Global Pre-Employment Testing Software Market, By Product (P.C. Terminal, Mobile Terminal), Deployment (Cloud-Based, On-Premise), End Users (Financial, Information Technology, Education, Others) – Industry Trends and Forecast to 2030.
Pre-Employment Testing Software Market Analysis and Size
The global pre-employment market is a rapidly growing market during the forecast period because of various factors such as government efforts, the prevention of terrorist activities, and increased security concerns among organizations and businesses. Employers often use pre-employment testing software to evaluate the knowledge and skills of candidates who apply for the jobs. Furthermore, the growing adoption of cloud-based testing platforms and the increasing need for fraud prevention across various industries increase the demand for more advanced pre-employment testing software, which will positively enhance the market growth.
Data Bridge Market Research analyses that the pre-employment testing software market is expected to reach USD 3.79 billion by 2030, which was USD 1.69 billion in 2022, at a CAGR of 10.60% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Pre-Employment Testing Software Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product (P.C. Terminal, Mobile Terminal), Deployment (Cloud-Based, On-Premise), End Users (Financial, Information Technology, Education, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Criteria Corp (U.S.), DevSkiller (Poland), eSkill Corporation (U.K.), GoodHire (U.S.), Harver B.V. (U.S.), HR Avatar, Inc. (U.S.), IBM (U.S.), iMocha (U.S.), Paycom Payroll LLC (U.S.), Stang Decision Systems (U.S.), Symphony Talent, LLC. (U.S.), The Assessment Company (U.S.), HireTalent (U.S.), Wonderlic (U.S.), Frontline Systems, Inc. (U.S.)
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Market Opportunities
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Market Definition
Pre-employment testing software is the software that helps to test the knowledge of the person before hiring them in a company. Pre-employment testing software helps to save money and time from training people who are not capable enough for the job. This also aids in reducing incidences where new hires will quickly leave their jobs after finding out they can't do it effectively due to a lack of experience or skills in certain areas.
Global Pre-Employment Testing Software Market
Drivers
- Increasing demand for pre-employment testing software in large enterprises
Large enterprises have above 1000 employees on their payrolls at any certain time. Thus, they require many human resource employees who can look after different functions such as training, recruitment, and many others. Pre-employment screening aids in reducing risks related to hiring new staff members because it confirms that good workers without bad records come into their organization. In contrast, people with criminal records or other offenses are not allowed into the company's premises. Therefore, increasing demand for pre-employment testing software in large enterprises is expected to hamper the market growth during the forecast period.
- Rising demand for web-based pre-employment testing software
Increasing demand for web-based pre-employment testing software will likely boost the market's growth. Web-based pre-employment testing software assesses psychomotor, behavioral, cognitive, or other personal characteristics required in a particular job role. This technology provides managers with appropriate data on many candidates at a minimum expense than traditional methods, such as assessments and interviews by trained psychologists.
Opportunities
- Growing need for transparency and efficiency in the hiring process
The need for transparency and efficiency in the hiring process is on the growth in the forecast period, owing to human behavior and cultural trends and making employees more transparent than non-transparent companies. This will likely create ample opportunities for market growth. Furthermore, organizations that offer applicants visibility into hiring have a major advantage over their competitors because 35 percent of well-informed candidates are less expected to be dissatisfied with their experience. Therefore, it also helps businesses to attract more talented workers.
- Expansion of the corporate market widens the market scope
The growth and expansion of the online corporate assessment market are anticipated to be compelled by an increasing focus on evaluating the applicant on different parameters. Furthermore, increasing technological developments and a rising focus on efficiencies and costs associated with the recruitment process will likely create lucrative opportunities for the growth of pre-employment testing software during the forecast period.
Restraints
- Growing concerns regarding cyber attacks
Growing chances of cyber-attacks such as ransomware, viruses, distributed denial-of-service (DDoS), and corporate account takeover (CATO) are major factors affecting the sales of pre-employment testing software and hampering the market growth. Furthermore, budgetary allocation reliability and consistency concerns may create difficulties for the market's growth in the upcoming period.
This pre-employment testing software market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the pre-employment testing software market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pre-Employment Testing Software Market Scope
The pre-employment testing software market is segmented on the basis of product, deployment, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- P.C. Terminal
- Mobile Terminal
Deployment
- Cloud-Based
- On-Premise
End Users
- Financial
- Information Technology
- Education
- Others
Pre-Employment Testing Software Market Regional Analysis/Insights
The pre-employment testing software market is analyzed and market size insights and trends are provided by country, product, deployment and end users as referenced above.
The countries covered in the pre-employment testing software market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the pre-employment testing software market because of the rising number of research activities in this region. Furthermore, increasing the adoption of innovative technologies such as cloud-based solutions and augmented demand from SMEs to lessen operating costs will further boost the market growth in this region.
Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period of 2023-2030 because of the fast growth and expansion of industries in this region. Furthermore, in the evolving economies of the Asia-Pacific region, mass hiring and employment take place; therefore, to ease out this process, deployed pre-employment testing software will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Pre-Employment Testing Software Market Share Analysis
The pre-employment testing software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to pre-employment testing software market.
Some of the major players operating in the pre-employment testing software market are:
- Criteria Corp (U.S.)
- DevSkiller (Poland)
- eSkill Corporation (U.K.)
- GoodHire (U.S.)
- Harver B.V. (U.S.)
- HR Avatar, Inc. (U.S.)
- IBM (U.S.)
- iMocha (U.S.)
- Paycom Payroll LLC (U.S.)
- Stang Decision Systems (U.S.)
- Symphony Talent, LLC. (U.S.)
- The Assessment Company (U.S.)
- HireTalent (U.S.)
- Wonderlic (U.S.)
- Frontline Systems, Inc. (U.S.)
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