Artificial intelligence (AI) is transforming the way companies do business, and for IT development and engineering services, it’s a compelling growth driver. From streamlining processes and minimizing time-to-hire to providing more strategic intelligence to customers, AI is no fad—it’s a future-defining tool.
Market Snapshot: AI’s Impact on IT & Engineering Services
IT Industry: AI potential can increase productivity by up to 45% during the next five years in India’s IT industry, particularly in software development, consulting, and BPO services
Recruitment Industry: The international AI in recruitment market is set to grow from $661M (2023) to $1.05B by 2031, growing at a CAGR of 6.8%