AI Recruitment Market Overview-2030

The global AI recruitment market was valued at USD 590.5 billion in 2023 and is expected to expand at a CAGR of 6.9% during the forecast period 2023-2030. Key capabilities offered by AI-based recruitment tools include automating repetitive tasks, screening candidates, reducing recruitment time and costs, reducing hiring bias, improving candidate experience, and enabling data-driven hiring decisions.

Based on components, the AI recruitment industry is bifurcated into software tools and services. By organization size, large enterprises dominate the market share currently, while adoption across SMBs is anticipated to grow at a higher rate.

Get PDF Sample Report + All Related Table and Graphs:
https://www.marketresearchfuture.com/sample_request/8289

Market Opportunities

Key opportunities being unlocked by AI in recruitment include:

1. Integration of Chatbots to Improve Experience: Chatbots are gaining traction in recruitment for swiftly responding to candidate queries and making the process smoother. Their adoption is therefore expected to grow substantially.
2. Increasing Deployment of Automated Screening Tools: Automated screening solutions for tasks like resume sorting, shortlisting, scheduling interviews etc based on AI and NLP are rising in popularity owing to tangible benefits.
3. Rising Use of Predictive Analytics and Data-driven Insights: Growing use of AI-based predictive hiring analytics and actionable insights around sourcing tactics, costs per hire and other metrics to enable optimized decisions.
4. Adoption of AI Video Interview Platforms: Video interviews enabled by AI like automated invitations, transcription, analysis etc. present an emerging opportunity. 

Market Segmentation

By Components:

• Software/Tools
• Services

By Organization Size:

• Large Enterprises
• SMEs

By End-User Industry:

• IT & Telecom
• Healthcare
• Automotive
• Government
• Others

Key Companies

Some of the major players operating in the global AI recruitment market include SAP SE, Zoho Corporation, Google LLC, IBM Corporation, Oracle Corporation, Automatic Data Processing LCC, Ideal, Ultimate Software, SmartRecruiters, Jobvite, CVViZ Softwares Pvt Ltd, Textio, Mya Systems and Talentmind among others.

AI recruitment companies are focused on capabilities including advanced candidate communication, automated task completion, data-driven insights etc. powered by technologies like NLP and ML. Tie-ups between recruitment and technology firms are also gaining traction to enhance portfolio of AI recruiting capabilities.

Regional Insights on AI Recruitment Market

The AI recruitment market is experiencing significant growth and is expected to continue expanding in the coming years. Here are some regional insights into the AI recruitment market based on the provided search results:

• North America dominated the AI recruitment market in 2022, with a market value of USD 4.05 billion. The region is expected to exhibit steady growth at a CAGR of 15.2% from 2023 to 2030. Video interviewing (AI-based) is anticipated to be the leading segment in this market during the forecast period. The increasing need for automation in the recruitment industry, coupled with the adoption of the internet to smoothen recruitment processes, is driving the growth of the market in North America 1.

• Specific insights for the AI recruitment market in Europe are not explicitly mentioned in the provided search results.

• The Asia Pacific region, including countries such as China, India, and Japan, is expected to play a significant role in the growth of the AI recruitment market. However, specific insights for this region are not explicitly mentioned in the provided search results 1.

• The AI recruitment market in the Middle East & Africa is also a part of the global market. However, specific insights for this region are not explicitly mentioned in the provided search results 2.

• South America, particularly Brazil, is also a part of the AI recruitment market. However, specific insights for this region are not explicitly mentioned in the provided search results.

Browse Complete Report: https://www.marketresearchfuture.com/reports/ai-recruitment-market-8289 

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

Contact:

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: [email protected]

Website: https://www.marketresearchfuture.com