AI in Human Resources Market Know the Scope and Trends

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global AI in Human Resources Market – (By Type (Recruitment and Selection, Employee Onboarding, Performance Management, Talent Management, Workforce Planning and Analytics, Employee Engagement, Learning and Development), By Application (Resume Screening, Candidate Matching, Predictive Analytics for Employee Success, Skill Gap Analysis, Personalized Learning Paths, Employee Feedback and Sentiment Analysis, Succession Planning, Compensation and Benefits Optimization), By Deployment Mode (Cloud-based, On-premises), By Organization Size (Small and Medium-sized Enterprises (SMEs), Large Enterprises)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global AI in Human Resources Market is valued at US$ 4.3 Bn in 2023, and it is expected to reach US$ 25.0 Bn by 2031, with a CAGR of 24.8% during the forecast period of 2024-2031.

Request For Free Sample Pages:

https://www.insightaceanalytic.com/request-sample/2750

Artificial Intelligence (AI) in human resources refers to the application of AI technologies to enhance and automate various HR functions. These include resume screening, interview scheduling, and preliminary candidate assessments. The growing demand for automation, digitalization, and agility in HR operations is driving the expansion of the AI in Human Resources market.

AI enables the automation of critical processes such as recruitment, talent acquisition, performance evaluation, employee engagement, and workforce planning, all supported by real-time data analytics. By leveraging AI-driven insights, HR professionals can make more informed and data-backed decisions regarding employee performance and development. However, factors such as the high implementation cost of AI systems and skepticism surrounding the accuracy and fairness of AI-based assessments continue to challenge market growth. 

List of Prominent Players in the AI in Human Resources Market:

·      IBM Corporation

·      Oracle Corporation

·      SAP SE

·      ADP, LLC

·      Workday, Inc.

·      Ultimate Software Group, Inc.

·      Cornerstone OnDemand, Inc.

·      Kronos Incorporated

·      Ceridian HCM, Inc.

·      Talentsoft

·      PeopleStrong HR Services Pvt. Ltd.

·      Phenom People, Inc.

·      Visier, Inc.

·      Entelo

Market Dynamics:

Drivers-

The rising demand for automation and efficiency is propelling the adoption of Artificial Intelligence (AI) in human resources. Organizations are increasingly leveraging AI to automate repetitive administrative tasks such as resume screening and interview scheduling, allowing HR professionals to focus on more strategic functions. AI enhances recruitment by providing data-driven insights and minimizing biases in the hiring process. Furthermore, AI tools promote employee engagement and retention by offering personalized learning and career development opportunities.

Curious About This Latest Version Of The Report? Enquiry Before Buying: https://www.insightaceanalytic.com/enquiry-before-buying/2750

Challenges:

Despite its potential, several challenges hinder the growth of AI in human resources. High implementation costs, concerns regarding data privacy and security, and the need for skilled professionals to manage AI systems remain key obstacles. Since AI solutions handle sensitive employee information, ensuring compliance with data protection regulations and safeguarding against cyber threats are critical issues. The integration of AI into existing HR systems also demands substantial investment and effective change management. 

Regional Trends:

North America is expected to dominate the AI in Human Resources Market, driven by strong technological infrastructure, substantial investments in AI solutions, and a focus on enhancing workforce productivity through data-driven HR practices. The region’s emphasis on innovation and automation is fostering rapid adoption across industries. Europe also holds a significant share of the market, supported by stringent regulatory standards, growing awareness of ethical AI usage, and an increasing focus on improving workforce efficiency and decision-making through advanced AI technologies.

Recent Developments:

• In July 2024, HireVue, the world’s first and biggest company in Human Potential Intelligence, announced the results of a new AI survey. The survey asked 3,100 workers and 1,000 HR professionals in the U.S. and U.K. to share their thoughts on how AI is used in hiring.

For More Customization @

https://www.insightaceanalytic.com/customisation/2750

Segmentation of AI in the Human Resources Market-

By Type-

·      Recruitment and Selection

·      Employee Onboarding

·      Performance Management

·      Talent Management

·      Workforce Planning and Analytics

·      Employee Engagement

·      Learning and Development

By Application-

·      Resume Screening

·      Candidate Matching

·      Predictive Analytics for Employee Success

·      Skill Gap Analysis

·      Personalized Learning Paths

·      Employee Feedback and Sentiment Analysis

·      Succession Planning

·      Compensation and Benefits Optimization

By Deployment Mode-

·      Cloud-based

·      On-premises

By Organization Size-

·      Small and Medium-sized Enterprises (SMEs)

·      Large Enterprises

By Region-

North America-

·      The US

·      Canada

·      Mexico

Europe-

·      Germany

·      The UK

·      France

·      Italy

·      Spain

·      Rest of Europe

Asia-Pacific-

·      China

·      Japan

·      India

·      South Korea

·      South East Asia

·      Rest of Asia Pacific

Latin America-

·      Brazil

·      Argentina

·      Rest of Latin America

 Middle East & Africa-

·      GCC Countries

·      South Africa

·      Rest of the Middle East and Africa

Get More Information :

https://www.insightaceanalytic.com/report/ai-in-human-resources-market/2750

About Us:

InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.

Contact Us:

info@insightaceanalytic.com

InsightAce Analytic Pvt. Ltd.

Visit: www.insightaceanalytic.com

Tel : +1 607 400-7072

Asia: +91 79 72967118

Follow Us on LinkedIn @ bit.ly/2tBXsgS

Follow Us On Facebook @ bit.ly/2H9jnDZ

Twitter: https://twitter.com/Insightace