Global Technical Skills Screening Software Market Size To Worth USD 618.60 Million by 2033 | CAGR of 6.89%
Category: Information & TechnologyGlobal Technical Skills Screening Software Market Size To Worth USD 618.60 Million by 2033
According to a research report published by Spherical Insights & Consulting, the Global Technical Skills Screening Software Market Size is Expected to Grow from USD 317.57 Million in 2023 to USD 618.60 Million by 2033, at a CAGR of 6.89% during the forecast period 2023-2033.
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Browse key industry insights spread across 260 pages with 125 Market data tables and figures & charts from the report on the "Global Technical Skills Screening Software Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Cloud-Based and Web-Based), By Application (Large Enterprises and SMEs), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/technical-skills-screening-software-market
A tool used by companies to assess a candidate's technical skills throughout the recruiting process is technical skills screening software. It is sometimes referred to as a code assessment platform or a coding interview platform. Organizations use technical skills testing to interview candidates for technical roles and assess their technical skills, especially in coding. Software applications for the management of recruitment (ATS) and other HR tools are being combined with technical skills screening software to improve activity efficiency, manage data, and provide a thorough technical assessment of candidates. The growing need for precise and fast talent acquisition procedures across a range of industries is driving the growth technical skills screening software market. During the hiring process, this software is crucial for assessing candidates' technical skills. Another factor driving the market is the growing popularity of remote work, which has raised demand for online evaluation tools. The need to cut down on recruiting time and expenses and the growing requirement for effective recruitment procedures are the main factors driving the technical skills screening software market. However, the high expense of setting up and maintaining these software systems is one of the main restraints in the technical skills screening software market.
The cloud-based segment is predicted to hold the greatest market share through the forecast period.
Based on the product type, the technical skills screening software market is classified into cloud-based, and web-based. Among these, the cloud-based segment is predicted to hold the greatest market share through the forecast period. Cloud-based solutions can be accessible online and are housed on the vendor's servers. They are well-liked by SMEs and businesses with a dispersed workforce due to they provide more flexibility, scalability, and reduced upfront expenditures.
The large enterprises segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the technical skills screening software market is divided into large enterprises and SMEs. Among these, the large enterprises segment is anticipated to hold the greatest market share during the projected timeframe. Comprehensive assessment suites that can manage large candidate numbers and provide sophisticated analytics are usually needed by large enterprises.
North America is estimated to hold the largest share of the technical skills screening software market over the forecast period.
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North America is estimated to hold the largest share of the technical skills screening software market over the forecast period. With the significant concentration of IT companies and the need for qualified IT workers, the United States has the greatest technical skills screening software market. The market is further strengthened by the existence of significant players like HireVue and HackerRank in the region.
Asia Pacific is predicted to have the highest CAGR growth in the technical skills screening software market over the forecast period. With the growing need for qualified experts in AI, big data, and cybersecurity as well as the economy's rapid digitization, China is one of the markets with the quickest rates of growth for technical skills screening software market.
Major key players in the technical skills screening software market include VidCruiter, Pluralsight, Inc., TestDome, Codility, HackerEarth, eSkill, Devskiller, CodeGround, HireVue, Interact, QuodeIT, Interview Mocha, and Others.
Recent Development
- In February 2021, Pluralsight Skills inked to the launched Microsoft Viva, according to a statement released by Pluralsight, Inc., a technology workforce development company. Through this integration, Microsoft Teams users with an active Pluralsight Skills license can access Pluralsight's on-demand course materials.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the technical skills screening software market based on the below-mentioned segments:
Global Technical Skills Screening Software Market, By Product Type
- Cloud-Based
- Web-Based
Global Technical Skills Screening Software Market, By Application
- Large Enterprises
- SMEs
Global Technical Skills Screening Software Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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