Pre-employment Testing Software Market Size, Share, Trends, Growth and Forecast 2032

Pre-employment Testing Software Market Insights

According to a report from Zion Market Research, the global Pre-employment Testing Software Market was valued at USD 11.92 Billion in 2023 and is projected to hit USD 22.82 Billion by 2032, with a compound annual growth rate (CAGR) of 7.48% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Pre-employment Testing Software industry over the next decade.

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Global Pre-employment Testing Software Market Overview

The report encompasses the forecast as well as an analysis of the pre-employment testing software market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the pre-employment testing software market report.

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Key Insights from Primary Research

• As per our primary respondents, the global pre-employment testing software market is set to grow annually at a rate of around 8%
• It was established through primary research that the pre-employment testing software market was valued at around USD 1,300 Million in 2019
• North America is currently holding the largest revenue share among all the regions and is further expected to maintain its position throughout the forecast period
• The “Cloud-based” category, on the basis of product segmentation, was the leading revenue-generating category accounting for around 75% share, in 2019
• PC terminal segment accounted for more than USD 1 Billion revenue in 2019
• On the basis of end-user segmentation, the “IT” industry segment held the leading share at more than 60%, in 2019

Key Recommendations from Analysts

• As per our analysts, the global pre-employment testing software market is in its nascent stage and the market has tremendous potential to grow significantly over the forecast period.
• The competitive advantage provided by the deployment of cloud-based segment is anticipated to be the key factor driving this market globally
• Our team of analysts has identified, finance industry as the fastest growing end-user offering substantial potential opportunities for the players operating in this market space
• In recent years, cloud-based solutions are growing rapidly, and this type of solutions is replacing the traditional on-premise type of solutions. The cloud-based solutions segment is expected to grow with a CAGR more than 9% in the forecast period.

We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the pre-employment testing software market in our study.

The study provides a decisive view of the pre-employment testing software market by segmenting the market based on product, deployment, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Pre-employment Testing Software Market: Report Scope

Report Statistics Analysis Summary

Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.

The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the pre-employment testing software market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the pre-employment testing software market. 

The market for pre-employment testing software is highly fragmented with numerous players participating in providing pre-hire assessment solutions in the global world. The market is growing with a healthy rate owing to various factors that include widespread research and development activities, increasing interest of large technology companies in the industry developments and an optimistic investment landscape. The recruiter uses video calls to complete interviews from their convenient location and VR technology is used to judge a candidate’s cognitive skills.

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The pre-employment testing software market is segmented based on product, deployment, and end-user. On the basis of the product, the market is divided into PC terminal and mobile terminal. Further, deployment modes used for the pre-employment testing software are cloud-based and on-premise. The cloud-based segment is dominating the deployment mode segment and is expected to continue the trend during the forecast period. The end-user segment is classified into financial, information technology, education, and others. The information technology end user segment valued at around USD 840.2 Million in the year 2019. Educational institutions that range from K-12 schools to colleges and universities use pre-employment tests to streamline and improve their hiring strategies and efficiencies.

Key players operating in the pre-employment testing software industry 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
• IBM.

This report segments the pre-employment testing software market as follows:

Global Pre-employment Testing Software Market: By Product Segment Analysis

• PC Terminal
• Mobile Terminal

Global Pre-employment Testing Software Market: By Deployment Segment Analysis

• Cloud-Based
• On-Premise

Global Pre-employment Testing Software Market: By End User Segment Analysis

• Financial
• Information Technology
• Education
• Others

Global Pre-employment Testing Software Market: Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-East Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• The Middle-East and Africa
  • GCC Countries
  • South Africa
  • Rest of Middle-East Africa

Key Pointers Addressed by the Report

• Historical data and forecast analysis of the market
• Drivers and Restraints affecting market dynamics
• Exhaustive analysis about the future market trends
• Comprehensive information about the leading market segments and regions
• Potential opportunities for the players in the market
• Business strategies by the major players operating in the global market
• Strategic developments made by the competitive players and in-depth analysis about its impact on market growth