The Europe Artificial Intelligence In HR Market would witness market growth of 23.9% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Artificial Intelligence In HR Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,040.8 million by 2031. The UK market is exhibiting a CAGR of 22.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 25% during (2024 - 2031).
Beyond recruitment, AI is transforming other HR functions, such as employee engagement and retention. Employee engagement has become a critical factor in determining the success of a business. This is due to the fact that engaged employees yield higher levels of productivity and innovation, and they are also more likely to remain with the firm.
Additionally, Performance management is another HR area that AI is transforming. Often conducted annually, traditional performance evaluations are fraught with inefficiencies and biases. AI-powered performance management systems can provide continuous and objective assessments based on various data points. Training and development are other key HR functions where AI can add tremendous value.
French universities, schools, and educational institutions increasingly adopt AI to manage their teaching staff, optimize administrative processes, and improve talent acquisition for academic positions. The French government has been a key supporter of AI adoption in education through programs like the “National AI Strategy,” which focuses on advancing AI research and integrating AI technologies into public and private sectors. AI tools are used for recruitment, performance evaluations, and even curriculum planning, allowing HR departments to streamline operations and focus on improving educational outcomes.
Free Valuable Insights: The Global Artificial Intelligence In HR Market will Hit USD 15.9 Billion by 2031, at a CAGR of 24.4%
Based on Component, the market is segmented into Solution (Software Platforms, Virtual Assistants, Chatbots, Analytics Solutions, and Other Solutions Type), and Services (Implementation Services, Consulting Services, and Training & Support Services). Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Enterprise Size, the market is segmented into Large Enterprises, and SMEs. Based on Application, the market is segmented into Recruitment & Hiring, Employee Onboarding & Engagement, Performance Management, Employee Record Management, Payroll Processing, and Other Applications. Based on End Use, the market is segmented into IT & Telecommunication, Government, BFSI, Healthcare, Education, Manufacturing, Retail & eCommerce, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Component
By Deployment Mode
By Enterprise Size
By Application
By End Use
By Country
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