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Asia Pacific 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)
- Report Code : BMIRE00027101
- Pages : 103
The video interviewing software market in Asia Pacific is expected to grow from US$ 56.18 million in 2022 to US$ 140.71 million by 2028. It is estimated to grow at a CAGR of 16.5% from 2022 to 2028.
Changing Roles of Recruiters
Recruiter’s position is one of the fastest-changing positions in the business world, with an extending list of responsibilities, and the use of video interviewing tools is making their tasks less cumbersome. The available automation and assistive AI technologies in purpose-built systems enable them to spend less time on administrative and repetitive recruitment tasks. This allows them to invest more time in strategic activities such as brand building and candidate engagement, alongside ensuring increased productivity. Further, video interviewing enables interviewers to keep records in digital format, thereby boosting process transparency and accuracy. In on-demand interviews, talent acquisition (TA) teams would offer the same question set in the same way to all applicants for a particular position. With recent developments such as on-demand text and virtual recruiters assisted by AI, purpose-built solutions integrated to provide efficient output such as analytics graph which can be easy for the analysis of applied applications. Additionally, video interviewing apps and software that can be installed on mobile devices are also gathering significant traction. Most organizations use an Applicant Tracking System (ATS) to store and record information about each candidate. They need to choose a video interview tool that integrates with their ATS, further allowing them to record each video interview on the candidate’s profile, which can further be reviewed by other members of the group. This will help companies eliminate the step of recording and uploading the interview video to the systems that are in use to track candidates. For instance, Harver is a complete candidate screening platform with a video interview module that allows companies to easily implement asynchronous virtual interviews into their candidate screening process. Recorded video interviews can be combined with other Harver assessments, allowing the organization to evaluate every candidate aspect, from cognitive ability to cultural adaptability.
Market Overview
Asian & Pacific countries are home for several SMEs across industries, which capitalize heavily on advanced technologies, and this factor is favoring the video interviewing software market in the region. The continuously growing economies in this region include China, India, Japan, South Korea, Singapore, Taiwan, and Malaysia, among others. The cultures of a remote office, home office, and coworking spaces are tremendously growing in the region, which is encouraging the individuals to incorporate video interviewing software into their systems. In addition, several organizations are transitioning from large conference rooms to smaller hurdle rooms with an objective to utilize maximum office space for employee engagement. This transition is facilitating them to employ large workforce to ensure enhanced productivity. Moreover, the transition from large conference rooms to small hurdle rooms is influenced by the emergence and adoption of audiovisual (AV) technologies, which enable the employees to virtually interact with individuals located at a disparate area from small rooms.
The countries in APAC are consistently witnessing growth in corporate, healthcare, and education sectors. The proliferation rate of technologies is noteworthy in the sectors mentioned above, and the demand for video interviewing software continues to rise in every interview space.
In addition, the development of a 5G network is accentuating at a rapid rate, which is also foreseen to boost the video interviewing software market.
Asia Pacific Video interviewing software Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Video interviewing software Market Segmentation
The Asia Pacific 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 Asia Pacific 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 Australia, China, India, Japan, South Korea, and Rest of Asia Pacific. China dominated the market share in 2022.
Breezy HR, Inc., Jobvite, Inc, Modern Hire, and Spark Hire are the leading companies operating in the video interviewing software market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Video Interviewing Software Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. APAC Video Interviewing Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Preference for Video Interviews in Recruitment Process
5.1.2 Rising Number of Job Applicants Raising Demand for Time-Efficient Selection Systems
5.2 Market Restraints
5.2.1 Issues with Internet Connectivity and Potential Frauds
5.2.2 Availability of Open-Source Video Interviewing Solutions
5.3 Market Opportunities
5.3.1 Use of Social Analytics for Data Screening and Increasing Demand in Asia Pacific
5.3.2 Introduction of Big Data
5.4 Future Trends
5.4.1 Changing Roles of Recruiters
5.4.2 Adoption of Cloud-Based Video Interviewing Solutions
5.5 Impact Analysis
6. APAC Video Interviewing Software Market – APAC Market Analysis
6.1 APAC Video Interviewing Software Market Overview
6.2 APAC Video Interviewing Software Market –Revenue and Forecast to 2028 (US$ Million)
7. APAC Video Interviewing Software Market Analysis – By Type
7.1 Overview
7.2 APAC Video Interviewing Software Market, By Type (2021 and 2028)
7.3 Web-Based
7.3.1 Overview
7.3.2 Web-Based: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Mobile Apps
7.4.1 Overview
7.4.2 Mobile Apps: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
8. APAC Video Interviewing Software Market Analysis – By Enterprise Size
8.1 Overview
8.2 APAC Video Interviewing Software Market, By Enterprise Size (2021 and 2028)
8.3 Small and Medium Enterprises (SMEs)
8.3.1 Overview
8.3.2 SMEs: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Large Enterprise
8.4.1 Overview
8.4.2 Large Enterprise: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
9. APAC Video Interviewing Software Market Analysis – By Industry
9.1 Overview
9.2 APAC Video Interviewing Software Market, By Industry (2021 and 2028)
9.3 BFSI
9.3.1 Overview
9.3.2 BFSI: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
9.4 IT and Telecom
9.4.1 Overview
9.4.2 IT and Telecom: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
9.5 Healthcare
9.5.1 Overview
9.5.2 Healthcare: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
9.6 Manufacturing
9.6.1 Overview
9.6.2 Manufacturing: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
10. APAC Video Interviewing Software Market – Country Analysis
10.1 Overview
10.1.1 Recent Developments
10.1.2 APAC: Video Interviewing Software Market, by Key Country
10.1.2.1 Australia: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Australia: Video Interviewing Software Market, by Type
10.1.2.1.2 Australia: Video Interviewing Software Market, by Enterprise Size
10.1.2.1.3 Australia: Video Interviewing Software Market, by Industry
10.1.2.2 China: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.2.1 China: Video Interviewing Software Market, by Type
10.1.2.2.2 China: Video Interviewing Software Market, by Enterprise Size
10.1.2.2.3 China: Video Interviewing Software Market, by Industry
10.1.2.3 India: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.3.1 India: Video Interviewing Software Market, by Type
10.1.2.3.2 India: Video Interviewing Software Market, by Enterprise Size
10.1.2.3.3 India: Video Interviewing Software Market, by Industry
10.1.2.4 Japan: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.4.1 Japan: Video Interviewing Software Market, by Type
10.1.2.4.2 Japan: Video Interviewing Software Market, by Enterprise Size
10.1.2.4.3 Japan: Video Interviewing Software Market, by Industry
10.1.2.5 South Korea: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.5.1 South Korea: Video Interviewing Software Market, by Type
10.1.2.5.2 South Korea: Video Interviewing Software Market, by Enterprise Size
10.1.2.5.3 South Korea: Video Interviewing Software Market, by Industry
10.1.2.6 Rest of APAC: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of APAC: Video Interviewing Software Market, by Type
10.1.2.6.2 Rest of APAC: Video Interviewing Software Market, by Enterprise Size
10.1.2.6.3 Rest of APAC: Video Interviewing Software Market, by Industry
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Jobvite, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Modern Hire
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Spark Hire
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Breezy HR, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Video Interviewing Software Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: Video Interviewing Software Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 8. China: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 9. India: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. India: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 12. Japan: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: Video Interviewing Software Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of APAC: Video Interviewing Software Market, by Enterprise Size – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Video Interviewing Software Market, by Industry – Revenue and Forecast to 2028 (US$ Million)
Table 21. APAC Video Interviewing Software Market: List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Video Interviewing Software Market Segmentation
Figure 2. APAC Video Interviewing Software Market Segmentation – By Country
Figure 3. APAC Video Interviewing Software Market Overview
Figure 4. Web-Based Segment Is Expected To Dominate The Market By Type
Figure 5. Large Enterprises Segment Is Expected To Dominate The Market By Enterprises Size
Figure 6. China Is Expected To Dominate The Market By Country
Figure 7. APAC: PEST Analysis
Figure 8. APAC Video Interviewing Software Market Ecosystem Analysis
Figure 9. APAC Video Interviewing Software Market Impact Analysis of Driver and Restraints
Figure 10. APAC Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC: Video Interviewing Software Market Revenue Share, By Type (2021 and 2028)
Figure 12. APAC Web-Based: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. APAC Mobile Apps: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. APAC: Video Interviewing Software Market Revenue Share, by Enterprise Size (2021 and 2028)
Figure 15. APAC SMEs: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. APAC Large Enterprise: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. APAC: Video Interviewing Software Market Revenue Share, by Industry (2021 and 2028)
Figure 18. APAC BFSI: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. APAC IT and Telecom: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. APAC Healthcare: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. APAC Manufacturing: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. APAC Others: Video Interviewing Software Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. APAC: Video Interviewing Software Market, by Key Country– Revenue (2021) (US$ Million)
Figure 24. APAC: Video Interviewing Software Market Revenue Share, by Key Country (2021 and 2028)
Figure 25. Australia: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. China: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. India: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Japan: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. South Korea: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of APAC: Video Interviewing Software Market – Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific 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 Asia Pacific 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 Asia Pacific 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
The List of Companies – Asia Pacific Video Interviewing Software Market
● Breezy HR, Inc.
● Jobvite, Inc
● Modern Hire
● Spark Hire
At 16.5% CAGR, the Asia Pacific Video Interviewing Software Market is speculated to be worth US$ 140.71 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Asia Pacific video interviewing software market was valued at US$ 56.18 million in 2022 and is expected to reach US$ 140.71 million by 2028, registering an annual growth rate of 16.5% from 2022 to 2028. Rising preference for video interviews in recruitment process and increasing number of job applicants raising demand for time-efficient selection systems are the critical factors attributed to the market expansion.
Till 2020, APAC was the region with the largest number of internet users, i.e., ~2.5 billion. China had more than 854 million internet users, and India had ~560 million internet users. Continuous growth in the number of internet users encourages industries to transform their processes into digital operations. Cloud technology has positively impacted business performances through enhanced data storage and transfer facilities, in cost-effective ways by allowing businesses to pay for the service as per their use.
The cloud-based deployment of video interviewing solutions has gained popularity in the past few years. Training and development courses are made available to students to prepare them for academics, as well as professional fields, and the issues regarding storage capacities have been resolved with the inception of cloud technology. Additionally, businesses are moving toward adopting SaaS-based video interviewing solutions. The high cost of hardware, software, and data center operations are divided among customers by the vendor in the SaaS-based model, thereby allowing customers to avail state-of-the-art infrastructure at lower costs. Therefore, cloud-based video interviewing solutions are likely to gain a huge demand during the forecast period, thus leading to new trends in the video interviewing software market.
On the contrary, problems with internet connectivity and potential frauds hurdles the growth of Asia Pacific video interviewing software market.
On the basis of type, the video interviewing software market sphere is bifurcated into web-based and mobile apps. The web-based segment held 79.4% market share in 2022, amassing US$ 44.63 million. It is projected to garner US$ 106.71 million by 2028 to expand at 15.6% CAGR during 2022–2028.
Based on enterprise size, the Asia Pacific video interviewing software market is fragmented into small & medium enterprises (SMEs) and large enterprises. With 69.1% share of the domain, the large enterprises segment dominated the market in 2022. It accrued US$ 38.80 million in 2022 and is estimated to generate US$ 91.72 million by 2028 to grow at a CAGR of 15.4% over the forecast period.
Based on industry, the video interviewing software market is segmented into IT and telecom, manufacturing, BFSI, healthcare, and others. The IT & Telecom segment held 38.4% market share in 2022, amassing US$ 21.56 million. It is projected to garner US$ 57.58 million by 2028 to expand at 17.8% CAGR during 2022–2028.
Our regional analysis states that China captured 28.9% market share in 2022. It was assessed at US$ 16.21 million in 2022 and is likely to hit US$ 35.74 million by 2028, exhibiting a CAGR of 14.1% during the forecast period.
Key players dominating the Asia Pacific video interviewing software market are Breezy HR, Inc., Jobvite, Inc, Modern Hire, and Spark Hire among others.
In 2022, Modern Hire has launched its latest interview technology “Automated Interview Creator”. It is a science-based interview technology which guides and recommends best interview questions meeting the job requirements.
In 2021, Spark Hire and Scout Talent, talent software and service provider based in Australia have partnered to launch integration for smarter hiring across country by requesting the users to add Spark Hire’s video interview’s within the talent platform of Scout.
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