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Global AI Recruitment Market Value Projected To Reach USD 981.74 Billion By 2029, Registering A CAGR Of 6.8%

Global AI Recruitment Market Is Expected To Reach USD 981.74 Billion By 2029 At A CAGR Of 6.8  percent.

Maximize Market Research has published a report on the Global AI Recruitment Market that provides a detailed analysis for the forecast period of 2022 to 2029.

Global AI Recruitment Market Scope:

The report provides comprehensive market insights for industry stakeholders, including an explanation of complicated market data in simple language, the industry’s history and present situation, as well as expected market size and trends. The research investigates all industry categories, with an emphasis on key companies such as market leaders, followers, and new entrants. The paper includes a full PESTLE analysis for each country. A thorough picture of the competitive landscape of major competitors in the Global AI Recruitment market by goods and services, revenue, financial situation, portfolio, growth plans, and geographical presence makes the study an investor’s guide.

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Global AI Recruitment Market Overview:

Depending on the specifics, it can assign a resume a score. Any organisation can benefit from the Global AI Recruitment strategy. There are many employment vacancies at large businesses. Furthermore, there are many candidates applying for each position. It is now possible to evaluate candidates quickly and hire them with Global AI Recruitment technologies. A device that controls how much more critical jobs take up an organization’s time. Employing AI is more expensive, more effective, and less dependable. It is simple to sort, inspect, analyse, evaluate, and search apps using this technology.

Global AI Recruitment Market Dynamics:

In order to improve process workflows and automate repetitive jobs, many businesses are deploying AI-based solutions like RPA (Robotic Process Automation). The Internet of Things (IoT) and AI-based technologies are being combined to deliver reliable outcomes for a variety of commercial operations. For instance, San Francisco-based OpenAI has received a USD 1 billion investment from Microsoft. Together, the two companies developed AI supercomputing technology for Microsoft’s Azure cloud.

There is a huge market for AI software across many industries. Additionally, leading tech behemoths like IBM are utilising the Global AI Recruitment software This software produces instant results. Instantaneous saving, rating, evaluating, and filtering. There will be more room for expansion as a result of the automation of the hiring process in these industries. In a variety of applications, including early alarms, tracking and prediction, data dashboards, diagnosis and prognosis, treatments and cures, and maintaining societal control, AI-powered computer platforms or solutions are being utilised to combat COVID – 19. The requirement for coronavirus tracking and prediction has led to the emergence of data dashboards that can display the epidemic. For instance, Bing’s AI tracker from Microsoft Corporation provides a global summary of the pandemic’s most recent statistics.

Global AI Recruitment Market Regional Insights:

With a share of more than 43.7 percent, North America led the Artificial Intelligence (AI) in recruiting industry, which was also dominated by Europe and APAC. Companies in North America are heavily utilising AI-based machine learning platforms to experience effective hiring practises. Additionally, the US’s growing IT sector is significantly boosting this region’s market expansion. Bullhorn (2018) asserts that the market’s expansion in North America has been further boosted by advancements in the sourcing and screening of applicants during the first phases of the recruitment process.

Over the course of the projection period, the market in Asia Pacific is expected to experience considerable CAGR. The exponentially rising investments in artificial intelligence are responsible for this increase. For instance, the Chinese internet giant Baidu, Inc., announced in April 2018 that it had reached final agreements with investors for the sale of its financial services group (FSG), which offers consumer lending, wealth management, and other commercial services. Along with ABC International, Taikanglife, and Tarrant Capital IP, LLC, the investors are led by Carlyle Investment Management LLC and Tarrant Capital IP, LLC. Additionally, an increasing number of AI start-ups in the area are promoting AI use to increase operational effectiveness and enable process automation.

Global AI Recruitment Market Segmentation:

By Enduser:

  • Retail and ecommerce
  • Banking, financial and insurance
  • Healthcare
  • Hospitality
  • Energy
  • Government
  • Enterprise
  • Manufacturing

By Product:

  • Solution
  • Service

By Application:

  • Process automation
  • Campaigning
  • Candidate screening
  • Candidate communication

Global AI Recruitment Market Key Competitors:

  • 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)
  • CVViZ Softwares Pvt Ltd (India)
  • HireVue (US)
  • Textio (US)
  • Mya Systems, Inc. (US)
  • TalentMind (Singapore)
  • TalentRecruit (India) 

To Get A Copy Of The Sample of the Global AI Recruitment Market, Click Here:@https://www.maximizemarketresearch.com/market-report/global-ai-recruitment-market/63261/

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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