AI Recruitment Market: Recent Trends and Growth Opportunities
The global AI Recruitment Market has seen significant growth, reaching US$ 605.4 Million in 2022 and projected to reach US$ 1,019.1 Million by 2030, with a CAGR of 6.7% during the forecast period from 2024-2031.
Recent Mergers and Acquisitions in the United States:
– SoundHound AI acquired Interactions for $60 million, enhancing its capabilities in agentic AI and expanding its presence in enterprise customer service markets.
– Vibranium Labs raised $4.6 million in seed funding to develop AI agents for IT issue resolution.
– LinkedIn’s Hiring Assistant, an AI agent for recruiters, was globally launched, automating repetitive tasks.
– Workday acquired Sana for $1.1 billion to strengthen its AI agent capabilities in HR and finance.
– Walmart integrated AI tools like ChatGPT into its recruitment strategy to identify potential candidates for leadership roles.
In Japan:
– SoftBank’s joint venture with OpenAI, SB OpenAI Japan, faced delays but expects progress updates soon.
– LayerX raised ¥15 billion in Series B funding to automate business workflows, including recruitment processes.
– The Japanese government allocated ¥196.9 billion for AI-related activities in fiscal year 2025 to strengthen AI development strategies.
In Canada:
– Cohere opened a new office in Paris to expand its presence in Europe and meet growing demand for AI services.
In Europe:
– French startup Mistral continued to grow amid increasing demand for AI services, positioning itself as a competitor to companies like Cohere.
– The French government aimed to establish France as a European AI hub to attract investments and strengthen digital sovereignty.
In Australia:
– Atlassian announced plans to acquire engineering intelligence firm DX for $1 billion to enhance its engineering and developer tools capabilities.
The AI Recruitment Market leverages artificial intelligence technologies to streamline the hiring process, reduce bias, improve efficiency, and support data-driven talent acquisition decisions.
Key Players in the market include SAP SE, Zoho Corporation, Google LLC, IBM Corporation, Oracle Corporation, and others.
The market is expected to witness substantial growth during the forecast period, driven by key players’ adoption of strategies and emerging trends in the industry.
For more detailed insights and customized reports, contact DataM Intelligence, a leading Market Research and Consulting firm providing end-to-end business solutions to organizations worldwide.
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