What is AI in Recruitment Market?

Artificial Intelligence (AI) in recruitment refers to the integration of machine learning and digital technologies into the hiring process. This technology enhances the efficiency and effectiveness of recruitment by automating routine tasks, such as resume screening and initial candidate assessments, and by providing advanced analytics for better decision-making.

How big is AI in Recruitment Market?

The Global AI in Recruitment Market size is expected to be worth around USD 2.6 Billion By 2033, from USD 0.8 Billion in 2023, growing at a CAGR of 12.4% during the forecast period from 2024 to 2033

What are the key factors driving the growth of the AI in Recruitment Market?

The AI in Recruitment market is growing due to automation needs, enhancing hiring quality and efficiency. Technologies like AI streamline processes, support remote hiring, provide valuable analytics, and improve candidate experiences, transforming recruitment strategies.

What are the emerging trends and advancements in the AI in Recruitment Market?

AI is revolutionizing recruitment through enhanced job matching, video analysis, predictive analytics, automated sourcing, bias reduction, and personalized onboarding, significantly improving efficiency and inclusivity in hiring processes.

What are the major challenges and opportunities in the AI in Recruitment Market?

The AI recruitment market offers vast opportunities for enhanced decision-making and geographical expansion but faces challenges like complexity, ethical concerns, and regulatory compliance.

Who are the leading players in the AI in Recruitment Market?

IBM Corporation, Oracle Corporation, SAP SE, Microsoft Corporation, Workday, Inc., Employ Inc., Sense Talent Labs, Inc., HireVue, Inc., Eightfold AI, The Stepstone Group, Zoho Corporation, X0PA AI, Beamery Inc, Other Key Players

Global AI in Recruitment Market By Component(Software, Services), By Deployment Mode(Cloud-Based, On-Premise), By Application(Candidate Sourcing & Screening ,Resume Screening ,Interview Scheduling ,Candidate Engagement ,Other Applications), By Industry Vertical(IT and Telecommunications ,BFSI ,Healthcare ,Retail and E-commerce ,Manufacturing ,Government and Public Sector ,Other Industry Verticals), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: August 2024
Report ID: 126261
Number of Pages: 390
Format:

- IBM Corporation
- Oracle Corporation
- SAP SE Company Profile
- Microsoft Corporation Company Profile
- Workday, Inc.
- Employ Inc.
- Sense Talent Labs, Inc.
- HireVue, Inc.
- Eightfold AI
- The Stepstone Group
- Zoho Corporation
- X0PA AI
- Beamery Inc
- Other Key Players