AI Interview Software Market Trends and Forecast
The future of the global AI interview software market looks promising with opportunities in the personal user and business user markets. The global AI interview software market is expected to reach an estimated $48.1 billion by 2030 with a CAGR of 24.3% from 2024 to 2030. The major drivers for this market are rising demand for efficient hiring processes, increases adoption of AI-driven virtual interview tools, and growing need for unbiased hiring practices.
• Lucintel forecasts that web-based is expected to witness higher growth over the forecast period.
• Within this market, personal user is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Interview Software Market
• United States: HireVue introduced AI-driven video interview analytics to enhance candidate evaluation. The initiative aligns with government guidelines promoting fair and unbiased hiring practices.
• United Kingdom: Pymetrics launched AI-based interview software focused on behavioral analysis, supported by government initiatives to boost AI adoption in HR tech.
• India: Talview expanded its AI interview platform to support multilingual capabilities, targeting the diverse Indian job market and aligning with government digital transformation efforts.
• Australia: Xref announced AI-powered reference checking tools to streamline recruitment, supported by government funding for innovation in HR technologies.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Interview Software Market by Segment
The study includes a forecast for the global AI interview software market by type, application, and region.
AI Interview Software Market by Type [Value from 2018 to 2030]:
• Web-based
• Cloud-based
AI Interview Software Market by Application [Value from 2018 to 2030]:
• Personal User
• Business Users
• Others
AI Interview Software Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Interview Software Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI interview software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI interview software companies profiled in this report include-
• Interviewer.AI
• Hire Vue
• Hina
• DEEPROVE
• TongdaoLiepin Group
• Curious Thing
• My Interview
• VidCruiter
• Aspiring Minds
• Gecko.ai
Recent Development in the AI Interview Software Market
• HireVue: HireVue has enhanced its AI-driven video interview platform with advanced analytics to improve candidate evaluation. Their AI models analyze verbal and non-verbal cues to provide a comprehensive assessment of candidate suitability. This initiative aligns with the need for more efficient and unbiased hiring processes, helping companies make better-informed decisions.
• Pymetrics: Pymetrics has launched AI-based interview software focused on behavioral analysis. Their platform uses neuroscience-based games and AI to evaluate candidatesÄX%$%X cognitive and emotional attributes. Supported by government initiatives to boost AI adoption in HR tech, Pymetrics aims to provide a fairer, data-driven approach to hiring by reducing human bias and improving the match between candidates and roles.
• Talview: Talview has expanded its AI interview platform to include multilingual capabilities, catering to the diverse Indian job market. The platform utilizes AI to conduct video interviews, assess candidates, and provide instant feedback. This initiative supports IndiaÄX%$%Xs digital transformation efforts and aims to enhance recruitment efficiency and accessibility across different languages and regions.
• Xref: Xref has introduced AI-powered reference checking tools to streamline the recruitment process. Their software automates the reference checking process, providing detailed candidate insights and reducing time-to-hire. Supported by government funding for innovation in HR technologies, Xref aims to enhance the reliability and efficiency of hiring practices, ensuring organizations can make better-informed decisions with confidence.
• Modern Hire: Modern Hire has integrated AI and machine learning into their hiring platform to offer a seamless end-to-end hiring experience. Their tools include AI-driven assessments, video interviews, and predictive analytics to identify top talent. This initiative focuses on improving candidate experience and hiring efficiency, enabling companies to make data-backed hiring decisions while ensuring a fair and transparent process.
Features of the Global AI Interview Software Market
Market Size Estimates: AI interview software market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI interview software market size by type, application, and region in terms of value ($B).
Regional Analysis: AI interview software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI interview software market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI interview software market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the AI interview software market size?
Answer: The global AI interview software market is expected to reach an estimated $48.1 billion by 2030.
Q2. What is the growth forecast for AI interview software market?
Answer: The global AI interview software market is expected to grow with a CAGR of 24.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the AI interview software market?
Answer: The major drivers for this market are rising demand for efficient hiring processes, increases adoption of AI-driven virtual interview tools, and growing need for unbiased hiring practices.
Q4. What are the major segments for AI interview software market?
Answer: The future of the AI interview software market looks promising with opportunities in the personal user and business user markets.
Q5. Who are the key AI interview software market companies?
Answer: Some of the key AI interview software companies are as follows:
• Interviewer.AI
• Hire Vue
• Hina
• DEEPROVE
• TongdaoLiepin Group
• Curious Thing
• My Interview
• VidCruiter
• Aspiring Minds
• Gecko.ai
Q6. Which AI interview software market segment will be the largest in future?
Answer: Lucintel forecasts that web-based is expected to witness higher growth over the forecast period.
Q7. In AI interview software market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI interview software market by type (web-based and cloud-based), application (personal user, business users, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Interview Software Market, AI Interview Software Market Size, AI Interview Software Market Growth, AI Interview Software Market Analysis, AI Interview Software Market Report, AI Interview Software Market Share, AI Interview Software Market Trends, AI Interview Software Market Forecast, AI Interview Software Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.