The COVID-19 pandemic has changed the world of business, making a huge impact on productivity. It has affected each department, and the hiring department is no exception. The coronavirus situation worked as fuel for the popularity of online interview tools. Businesses quickly adapted to this new normal during the national pandemic. The video interview software turned into a new normal way of conducting interviews. Over the past two years, the interest in these tools has increased drastically among recruiters and HR professionals.

The “work from home” trend demanded the collaboration of interviews through online tools. This is where online interviews come into the market. Video interviews have gained enormous approval among businesses to improve the outdated job interview process. These tools allow companies to hire top candidates while working remotely.

In 2020, the number of people using interview software was increasing at an average of 73% per week. In fact, in a particular week of 2020, the spike in the use of these tools was 524%. The demand for these tools is still increasing rapidly as companies are working remotely. Therefore, the interview software market has gained high traction amidst the COVID-19 outbreak and is not going anywhere soon.

Latest trends
The interest in video interview tools is rising, and here is some data to shed light on it. There has been a massive increase in the use of these tools from 2019 till now. In 2020, the interviewing software market size was USD 21 million, and it is expected to reach USD 116.7 million in 2027. It is expected to grow at a CAGR of 26.8% during the forecast period (2022-2027). The significant factor responsible for the acceleration of this market is the multiple benefits these online tools offer. The need to expand a business is another significant aspect that drives the growth of the interviewing software industry.

As the remote work is going to stay here for longer, it will positively influence the growth of this market. Major organizations now rely on these online tools to attract and hire top talents. This data clearly shows that the video interviewing market is going to grow amidst the challenges of this unprecedented pandemic.

Source URL : https://www.jobma.com/video-interview