(MENAFN- EIN Presswire) Global AI Recruitment market expected to reach a value of around USD 388 million by 2027, at a CAGR of around 7.6% between 2019 and 2027.
NEW YORK, UNITED STATES, February 25, 2020 / EINPresswire.com / -- Facts and Factors Market Research has published a new report titled ' AI Recruitment Market By Offerings (Solutions and Services), By End-User (Recruitment Firms and Enterprises), and By Application (Job Campaigning, Process Automation, Candidate Communication & Assistance (Chatbot), and Candidate Screening & Rediscovery): Global industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027'.
According to the report, the global AI Recruitment Market is predicted to be valued at approximately USD 200 million in 2018 and is expected to reach a value of around USD 388 million by 2027, at a CAGR of around 7.6% between 2019 and 2027.
Artificial intelligence is finding lucrative applications across myriad sectors including recruitment. The new machine learning technology can also be employed to improve the efficacy of the recruitment procedure for firms by employing machine-learning and problem-solving methods to locate the best candidates for the post. Furthermore, a plethora of companies are now making use of AI solutions to enhance the speed of the recruitment process and make it more accurate. This new AI technology is devised to simplify or mechanize a component of the recruiting workflow, particularly repetitive tasks, and high-volume jobs.
Request Free Sample Copy of Research Report @ https://www.fnfresearch.com/sample/ai-recruitment-market-by-offerings-solutions-and-services-117
(The sample of this report is readily available on request. The free report sample contains a brief introduction to the research report, Table of Contents, Graphical introduction of regional analysis, Top players in the market with their revenue analysis and our research methodology.)
The growing use of AI in online application management of firms to drive the market trends
Artificial intelligence is assisting the firms in the recruitment of the candidates applying online. It helps the firm track the subjects from the database of the recruiting firm through sorting, searching, and analyzing of the data. It also assists the companies to prioritize many resumes and thus help in speeding up the selection of the candidates as well as recruit best-fit candidates.
Furthermore, AI helps in addressing the issues like saving the time of recruiters in screening & interviewing the applicants. Moreover, it assists the firms or recruiters in enhancing the quality of employee hires. Nevertheless, the low presence of personnel in the AI recruitment & low level of awareness about AI recruitment tools can pose a threat to the AI recruitment industry over the forecast period. Moreover, lack of proactiveness displayed by the firms in accepting new technologies by the sourcing & recruitment personnel along with low availability of technically skilled recruiters can hinder the market expansion.
Inquire more about this report before purchase @ https://www.fnfresearch.com/inquiry/ai-recruitment-market-by-offerings-solutions-and-services-117
Services segment to dominate the offerings landscape by 2027 in terms of value
The growth of the segment during the forecast timeline is due to the massive usage of the AI services provided by the vendors for recruiting the candidates either to recruiting agencies or the recruiting firms.
Enterprises segment to contribute majorly towards the overall market revenue share by 2027
The large-scale use of AI recruitment solutions by the enterprise's segment will steer the growth of the segment during the forecast period.
Request Customized Copy of Report @ https://www.fnfresearch.com/customization/ai-recruitment-market-by-offerings-solutions-and-services-117
Process automation to lead the application segment in terms of revenue
The growth of the segment during the forecast timeline is attributed to the favorable features of recruitment process automation through AI such as fast service, enhanced scalability & flexibility, improved cost-savings & productivity, and distinctive insights.
North America to contribute majorly towards the overall market revenue share by 2027
The regional market growth is due to the availability of robust technology infrastructure along with a high presence of AI recruitment software providers in the region.
Some of the key players in the market include Beamery, Brilent, Inc., Entelo, Inc., Gloat, Hackajob Ltd., Harver B.V., Hiretual, Ideal, Jobiak, Leoforce, LLC, Mya Systems, Inc., PandoLogic, Inc., Paradox, RampUp, INC, Recruitment Smart Technologies, Restless Bandit, Inc., TextRecruit LLC, Uncommon, Inc., Vanator, Wade & Wendy, Inc., Woo, and XOR.
Browse detail report with in-depth TOC @ https://www.fnfresearch.com/ai-recruitment-market-by-offerings-solutions-and-services-117
Browse Our Blog: https://www.technowalla.com
This report segments the AI Recruitment market as follows:
AI Recruitment Market: By Offerings Segment Analysis
Solutions
Services
AI Recruitment Market: By End-User Segment Analysis
Recruitment Firms
Enterprises
AI Recruitment Market: By Application Segment Analysis
Job Campaigning
Process Automation
Candidate Communication & Assistance (Chatbot)
Candidate Screening & Rediscovery
About Us:
Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Contact Us:
Facts & Factors
Global Headquarters
Level 8, International Finance Center, Tower 2,
8 Century Avenue, Shanghai,
Postal - 200120, China
Tel: +86 21 80360450
Email:
Web: https://www.fnfresearch.com
Sanu Thomas
Facts & Factors
+13863103803
email us here
Visit us on social media:
Twitter
LinkedIn
MENAFN2502202000703196ID1099755856
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.