AI Recruitment is one of the smart recruitment technologies which can help us in identifying, connecting and hiring the best candidates. It uses the latest and newly emerging technology of artificial intelligence and machine learning. AI Recruitment is an emerging category of HR technology which reduces time-consuming activities like manually screening resumes. It is the application of artificial intelligence to do the recruitment function. It streamlines some parts of the recruiting workflow, mostly repetitive, high-volume tasks.
AI recruitment market report evaluates the growth rate and the market value based on growth inducing factors and market dynamics. This knowledge is completely based on the latest industry news and opportunities, and trends. It contains a comprehensive market analysis. This report is a complete backdrop analysis.
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In market segmentation by type, the product can be split into: Candidate Discovery, Candidate Relationship Management, Job Market Forecasting, Ad Automation, Candidate Assessments
In market segmentation by application, the product can be split into: IT and Telecommunication, Healthcare, Education. There are three businesses: small, medium and large. Nowadays, the medium business market is the hottest.
In market segmentation by region, this report presents the AI development in North America, Europe, China, Japan, Southeast Asia, India, Central, and South America. Market Research Future (MRFR) study has covered the following countries in regional analysis of the AI recruitment market: The US, Canada, and Mexico in North America. Germany, the UK, France, Spain, Norway, Benelux, and Italy in Europe. China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and the Philippines in Asia-Pacific. Saudi Arabia, Israel, Turkey, and South Africa in the Middle-East and Brazil, Peru, Chile, and Argentina in South America.
North America currently dominates the AI recruitment market. The region is an early adapter of new technology, has a well-established infrastructure and holds the presence of a majority of AI recruiting software providers. The US, among all the countries in the region, has the largest market owing to highly skilled expertise, research and development capabilities. It aims at developing AI sourcing tools to enhance the quality of the hiring process. This has increased the market growth of AI recruitment in the country. Europe has a considerable market share too.
The Global AI Recruitment market has been witnessing stable growth and development during the last few years. The global market for recruitment is likely to exhibit revenue growth by 1.5x between the period of 2017 and 2025. The global AI Recruitment market was valued at US$ 215.68 Bn in the year 2017 and is predicted to reach more than US$334.28 Bn by the end of the forecasted period, expanding at a moderate CARG of 5.63% throughout the forecasted period.
It is expected that the subscription recruitment software technology (SVoD) will rise in the IT and telecom and hospitality sectors with a CARG of more than 8% during the forecast period 2018-2025. IT and Telecom holds a major recruitment software market share of nearly 20% in 2017.
Drivers and Risks
The global AI Recruitment industry is subject to the influence of a variety of factors and parameters that can have an impact on the industry, either positively or negatively. These different factors are identified and are researched further to accurately identify the effect that they have on the AI Recruitment industry. The different factors do not remain constant and can vary from locale to locale and based on the type of product that is sold in the market. The role played by these factors in influencing the global market growth from the year 2019 to the year 2025 has been included in the report.
The global AI Recruitment market has been divided into several market segments according to the different regions that each of the markets is located in. the different regions that are mentioned in the global AI Recruitment report include North America, South America, Asia-Pacific, Africa, Europe, and the Middle East. The market share for the different regions mentioned in the report is presented from the year 2019 to the year 2025 after an analysis of the collected data. The AI Recruitment market is also forecast from the year 2019 to the year 2025.
Method of Research
The data that has been collected regarding the global AI Recruitment market has been collected from a variety of sources, both primary and secondary sources. This ensures the veracity of the data collected and can also be used as a benchmark for other sources of data. The data collected regarding the AI Recruitment market is subjected to a SWOT analysis that is used to identify the various parameters that govern the different companies. The analyzed data is used to identify the strengths, weaknesses, opportunities, and threats that are faced by different companies.
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