The global demand for Virtual Hiring Tools Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Virtual hiring tools are a set of software solutions used to hire candidates remotely, without face-to-face interactions between recruiters and candidates. It enables business organizations to use the online ecosystem to conduct talent recruitment and management by eliminating locational restraints seamlessly. These tools follow the same approach as a traditional hiring process from sourcing to onboarding with the added benefits of speed and scale. These tools enable recruiters to screen more candidates in a shorter time frame. Some of the essential tools include applicant tracking systems (ATS), employee onboarding solutions, text engagement software, recruitment marketing software, virtual career fair tools, and AI-enabled recruiting solutions.
Market Dynamics
The unprecedented challenge posted by the ongoing COVID-19 pandemic on the recruiting teams across the globe is the main driving force behind the market's growth. Virtual recruiting tools are becoming more popular among various industries since virtual recruiters can reach more candidates globally. With the rapid proliferation of the internet, these tools enable access to a global talent pool and efficiently recruit people from different parts of the world. These virtual hiring solutions are being extensively used to conduct campus hiring of fresh talent. With the growing advancements in the global software market, these tools will provide a cheaper, faster, and more efficient hiring process for years to come. The main challenge faced by the market is the inability to gauge a culture fit of the candidate.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of virtual hiring tools. The growth and trends of virtual hiring tools industry provide a holistic approach to this study.
Market Segmentation
This section of the virtual hiring tools market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Industry
- BFSI
- Retail
- Government and Public Sector
- Manufacturing
- Healthcare
- Education
- Energy and Utilities
- Others
By Deployment Mode
By Component
By Enterprise Size
- Small & Medium Enterprise
- Large Enterprise
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Virtual Hiring Tools market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Virtual Hiring Tools Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the virtual hiring tools market include AllyO, Harver B.V., Myinterview Solutions Pty Ltd., RecRight, Spark Hire, VidCruiter, XOR, Bullhorn, Inc., ClearCompany, Cornerstone, CVViZ Softwares Pvt Ltd, Greenhouse Software, Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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