Pre-employment Testing Software Market is segmented By Product (PC Terminal and Mobile Terminal), By Deployment (On-Premises and Cloud), and By End-User (Financial, Information Technology, Education, and Others) and Region (United States, Canada, Mexico, South America, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, South Africa, Rest of World)
Pre-employment Testing Software Market size was estimated at $1,319.2 million in 2020 and is expected to reach $2,275.2 million by 2028, growing at a CAGR of 8.1% during the forecast period of 2021 to 2028.
Pre-employment testing software is often referred to as hiring assessment software or job placement testing software, and its purpose is to screen applicants through assessments. These assessments could be used to determine a candidates learning quotient, IQ, aptitude, technical skills, or something even more particular to the job position.
Companies utilize pre-employment testing software to evaluate candidates for specific roles. This program assists businesses in analyzing applicants based on a variety of criteria. The need for pre-employment testing software is expanding as there is a greater emphasis on hiring the best applicant and streamlining the recruiting process. The industry for pre-employment testing software is quite fragmented, with a significant number of players present.
Using pre-employment testing software significantly saves recruitment costs and hiring time. Before hiring the applicants in person, screening out hundreds of applications that are not qualified for the position can be done. Online pre-employment testing programs are the most effective way to assess an applicants eligibility. It facilitates rapidly finding and filters the best-fit applicants using the rating and evaluation report. Automate the evaluation process and save time on time-consuming procedures. It may save up to 90% of the time spent reading resumes and conducting interviews.
When paper files amass over time, they demand a significant amount of storage space. The specifics of electronically administered pre-employment examinations, as well as the results, are stored in the cloud. On the PCs, people may keep all applicant information, exams, test banks, and assessment results. Discrimination on any basis is frowned upon in an environment of equal opportunity. Good companies try to recruit entirely based on merit.
Pre-employment Testing Software Market Growth and Trend
Increased emphasis on recruiting process efficiency, educated hiring judgments, and the convenience of performing mass recruiting are some of the important aspects driving the pre-employment testing software markets rise. The growing preference for mobile workforces, the implementation of pre-employment testing software by small and medium enterprises and large businesses, the incorporation of machine learning and artificial intelligence, data analysis, and the prevalence of technical skill and knowledge sets are all expected to boost the expansion of the pre-employment testing software market. On the other hand, increased automation in human resource management would stimulate further opportunities, resulting in the rise of the pre-employment testing software market throughout the projection period. However, the expensive cost of this software may hinder the markets growth. The rising need for analytics in pre-employment testing software presents a profitable potential for industry players to establish a strong market position.
Pre-employment Testing Software Market Segmentation
The pre-employment testing software market is segmented by product, deployment, and end-user. Based on product, the market consists of PC terminal and mobile terminal. Based on deployment, the market is segmented into on-premises and cloud-based system. Based on end-user, the market is divided into financial, information technology, education, and others.
Pre-employment Testing Software Market Country Analysis
North America will continue to lead the pre-employment testing software market, owing to the regions expanding research activity. Europe is expected to maintain a sizable market share during the projection period, owing to its high demand for cloud-based services. Additionally, there is a desire for software that is used to analyze staff, which might increase demand for this market. The Asia Pacific market is expected to expand substantially in the next few years as a result of the regions growing industrialization. In the emerging economies of the Asia Pacific area, mass hiring and employment occur; hence, pre-employment software is implemented to facilitate this process.
Pre-employment Testing Software Market Share and Competition
The major players operating in the global pre-employment testing software market are Berke, Wonderlic, Inc., GoodHire, Criteria Corp, PAIRIN, eSkill Corporation, The Hire Talent, HR Avatar, Stang Decision Systems, Jobmatch, RIVS, Prevue HR, The Assessment Company, Frontline Education, Symphony Talent LLC, and IBM.
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Industry Segmentation and Revenue Breakdown
Product Analysis (Revenue, USD Million, 2021 - 2028)
• PC Terminal
• Mobile Terminal
Deployment Analysis (Revenue, USD Million, 2021 - 2028)
End-User Analysis (Revenue, USD Million, 2021 - 2028)
• Information Technology
Region Analysis (Revenue, USD Million, 2021 – 2028)
• North America
o United States
• South America
o United Kingdom
• Asia Pacific
o South Korea
• Middle East
o GCC C ountries
o South Korea
• South Africa
• Rest of World
Pre-employment Testing Software Market Companies
• Wonderlic, Inc.
• Criteria Corp
• eSkill Corporation
• The Hire Talent
• HR Avatar
• Stang Decision Systems
• Prevue HR
• The Assessment Company
• Frontline Education
• Symphony Talent LLC
• United States Pre-employment Testing Software Industry Research Report
• Europe Pre-employment Testing Software Industry Research Report
• Asia Pacific Pre-employment Testing Software Industry Research Report
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