Online interview management solutions are designed for streamlining the interview process. The recruiter or interviewer utilizes this software for conducting the recruitment process. This software is an effective solution in the recruitment industry as it minimizes efforts, saves time, and improves hiring team collaboration. Online interview management solutions save money as they offer the option of live online interview, which eliminates traveling costs of employees. Live video interviewing offers face-to-face, real-time interaction or communication with candidates.
Increased globalization and growth in the employment rate are likely to drive the global online interview management solution market. Online interview management solutions reduce the time for the recruitment process as they replace tasks involved in the traditional interview process such as resume reviews and phone screens with an on-demand video interview. Moreover, recruiters can evaluate more candidates at their convenience without having to synchronize calendars. Online interview management solutions offer live interview features, which allow recruiters or interviewers to conduct interviews in real time. Virtual machine-based solutions are estimated to offer attractive expansion opportunities to the online interview management solutions market as these solutions provide candidates with a cloud-deployed virtual machine (VM) with the graphic user interface (GUI) based application.
The online interview management solutions market can be segmented based on component, deployment, operating system, enterprise size, end-user, and region. In terms of component, the market can be classified into software and services. The software segment can be further classified into all-in-one and standalone. The standalone sub-segment can be further categorized into applicant management, online assessment, structured online interviews, video screening, video interviewing, live interview, online tests (grammar, essay, coding, etc.) and others (feedback management, etc.) Video interviewing software solutions enable enterprises to screen candidates through video interviews instead of CVs or resumes. The demand for live interview software is expected to increase over the forecast period as it offers a seamless interview platform for a face-to-face conversation between the panel and candidate, irrespective of their location. The services segment can be further divided into installations and integration, training and consulting, and and maintenance and support. Based on deployment, the market can be segmented into web-based, cloud (software as a service (SaaS)), and mobile app. In terms of operating system, the market can be classified into Windows, UNIX, Android, Mac/iOS, Linux, and others. Based on enterprise size, the market can be categorized into small-medium enterprises and large enterprises. In terms of end-user, the online interview management solutions market can be classified into IT and telecom, media and entertainment, manufacturing, education, retail, energy and utility, travel and hospitality, health care, government, and others (oil and gas, construction, legal, etc.).
Based on region, the online interview management solutions market can be segmented into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is estimated to account for a significant market share in 2018. It is expected to continue its dominance over the forecast period. This is due to an increase in focus of candidates and students on applying for jobs in countries in North America such as the U.S. and Canada. The market in Europe is estimated to expand at a rapid pace during the forecast period, due to expansion in the recruitment industry. The market in Asia Pacific is expected to expand at a rapid pace, owing to growth in employment rate and expansion in the education industry. Moreover, the adoption of online interview management solutions by enterprises is expected to further boost the market.
Companies operating in the online interview management solutions market offer subscription and licensed pricing models. The companies offer three types of subscription pricing models: per transaction, per recruiter user, and per employee. Key companies operating in the online interview management solutions market are Mettl Online Assessment, skeeled, FaceCruit, Hire-Intelligence, Talview, RecRight, Jobsoid Inc., Montage, PlumVue, Hirevue, and Spark hire.
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