The North America Artificial Intelligence In HR Market would witness market growth of 23.6% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $4,328.2 million by 2031. The Canada market is experiencing a CAGR of 25.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 25.2% during (2024 - 2031).
Artificial intelligence (AI) is revolutionizing a diverse array of industries, and the human resources (HR) sector is no exception. The AI industry is experiencing growth, as reported by the International Trade Administration.
Additionally, studies indicate that more than 90% of business executives who were surveyed concur that AI is essential for success in the years ahead. The same studies also found that over 60 percent of business owners believe AI will increase productivity, and 40 percent believe it would streamline job processes.
The adoption of artificial intelligence in HR across North America is experiencing a significant rise, driven by various sectoral demands and governmental support. The region’s well-established technological infrastructure and robust government support drive the demand for AI in HR solutions. Government programs like the U.S. National AI Initiative, Canada’s AI Strategy, and Mexico’s National Digital Strategy are pivotal in fostering AI growth across industries, including HR. According to a report by the U.S. Government, tech talent programs hiring as part of the AI Talent Surge saw an average 288% increase in AI applications in the first half of 2024 compared to previous periods.
Free Valuable Insights: The Artificial Intelligence In HR Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
By Component
By Deployment Mode
By Enterprise Size
By Application
By End Use
By Country
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