Latin America Artificial Intelligence In Hr Market Size & Outlook
The artificial intelligence in hr market in Latin America is expected to reach a projected revenue of US$ 1,087.8 million by 2030. A compound annual growth rate of 25% is expected of Latin America artificial intelligence in hr market from 2024 to 2030.
Revenue, 2023 (US$M)
$228.0
Forecast, 2030 (US$M)
$1,087.8
CAGR, 2024 - 2030
25%
Report Coverage
Latin America
Latin America artificial intelligence in hr market, 2018-2030 (US$M)
Latin America artificial intelligence in hr market highlights
- The Latin America artificial intelligence in hr market generated a revenue of USD 228.0 million in 2023.
- The market is expected to grow at a CAGR of 25% from 2024 to 2030.
- In terms of segment, solutions was the largest revenue generating component in 2023.
- Solutions is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 228.0 million |
| Market revenue in 2030 | USD 1,087.8 million |
| Growth rate | 25% (CAGR from 2023 to 2030) |
| Largest segment | Solutions |
| Fastest growing segment | Solutions |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solutions |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global artificial intelligence in hr market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,340.7 million by 2030.
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Artificial Intelligence In HR Market Scope
Artificial intelligence in hr market segmentation & scope
Virtual Assistants
Software Platforms
Analytics Solutions
Others
Services
Implementation Services
Consulting Services
Training and Support Services
Deployment Mode
Cloud-based
On-premises
Enterprise Size
Small and Medium Enterprises (SMEs)
Large Enterprises
Application
Recruitment and Hiring
Employee Onboarding and Engagement
Employee Record Management
Performance Management
Payroll Processing
Others
End Use
BFSI
Healthcare
IT & Telecommunication
Retail & E-Commerce
Manufacturing
Education
Government
Others
Countries
U.S.
Canada
Mexico
France
Germany
Italy
Norway
Spain
UK
Sweden
China
India
Japan
Australia
South Korea
Thailand
Saudi Arabia
South Africa
UAE
Kuwait
Brazil
Argentina
Artificial Intelligence In HR Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America artificial intelligence in hr market
Related regional statistics
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