Latest News- Generative AI In HR Market: Machine learning is expected to lead the Technology segment during 2025-2029

The Generative AI In HR Market is being driven by Imperative for enhanced operational efficiency and productivity

The Generative AI In HR Market is expected to grow at a CAGR of 42.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 2498.8 million. The generative AI market in HR is experiencing a significant evolution, moving beyond task automation towards delivering personalized employee experiences at scale. Previously, AI applications focused primarily on automating routine tasks such as resume screening and answering basic policy inquiries. However, with the advent of generative AI, organizations can now offer a more nuanced and individualized approach throughout the entire employee journey. This shift is rooted in the recognition that a customized and supportive employee experience is essential for attracting, engaging, and retaining top talent. As a result, generative AI is being utilized to serve as a personal career advisor, a custom learning designer, and a sophisticated communications partner for each employee. 

Get more information on Generative AI In HR Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Technology
  • Machine learning
  • Natural language processing
  • Others
• Deployment
  • Cloud
  • On premises
• Application
  • Talent acquisition and recruitment
  • Learning and development
  • Employee engagement and communication
  • Performance management
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Imperative for enhanced operational efficiency and productivity
• Strategic shift toward improving employee experience
• Increasing accessibility and seamless integration of powerful AI models

However, the market also witnesses some limitations, which are as follows:

• Navigating data privacy, security, and evolving regulations
• Mitigating risks of algorithmic bias, inaccuracy, and lack of explainability
• Addressing high total cost of ownership and critical workforce skills gap

Benefits of Buying Global Generative AI In HR Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Generative AI In HR Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

In the HR sector, Generative AI is revolutionizing various processes through advanced technologies such as resume parsing software and interview scheduling AI. Candidate experience platforms, employee survey chatbots, and AI-powered performance reviews offer enhanced user experiences. HR data visualization and employee satisfaction AI ensure data-driven decision-making. Neural network architectures, text analysis algorithms, and data mining techniques power fairness assessment tools, attrition prediction models, and inclusive hiring practices. Salary equity analysis, feedback summarization AI, skill development platforms, and learning analytics platforms promote workforce optimization. Process optimization AI, career development AI, and leadership development AI cater to employee lifecycle management. Workforce planning tools, employee wellbeing programs, fraud detection AI, and regulatory compliance AI further streamline HR operations.

Market Research Overview

In the dynamic business landscape, the application software sector within the IT software market is experiencing significant growth, particularly in the HR domain. This segment encompasses ai-driven recruitment solutions, candidate screening ai, and talent acquisition platforms. These advanced technologies streamline processes, enhance efficiency, and improve candidate experience. Technavio's market analysis calculates the global IT software market size, which includes revenue generated by companies offering specialized business software, such as these HR solutions. These innovative tools enable organizations to optimize their talent acquisition strategies and remain competitive in today's labor market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/