Report : Europe Video Interviewing Software Market Forecast to 2030 - Regional Analysis - by Type (Web-Based and Mobile Apps), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Industry (BFSI, IT and Telecom, Healthcare, Manufacturing, and Others)
At 17.6% CAGR, Europe Video Interviewing Software Market is Speculated to be worth US$ 238.99 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe video interviewing software market was valued at US$ 65.54 million in 2022 and is expected to reach US$ 238.99 million by 2030, registering a CAGR of 17.6% from 2022 to 2030. Use of social analytics for data screening is among the critical factor attributed to the Europe video interviewing software market expansion.
The introduction of social networks and other digital profiles has exposed a much greater pool of candidates to recruiters. The time required to evaluate such a vast number of candidates compels organizations to adopt high-quality analytics systems for making better business choices.
Traditionally, enterprises use virtual private networks (VPN) to interact among teams or clients. With the evolution of video interviewing software tools, many of them are switching to advanced solutions. For example, Interviewer.AI is video recruiting software that uses interpretable AI to screen and select candidates, bringing out the best talent for vacant job profiles. Smart online video interviewing software cuts unnecessary pre-interview time, giving employers more time to focus on what is pivotal to their businesses. This software is powered by modern AI recruitment technology, which assists in analyzing the key attributes and achievements of potential candidates, including psychological and technical aspects. Thus, implementation of social analytics tools and elevating adoption of video interviewing software is expected to create significant opportunities for companies in the video interviewing software market.
On the contrary, issues with internet connectivity and potential frauds hurdles the growth of Europe video interviewing software market.
Based on type, the Europe video interviewing software market is bifurcated into web-based and mobile apps. The web-based segment held 79.4% share of Europe video interviewing software market in 2022, amassing US$ 52.02 million. It is projected to garner US$ 181.27 million by 2030 to expand at 16.9% CAGR during 2022-2030.
In terms of enterprise size, the Europe video interviewing software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held 66.9% share of Europe video interviewing software market in 2022, amassing US$ 43.88 million. It is projected to garner US$ 152.06 million by 2030 to expand at 16.8% CAGR during 2022-2030.
By industry, the Europe video interviewing software market is categorized into BFSI, IT and telecom, healthcare, manufacturing, and others. The IT and telecom segment held 38.5% share of Europe video interviewing software market in 2022, amassing US$ 25.20 million. It is projected to garner US$ 100.65 million by 2030 to expand at 18.9% CAGR during 2022-2030.
Based on country, the Europe video interviewing software market has been categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.2% share of Europe video interviewing software market in 2022. It was assessed at US$ 19.81 million in 2022 and is likely to hit US$ 65.05 million by 2030, exhibiting a CAGR of 16.0% during 2022-2030.
Key players operating in the Europe video interviewing software market are Odro Ltd., Willo Technologies Ltd., Tribepad, Interviewme Ltd, and Shine Interview Limited, among others.
- In July 2023, Shine formed a partnership with iCIMS.
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