
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Video Interviewing Software Market Size and Volume Forecast by Applications
     8.7.1. Clinics
     8.7.2. Ambulatory Care Centers
     8.7.3. Hospitals
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Video Interviewing Software Demand Share Forecast, 2019-2026
9. Latin America Video Interviewing Software Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Video Interviewing Software Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Video Interviewing Software Market Size and Volume Forecast by Types
     9.4.1. Mobile Apps
     9.4.2. Cloud-based
     9.4.3. Web-based
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Video Interviewing Software Market Size and Volume Forecast by Applications
     9.7.1. Clinics
     9.7.2. Ambulatory Care Centers
     9.7.3. Hospitals
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Video Interviewing Software Demand Share Forecast, 2019-2026
10. Europe Video Interviewing Software Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Video Interviewing Software Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Video Interviewing Software Market Size and Volume Forecast by Types
     10.4.1. Mobile Apps
     10.4.2. Cloud-based
     10.4.3. Web-based
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Video Interviewing Software Market Size and Volume Forecast by Applications
     10.7.1. Clinics
     10.7.2. Ambulatory Care Centers
     10.7.3. Hospitals
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Video Interviewing Software Demand Share Forecast, 2019-2026
11. Asia Pacific Video Interviewing Software Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Video Interviewing Software Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Video Interviewing Software Market Size and Volume Forecast by Types
     11.4.1. Mobile Apps
     11.4.2. Cloud-based
     11.4.3. Web-based
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Video Interviewing Software Market Size and Volume Forecast by Applications
     11.7.1. Clinics
     11.7.2. Ambulatory Care Centers
     11.7.3. Hospitals
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Video Interviewing Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Video Interviewing Software Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Video Interviewing Software Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Video Interviewing Software Market Size and Volume Forecast by Types
     12.4.1. Mobile Apps
     12.4.2. Cloud-based
     12.4.3. Web-based
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Video Interviewing Software Market Size and Volume Forecast by Applications
     12.7.1. Clinics
     12.7.2. Ambulatory Care Centers
     12.7.3. Hospitals
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Video Interviewing Software Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Video Interviewing Software Market: Market Share Analysis
  13.2. Video Interviewing Software Distributors and Customers
  13.3. Video Interviewing Software Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Breezy HR
     13.4.2. ClearCompany
     13.4.3. ClearCompany HRM
     13.4.4. Employ Inc.
     13.4.5. eSkill
     13.4.6. HireVue
     13.4.7. Jobma
     13.4.8. Jobvite
     13.4.9. Modern Hire
     13.4.10. Montage International
     13.4.11. OutMatch
     13.4.12. Page Up
     13.4.13. RecRight
     13.4.14. RIVS
     13.4.15. Shine
     13.4.16. SHL
     13.4.17. Skeeled
     13.4.18. Spark Hire
     13.4.19. VidCruiter
     13.4.20. Wepow
     13.4.21. Yello
     13.4.22. Zoho Recruit