Press release
Prominent Artificial Intelligence in HR Market Trend for 2025: Industry Leaders In Hr Sector Embracing Innovations In Artificial Intelligence
Artificial Intelligence in HR Market Size
The growth of artificial intelligence in the human resources sector is predicted to be bolstered by the increasing demand for automation in HR functions. This entails utilizing technology, specifically software and systems, to simplify and automate a variety of administrative and repetitive tasks inherent to the human resources department. Artificial intelligence can prove invaluable in the automation of HR operations, as it can enhance and automate HR processes like candidate screening, recruitment, data entry, workflow, and data processing. For example, a survey in February 2022 by SHRM (Society for Human Resource Management), a professional human resources membership organization in the US, involving 1,688 HR professionals, revealed that 16% of corporations employ automation or AI, with 85% of the employers relying on these tools indicating time-saving and efficiency benefits. It also found that one in every five organizations plans to commence or increase their usage of these tools for performance management in the next five years, while one in every four organizations anticipates initiating the utilization of automation or AI in recruitment and hiring in the foreseeable five years. Therefore, it is apparent that the escalating demand for automation in HR operations is stimulating the expansion of artificial intelligence in the HR market.
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What growth opportunities are expected to drive the artificial intelligence in hr market's CAGR through 2034?
In recent times, the market size for artificial intelligence in HR has expanded swiftly. The projections indicate an increase from $6.05 billion in 2024 to $6.99 billion in 2025, with a compound annual growth rate (CAGR) of 15.6%. Factors contributing to the growth during the historic period include escalating costs of procuring and managing talent, burgeoning data and enhanced analytical capabilities, rising demand for tailored career development and employee experience, challenges in compliance and risk management, competitive strain and the success of early adopters.
Projected advancements in the artificial intelligence in HR sector anticipate a notable growth in the upcoming years. By 2029, the sector is predicted to reach $14.08 billion, boasting a compound annual growth rate (CAGR) of 19.1%. This surge during the forecast period is largely due to an increasing emphasis on employee welfare and engagement, hyper-personalization and skills advancement, improved strategies for recruitment and retention, ethical issues and the mindful employment of AI, talent analytics and preparedness for the future of work. Notable trends of the forecast period include the development of innovative solutions, conversational AI chatbots, predictive performance study, data anonymization and encryption, career guidance and progress, and strategic partnerships.
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What are the emerging trends shaping the future of the artificial intelligence in hr market?
Rising in popularity in the realm of artificial intelligence in HR management, technological upgrades are a leading trend. To stay ahead in the market, key businesses in artificial intelligence in HR are integrating new technologies. Taking an example from March 2023, Beamery Technologies Limited, a recruitment and talent engagement software business situated in the UK, introduced the world's first generative AI technology intended for HR, capable of creating job descriptions and suggesting career paths to employees. This innovative technology enables the company to drastically overhaul and streamline all customer experiences on Beamery. The underlying foundation of the platform lies in Beamery's talent graph, which records over 17 billion data points about individuals, talents, jobs, and provides bias-audited AI models and generative AI.
Which growth-oriented segments of the artificial intelligence in hr market are leading the industry's development?
The artificial intelligence in hr market covered in this report is segmented -
1) By Offering: Hardware, Software, Services
2) By Technology: Virtual Assistants, Metaverse, AI Chatbot, People Analytics, Machine Learning, Computer Vision, Natural Language Processing, Other Technologies
3) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
4) By Application: Workforce Management, Talent Management, Payroll Management, Performance Management, Recruitment, Hiring, Other Applications
5) By Industry: Academic, Banking, Financial Services And Insurance (BFSI), Government, Healthcare, Information Technology(IT) And Telecom, Manufacturing, Retail, Other Industries
Subsegments:
1) By Hardware: AI-Powered Recruitment Tools, Biometric Devices For Attendance Tracking, Wearable Technology For Employee Wellness
2) By Software: Applicant Tracking Systems (ATS), Performance Management Software, Employee Engagement Platforms, Learning Management Systems (LMS), Chatbots For HR Support
3) By Services: Consulting Services For AI Implementation, Training And Support Services, Data Analytics And Reporting Services, Managed Services For HR Operations
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What regions are leading the charge in the artificial intelligence in hr market?
North America was the largest region in the artificial intelligence in HR market in 2024. The regions covered in the artificial intelligence in hr market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the artificial intelligence in hr market?
Major companies operating in the artificial intelligence in hr market include IBM Corporation, Oracle Corporation, SAP SE, Automatic Data Processing Inc., Workday Inc., Infor, Ceridian HCM Inc., Cegid Group, Cornerstone OnDemand Inc., JobTeaser, Phenom People Inc., Eightfold AI, Simpplr, Beamery Inc., HireVue Inc., Jobvite Inc., EdCast Inc., Harver B.V., SmartRecruiters, Gloat, Aisera, PageUp People Pty, JobAdder Operations Pty Ltd., Entelo Inc., Textio, Cezanne HR Limited, Brazen Technologies Inc., Pymetrics Inc.
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What Is Covered In The Artificial Intelligence in HR Global Market Report?
• Market Size Forecast: Examine the artificial intelligence in hr market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the artificial intelligence in hr market for a structured understanding.
• Key Players Overview: Analyze major players in the artificial intelligence in hr market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the artificial intelligence in hr market.
• Segment Contributions: Evaluate how different segments drive overall growth in the artificial intelligence in hr market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the artificial intelligence in hr market.
• Industry Challenges: Identify potential risks and obstacles affecting the artificial intelligence in hr market.
• Competitive Landscape: Review strategic developments in the artificial intelligence in hr market, including expansions, agreements, and new product launches.
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