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Title: AI Recruitment Market to Surge to US$ 1,019.1 Million by 2031: Revolutionizing Talent Acquisition

India, 31st Jul 2024 - The global AI recruitment market, valued at US$ 605.4 million in 2023, is projected to reach US$ 1,019.1 million by 2031, growing at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031. As per the latest study published by DataM Intelligence, this significant growth underscores the transformative impact of AI on talent acquisition processes.This growth is fueled by the increasing availability and adoption of AI recruitment solutions that enhance hiring processes.Key Industry Insights & Findings from the Report:Market Growth: From US$ 605.4 million in 2023 to US$ 1,019.1 million by 2031.CAGR: 6.7% (2024-2031)Innovative Solutions: InCruiter launched InCBot for unbiased hiring.Technological Integration: AI tools use data analytics and predictive modeling.Regional Dominance: North America leads, influenced by remote work trends.Key Players: SAP SE, Zoho Corporation, Google LLC, IBM Corporation, among others.Market Trends:AI recruitment solutions are becoming increasingly popular due to their ability to streamline and optimize hiring processes. For instance, InCruiter launched InCBot, an AI interview solution, in September 2023. This tool enhances candidate experience by conducting interviews 24/7 across various roles and providing real-time feedback, thereby improving the overall quality of hires. AI tools leverage data analytics and predictive modeling, allowing organizations to make data-driven decisions and continuously refine their recruitment strategies.Download Free Sample Copy: https://www.datamintelligence.com/download-sample/ai-recruitment-marketMarket Segmentation:By Product:SolutionServicesBy Application:Process automationCampaigningCandidate screeningCandidate communicationBy End-User:Retail and...

This press release is issued by King Newswire