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AI Recruitment Market Business Opportunities Will Increase to USD 1119.80 Million by 2030

12-06-2024 06:08 PM CET | IT, New Media & Software

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

AI Recruitment Market

AI Recruitment Market

The ๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ valued at USD 661.56 Mn. in 2023, is projected expect significant growth, with the market size estimated to reach USD 1119.80 Mn. by 2030, exhibiting a robust CAGR of 6.8% over the forecast period.

๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The AI recruitment market is transforming the hiring landscape with advanced technologies that mimic human judgment in resume evaluation and candidate selection. AI-driven systems streamline recruitment by automating tasks like application screening, resume analysis, and candidate ranking. These solutions are designed to manage large volumes of applications efficiently, reducing the time and resources required for hiring while enhancing accuracy. By integrating AI into recruitment processes, organizations across various industries can optimize operations and focus on core business activities, making AI recruitment tools a valuable asset in today's competitive market.

๐–๐š๐ง๐ญ ๐ญ๐จ ๐’๐ž๐ž ๐ญ๐ก๐ž ๐“๐ซ๐ž๐ง๐๐ฌ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/63261/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The rising demand for automation in hiring processes is a key driver of the AI recruitment market. AI-powered tools can swiftly analyze and sort through vast numbers of resumes, ensuring error-free and consistent candidate screening. Additionally, innovations like interview scheduling software and candidate relationship management systems improve applicant engagement and streamline recruitment workflows. This growing need for efficient, reliable, and automated hiring solutions is significantly fueling the market's growth.

๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

The AI recruitment market is witnessing notable advancements, including strategic acquisitions and product innovations. For instance, iCIMS Inc., a leading cloud recruitment platform provider, acquired Opening.io in 2020 to enhance its AI capabilities. Such developments are shaping the future of recruitment with transformative tools designed for building diverse and dynamic workforces. The incorporation of cutting-edge AI technologies is reshaping traditional hiring practices and driving the adoption of these solutions on a global scale.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/63261/

๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ:

Technological advancements present substantial growth opportunities for the AI recruitment market. The continual enhancement of AI software introduces new features and capabilities that attract businesses across sectors. The adoption of AI in talent acquisition platforms and its integration into cloud-based solutions further expand the market's potential. Additionally, leading tech firms like IBM are leveraging AI in their recruitment processes, showcasing the technology's efficiency and reliability. These advancements create significant room for market expansion, offering organizations a competitive edge in talent acquisition.

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ ๐ข๐ง ๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ: ๐…๐ซ๐จ๐ฆ ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐ญ๐จ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐„๐ฑ๐ฉ๐š๐ง๐ฌ๐ข๐จ๐ง๐ฌ

๐Œ๐š๐ฃ๐จ๐ซ ๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ & ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ

In May 2020, ๐ข๐‚๐ˆ๐Œ๐’ ๐ˆ๐ง๐œ. acquired ๐Ž๐ฉ๐ž๐ง๐ข๐ง๐ .๐ข๐จ, a leader in AI for recruitment, launching the advanced ๐ข๐‚๐ˆ๐Œ๐’ ๐“๐š๐ฅ๐ž๐ง๐ญ ๐‹๐จ๐ ๐ข๐œ. This cutting-edge solution integrates AI to build diverse and scalable workforces, revolutionizing hiring processes.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

๐•๐ข๐ž๐ญ๐ง๐š๐ฆ, ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐, ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž, ๐‰๐š๐ฉ๐š๐ง, ๐š๐ง๐ ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š are embracing AI recruitment tools to boost efficiency and tap into emerging talent pools. Notably, national governments' digitalization initiatives are fostering the growth of cloud-based recruitment systems.

๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐๐š๐ญ๐ข๐จ๐ง๐ฌ (UK, Germany, and Spain) are optimizing recruitment workflows with AI technology to meet the demand for efficient and transparent hiring.

๐”๐’ ๐Œ๐š๐ซ๐ค๐ž๐ญ, leading with a 37.2% share in 2022, continues to innovate with cutting-edge AI-based tools, driven by a robust economy and skilled professionals.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ-๐ƒ๐ซ๐ข๐ฏ๐ž๐ง ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ: Global IT giants, such as ๐ˆ๐๐Œ, are spearheading the adoption of AI in recruitment, enabling organizations to quickly identify top talent, reduce errors, and enhance candidate experiences.

๐๐ž๐ž๐ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐˜๐จ๐ฎ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐ž๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž: https://www.maximizemarketresearch.com/request-sample/63261/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

by End-users

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

by Product

Solution
Services

by Application

Process automation
Campaigning
Candidate screening
Candidate communication
Others

๐…๐จ๐ซ ๐Œ๐จ๐ซ๐ž ๐ˆ๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐๐ฅ๐ž๐š๐ฌ๐ž ๐•๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/global-ai-recruitment-market/63261/

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐€๐ˆ ๐‘๐ž๐œ๐ซ๐ฎ๐ข๐ญ๐ฆ๐ž๐ง๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

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)

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐‘๐ž๐ฅ๐š๐ญ๐ž๐ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

โ™ฆ Global Regenerative Thermal Oxidizer Market https://www.maximizemarketresearch.com/market-report/global-regenerative-thermal-oxidizer-market/89591/

โ™ฆ Global Industrial Vending Machine Market https://www.maximizemarketresearch.com/market-report/global-industrial-vending-machine-market/31293/

โ™ฆ Crypto Asset Management Market https://www.maximizemarketresearch.com/market-report/global-crypto-asset-management-market/27361/

โ™ฆ Master Recharge API Market https://www.maximizemarketresearch.com/market-report/global-master-recharge-api-market/55828/

โ™ฆ Global Glass Filled Nylon Market https://www.maximizemarketresearch.com/market-report/global-glass-filled-nylon-market/33342/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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