Dublin, July 29, 2024 (GLOBE NEWSWIRE) -- The "Artificial Intelligence (AI) Market in Recruitment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Artificial Intelligence (AI) Market in Recruitment is estimated at US$734.0 Million in 2023 and is projected to reach US$709.8 Million by 2030, growing at a CAGR of -0.5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Moreover, AI`s role in recruitment extends beyond operational efficiencies to significantly improve the quality of hiring and candidate experiences. By employing advanced analytics and predictive algorithms, AI platforms can assess candidate potential more accurately, shifting recruitment from an intuition-based to a data-driven approach.
This ensures that hiring decisions are based on objective criteria, reducing biases related to age, gender, or race, and aligning with organizational commitments to diversity and inclusion. AI also enhances candidate interactions by personalizing communication and expediting the recruitment process, which is crucial for maintaining candidate interest and improving their overall experience.
As AI technology continues to evolve within the recruitment sector, its integration promises to not only refine the quality and scope of hiring practices but also to redefine the strategic framework within which these processes operate, ensuring a more dynamic, inclusive, and efficient recruitment landscape.
Key Questions Answered:
- How is the Global Artificial Intelligence (AI) Market in Recruitment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Key Insights:
- Market Growth: Understand the significant growth trajectory of the AI in Recruitment Services segment, which is expected to reach US$473.0 Million by 2030 with a CAGR of a -0.1%. The AI in Recruitment Solutions segment is also set to grow at -1.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $194.7 Million in 2023, and China, forecasted to grow at an impressive -1.4% CAGR to reach $107.5 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as iCIMS, Inc., Ideal, Jobiak, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Artificial Intelligence (AI) Market in Recruitment - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rise of Remote Work Expands Addressable Market for AI Recruitment Tools
- Advancements in Natural Language Processing Accelerate Demand for AI in Job Matching
- Bias Mitigation Algorithms Drive Adoption and Trust in AI Recruitment Technologies
- Increasing Demand for Efficient Talent Acquisition Throws the Spotlight On AI
- Integration of AI with Social Platforms Generates Opportunities in Passive Candidate Recruitment
- Here's How AI Personalization in Recruitment Enhances Candidate Experience
- Emergence of Predictive Analytics in Recruitment Spurs Technological Innovations
- Growing Importance of Diversity and Inclusion Drives AI Implementations in Sourcing
- Impact of Global Talent Shortages on AI Adoption in Recruitment Strategies
- Regulatory Compliance and AI: Navigating Through Recruitment's Legal Landscape
- Data Privacy Regulations Impact AI Deployment in Recruitment
FOCUS ON SELECT PLAYERS (Total 23 Featured)
- iCIMS, Inc.
- Ideal
- Jobiak
- Jobvite, Inc.
- Leoforce
- Manatal
- Textkernel BV
- UNLEASH GROUP LTD
- Workday, Inc.
- Zoho Corporation
For more information about this report visit https://www.researchandmarkets.com/r/94qlgh
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