AI Recruitment Market: Business Strategies, Future Growth Study, Industry Key Growth Factor Analysis and Competitive Landscape
AI Recruitment Market Analysis
Market Dynamics
The AI (artificial intelligence) recruitment market 2020 can gain grounds at a significant rate between 2019 and 2025 (review period), says Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
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COVID-19 Analysis
The trend of deploying AI in recruitment processes has become even more prevalent after the COVID-19 outbreak and the lockdown imposed due to the pandemic. Whether offices are currently working as teleworking, planning or are normal, SARS-CoV-2 has steered their focus more towards artificial intelligence tools to streamline hiring as well as recruiting, while continuing the practice of social distancing.
The novel coronavirus has boosted the use of video interview tools along with various online candidate review tools that largely use AI and its decision-making capabilities. COVID-19 seems to have boosted the number of live interviews that use platforms like Zoom, Skype, and more. In the current crisis, companies are now even more focused on drawing in candidates that are ideal for the organization. Higher deployment of AI chatbots post the SARS-CoV-2 has led to the emergence of opportunities in the AI recruitment market.
To illustrate, in June 2020, CareerBuilder upgraded its Talent Acquisition Suite by adding innovative tools that help deal with the issues faced during recruitment, while helping HR managers reach out to the top-tier candidates. The additional tools include a Talent Discovery Platform that now boasts of artificial intelligence/AI as well as machine-learning abilities that enable firms quickly discover an ideal talent.
Competitive Landscape
Chatbots, digitized interviews, and recruitment bots are presumed to drive the AI recruitment market growth worldwide. The global AI recruitment market could be challenged by lack of professional services for deployment, nevertheless, organizations in the AI recruitment market will carry the growth rate forward. The AI recruitment market research report presents company profiles of major companies active in the AI Recruitment Market Analysis globally. Furthermore, the global AI recruitment market report offers an all-inclusive analysis of the market collected from the AI recruitment market’s primary and secondary sources covering both decision makers and thought leaders. The AI recruitment market research report highlights such key areas assisting businesses operating in the AI recruitment market to build better growth strategies.
Industry News
PredictiveHire, an Australian technology firm which has developed straightforward AI-assisted recruitment solutions, today announced a global release of its Fair AI recruitment platform to educate HR management in evaluating AI technology for use in their organisations. The framework has been launched to start discussions on HR technology transparency against an explosion of AI solutions in the field, with many using "blackbox" algorithms.
Regional Overview
North America, Europe, Asia Pacific and the rest of the world regional market for AI recruitment are predominantly covered in the global AI recruitment market research report. Country-level AI recruitment markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level AI recruitment markets are covered in the report. In Asia-Pacific (APAC) region, the country-level AI recruitment markets covered are Japan, India, China, and others. The AI recruitment market research report also explores the regional market for AI recruitment present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The AI recruitment market research report also covers regional markets from the rest of the world alongside AI recruitment markets of Africa and the Middle East.
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