Europe Video Interviewing Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Web-Based and Mobile Apps), Enterprise Size [Small and Medium Enterprises (SMEs) and Large Enterprise], and Industry (BFSI, IT and Telecom, Healt

Europe Video Interviewing Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Web-Based and Mobile Apps), Enterprise Size [Small and Medium Enterprises (SMEs) and Large Enterprise], and Industry (BFSI, IT and Telecom, Healthcare, Manufacturing, and Others)    

The video interviewing software market in Europe is expected to grow from US$ 3633.44 million in 2022 to US$ 5128.64 million by 2028. It is estimated to grow at a CAGR of 5.9% from 2022 to 2028.

Introduction of Big Data

Big Data refers to data collected from huge groups. The Internet has made it easy for social networking sites, search engines, marketers, and other sources to collect huge volumes of information about employees. Information gathered from big data can be used to create employee wellness programs, improve their healthcare policies, and enhance internal promotion programs. Big Data offers combined information that rules out implicit and explicit bias as well as unfairness from employment judgments, thereby helping employers in making better decisions regarding recruitment, appraisal, and performance evaluations. Big Data, when paired with existing solution such as CRM database, job application portal among others can strengthen the ability to recognize cross-border talent. Thus, the integration of Big Data analytics brings huge opportunities in the video interviewing software market as it can be one of the significant techniques to improve employers’ decision-making.

Market Overview

Europe comprises several economies, such as 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 wealthiest regions on the European continent, with more per capita gross domestic product (GDP) than other regions.
In the IT & communications space, consumers and employees play a significant role in evolving the stated industry. At present, employees expect the same intuitive experience in office locations as they can at home. The expertise of communication provider companies had 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 predicted to hold the second highest market share in 2021. The growth of the UK market is attributed to big investments, the rise in the hiring process in biotech companies, and the increasing trend of implementing new technologies. However, Germany is expected to maintain a considerable potential for the growth of the video interviewing software market in the near future with advancements in IT & healthcare, and an increase in in-vitro cultivation initiatives that entail a lot of hiring and lead to high demand for video interviewing software.
Europe Video interviewing software Market Revenue and Forecast to 2028 (US$ Million)

Europe Video interviewing software Market Segmentation

The Europe video interviewing software market is segmented into type, enterprise size, industry, and country.
Based on type, the video interviewing software market is segmented into web-based and mobile apps. The web-based segment accounted for a larger market share in 2022.
Based on enterprise size, the video interviewing software market is segmented into small and medium enterprises (SMEs) and large enterprises. The large enterprises segment registered the largest market share in 2022.
Based on industry vertical, the Europe video interviewing software market is segmented into IT and telecom, manufacturing, BFSI, healthcare, and others. The IT and telecom segment held the largest market share in 2022.
Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and Rest of Europe. Germany dominated the market share in 2022.
Jobvite, Inc, Modern Hire, Shine, and Skeeled are the leading companies operating in the video interviewing software market in the region.

Reasons to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe video interviewing software market
Highlights key business priorities in order to assist companies to realign their business strategies
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
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the video interviewing software market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution