Our initial research uncovered various insights regarding the global Al-based recruitment market. However, we could not obtain segmented information catering to niche markets, in this case, software engineers. The data obtained is broad in nature and includes details about the overall Al-based recruitment market, of which the recruitment of software engineers is part.
Global Al-based Recruitment Market
- According to research conducted by IndustryARC, the market size for artificial intelligence (AI) in recruitment was valued at $580 million in 2019 and is projected to grow at a CAGR of 6.76% during 2020-2025.
- On the other hand, Absolute Market Insights projects that, in terms of revenue, the market will grow at a CAGR of 7.6% to reach $388.09 million by 2027 primarily driven by better recruitment funds allocation.
- Both reports identify the following as the key players: Entelo, Beamery, Hiretual, Brilent Inc, Gloat, hackajob, Harver B.V., Ideal, Jobiak, and Leoforce, LLC.
- One key driver behind the growth of this market is the increasing need for automated processes in recruitment, while one challenge facing the adoption of AI in recruitment is the lack of human touch.
Competitive Analysis: Entelo