AI Recruitment Market Growth: Shaping the Future of Hiring and Workforce Management | Most Leading Companies - SAP SE, Zoho Corporation, Google LLC, IBM Corporation oracle Corporation, Automatic Data Processing LCC

Global AI Recruitment Market reached US$ 605.4 Million in 2022 and is expected to reach US$ 1,019.1 Million by 2030, growing with a CAGR of 6.7% during the forecast period 2024-2031.

AI Recruitment Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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AI Recruitment refers to the use of artificial intelligence technologies to streamline and enhance the recruitment process. By leveraging machine learning algorithms, natural language processing (NLP), and data analytics, AI recruitment tools can efficiently analyze resumes, screen candidates, match job descriptions to applicants' qualifications, and even conduct initial interviews. This not only saves time for hiring teams but also helps reduce bias, improve candidate matching, and enhance the overall hiring experience.

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List of the Key Players in the AI Recruitment Market:

SAP SE, Zoho Corporation, Google LLC, IBM Corporation oracle Corporation, Automatic Data Processing, LCC, Ultimate Software, SmartRecruiters, Jobvite and CVViZ Softwares Pvt Ltd.

Industry Development:

On December 5, 2023, RedNevada.AI, a leading provider of AI-powered software, introduced RAI, an advanced and comprehensive recruitment and resourcing co-pilot solution. The tool underwent extensive testing with a diverse group of pilot customers from various industries and regions, ensuring its efficiency, cost-effectiveness, and its ability to effectively support those who will directly benefit from its capabilities.

On October 9, 2023, Kelly Arc launched a new online recruitment platform designed specifically for AI and automation talent. This platform bridges the gap by connecting top professionals, including developers, analysts, and project managers, with innovative job opportunities.

On October 30, 2023, Masai School, an edtech startup backed by India Quotient, launched an AI-powered platform for both job seekers and recruiters. The platform helps job seekers find relevant job listings through a detailed competency assessment, facilitated by 90-minute interviews with tech leads from leading Indian companies.

Growth Forecast Projected:

The Global AI Recruitment Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global AI Recruitment Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the AI Recruitment Market:

By Product: Solution, Services

By Application: Process automation, Campaigning, Candidate screening, Candidate communication, Others

By End-User: Retail and ecommerce, Banking, financial and insurance, Healthcare, Hospitality, Energy, Government, Enterprise, Manufacturing, Others

Regional Analysis for AI Recruitment Market:

The regional analysis of the AI Recruitment Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the AI Recruitment market?

➠ Who are the leading manufacturers in the global AI Recruitment industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global AI Recruitment industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the AI Recruitment market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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