Best Video Interviews Software for Your Business in 2023
The use of video interviews has been on the rise in the past few years, with more employers using this technology to conduct initial screenings of candidates. Video interviews are becoming increasingly popular for many reasons, including the cost-effectiveness of the technology and the convenience of being able to conduct interviews from anywhere.
The global market for video interview software is estimated to reach $1.6 billion by 2027, with a compound annual growth rate of 17.1% from 2020 to 2027. This growth is largely attributed to the increasing demand for video interviews due to the cost-effectiveness and convenience they offer.
The evolution of video interviews has been driven by the increasing availability of reliable and secure video conferencing services. Companies are now able to use video conferencing services such as Skype or Zoom to conduct interviews, which has made video interviews much more accessible and cost-effective. Additionally, employers are now able to utilize automated interview platforms to streamline the interview process, further reducing the time and cost associated with interviewing.