AI Recruitment Market May See Exponential Growth by 2020-2025 | Major Giants Google, HireVue, Textio

A Qualitative Research Study accomplished by HTF MI Title on 'Global AI Recruitment Market Insights by Application, Product Type, Future Scope, Competitive Landscape & Regional Forecast 2020-2025' guarantees you will remain better informed than your competition. The study covers geographic analysis that includes regions like GCC, Australia, LATAM, North America, Europe, United State or Asia and important players/vendors such as Google, IBM Corporation, Oracle Corporation, Automatic Data Processing LCC, Ultimate Software, SmartRecruiters, Jobvite, CVViZ Softwares Pvt Ltd, SAP SE, Zoho Corporation, HireVue, Textio, Mya Systems, Talentrecruit and TalentMind With n-number of tables and figures examining the AI Recruitment Market, the research gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025

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Summary

AI Recruitment Market Definition

AI for recruiting is the application of machine learning abilities, such as learning or problem-solving, to the recruitment function. AI for resume screening replicates the way a human evaluates a resume and can assign a score to each candidate based on this objective analysis. AI for recruiting becomes increasingly valuable as the technology learns what top candidates look like at each individual organization. AI for recruiting also offers the ability to "rediscover" candidates. Large retailers are sitting on top of a goldmine of interested candidates. According to a survey of talent acquisition leaders, 56% say their hiring volume will increase this year, but 66% of recruiting teams will either stay the same size or contract. Their success will depend on intelligently automating some parts of their workflow. According to an estimate by CB Insights, approximately, more than USD 6bn has been invested into more than 1,000 AI start-ups globally in the past 3 years. AI tools are expected to create value to the tune of USD 3tn by 2021.
Understand focused approach and business strategies that competitors are keeping to reach target audience, Get one step closer to leaders and high growth emerging players of AI Recruitment Market.

The market study is broken down by Type (Candidate Discovery, Candidate Relationship Management, Job Market Forecasting, Ad Automation, Candidate Assessments and Others) and major geographies with country level splits.

Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global AI Recruitment market throughout the predicted period.

Google LLC (United States), IBM Corporation (United States), Oracle Corporation (United States), Automatic Data Processing LCC (United States), Ultimate Software (United States), SmartRecruiters (United States), Jobvite (United States), CVViZ Softwares Pvt Ltd (India), SAP SE (Germany) and Zoho Corporation (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are HireVue (United States), Textio (United States), Mya Systems Inc. (United States), Talentrecruit (India) and TalentMind (Singapore).

Segmentation Overview

Advance Market Analytics has segmented the market of Global AI Recruitment market by Type, Application and Region.

On the basis of geography, the market of AI Recruitment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User Industry, the sub-segment i.e. IT and Telecommunication will boost the AI Recruitment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Market Leaders and their expansionary development strategies

On 25th September 2019, McDonald's has announced a new initiative the fast-food chain is calling the "Apply Thru," in which owners of Amazon Alexa or Google Assistant devices can begin job applications using standard "Alexa" and "Ok Google" voice commands.
On 17th September 2019, Oracle has announced the availability of its AI-trained voice with Oracle Digital Assistant. Now, enterprise customers can use voice commands to communicate with their enterprise applications to drive desired actions and outcomes, enriching the user experience with conversational AI, simplifying interactions and improving productivity.

Market Trend
Increased Use of Automation to Offload Administrative Tasks
Chatbots in the Pre-application Process

Market Drivers
Rising Demand due to Time Saving Services
High Demand due to Improving the Quality of Hire Through Standardized Job Matching

Opportunities
Leveraging Predictive Algorithms and Machine Learning to Assess Candidates'
Personality Traits
Growing Demand for Automated Social Media Scraping Tools

Restraints
A Lot of Data is Required
Difficulty in Dealing with Human Beings
Challenges
Lack of Human Touch

Analyst View

According to the analysis, implementing Artificial Intelligence, recruiters and hiring managers can gauge problem-solving skills and teamwork capabilities in real-time. The intent is to learn more about candidates by developing their learning and critical thinking skills. It can be said that AI is definitely going to be the next big thing in recruitment and it is all set to redefine the overall process of recruitment in the coming future.

Key Target Audience

AI Recruitment Providers, Government Regulatory Bodies, Government Research Organizations, Private Reaserch Orgnizations and Others

About Approach

The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Customization available in this Study:

The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase

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Strategic Points Covered in Table of Content of AI Recruitment Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the AI Recruitmentmarket. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic inform

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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".

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