AI Recruitment Market Research, Size, Share, Revenue, Production Value, Outstanding Growth, Current Trends, Future Growth Study and Strategic Assessment
Market Highlights
AI recruitment
is an artificial intelligence-driven recruitment software which streamlines and
automates the recruitment processes in order to improve the talent acquisition
process and enhance the employee experience. The AI recruitment software uses
technologies such as machine learning and sentiment analysis to optimize
various recruitment processes such as auto-screening candidates and identifying
potential candidates based on their job description.
Recruiter
chatbots, intelligent screening software, and digitized interviews are some of
the recent trends prevailing in the AI recruitment market.
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Segmentation:
The global AI recruitment market has been segmented on
the basis of component, organization size, deployment, application, vertical,
and region.
By component, the market has been segmented into
software and services.
By organization size, the market has been segmented
into SMEs and large enterprises.
By deployment, the market has been segmented into
on-cloud and on-premise.
By application, the market has been segmented into
resume filtering, candidate discovery, candidate relationship management, job
market forecasting, ad automation, candidate assessments, and others.
By vertical, the market has been categorized
into government, commercial, IT and telecommunication, healthcare, BFSI,
education, and others.
By region, the market has been segmented into North
America, Europe, Asia-Pacific, the Middle East and Africa, and South
America.
Regional Analysis
The geographic analysis of AI recruitment market has
been done for North America (the US, Canada, and Mexico), Europe (Germany, the
UK, France, Spain, Norway, Benelux, and Italy), Asia-Pacific (China, Japan,
India, South Korea, Australia, Malaysia, Indonesia, and the Philippines),
Middle East and Africa (Saudi Arabia, Israel, Turkey, and South Africa) and South
America (Brazil, Peru, Chile, and Argentina).
North America is currently dominating the global AI
recruitment market. The US, followed by Canada is currently leading the market
as the country has been the earliest adopter of advanced technologies such as
AI and machine learning. Additionally, well-established network infrastructure,
developed economy, and availability of skilled experts are driving the growth
of AI recruitment market in the US. Furthermore, the region houses majority of
the key players who are focused on developing AI-based recruitment solutions to
meet various applications of recruitment process is contributing to the growth
of AI recruitment market in the region.
Europe is having a significant share in the global AI
recruitment market. Enterprises across the UK, Germany, Spain, and Norway among
others, are witnessing significant adoption of AI in talent acquisition owing
to the need to automate the tedious hiring process and enhance the overall
efficiency. Furthermore, growing adoption of cloud-based recruiting tools has
significantly increased the demand in the region.
Asia-Pacific region is projected to grow at the
fastest CAGR in the global AI recruitment market. China, Japan, and India
emphasize talent acquisition in order to source highly qualified candidates
whose expertise match the job description. Growing adoption of the cloud-based
services and government initiatives supporting digitalization across countries
have increased the demand AI and recruitment. Furthermore, growing number of
SMEs across the region which demands cloud-based AI hiring solutions is further
contributing to the market growth.
The Middle East and Africa and South America are
expected to grow at a steady pace in the AI recruitment market. Growing
demand across enterprises in the region to enhance the quality and efficiency
of talent acquisition, increasing adoption of cloud platform and advancements
in AI technology are a few factors increasing the demand of AI recruitment
software in the region.
Key Players
MRFR has
considered SAP SE (Germany), Zoho Corporation (India), Google LLC (US),
IBM Corporation (US), Oracle Corporation (US), Automatic Data Processing, LCC
(US), Ultimate Software (US), SmartRecruiters (US), Jobvite (US),
CVViZSoftwaresPvt Ltd (India), HireVue (US), Textio (US), Mya Systems, Inc.
(US),TalentMind (Singapore), and TalentRecruit (India) as some of the
key players in the global AI Recruitment market.
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AI
Recruitment Market Research Report: by Component (Software, Service), by
Organization Size (SMEs, Large Enterprises), by Deployment (On-Cloud,
On-Premise), by Application (Resume Filtering, Candidate Discovery, Candidate
Relationship Management, Job Market Forecasting, Ad Automation, Candidate
Assessments, Others), by Vertical (Government, IT and Telecommunication,
Healthcare, BFSI, Education, Others), by Region (North America, Europe,
Asia-Pacific, Middle East and Africa, South America) - Forecast till 2025
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