The Latin America, Middle East and Africa Artificial Intelligence In HR Market would witness market growth of 27.3% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA 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 $329.4 million by 2031. The Argentina market is showcasing a CAGR of 28.7% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 26.9% during (2024 - 2031).
AI also improves recruitment by utilizing NLP, which enables machines to comprehend and evaluate human language in job applications, cover letters, and resumes. By applying NLP to candidate screening, companies can automatically match job descriptions with the most relevant resumes, even if the candidates use different terminology to describe their qualifications.
Moreover, AI in recruitment significantly reduces biases, one of the major challenges of traditional hiring processes. Human recruiters are often influenced by unconscious biases, which can lead to decisions based on factors like gender, ethnicity, or appearance rather than the candidate’s actual qualifications.
Governments across LAMEA are implementing initiatives to foster digital transformation, and AI adoption is becoming increasingly important in sectors such as IT and telecommunications, retail, e-commerce, and manufacturing. As one of Latin America’s largest technology hubs, Brazil’s expanding IT industry requires efficient HR solutions to manage its large, skilled workforce. The Brazilian government has launched several initiatives, such as the “Digital Transformation Strategy (E-Digital)” and the “AI National Strategy,” aimed at promoting AI across sectors, including HR. According to the International Trade Administration, the IT sector in Brazil grew by 3% in 2022, with AI adoption in HR playing a critical role in managing talent acquisition, payroll automation, and employee engagement.
Free Valuable Insights: The Worldwide Artificial Intelligence In HR Market is Projected to reach 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Component
By Deployment Mode
By Enterprise Size
By Application
By End Use
By Country
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