Video Interviewing Software hurries up and simplifies recruiting by eradicating the need for multiple in-person interviews. Video interviews enable the candidates to move through the hiring funnel when their busy schedules do not permit them to meet in person. Video interview software can normalize the interview process, and increase collaboration between hiring managers and recruiters.
Reduction in costs and prevention of schedule issues, building a better and standardized screening of candidates, and providing a positive candidate experience are some of the major factors driving the growth of the video interviewing software market. Moreover, advancements in the 5G communication technology and efforts toward its commercialization are among the factors fueling the growth of the global video interviewing software market.
ClearCompany, HireVue, InterviewStream, and Jobvite, Inc. – PROMINENT MARKET PARTICIPANTS IN VIDEO INTERVIEWING SOFTWARE MARKET
Several key players operating in the global video interviewing software market include ClearCompany, HireVue, InterviewStream, Jobvite, Inc., Modern Hire, Shine, skeeled, Spark Hire, VidCruiter, and Yello. The major players in the market are focused on growth approached such as mergers and acquisitions, new developments, and strategic business planning to widen their geographic presence and consumer base globally.
Market initiative is a strategy adopted by companies to expand their footprint and to meet the growing customer demand. The market players present in the video interviewing software market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings. Most of the market initiatives were observed in the North America and Europe regions, which have a high potential for future market growth:
| Year | News | Region |
| 2020 | Spark Hire recently entered into a strategic partnership with TeamWork Online to enhance recruiting efforts and improve talent acquisition. TeamWork’s main goal was to introduce video interviewing into their recruiting efforts to attract qualified candidates to present to their clients effectively. | North America |
| 2019 | Jobvite, Inc. and TalentQuest had entered into a partnership that allows organizations to optimize their candidate movement in the recruitment and hiring process through the automated launching of a TalentQuest Assessment within the candidate workflow in Jobvite’s ATS. | North America |
| 2019 | RecRight company had expanded its presence to the Baltic region by launching cooperation with Baltic Sales Agency (BSA). | Europe |
