Asia Pacific Video Interviewing Software Market Forecast to 2030
Asia Pacific 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)
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Description
Use of Social Analytics for Data Screening and Increasing Demand from Emerging Economies Drive Asia Pacific Video Interviewing Software Market
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. The rate of industrialization is stupendous in APAC countries. Along with large enterprises that are expanding their businesses in the region, SMEs with higher capital investments are increasingly adopting video interviewing software tools. Countries such as China, Japan, South Korea, India, Taiwan, and Singapore-which are home to numerous large enterprises and SMEs-are open to implementing advanced technologies.
Traditionally, enterprises in these countries 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 in APAC countries are expected to create significant opportunities for companies in the video interviewing software market.
Asia Pacific Video Interviewing Software Market Overview
Asia Pacific is home to several SME industries, which capitalize heavily on advanced technologies, and this factor is favoring the video interviewing software market in the region. The continuously growing countries in this region include Japan, China, India, South Korea, Taiwan, Singapore, and Malaysia, among others. The cultures of remote offices, home offices, and coworking spaces are tremendously growing in the region, encouraging individuals to incorporate video interviewing software into their systems. In addition, several organizations are transitioning from large conference rooms to smaller hurdle rooms to utilize maximum office space for employee engagement. This transition facilitates them to employ a large workforce to ensure enhanced productivity. Moreover, the transition is influenced by the emergence and adoption of audiovisual (AV) technologies, enabling employees to interact virtually with individuals in disparate areas from small rooms.
Several countries in Asia Pacific are witnessing growth in corporate, healthcare, and education sectors. The proliferation rate of technologies is noteworthy in the sectors mentioned above, and the demand for video interviewing software continues to rise in every interview space. In addition, the development of the 5G network is accentuating rapidly, which is also foreseen to boost the video interviewing software market.
Asia Pacific Video Interviewing Software Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Video Interviewing Software Market Segmentation
The Asia Pacific video interviewing software market is segmented based on type, enterprise size, industry, and country. Based on type, the Asia Pacific video interviewing software market is bifurcated into web-based and mobile apps. The web-based segment held a larger market share in 2022.
In terms of enterprise size, the Asia Pacific video interviewing software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held a larger market share in 2022.
By industry, the Asia Pacific video interviewing software market is segmented into BFSI, IT and telecom, healthcare, manufacturing, and others. The IT and telecom segment held the largest market share in 2022.
Based on country, the Asia Pacific video interviewing software market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific video interviewing software market share in 2022.
Zappyhire, Vervoe, Spark Hire, VidCruiter Inc., and Talview are some of the leading players operating in the Asia Pacific video interviewing software market.
Summary Info
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According to the Research Team’ research, the Asia Pacific video interviewing software market was valued at US$ 57.03 million in 2022 and is expected to reach US$ 243.88 million by 2030, registering a CAGR of 19.9% from 2022 to 2030. High demand for video interviewing software due to COVID-19 pandemic is among the critical factor attributed to the Asia Pacific video interviewing software market expansion.
With the rapid increase in the COVID-19 cases, schools, states, and businesses worldwide took severe steps to restrict the spread of SARS-CoV-2 in 2020. Lockdowns enacted by governments compelled businesses to speed up the transition into the work-from-home model. Tech companies have been offering their software products at less cost for corporate players, along with striving to ensure that they meet the rising demands for their offerings. Two-way virtual interviews allow candidates and interviewers to go live wherever they are and talk to each other in real time. These interviews are effective in cases wherein physical interviews may not be possible. Many global giants such as Google, LinkedIn, and Amazon canceled on-site job interviews in 2020 and 2021 and interviewed almost all candidates using interviewing software solutions. Talent acquisition teams at Amazon have been completing the necessary paperwork related to the recruitment, along with conducting interviews and evaluations, using Amazon Chime, its meeting software. Google has informed applicants that interviews will take place in Google Hangouts or via the BlueJeans video conferencing platform. LinkedIn has told interested job seekers that they have the option to conduct their interviews virtually through BlueJeans or postpone them until the conditions allow teams to meet in person. Thus, during the COVID-19 pandemic, companies across the world have adopted video interviewing software for the recruitment process, resulting in a high demand for the solution in 2020. Various business and employment-focused social media platforms have launched new services that provide a smooth recruitment process during the COVID-19 pandemic. In April 2020, LinkedIn Corporation added a new video intro and interview assessment tool to improve digital recruitment. LinkedIn Corporation also added an automated interview feedback tool, which enables users to record themselves answering common interview questions. It then provides AI-generated feedback on candidate’s answer delivery-including notes on pacing the candidate’s use of “filler words”. Thus, developments by business and employment-focused social media platforms propelled the adoption of video interview software during the pandemic.
On the contrary, issues with internet connectivity and potential frauds hurdles the growth of Asia Pacific video interviewing software market.
Based on type, the Asia Pacific video interviewing software market is bifurcated into web-based and mobile apps. The web-based segment held 79.4% share of Asia Pacific video interviewing software market in 2022, amassing US$ 45.30 million. It is projected to garner US$ 182.04 million by 2030 to expand at 19.0% CAGR during 2022-2030.
In terms of enterprise size, the Asia Pacific video interviewing software market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment held 69.1% share of Asia Pacific video interviewing software market in 2022, amassing US$ 39.39 million. It is projected to garner US$ 155.89 million by 2030 to expand at 18.8% CAGR during 2022-2030.
By industry, the Asia Pacific video interviewing software market is categorized into BFSI, IT and telecom, healthcare, manufacturing, and others. The IT and telecom segment held 38.4% share of Asia Pacific video interviewing software market in 2022, amassing US$ 21.89 million. It is projected to garner US$ 101.83 million by 2030 to expand at 21.2% CAGR during 2022-2030.
Based on country, the Asia Pacific video interviewing software market has been categorized into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 28.9% share of Asia Pacific video interviewing software market in 2022. It was assessed at US$ 16.46 million in 2022 and is likely to hit US$ 59.14 million by 2030, exhibiting a CAGR of 17.3% during 2022-2030.
Key players operating in the Asia Pacific video interviewing software market are Zappyhire, Vervoe, Spark Hire, VidCruiter Inc., and Talview, among others.
In June 2020, Talview Partnered with Sify to Add Remote Proctoring Capabilities to Their iTest Platform.
In May 2021, Spark Hire Announces Partnership with Australian-Based Scout Talent.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific video interviewing software market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific video interviewing software market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Video Interviewing Software Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Asia Pacific Video Interviewing Software Market – Key Industry Dynamics
5.1 Asia Pacific Video Interviewing Software Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Growing Preference for Video Interviews in Recruitment Process
5.2.2 High Demand for Video Interviewing Software Due to COVID-19 Pandemic
5.2.3 Rising Number of Job Applicants Raising Demand for Time-Efficient Selection Systems
5.3 Market Restraints
5.3.1 Issues with Internet Connectivity and Potential Frauds
5.3.2 Availability of Open-Source Video Interviewing Solutions
5.4 Market Opportunities
5.4.1 Use of Social Analytics for Data Screening and Increasing Demand from Emerging Economies
5.5 Future Trends
5.5.1 Changing Roles of Recruiters
5.5.2 Adoption of Cloud-Based Video Interviewing Solutions
5.6 Impact of Drivers and Restraints:
6. Video Interviewing Software Market – Asia Pacific Market Analysis
6.1 Video Interviewing Software Market Revenue (US$ Million), 2022 – 2030
6.2 Video Interviewing Software Market Forecast and Analysis
7. Asia Pacific Video Interviewing Software Market Analysis – Type
7.1 Web-Based
7.1.1 Overview
7.1.2 Web-Based Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Mobile Apps
7.2.1 Overview
7.2.2 Mobile Apps Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Video Interviewing Software Market Analysis – Enterprise Size
8.1 Small and Medium Enterprises
8.1.1 Overview
8.1.2 Small and Medium Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
8.2 Large Enterprises
8.2.1 Overview
8.2.2 Large Enterprises Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Video Interviewing Software Market Analysis – Industry
9.1 BFSI
9.1.1 Overview
9.1.2 BFSI Market Revenue, and Forecast to 2030 (US$ Million)
9.2 IT and Telecom
9.2.1 Overview
9.2.2 IT and Telecom Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Healthcare
9.3.1 Overview
9.3.2 Healthcare Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Manufacturing
9.4.1 Overview
9.4.2 Manufacturing Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Asia Pacific Video Interviewing Software Market – Country Analysis
10.1 Asia Pacific
10.1.1 Asia Pacific Video Interviewing Software Market Overview
10.1.2 Asia Pacific Video Interviewing Software Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Asia Pacific Video Interviewing Software Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 China Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 China Video Interviewing Software Market Breakdown by Type
10.1.2.2.2 China Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.2.3 China Video Interviewing Software Market Breakdown by Industry
10.1.2.3 Japan Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 Japan Video Interviewing Software Market Breakdown by Type
10.1.2.3.2 Japan Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.3.3 Japan Video Interviewing Software Market Breakdown by Industry
10.1.2.4 India Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 India Video Interviewing Software Market Breakdown by Type
10.1.2.4.2 India Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.4.3 India Video Interviewing Software Market Breakdown by Industry
10.1.2.5 Australia Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Australia Video Interviewing Software Market Breakdown by Type
10.1.2.5.2 Australia Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.5.3 Australia Video Interviewing Software Market Breakdown by Industry
10.1.2.6 South Korea Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 South Korea Video Interviewing Software Market Breakdown by Type
10.1.2.6.2 South Korea Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.6.3 South Korea Video Interviewing Software Market Breakdown by Industry
10.1.2.7 Rest of Asia Pacific Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.7.1 Rest of Asia Pacific Video Interviewing Software Market Breakdown by Type
10.1.2.7.2 Rest of Asia Pacific Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.7.3 Rest of Asia Pacific Video Interviewing Software Market Breakdown by Industry
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Zappyhire
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Vervoe Pty Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Talview Inc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Spark Hire
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 VidCruiter Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
14. Appendix
14.1 About the Research Team
14.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Video Interviewing Software Market Segmentation
Table 2. Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 4. China Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 5. China Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 6. China Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 7. Japan Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. Japan Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 9. Japan Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. India Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. India Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 12. India Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 13. Australia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. Australia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 15. Australia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 16. South Korea Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 17. South Korea Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 18. South Korea Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 19. Rest of Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 20. Rest of Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 21. Rest of Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 22. Heat Map Analysis By Key Players
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Video Interviewing Software Market Segmentation, By Country
Figure 2. Ecosystem: Asia Pacific Video Interviewing Software Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Asia Pacific Video Interviewing Software Market Revenue (US$ Million), 2022 – 2030
Figure 5. Asia Pacific Video Interviewing Software Market Share (%) – Type, 2022 and 2030
Figure 6. Web-Based Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Mobile Apps Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Asia Pacific Video Interviewing Software Market Share (%) – Type, 2022 and 2030
Figure 9. Small and Medium Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Large Enterprises Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Asia Pacific Video Interviewing Software Market Share (%) – Industry, 2022 and 2030
Figure 12. BFSI Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. IT and Telecom Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Healthcare Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Manufacturing Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Asia Pacific Video Interviewing Software Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 18. Video Interviewing Software Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 19. China Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. Japan Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. India Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Australia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. South Korea Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Rest of Asia Pacific Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Asia Pacific Video Interviewing Software Market
1. Zappyhire
2. Vervoe
3. Spark Hire
4. VidCruiter Inc.
5. Talview
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