Global Technical Skills Screening Software Market, By Product (Cloud-Based and Web-Based); By End-User (Small and Medium Enterprises SMEs, and Large Enterprises); By Region (North America, Europe, the Asia-Pacific, the Middle East & Africa, and Latin America)Trend Analysis, Competitive Market Share & Forecast, 2017-2027

Published:
June 2021
Report Code:
bwc20375
Available Format:
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Pages:
141

technical skills screening software market report

The Global Technical Skills Screening Software Market- Industry Trends & Forecast Report 2027

The global technical skills screening software market was worth USD 302.2 million in 2020, registering a CAGR of 6.1% during 2017-2020. The market is further expected to reach USD 482.5 million by 2027 at a CAGR of 7.1% during the forecast period (2021-2027). The global technical skills screening software market is anticipated to grow due to the growing information technology industry, implementation of advanced technologies such as AI (Artificial Intelligence), increased emphasis on data analytics, and the need to hire best-fit candidates at a high pace. Furthermore, coding skills tests, live video interviews, and challenges to evaluate the technical skills of candidates are also driving the growth of the market.



Source: BlueWeave Consulting

 

Global Technical Skills Screening Software Overview

Companies generally use technical skills assessment software to assess the technical abilities of skilled employees. Organizations use technical skills testing to conduct interviews for technical roles and assess candidates' technical skills, especially coding. These pre-employment screening tools typically include a range of coding languages, evaluations of varying complexity, and the ability to objectively rank each candidate's performance. Companies use these software systems to screen out unqualified candidates early in the recruiting process and improve hiring outcomes by identifying developers who can demonstrate that they have the requisite skills. Technical interviewers know what kind of expertise, skills, and personality a potential employee should possess; thus, they'll ask a series of questions to determine whether or not the applicant is a good fit for the company and the job.

Global Technical Skills Screening Software Market Trend

Growth Drivers

An Effective Method to Find Suitable Candidates

Any company's primary aim is to gather as much information as possible about the candidate they are recruiting. The exact and real information about the candidate is not obtained from resume and other interviews. Recruiters may use technological assessments to predict job performance in real-world scenarios involving technology. Instead of depending on untrustworthy resumes, the best online technical tests and screening approach could be a better option for a more efficient hiring process.

Finding a high-level candidate who fits into the company’s culture is not an easy task. Companies receive hundreds of applications, but they rarely have time to process them all, let alone interview those applicants.

Technical skills are crucial for recruiters. By implementing technical skills screening software, recruiters can receive a report about candidates' skills and choose whether or not they want to meet those candidates. These automated systems help companies identify the right candidate they are looking for. These are the major factors that are propelling the global technological skills screening software market forward.

Time-Saving and Cost-Effective Method

Recruiters often use employment training and pre-hire assessments to estimate work performance in real-world tech environments. Companies will learn to make better hiring decisions for developers if they have a better understanding of how an applicant is likely to function on the job.

One of the most common reasons businesses lose out on top talent is that they take too long to find the right person. Since the data generated by the technical skills screening software market is transparent, it's easy to compare data for a large number of applicants. Moreover, technical assessment helps in not only better hiring decisions but also faster decision-making.

The hiring process consumes both time, money, and resources. The number of times employees commit to the recruitment process is still a concern. The HR or the recruiter of a company is responsible for writing and posting job ads, promoting them, reviewing all resumes, conducting interviews, administering exams, and conducting background checks. As a result, the HR or recruiter’s work involved in this phase could take up to 30-40 hours. In order to save time and money, businesses need IT professionals who can choose only the best candidates and introduce them to the company. Thus, managers who don't want to spend time on ineffective candidates would greatly benefit from professional screening. The benefits offered by technical skills screening software are further driving the market growth.

Restraints

Reluctance to Use Technology

HR departments are increasingly incorporating new technologies. Nevertheless, there is an immense technological disparity between what is theoretically feasible and what is actually being used. Some of the most complex issues in the human resources sector are adapting to innovation and employee training and development. Human resources have always been about human relationships, and those in the field are less responsive to new technology than those in other areas of the business. Additionally, the sudden proliferation of a range of new technologies is exacerbating the issue. As a result, many HR practitioners are feeling frustrated as they are unable to implement new solutions.

Most of the HR technologies available on the market today are still organization-centric rather than employee-centric. While the HR department is often responsible for purchasing new technology, the end-users of these technologies are the employees. HR technology is often implemented without questioning how the users normally operate, how they benefit, or how they use the technology. The technological gap between HR and software has been hampering the market growth for the technical skills screening software market.

Impact of COVID-19

As soon as the World Health Organization (WHO) declared the novel coronavirus (COVID-19) to be a pandemic industry across sectors had to suffer a major setback. COVID-19 poses a significant threat to developing countries as a decline in the labor force has a negative effect on economies as well as livelihoods. Due to the high infection rate and negative impact on public health systems, various governments were forced to impose national lockdowns, which had a crucial impact on industrial supply chains, trade, and related programs. Despite the fact that the majority of industries have been affected by the coronavirus-induced lockdown, the demand for technical skills screening software is expected to increase during the forecast period.

Due to the pandemic, applicants were unable to travel to another city for interviews during the lockdown. Likewise, businesses found it difficult to conduct offline interviews to select the best candidate. Additionally, most IT companies closed their offices and announced work from home opportunities for employees to adhere to the strict lockdown guidelines issued by the government.

Companies that provide technical skills screening software saw the ongoing COVID-19 pandemic as a business opportunity to improve their technical skills screening software through acquisitions or updates to existing products.

Global Technical Skills Screening Software Market: By Product

Based on product type, the global technical skills screening market is segmented into cloud-based and web-based. The cloud-based segment accounted for the largest share in the market in 2020 and is expected to register the highest CAGR of 7.4% during the forecast period. Cloud-based software utilizes shared computing resources such as processing power, memory, and disk usage via the internet. Moreover, cloud-based products also provide users with access to Enterprise Resource Planning (ERP) software via the internet.



Source: BlueWeave Consulting

 

Global Technical Skills Screening Software Market: By End-User

Based on end-user, the global technical skills screening software market is segmented into small & medium enterprises and large enterprises. Large enterprises held 68.48% of the global technical skills screening software market in 2020 and are expected to hold 69.33% by 2027. Technical skills screening software can help reduce hiring time by filtering suitable candidates with the desired skill set. Companies such as Google, Apple, Microsoft, and others invest heavily in their recruitment processes in order to hire the best candidate for the job.

Global Technical Skills Screening Software Market: Regional Insights

The global technical skills screening software market is segmented into five regions— North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

North America had a 37.93% market share in 2020 and is expected to have a 37.22% market share in 2027.  This growth can be attributed to the fact that North America is home to some of the world's largest technology companies. Google, Microsoft, Apple, Tesla, Amazon, Walmart, FedEx, and many other big companies have headquarters in North America. According to the Office of the United States Trade Representative, United States is home to 30 million SMEs. Such a large number of SMEs account for nearly two-thirds of total private jobs generated in the United States in the last decade.



Competitive Landscape

Some of the key players in the global technical skills screening software market are TestDome, Codility, HackerRank, Devskiller, Criteria Corp, QuodeIT, VidCruiter, HireVue, iMocha, HackerEarth, VERVOE, TestGorilla, Coderbyte, CodinGame Inc., eSkill Corporation, Pluralsight, and other prominent players. The market players are increasingly engaging in acquisitions, alliances, and mergers in order to improve their production capacity, and product portfolio. These tactics have been serving as a catalyst for the market players to expand their sales and customer base.

Recent Development

·         In March 2021, Criteria announced the acquisition of Alcami Interactive, a video interviewing application based in Australia. There was a significant increase in demand for advanced video interviewing at the beginning of 2020, and Criteria offered Alcami's video interviewing service to approximately 4000+ customers through its application.

·         In March 2021, Vervoe launched the next version of its powerful program. Vervoe uses skills tests to simulate real-world activities and predict how well someone will perform a job. With the new select function, users can create a list of shortlisted candidates and compare them on a question-by-question level. This makes it significantly easier to compare candidates and understand who is the best fit for that organization.

 

Scope of the Report

Attribute

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product/Service Segmentation

By product, end-users, and region

Key Players

Some of the key players include TestDome, Codility, HackerRank, Devskiller, Criteria Corp, QuodeIT, VidCruiter, HireVue, iMocha, HackerEarth, VERVOE, TestGorilla, Coderbyte, CodinGame Inc., eSkill Corporation, Pluralsight, and other prominent players

 

 

By Product

Ø  Cloud-Based

Ø  Web-Based

By End-Users

Ø  SMEs

Ø  Large Enterprises

By Region

Ø  The Asia-Pacific

Ø  North America

Ø  Europe

Ø  The Middle East & Africa

Ø  Latin America

 

FAQs:

1.    What is the current size of the global technical skills screening software market?

Answer: The global technical skills screening software market has reached USD 302.2 million in 2020.

 

2.    What are the major factors driving the growth of the global technical skills screening software market?

Answer:  The major factors driving the growth of the global technical skills screening software market are the growing information technology industry, implementation of advanced technologies such as AI (Artificial Intelligence), increased emphasis on data analytics, and the need to hire best-fit candidates at a high pace.

3.    Who are the key players in the global Technical Skills Screening Software market?

Answer:  The key players in the global technical skills screening software market TestDome, Codility, HackerRank, Devskiller, Criteria Corp, QuodeIT, VidCruiter, HireVue, iMocha, HackerEarth, VERVOE, TestGorilla, Coderbyte, CodinGame Inc., eSkill Corporation, Pluralsight, and other prominent players.

4.    Which end-user accounted for the largest share in the global technical skills screening software market?

Answer: The large enterprises’ segment accounted for the largest share in the global technical skills screening software market.

5.    Which region is growing at a higher rate in the global technical skills screening software market?

Answer: North America is growing at a higher rate in the global technical skills screening software market.

 













COVID-19

We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at

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