As of 2019, the revenue generated worldwide in the HR tech market amounted to nearly 47.5 billion U.S. dollars. This figure is predicted to increase steadily in the following years, reaching a total value of 90 billion U.S. dollars by 2025. The positive trend appeares to apply to both incumbents and startups. For instance, the revenue generated by incumbents in the global HR tech market is predicted to increase from 45.45 billion U.S. dollars in 2019, to 82.62 billion U.S. dollars in 2025. Incumbents are in general more robust than startups. This was an advantage during the recession due to the COVID-19 pandemic. However, startups tend to be more innovative. Find more insights about the sector in the latest Statista's report on HR Tech.
Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025
(in billion U.S. dollars)
Adjust the presentation of the statistic and data points.
Share the statistic on social media channels or embed the statistic in your
website using "Embed Code", where available.
Cite this statistic and select one of the following formats: APA, Chicago, Harvard, MLA & Bluebook.
Print the statistic including description and metadata.
Chart type
Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025
Share this statistic
You have no right to use this feature.
Make sure to contact us if you are interested in scientific citation.
You can upgrade your account to enable this functionality for all statistics.
This feature is not available with your current account.Request access
*Forecast.
Incumbents are defined as companies established more than 10 years before the reference year. Startups are defined as companies established less than 10 years before the reference year.
Learn more about how Statista can support your business.
Statista. (January 1, 2021). Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 23, 2025, from https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
Statista. "Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars)." Chart. January 1, 2021. Statista. Accessed February 23, 2025. https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
Statista. (2021). Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 23, 2025. https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
Statista. "Estimated Revenue of Incumbents and Startups in Hr Tech Market Worldwide in 2019 with a Forecast until 2025 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Jan 2021, https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
Statista, Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/ (last visited February 23, 2025)
Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars) [Graph], Statista, January 1, 2021. [Online]. Available: https://www.statista.com/statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
Profit from additional features with an Employee Account
Please create an employee account to be able to mark statistics as favorites.
Then you can access your favorite statistics via the star in the header.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.