PUBLISHER: Grand View Research | PRODUCT CODE: 1554155
PUBLISHER: Grand View Research | PRODUCT CODE: 1554155
The global artificial intelligence in HR market size was estimated at USD 3.25 billion in 2023 and is projected to grow at a CAGR of 24.8% from 2024 to 2030. The automation of recruitment processes is anticipated to drive the market growth. AI-powered tools streamline candidate sourcing, resume screening, and interview scheduling, drastically reducing time-to-hire and improving the quality of hires. Automated systems can analyze vast amounts of data to identify the best candidates, ensuring a more efficient and unbiased recruitment process. This trend is particularly beneficial for large organizations and industries with high turnover rates.
Artificial intelligence (AI) is revolutionizing employee engagement by providing personalized experiences and support. AI-driven platforms offer tailored career development plans, training programs, and real-time feedback, enhancing employee satisfaction and retention. These tools analyze employee data to identify engagement trends and predict potential issues, allowing human resource (HR) teams to proactively address concerns. The ability to deliver personalized experiences at scale is driving widespread adoption.
The integration of AI is enabling advanced workforce analytics, providing deep insights into employee performance, productivity, and satisfaction. AI-powered analytics tools can identify patterns and trends, offering actionable insights for strategic decision-making. This data-driven approach helps organizations optimize workforce planning, identify skill gaps, and improve overall organizational performance. The demand for sophisticated analytics solutions is a key driver of market growth.
AI technologies are improving compliance and risk management in HR by ensuring adherence to legal and regulatory requirements. AI-driven systems can monitor and analyze HR practices, flagging potential compliance issues and reducing the risk of legal complications. These tools also enhance data security by safeguarding sensitive employee information. The growing emphasis on regulatory compliance and risk mitigation is fostering the adoption of AI solutions in HR operations.
Global Artificial Intelligence In HR Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global artificial intelligence inHR market report based on component, deployment mode, enterprise size, application, end use, and region: