Europe Video Interviewing Software Market Forecast to 2030
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)
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Description
High Demand for Video Interviewing Software Due to COVID-19 Pandemic Drives Europe Video Interviewing Software Market
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.
Europe Video Interviewing Software Market Overview
Europe video interviewing software market is segmented into Germany, France, the UK, and Italy. Western Europe is known for its better living standards, with people displaying higher incomes. It is one of the richest regions on the European continent, with more per capita gross domestic product (GDP) than other regions.
Consumers and employees play a crucial role in evolving the IT & communications industry. Employees expect the same intuitive experience in office locations as at home. The expertise of communication provider companies has experienced different trends in the demand for video interviewing software and endpoints. The transition from conventional interviewing to online interviewing platforms and the introduction of technologically advanced video interviewing tools in the region are expected to boost the Europe market.
The UK is growing significantly owing to big investments, a rise in the hiring process in biotech companies, and an increasing trend of implementing new technologies. However, Germany is expected to maintain considerable potential for the growth of the video interviewing software market in the near future. The advancements in IT & healthcare and an increase in in-vitro cultivation initiatives entail a lot of hiring and lead to a high demand for video interviewing software.
Europe Video Interviewing Software Market Revenue and Forecast to 2030 (US$ Million)
Europe Video Interviewing Software Market Segmentation
The Europe video interviewing software market is segmented based on type, enterprise size, industry, and country. Based on type, the Europe 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 Europe 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 Europe 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 Europe video interviewing software market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe video interviewing software market share in 2022.
Odro Ltd., Willo Technologies Ltd., Tribepad, Interviewme Ltd, and Shine Interview Limited are some of the leading players operating in the Europe video interviewing software market.
Summary Info
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According to the Research Team’ 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.
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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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. Europe Video Interviewing Software Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
5. Europe Video Interviewing Software Market – Key Industry Dynamics
5.1 Europe 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
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 – Europe Market Analysis
6.1 Europe Video Interviewing Software Market Revenue (US$ Million), 2022 – 2030
6.2 Video Interviewing Software Market Forecast and Analysis
7. Europe 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. Europe 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. Europe 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. Europe Video Interviewing Software Market – Country Analysis
10.1 Europe
10.1.1 Europe Video Interviewing Software Market Overview
10.1.2 Europe Video Interviewing Software Market Revenue and Forecasts and Analysis – By Country
10.1.2.1 Europe Video Interviewing Software Market Revenue and Forecasts and Analysis – By Country
10.1.2.2 Germany Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.2.1 Germany Video Interviewing Software Market Breakdown by Type
10.1.2.2.2 Germany Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.2.3 Germany Video Interviewing Software Market Breakdown by Industry
10.1.2.3 UK Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.3.1 UK Video Interviewing Software Market Breakdown by Type
10.1.2.3.2 UK Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.3.3 UK Video Interviewing Software Market Breakdown by Industry
10.1.2.4 France Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.4.1 France Video Interviewing Software Market Breakdown by Type
10.1.2.4.2 France Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.4.3 France Video Interviewing Software Market Breakdown by Industry
10.1.2.5 Italy Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.5.1 Italy Video Interviewing Software Market Breakdown by Type
10.1.2.5.2 Italy Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.5.3 Italy Video Interviewing Software Market Breakdown by Industry
10.1.2.6 Russia Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.6.1 Russia Video Interviewing Software Market Breakdown by Type
10.1.2.6.2 Russia Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.6.3 Russia Video Interviewing Software Market Breakdown by Industry
10.1.2.7 Rest of Europe Video Interviewing Software Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.2.7.1 Rest of Europe Video Interviewing Software Market Breakdown by Type
10.1.2.7.2 Rest of Europe Video Interviewing Software Market Breakdown by Enterprise Size
10.1.2.7.3 Rest of Europe 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 Odro Ltd.
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 Willo Technologies 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 Tribepad Ltd
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 Shine
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 INTERVIEWME Ltd
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. Europe Video Interviewing Software Market Segmentation
Table 2. Europe Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 4. Germany Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 5. Germany Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 6. Germany Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 7. UK Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 8. UK Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 9. UK Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 10. France Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 11. France Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 12. France Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 13. Italy Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 14. Italy Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 15. Italy Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 16. Russia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 17. Russia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 18. Russia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Industry
Table 19. Rest of Europe Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Type
Table 20. Rest of Europe Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn) – By Enterprise Size
Table 21. Rest of Europe 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. Europe Video Interviewing Software Market Segmentation, By Country
Figure 2. Ecosystem: Europe Video Interviewing Software Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Europe Video Interviewing Software Market Revenue (US$ Million), 2022 – 2030
Figure 5. Europe 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. Europe 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. Europe 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. Europe 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. Germany Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 20. UK Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. France Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Italy Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. Russia Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Rest of Europe Video Interviewing Software Market Revenue and Forecasts To 2030 (US$ Mn)
The List of Companies – Europe Video Interviewing Software Market
1. Odro Ltd.
2. Willo Technologies Ltd.
3. Tribepad
4. Interviewme Ltd
5. Shine Interview Limited
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