As of 2019, the personnel management and payroll segment accounted for the largest share in the HR tech market size. This segment's market share is predicted to drop by around two percentage points by 2025, decreasing to 55.6 percent from a share of 57.8 percent in 2019. On the other hand, the market share of the engagement and connectivity sector is predicted to increase by 14.5 percentage points by 2025. Much of this increase is driven by the advancements in remote work, a result of the COVID-19 lockdowns. Find more insights about the sector in the latest report on HR Tech.
Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment
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Statista. (January 1, 2021). Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/
Statista. "Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment." Chart. January 1, 2021. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/
Statista. (2021). Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/
Statista. "Estimated Market Share of Worldwide Hr Tech Industry in 2019 with a Forecast for 2025, by Segment." Statista, Statista Inc., 1 Jan 2021, https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/
Statista, Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment Statista, https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/ (last visited December 24, 2024)
Estimated market share of worldwide HR tech industry in 2019 with a forecast for 2025, by segment [Graph], Statista, January 1, 2021. [Online]. Available: https://www.statista.com/statistics/1197564/market-shares-hr-tech-by-segment/
