AI Recruitment Market to reach USD 1048.50 Bn by 2029, emerging at a CAGR of 6.8 percent and forecast 2023-2029

AI Recruitment Market Report Scope and Research Methodology

The report delves into the world of AI recruitment technology, which utilizes machine learning and problem-solving skills to streamline the responsibilities of an organization's recruitment department. This cutting-edge software possesses the capability to think, learn, and make judgments through artificial intelligence, simulating the process of resume evaluation. AI recruitment technology not only simplifies the analysis of online applications but also expedites the evaluation and hiring process, enabling businesses to allocate more time to critical tasks. It offers efficiency, reliability, and cost-effectiveness, handling tasks like sorting, verification, analysis, assessment, and application discovery with ease.

Maximize Market Research Pvt Ltd has employed a rigorous research methodology to compile this report, ensuring accuracy and reliability. The research includes extensive data collection, analysis, and interpretation, utilizing industry-leading techniques and tools.

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AI Recruitment Market Dynamics:

Rising demand for automated processes: Organizations are increasingly adopting AI recruitment technology for automated applicant screening and shortlisting, resulting in reduced human error and enhanced consistency.
Improved candidate communication: AI facilitates better communication during the recruitment process, handling tasks like interview scheduling, texting, feedback delivery, and personalizing messages based on applicant information.
Lack of human interaction: Candidates often prefer face-to-face interactions over automated responses, posing a challenge for AI recruitment technology.

AI Recruitment Market Regional Insights:

North America: Dominated the market in 2022 with a 37.2% share, driven by the adoption of advanced technology and the presence of established AI recruitment solution providers.

Asia Pacific: Expected to witness significant growth at a CAGR of 7.01% due to the emphasis on talent acquisition in countries like China, India, and Japan.

Europe: Experiencing growth as organizations in countries such as the UK, Spain, and Germany seek to streamline recruitment processes through AI technology.

Middle East, Africa, and South America: Anticipating steady growth driven by increased demand for AI recruitment technology and advancements in AI.

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AI Recruitment Market Segmentation:

The Enterprise segment led the AI Recruitment Market in 2022 with a 22% share, driven by the BFSI sector's increasing adoption of AI for talent acquisition.

The report aims to provide stakeholders in the industry with a comprehensive understanding of the global AI Recruitment Market, analyzing market dynamics, structure, and key players. It includes a detailed study of market leaders, followers, and new entrants, as well as a PORTER and PESTEL analysis with insights into micro-economic factors that may impact the market positively or negatively.

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:

1. SAP SE (Germany)
2. Zoho Corporation (India)
3. Google LLC (US)
4. IBM Corporation (US)
5. Oracle Corporation (US)
6. Automatic Data Processing, LCC (US)
7. Ultimate Software (US)
8. SmartRecruiters (US)
9. Jobvite (US)
10. CVViZ Softwares Pvt Ltd (India)
11. HireVue (US)
12. Textio (US)
13. Mya Systems, Inc. (US)
14. TalentMind (Singapore)
15. TalentRecruit (India)

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Table of content for the AI Recruitment Market includes:

1. Global AI Recruitment Market: Research Methodology

2. Global AI Recruitment Market: Executive Summary

• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

3.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


4 . Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Offerings:

• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from 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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