Technical Skills Screening Software Market Report: Trends, Forecast and Competitive Analysis to 2030

Technical Skills Screening Software Trends and Forecast

The future of the global technical skills screening software market looks promising with opportunities in the large enterprise, and small and medium enterprise markets. The global technical skills screening software market is expected to grow with a CAGR of 6.4% from 2024 to 2030. The major drivers for this market are significantly growing IT industry, rising emphasis on data analytics, and technological advancements contribute to the enhanced efficiency of this software.

A more than 150-page report is developed to help in your business decisions.

Technical Skills Screening Software by Segment

The study includes a forecast for the global technical skills screening software by product, application, and region.

Technical Skills Screening Software Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Cloud-Based
• Web-Based

Technical Skills Screening Software Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Large Enterprises
• SMEs

Technical Skills Screening Software Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Technical Skills Screening 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 technical skills screening software companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the technical skills screening software companies profiled in this report include-

• Hackerrank
• Codility
• Interview Mocha
• Eskill
• Testdome
• Devskiller
• Hirevue

Technical Skills Screening Software Market Insights

Lucintel forecasts that cloud-based will remain the larger segment over the forecast period due to its flexibility, affordability, and efficiency.

Within this market, large enterprise will remain the larger segment due to rising demand for this software and its affordability.

North America will remain the largest region over the forecast period due to rise in demand for cloud-based services.

Features of the Global Technical Skills Screening Software Market

Market Size Estimates: Technical skills screening 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: Technical skills screening software market size by product, application, and region in terms of value ($B).

Regional Analysis: Technical skills screening software market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the technical skills screening software market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the technical skills screening software market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for technical skills screening software market?

Answer: The global technical skills screening software market is expected to grow with a CAGR of 6.4% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the technical skills screening software market?

Answer: The major drivers for this market are significantly growing IT industry, rising emphasis on data analytics, and technological advancements contribute to the enhanced efficiency of this software.

Q3. What are the major segments for technical skills screening software market?

Answer: The future of the global technical skills screening software market looks promising with opportunities in the large enterprise, and small and medium enterprise markets.

Q4. Who are the key technical skills screening software market companies?

Answer: Some of the key technical skills screening software companies are as follows.

• Hackerrank
• Codility
• Interview Mocha
• Eskill
• Testdome
• Devskiller
• Hirevue

Q5. Which technical skills screening software market segment will be the largest in future?

Answer: Lucintel forecasts that cloud-based will remain the larger segment over the forecast period due to its flexibility, affordability, and efficiency.

Q6. In technical skills screening software market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rise in demand for cloud-based services.

Q7. 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 technical skills screening software market by product (cloud-based and web-based), application (large enterprises and SMEs), 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?