The AI ​​Market in the Recruitment Industry Will See Additional Growth of $222.94 Million; Increased need for automated processes to boost market growth – Technavio

New YorkAnd the October 31, 2022 /PRNewswire/-“Artificial intelligence market in the recruitment industry By component (services and solutions) and geography (North AmaricaAnd the Europeasia pacific, The Middle East And the AfricaAnd the South america) – 2022-2026 “Forecast and Analysis Report” has been added to Technavio’s offerings. With ISO 9001:2015 certification, Technavio has proudly collaborated with more than 100 Fortune 500 companies for over 16 years.

Technavio announced its latest market research report titled Global AI Market in Recruitment Industry 2022-2026

Technavio announced its latest market research report titled Global AI Market in Recruitment Industry 2022-2026

The potential growth difference of the artificial intelligence market in the recruitment industry between 2021 and 2026 is 222.94 million USD. To get the exact annual growth variance and annual growth rate, Request a free report form in PDF format.

Key market dynamics:

  • market driver: The increasing need for automated operation It is one of the main factors driving market growth. The demand for automated processes for screening and selection of candidates has grown exponentially in the recruitment industry. The adoption of artificial intelligence has made it possible to process hundreds of resumes per minute, reduce human errors, and increase the reliability of the recruitment process. The automated procedure improves candidate participation by facilitating scheduling. Furthermore, the use of automated processes leads to the use of a Candidate Relationship Management (CRM) system to run the recruitment processes efficiently. All these factors are driving market growth in focus.

  • Market Challenges: Threat from open source recruitment software It is the main challenge in the market. Open source recruitment software can be downloaded and run on all platforms and, therefore, is becoming increasingly popular in developing economies, such as India And the China. This software is not only free, but also can be customized as per the requirements of the end users. Besides, using open source recruitment software ensures that these organizations incur lower initial costs and gain more flexibility. Hence, many companies, especially small and medium businesses that are looking for better plans to expand their business at low cost, opt for open source recruitment software.

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Market segmentation

Depending on the component, the Services sector It will contribute significantly to the growth of the market during the forecast period. Recruitment software is very safe, as there is no third party interference. Companies also have complete control over their service solutions due to controlled and restricted access, while also allowing them to customize their recruitment programs according to their requirements. These benefits lead to the growth of the sector.

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according to geography, Europe The region will be the leader with 35% of the market growth during the forecast period. UK and Germany are the main markets in Europe. The growth of the market in this region will be faster than the growth of the market in South america And the North Amarica.

The main companies mentioned in the report

  • Alphabet Inc.

  • Bemery Company

  • Brillent Inc.

  • CVViZ Software Pvt Ltd.

  • Entelo Inc.

  • Gloat Inc.

  • Hakajub Ltd.

  • Harver BV

  • HireTeamMate Inc.

  • International Business Machines Corp.

  • Jobbik

  • Jobvite Inc.

  • LeForce LLC.

  • O5 Systems Inc.

  • Oracle Corporation

  • SAP SE

  • SmartRecruiters Company

  • Talent Recruitment Programs Pvt. Ltd.

  • UKG Inc.

  • Zoho Corp. soldier. Ltd.

  • Get access to more vendor profiles with their main offerings available with Technavio. Buy a report now

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Artificial intelligence market in the healthcare sector By Application and Geography – Forecasting and Analysis 2022-2026: The push towards digitalization in healthcare is particularly driving the growth of the artificial intelligence market in the healthcare sector, although factors such as physician and provider skepticism may hinder market growth. Digital healthcare simplifies the delivery of healthcare services and helps in the easy and secure management of patient data. The rising demand for connected healthcare services is driving the adoption of advanced technologies, including artificial intelligence, augmented reality, and advanced analytics.

Artificial intelligence market within the recruitment industry

Report coverage

details

page number

120

base year

2021

prediction period

2022-2026

Growth Momentum and CAGR

Accelerating at a compound annual growth rate of 6.84%

Market growth 2022-2026

222.94 million USD

Market Structure, Market Structure

fragmented

Annual Growth (%)

4.57

Regional Analysis

North America, Europe, Asia Pacific, Middle East, Africa and South America

Market share performance

Europe with 35%

Main consuming countries

The United States, China, Japan, the United Kingdom, and Germany

Competitive scene

Leading companies, competitive strategies and scope of consumer engagement

Company Profile

Alphabet Inc. , Beamery Inc. , Brillent Inc. , CVViZ Softwares Pvt Ltd. Entelo Inc. Gloat Inc. hackajob Ltd. Harver BV, HireTeamMate Inc. , International Business Machines Corp. , Jobiak, Jobvite Inc. , Leoforce LLC., O5 Systems Inc., Oracle Corp., SAP SE, SmartRecruiters Inc., Talent Recruit Software Pvt. Ltd. and UKG Inc. and Zoho Corp. Pvt. Ltd.

market dynamics

Key market analysis, market growth drivers and obstacles, analysis of fast-growing and slow-growing segments, COVID-19 impact and future consumer dynamics, market status analysis for the forecast period.

field of customization

If our report doesn’t include the data you’re looking for, you can access our analysts and customize the segments.

table of contents:

1. Executive Summary

2 market view

3 market sizing

4 Five forces analysis

5 Market segmentation by component

6 customer perspective

7 Geographical scene

8 Drivers, Challenges and Trends

9 landscape seller

10 Vendor Analysis

Appendix 11

information about us

Technavio is a global leader in technology research and consulting. Their research and analysis focus on emerging market trends and provide actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions.

With over 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning across 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and to assess their competitive positions in changing market scenarios. .

Contact
Technavio Research
Jesse Maeda
Marketing and Media Executive
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United Kingdom: +44 203893 3200
Email: media@technavio.com
website: www.technavio.com/

Global Artificial Intelligence Market in Recruitment Industry 2022-2026

Global Artificial Intelligence Market in Recruitment Industry 2022-2026

Cision

Cision

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Source Technavio

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