Global Artificial Intelligence In Hr Market Growth Rate 2024, Forecast To 2033
8 Mar, 2024
The artificial intelligence in HR market, worth $5.28 billion in 2023, is projected to hit $6.18 billion in 2024, growing at a CAGR of 17.1%. Talent management demands and analytics capabilities drive this growth. Forecasts suggest an increase to $11.63 billion by 2028, led by personalized career development needs and ethical AI implementation, alongside trends like conversational AI and predictive performance analysis.
Global Artificial Intelligence in HR Market Key Driver
The artificial intelligence in the HR market is witnessing growth driven by the rising demand for automation in HR operations. As organizations seek to improve efficiency and decision-making in HR processes, AI technologies are increasingly adopted.
Get A Free Sample Of The Global Artificial Intelligence in HR Market ReportGlobal Artificial Intelligence in HR Market Segments
The artificial intelligence in hr market covered in this report is segmented –
1) Offering:Hardware, Software, Services
2) Technology:Virtual Assistants, Metaverse, AI Chatbot, People Analytics, Machine Learning, Computer Vision, Natural Language Processing, Other Technologies
3) Enterprise Size:Small And Medium Enterprises, Large Enterprises
4) Application:Workforce Management, Talent Management, Payroll Management, Performance Management, Recruitment, Hiring, Other Applications
5) Industry:Academic, Banking, Financial Services and Insurance (BFSI), Government, Healthcare, Information Technology(IT) And Telecom, Manufacturing, Retail, Other Industries
By Geography: The countries covered in the artificial intelligence in hr market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the artificial intelligence in HR market in 2023. The regions covered in the artificial intelligence in hr market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Artificial Intelligence in HR Industry Players
IBM Corporation; Oracle Corporation; SAP SE; Automatic Data Processing Inc.; Workday Inc.; Infor; Ceridian HCM Inc.; Cegid Group; Cornerstone OnDemand Inc.; JobTeaser; Phenom People Inc.; Eightfold AI; Simpplr; Beamery Inc.; HireVue Inc.; Jobvite Inc.; EdCast Inc.; Harver B.V.; SmartRecruiters; Gloat; Aisera; PageUp People Pty; JobAdder Operations Pty Ltd.; Entelo Inc.; Textio; Cezanne HR Limited; Brazen Technologies Inc.; Pymetrics Inc.
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Artificial Intelligence in HR Market Overview
Artificial intelligence (AI) in HR refers to using machine learning algorithms and advanced technologies to automate and enhance human resource processes and tasks. It involves leveraging AI capabilities to analyze data, make predictions, and assist in decision-making related to HR functions.