*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.
Citation formats
Revenue of incumbents and startups in worldwide HR tech market 2019-2025
As of 2019, the revenue generated worldwide in the HR tech market amounted to nearly **** billion U.S. dollars. This figure is predicted to increase steadily in the following years, reaching a total value of ** billion U.S. dollars by 2025. The positive trend appears 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 billion U.S. dollars in 2019, to 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  ÌÇÐÄÆƽâ°æ's report on HR Tech.
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ÌÇÐÄÆƽâ°æ. (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 ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
ÌÇÐÄÆƽâ°æ. "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. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
ÌÇÐÄÆƽâ°æ. (2021). Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
ÌÇÐÄÆƽâ°æ. "Estimated Revenue of Incumbents and Startups in Hr Tech Market Worldwide in 2019 with a Forecast until 2025 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Jan 2021, /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
ÌÇÐÄÆƽâ°æ, Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/ (last visited August 04, 2026)
Estimated revenue of incumbents and startups in HR tech market worldwide in 2019 with a forecast until 2025 (in billion U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, January 1, 2021. [Online]. Available: /statistics/1186635/revenue-of-incumbents-and-startups-worldwide-hr-tech/
