Generative Artificial Intelligence (AI) In Human Resources (HR) Market Growth Outlook: Trends, Market Size, and Opportunities Over the Next Decade
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Drivers Are Shaping the Growth and Development of theGenerative Artificial Intelligence (AI) In Human Resources (HR) Market?
Rising demand for automation is likely to support generative AI in human resources. As businesses seek efficiency and accuracy, automation helps reduce manual efforts. Generative AI streamlines HR by managing candidate screening, creating job descriptions, and evaluating performance. A January 2022 report by the DCMS and Capital Economics predicted AI adoption to grow from 15.1% in 2020 to 22.7% in 2025, with around 1.3 million businesses using AI by 2040. This trend is advancing AI use in HR.
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What is the Predicted Annual Growth Rate of theGenerative Artificial Intelligence (AI) In Human Resources (HR) Market Impact Industry Trends by 2034?
The generative AI in human resources (HR) market size will grow from $0.63 billion in 2024 to $0.75 billion in 2025, with a CAGR of 18.3%. The historic growth is attributed to the rise in data-driven decision-making, growing demand for personalized employee experiences, advancements in recruitment processes, the emergence of advanced analytics tools, and the shift to remote and hybrid work environments.
The generative AI in human resources market size is projected to reach $1.45 billion in 2029 at a CAGR of 17.9%. The growth is attributed to AI adoption in workforce management, demand for employee engagement strategies, real-time feedback, continuous learning, predictive analytics, and AI-HR system integration. Key trends include AI-powered chatbots, machine learning for talent management, personalized employee experiences, AI in recruiting, performance management, and cloud-based AI solutions.
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Which Cutting-Edge Market Trends Are Expected to Drive theGenerative Artificial Intelligence (AI) In Human Resources (HR) Market’s Growth?
In the human resources (HR) market, companies are developing proprietary AI technology to enhance recruitment, automate HR tasks, and improve workforce management. For instance, Beamery launched TalentGPT in March 2023, which personalizes HR processes using both proprietary AI and large language models. This technology adapts to specific organizational needs, transforming HR practices by offering highly customized solutions.
What Are the Leading Market Players Impacting theGenerative Artificial Intelligence (AI) In Human Resources (HR) Market’s Growth Trend?
Major companies operating in the generative artificial intelligence (AI) in human resources (HR) market are International Business Machines Corp., Oracle Corporation, SAP SE, Automatic Data Processing Inc, Workday Inc., Cegid Group S.A., Cornerstone OnDemand Inc, Phenom People Inc, Jobvite Inc, Harver B.V., Eightfold AI Inc., Beamery Inc., Paradox Inc., Workable Technology Limited, ClearCompany Inc., Aisera Inc., Gloat Inc, JobAdder Operations Pty Ltd, SeekOut, TEXTIO INC., TalentGuard Inc., Cezanne HR Limited, Pymetrics Inc
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How Are the Key Segments of the Generative Artificial Intelligence (AI) In Human Resources (HR) Market Driving Opportunities and Innovations?
The generative artificial intelligence (AI) in human resources (hr) market covered in this report is segmented –
1) By Technology: Machine Learning, Natural Language Processing, Deep Learning, Computer Vision, Robotic Process Automation
2) By Deployment Mode: Cloud-Based, On-Premise
3) By Application: Recruiting And Hiring, Onboarding, Performance Management, Improved Efficiency, Other Applications
Subsegments:
1) By Machine Learning: Predictive Analytics For Employee Retention, Talent Acquisition And Recruitment Optimization, Performance Evaluation Models, Employee Engagement Analysis, Skills Gap Analysis
2) By Natural Language Processing (NLP): Automated Resume Screening And Parsing, Chatbots For Candidate Interaction, Sentiment Analysis Of Employee Feedback, Personalized Communication And Engagement Tools, Job Description Optimization
3) By Deep Learning: Candidate Skill Matching And Assessment, Video Interview Analysis, Employee Training Personalization, Advanced Predictive Models For Workforce Planning, Learning Experience Platforms (LEPs)
4) By Computer Vision: Facial Recognition For Attendance Tracking, Analysis Of Employee Behavior And Engagement, Virtual Reality (VR) For Training Simulations, Safety Monitoring In Workplace Environments, Automated Visual Inspections For Facilities Management
5) By Robotic Process Automation (RPA): Automating Repetitive HR Tasks (e.g., Onboarding), Data Entry And Record Management Automation, Payroll Processing And Compliance Automation, Employee Self-Service Portals, HR Reporting And Analytics Automation.
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What Regions Are At the Forefront of #What Drivers Are Shaping the Growth and Development of theGenerative Artificial Intelligence (AI) In Human Resources (HR) Market?# Market Expansion?
North America was the largest region in the generative artificial intelligence (AI) in human resources (HR) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the generative artificial intelligence (AI) in human resources (HR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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