AI Recruitment Market is Booming Worldwide with Google, IBM, Oracle

Advance Market Analytics published a new research publication on “AI Recruitment Market Insights, to 2026” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the AI Recruitment market was mainly driven by the increasing R&D spending across the world.

Some of the key players profiled in the study are:
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), Zoho Corporation (India),

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Scope of the Report of AI Recruitment:
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.

The titled segments and sub-section of the market are illuminated below:
by Type (Candidate Discovery, Candidate Relationship Management, Job Market Forecasting, Ad Automation, Candidate Assessments, Others), End User Industry (IT and Telecommunication, Retail, Healthcare, Education, Others)

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

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

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

Challenges:
Lack of Human Touch

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global AI Recruitment Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the AI Recruitment market
Chapter 2: Exclusive Summary – the basic information of the AI Recruitment Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the AI Recruitment
Chapter 4: Presenting the AI Recruitment Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the AI Recruitment market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2026)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
finally, AI Recruitment Market is a valuable source of guidance for individuals and companies.

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