Press release
AI Recruitment Market Grow At A CAGR Of 6.8 % Through The Forecast Period
AI Recruitment Market was valued at US$ 619.44 Mn. in 2021. Global AI Recruitment Market size is expected to grow at a CAGR of 6.8 % through the forecast period.The newest market concepts are described in the AI Recruitment research report 2023. Managers, industry experts, analysts, and other key professionals can use this research paper as a convenient resource to thoroughly assess the study of the market shown in graphs and figures. It contains important and useful information, such as financial tactics, uses, and projections for growth, development, and advancement. The paper also provides information on researching unimportant trends and determining the market's potential for growth.
An business can track and manage recruitment electronically with the aid of recruitment software. Artificial intelligence recruiting technology makes use of machine learning and problem-solving skills. It is a modern programme that may be used for certain recruitment-related tasks in any company. The system benefits from artificial intelligence when it comes to thinking, learning, and making judgements. The software simulates the process of reviewing resumes. Systems can already analyze resumes the same way humans do thanks to AI.
Based on the information, a resume can receive a score. An AI recruitment programme would be beneficial for any organisation. Online application analysis is made simple thanks to this technology. There are several employment vacancies at large corporations. The quantity of recruits for a position is also important. Testing this application with human hands takes time. Yet, AI recruitment technology enables quick screening and hiring. It is a technology that aids organisations in time management so they may concentrate on more significant tasks. In terms of cost, effectiveness, and dependability, hiring AI costs more. Sorting, verifying, analysing, rating, and searching for apps is a cinch thanks to this technology.
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Global AI Recruitment Market: Segmentations
Global AI Recruitment Market: Major Players
Textio
Mya Systems Inc.
Talentrecruit
IBM Corporation
SmartRecruiters
HireVue
Ultimate Software
TalentMind
Google LLC
Jobvite
Automatic Data Processing LCC
SAP SE
Zoho Corporation
CVViZ Softwares Pvt Ltd
Oracle Corporation
Global AI Recruitment Market: By Types
Candidate Discovery
Candidate Relationship Management
Job Market Forecasting
Ad Automation
Candidate Assessments
Others
Global AI Recruitment Market: By Applications
IT and Telecommunication
Healthcare
Education
Others
Global AI Recruitment Market: Regional Analysis
The countries covered in the regional analysis of the Global AI Recruitment market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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The application, deployment, organisation size, location, vertical, and component categories have been established for the worldwide AI recruiting market. There are two segments of the AI recruitment market: software and services. According to organisation size, the market is further split into major companies and SMEs. The deployment category, which is further separated into on-premise and on-cloud, is another section used to analyse the global market for AI recruiting. Applications including ad automation, applicant assessments, candidate finding, candidate relationship management, job market forecasts, resume filtering, and others make up the AI recruitment market. The market is additionally split into BFSI, commercial, education, healthcare, IT and communications, government, and other segments.
Also, new technologies are being created to improve the capabilities of AI recruiting, such as computer programmes or techniques that collect valuable candidate databases and aid recruiters in making data-driven judgements utilizing predictive analytics. These AI-powered systems work in conjunction with the current HR software. The global AI recruitment market has been impacted by the product growth strategies of recruitment technology providers, and these strategies also present potential for future growth.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
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