AI Recruitment Market to hit USD981.74 Mn by 2029 at a CAGR of 6.8 percent

Pune 06 March 2023: The "AI Recruitment Market" was USD619.44 Mn in 2021 and is expected to grow at a CAGR of 6.8 percent to reach USD981.74 Mn by 2029 during the forecast period. The AI Recruitment Market report is published by Maximize Market Research available in the market. It has got clients in Information Technology & Telecommunication segment in more than 34 countries.

AI Recruitment Market Scope and Research Methodology

The AI Recruitment Market report provides a comprehensive analysis of the global market for AI-powered recruitment tools and services. The AI Recruitment Market report covers the current market size, growth potential, and trends in the industry. It includes an overview of the market, AI Recruitment Market segmentation by type, application, and geography, and a detailed analysis of the key players operating in the market such as SAP SE, Google LLC, IBM Corporation and Oracle Corporation. The AI Recruitment Market report also provides insights into the competitive landscape of the market, including market share analysis and company profiles. The AI Recruitment Market examines the various factors driving the growth of the market, as well as the challenges faced by the industry. The AI Recruitment Market report includes a forecast for the market growth over the next five years, based on historical data and industry trends. Overall, the AI Recruitment Market report provides valuable insights for investors, stakeholders, and decision-makers in the AI recruitment market. Primary and secondary research methods were used to collect data. Collected data is further analysed by tools such as PORTER's five force model and PESTLE analysis.

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AI Recruitment Market Dynamics

AI recruitment tools can help streamline the recruitment process by automating repetitive tasks, such as screening resumes and scheduling interviews. This led to the more efficient and effective recruitment processes which is expected to increase the demand for AI Recruitment Market. AI-powered recruitment tools are useful in finding better candidate fit and higher retention rates, which can ultimately lead to increased productivity and profitability. These factors are expected to propel the AI Recruitment Market growth. AI algorithms are only as unbiased as the data they are trained on, and if that data is biased or incomplete, it can lead to biased recruitment practices. This is expected to hinder the growth of the AI Recruitment Market.

AI Recruitment Market Regional Insights

North America held the largest share of the AI Recruitment Market with 37.2 percent since the United States adopted cutting-edge technology such as artificial intelligence and machine learning. The factors such as developed economy of US and Canad, established network infrastructure and availability of skilled professionals driving the North America AI Recruitment Market.

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The AI Recruitment Market growth is expected to follow by Asia Pacific at a CAGR of 7.01 percent throughout the forecast period. Since the use of cloud-based services is increasing, and national government measures to promote digitalization have raised the demand for AI recruitment technology Market.

AI Recruitment Market Segmentation

By End-users:

Retail and ecommerce
Banking, financial and insurance
Healthcare
Hospitality
Energy
Government
Enterprise
Manufacturing

By Product:

Solution
Services

By Application:

Process automation
Campaigning
Candidate screening
Candidate communication

AI Recruitment Market Key Players Include:

SAP SE (Germany)
Zoho Corporation (India)
Google LLC (US)
IBM Corporation (US)
Oracle Corporation (US)
Automatic Data Processing, LCC (US)
Ultimate Software (US)
SmartRecruiters (US)
Jobvite (US)
CVViZ Softwares Pvt Ltd (India)
HireVue (US)
Textio (US)
Mya Systems, Inc. (US)
TalentMind (Singapore)
TalentRecruit (India)

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Table of Content for Global AI Recruitment Market:

Global Market: Research Methodology
Global AI Recruitment Market : Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global AI Recruitment Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global AI Recruitment Market Segmentation
Global Market, by End-users (2021-2029)
Global Market, by Product (2021-2029)
Global Market, by Application (2021-2029)

Regional AI Recruitment Market (2021-2029)
Regional Market, by End-users (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)

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Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by End-users, Product, Application
Competitive Landscape - Profiles of selected key players by region in a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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