Technical Skills Screening Software Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET OVERVIEW

Technical skills screening software, which is also popularly known as technical skills assessment software, is utilized by several technical recruitment agencies and tech companies. They use it as a tool for optimizing the interviewing process of potential candidates by examining their technical capabilities. Using such software helps in saving time and money significantly. Considering various technological advancements, technical skills screening software market sees a promising growth in near future.

MARKET SCOPE

The "Global Technical Skills Screening Software Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the technical skills screening software market with detailed market segmentation by deployment type, organization size and geography. The report provides key statistics on the market status of the leading technical skills screening software market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on deployment type, the global technical skills screening software market is segmented into web based and cloud-based.
  
•   On the basis of organization size, the market is segmented into large enterprises and small and medium-sized enterprises (SMEs).
  

MARKET DYNAMICS

Drivers:

•   Helps in saving considerable amount of money and time.
  
•   Advancing technology help this software to function more efficiently.
  

Restraints

•   Small and medium enterprises may find it difficult to invest such advanced technologies.
  

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 market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The technical skills screening software market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the 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 all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the technical skills screening software market in these regions.

IMPACT OF COVID-19 ON TECHNICAL SKILLS SCREENING SOFTWARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. This pandemic has slowed down the economy of many countries. Considering this, hiring and recruitment has gone down considerably. In this situation, where very many people lost their jobs and faced salary cuts, very less new jobs were created. This has severely hampered the growth of the technical skills screening software market.

MARKET PLAYERS

The report covers key developments in the technical skills screening software 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 way for the expansion of business and customer base of market players. The market payers from technical skills screening software market are anticipated to lucrative growth opportunities in the future with the rising demand for technical skills screening software in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the technical skills screening software market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Adaface Pte. Ltd.
  
•   Codility Ltd.
  
•   Devskiller Sp. z o.o.
  
•   GoScale Group Inc. (TalScale)
  
•   HackerEarth Inc.
  
•   HackerRank
  
•   HireVue
  
•   Inspice Technologies (QuodeIT)
  
•   MOCHA TECHNOLOGIES INC (Interview Mocha)
  
•   VidCruiter Inc.
  
  

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.

Technical Skills Screening Software Report Scope