Virtual Hiring Tools Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Virtual hiring tool hurries up and simplifies hiring process by eradicating the need for multiple in-person interviews. Virtual interviews enable the candidates to move through the hiring funnel when their busy schedules do not permit them to meet in person. Virtual hiring tool can normalize the interview process, and increase collaboration between hiring managers and recruiters.
MARKET DYNAMICS
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 virtual hiring tool market. Presence of large number of IT and different private firms in the US, China, and India, among others is resulting in a large-scale use of virtual hiring tool, globally. Moreover, the ongoing COVID-19 pandemic, which has led the companies to switch to the work from home mode, has led the firms to adopt various virtual hiring tool to ensure uninterrupted business hiring.
MARKET SCOPE
The "Global Virtual Hiring Tool Market Analysis to 2028" is a specialized and in-depth study of the virtual hiring tool industry with a special focus on the global market trend analysis. The report aims to provide an overview of virtual hiring tool market with detailed market segmentation by component, enterprise size, and geography. The global virtual hiring tool market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading virtual hiring tool market players and offers trends and opportunities in the market.
MARKET SEGMENTATION
The global virtual hiring tool market is segmented on the basis of component and enterprise size. Based on component, the virtual hiring tool market is segmented as solution and services. On the basis of enterprise size, the market is segmented as SMEs and large enterprises.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global virtual hiring tool market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The virtual hiring tool market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting virtual hiring tool market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the virtual hiring tool market for each region.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global virtual hiring tool market based on various segments. it also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The virtual hiring tool market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of various countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting virtual hiring tool market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the virtual hiring tool market for each region.
MARKET PLAYERS
The reports cover key developments in the virtual hiring tool market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from virtual hiring tool market are anticipated to lucrative growth opportunities in the future with the rising demand for virtual hiring tool in the global market. Below mentioned is the list of few companies engaged in the virtual hiring tool market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- VidCruiter
- Myinterview Solutions Pty Ltd.
- RecRight
- Spark Hire
- AllyO
- Harver B.V.
- XOR
- TurboHire Technologies Private Limited
- Jobsoid Inc.
- Shine
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
This text is related
to segments covered.
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Virtual Hiring Tools Market - By Component
1.3.2 Virtual Hiring Tools Market - By Enterprise Size
1.3.3 Virtual Hiring Tools Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VIRTUAL HIRING TOOLS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. VIRTUAL HIRING TOOLS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VIRTUAL HIRING TOOLS MARKET - GLOBAL MARKET ANALYSIS
6.1. VIRTUAL HIRING TOOLS - GLOBAL MARKET OVERVIEW
6.2. VIRTUAL HIRING TOOLS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. VIRTUAL HIRING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. SOLUTION
7.3.1. Overview
7.3.2. Solution Market Forecast and Analysis
7.4. SERVICES
7.4.1. Overview
7.4.2. Services Market Forecast and Analysis
8. VIRTUAL HIRING TOOLS MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. VIRTUAL HIRING TOOLS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Virtual Hiring Tools Market Overview
9.1.2 North America Virtual Hiring Tools Market Forecasts and Analysis
9.1.3 North America Virtual Hiring Tools Market Forecasts and Analysis - By Component
9.1.4 North America Virtual Hiring Tools Market Forecasts and Analysis - By Enterprise Size
9.1.5 North America Virtual Hiring Tools Market Forecasts and Analysis - By Countries
9.1.5.1 United States Virtual Hiring Tools Market
9.1.5.1.1 United States Virtual Hiring Tools Market by Component
9.1.5.1.2 United States Virtual Hiring Tools Market by Enterprise Size
9.1.5.2 Canada Virtual Hiring Tools Market
9.1.5.2.1 Canada Virtual Hiring Tools Market by Component
9.1.5.2.2 Canada Virtual Hiring Tools Market by Enterprise Size
9.1.5.3 Mexico Virtual Hiring Tools Market
9.1.5.3.1 Mexico Virtual Hiring Tools Market by Component
9.1.5.3.2 Mexico Virtual Hiring Tools Market by Enterprise Size
9.2. EUROPE
9.2.1 Europe Virtual Hiring Tools Market Overview
9.2.2 Europe Virtual Hiring Tools Market Forecasts and Analysis
9.2.3 Europe Virtual Hiring Tools Market Forecasts and Analysis - By Component
9.2.4 Europe Virtual Hiring Tools Market Forecasts and Analysis - By Enterprise Size
9.2.5 Europe Virtual Hiring Tools Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Virtual Hiring Tools Market
9.2.5.1.1 Germany Virtual Hiring Tools Market by Component
9.2.5.1.2 Germany Virtual Hiring Tools Market by Enterprise Size
9.2.5.2 France Virtual Hiring Tools Market
9.2.5.2.1 France Virtual Hiring Tools Market by Component
9.2.5.2.2 France Virtual Hiring Tools Market by Enterprise Size
9.2.5.3 Italy Virtual Hiring Tools Market
9.2.5.3.1 Italy Virtual Hiring Tools Market by Component
9.2.5.3.2 Italy Virtual Hiring Tools Market by Enterprise Size
9.2.5.4 United Kingdom Virtual Hiring Tools Market
9.2.5.4.1 United Kingdom Virtual Hiring Tools Market by Component
9.2.5.4.2 United Kingdom Virtual Hiring Tools Market by Enterprise Size
9.2.5.5 Russia Virtual Hiring Tools Market
9.2.5.5.1 Russia Virtual Hiring Tools Market by Component
9.2.5.5.2 Russia Virtual Hiring Tools Market by Enterprise Size
9.2.5.6 Rest of Europe Virtual Hiring Tools Market
9.2.5.6.1 Rest of Europe Virtual Hiring Tools Market by Component
9.2.5.6.2 Rest of Europe Virtual Hiring Tools Market by Enterprise Size
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Virtual Hiring Tools Market Overview
9.3.2 Asia-Pacific Virtual Hiring Tools Market Forecasts and Analysis
9.3.3 Asia-Pacific Virtual Hiring Tools Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Virtual Hiring Tools Market Forecasts and Analysis - By Enterprise Size
9.3.5 Asia-Pacific Virtual Hiring Tools Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Virtual Hiring Tools Market
9.3.5.1.1 Australia Virtual Hiring Tools Market by Component
9.3.5.1.2 Australia Virtual Hiring Tools Market by Enterprise Size
9.3.5.2 China Virtual Hiring Tools Market
9.3.5.2.1 China Virtual Hiring Tools Market by Component
9.3.5.2.2 China Virtual Hiring Tools Market by Enterprise Size
9.3.5.3 India Virtual Hiring Tools Market
9.3.5.3.1 India Virtual Hiring Tools Market by Component
9.3.5.3.2 India Virtual Hiring Tools Market by Enterprise Size
9.3.5.4 Japan Virtual Hiring Tools Market
9.3.5.4.1 Japan Virtual Hiring Tools Market by Component
9.3.5.4.2 Japan Virtual Hiring Tools Market by Enterprise Size
9.3.5.5 South Korea Virtual Hiring Tools Market
9.3.5.5.1 South Korea Virtual Hiring Tools Market by Component
9.3.5.5.2 South Korea Virtual Hiring Tools Market by Enterprise Size
9.3.5.6 Rest of Asia-Pacific Virtual Hiring Tools Market
9.3.5.6.1 Rest of Asia-Pacific Virtual Hiring Tools Market by Component
9.3.5.6.2 Rest of Asia-Pacific Virtual Hiring Tools Market by Enterprise Size
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Virtual Hiring Tools Market Overview
9.4.2 Middle East and Africa Virtual Hiring Tools Market Forecasts and Analysis
9.4.3 Middle East and Africa Virtual Hiring Tools Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Virtual Hiring Tools Market Forecasts and Analysis - By Enterprise Size
9.4.5 Middle East and Africa Virtual Hiring Tools Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Virtual Hiring Tools Market
9.4.5.1.1 South Africa Virtual Hiring Tools Market by Component
9.4.5.1.2 South Africa Virtual Hiring Tools Market by Enterprise Size
9.4.5.2 Saudi Arabia Virtual Hiring Tools Market
9.4.5.2.1 Saudi Arabia Virtual Hiring Tools Market by Component
9.4.5.2.2 Saudi Arabia Virtual Hiring Tools Market by Enterprise Size
9.4.5.3 U.A.E Virtual Hiring Tools Market
9.4.5.3.1 U.A.E Virtual Hiring Tools Market by Component
9.4.5.3.2 U.A.E Virtual Hiring Tools Market by Enterprise Size
9.4.5.4 Rest of Middle East and Africa Virtual Hiring Tools Market
9.4.5.4.1 Rest of Middle East and Africa Virtual Hiring Tools Market by Component
9.4.5.4.2 Rest of Middle East and Africa Virtual Hiring Tools Market by Enterprise Size
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Virtual Hiring Tools Market Overview
9.5.2 South and Central America Virtual Hiring Tools Market Forecasts and Analysis
9.5.3 South and Central America Virtual Hiring Tools Market Forecasts and Analysis - By Component
9.5.4 South and Central America Virtual Hiring Tools Market Forecasts and Analysis - By Enterprise Size
9.5.5 South and Central America Virtual Hiring Tools Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Virtual Hiring Tools Market
9.5.5.1.1 Brazil Virtual Hiring Tools Market by Component
9.5.5.1.2 Brazil Virtual Hiring Tools Market by Enterprise Size
9.5.5.2 Argentina Virtual Hiring Tools Market
9.5.5.2.1 Argentina Virtual Hiring Tools Market by Component
9.5.5.2.2 Argentina Virtual Hiring Tools Market by Enterprise Size
9.5.5.3 Rest of South and Central America Virtual Hiring Tools Market
9.5.5.3.1 Rest of South and Central America Virtual Hiring Tools Market by Component
9.5.5.3.2 Rest of South and Central America Virtual Hiring Tools Market by Enterprise Size
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. VIRTUAL HIRING TOOLS MARKET, KEY COMPANY PROFILES
11.1. VIDCRUITER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MYINTERVIEW SOLUTIONS PTY LTD.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. RECRIGHT
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. SPARK HIRE
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ALLYO
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HARVER B.V.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. XOR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TURBOHIRE TECHNOLOGIES PRIVATE LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. JOBSOID INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SHINE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. VidCruiter
2. Myinterview Solutions Pty Ltd.
3. RecRight
4. Spark Hire
5. AllyO
6. Harver B.V.
7. XOR
8. TurboHire Technologies Private Limited
9. Jobsoid Inc.
10. Shine
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.