The report encompasses the major developments within the AI Recruitment Market amidst the novel COVID-19 pandemic. The report offers a thorough understanding of the different aspects of the market that are likely to be feel the impact of the pandemic.
Press Release Content:
Market Research Future (MRFR) Announces the Publication of its Half-Cooked Research Report—Global AI Recruitment Market forecast from 2019–2025. Market Research Future (MRFR) has segmented the AI recruitment market on the basis of component, organization size, deployment, application, vertical, and region.
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By component, the AI recruitment market has been segmented into solution and services. Among these, currently, the solutions segment is dominating the market and is projected to be the fastest-growing segment during the forecast period owing to increasing adoption of AI sourcing tools adopted by the recruitment enterprises. Integration of machine learning with recruitment software help in automating manual HR tasks, thereby increasing the efficiency and quality of talent acquisition.
By organization size, the market has been segmented into small- and medium-sized enterprises and large enterprises. Among these, the large enterprises segment is currently dominating the market due to the high investments made by the enterprises to source highly qualified candidate matching the job requirement. Whereas, the SMEs is projected to grow with the fastest CAGR owing to rising adoption of cloud-based recruiting platforms which is accelerating the demand for AI recruiting software.
By deployment, the market has been segmented into on-cloud and on-premise segments. Among these, the on-cloud segment is projected to grow with the fastest CAGR owing to scalability, flexibility, mobility, and cost-effective features offered by the cloud platform which increases the demand for cloud-based AI sourcing tools.
By application, the AI recruitment market has been segmented into resume filtering, candidate discovery, candidate relationship management, job market forecasting, ad automation, candidate assessments, and others. Among these, currently, the resume filtering segment is expected to dominate the market due to the high demand among talent acquisition professionals to reduce the time required for screening candidate resumes from a huge pool of applicants by automating the screening process.
By vertical, the market has been segmented into government, IT and telecommunication, Healthcare, BFSI, and education among others. Among these, IT and telecommunications segment is expected to dominate due to the growing IT industry. Increasing adoption of AI recruitment tools and machine learning in recruitment to automate the recruitment process and increase the quality and efficiency of recruiting process is driving the adoption of AI recruitment among IT and telecommunication enterprises.
By region, the market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. North America has been further segmented into the US, Canada, and Mexico. Europe has been further segmented into Germany, the UK, France, Spain, Norway, Benelux, and Italy. Asia-Pacific has been sub-segmented into China, Japan, India, South Korea, Australia, Malaysia, Indonesia, and the Philippines. The Middle East and Africa have been further segmented into Saudi Arabia, Israel, Turkey, and South Africa and South America has been classified into Brazil, Peru, Chile, and Argentina.
The AI Recruitment Market is expected to be a growing market in the coming years owing to the presence of numerous large players active in the regional market. 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), and TalentRecruit (India) are the companies leading the AI Recruitment Market globally.
More Information : https://www.marketresearchfuture.com/reports/ai-recruitment-market-8289
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
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