What is Generative AI?

Generative AI refers to artificial intelligence systems capable of creating new content, such as text, images, and even code, based on the data they have been trained on. In the context of recruitment, generative AI can generate job descriptions, resumes, candidate assessments, and other relevant content.

How big is Generative AI in Online Recruitment Market?

The Global Generative AI in Online Recruitment Market size is expected to be worth around USD 2,061.9 Million By 2033, from USD 347.2 Million in 2023, growing at a CAGR of 13.5% during the forecast period from 2024 to 2033.

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

The growth of Generative AI in online recruitment is driven by the need for enhanced candidate matching, automated screening processes, and personalized job recommendations. Companies seek efficiency and reduced bias in hiring, and advancements in AI algorithms enable better prediction of candidate success.

What are the current trends and advancements in Generative AI in Online Recruitment Market?

Current trends include the integration of AI-powered chatbots for candidate engagement, use of natural language processing for resume screening, and AI-driven analytics for improving recruitment strategies. There is also a focus on developing ethical AI to ensure fair hiring practices.

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

Major challenges include data privacy concerns, potential bias in AI algorithms, and the need for transparency in AI decision-making. Opportunities lie in improving AI accuracy, expanding the use of AI in global recruitment, and developing tools to support diverse hiring practices.

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

Leading players include companies like IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Sense Talent Labs Inc., Talenteria, Eightfold AI, Beamery Inc, Other Key Players

Global Generative AI in Online Recruitment Market By Component (Software, Services), By Application (Resume and Candidate Screening, Automated Job Description Generation, Candidate Engagement, Other Applications), By Industry Vertical (IT and Telecommunications, BFSI, Retail and E-commerce, Manufacturing, Healthcare, Government and Public Sector, Other Industry Verticals), Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Published date: June 2024
Report ID: 121927
Number of Pages: 225
Format:

Overview
Table of Contents
Major Market Players
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- IBM Corporation
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- Sense Talent Labs Inc.
- Talenteria
- Eightfold AI
- Beamery Inc
- Other Key Players