GITNUX MARKETDATA REPORT 2024

Must-Know Hr Tech Industry Statistics [Latest Report]

Statistic 1

"By 2025, the global HR technology market is expected to reach $34 billion."

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Statistic 2

"The United States represents the largest HR Tech market, with 50% of all HR Tech deals happening in the country."

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Statistic 3

"The HR tech industry saw a 60% rise in job postings from 2019-2020."

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Statistic 4

"The HR software market in Asia Pacific region is projected to exhibit a CAGR of over 15% from 2019 to 2025."

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Statistic 5

"HR tech venture capital reached a new high in 2020 at nearly $1.7 billion."

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Statistic 6

"40% of all technology spending is directed towards digital transformation, with a significant part going to HR tech."

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Statistic 7

"Predictive analytics in HR tech is expected to grow by 10.5% by 2022."

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Statistic 8

"Approximately 69% of organizations are building integrated systems to analyze workforce data."

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Statistic 9

"88% of companies report they plan to increase HR tech spending in the future."

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Statistic 10

"The global HR Management Suite Software market is expected to reach $10.06 Billion by 2023."

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Statistic 11

"In 2019, around 16 billion dollars was invested in HRTech Start-ups globally."

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Statistic 12

"81% of companies believe mobile HR technology is an important part of their HR strategy."

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Statistic 13

"By 2026, North America’s HR tech market is expected to reach 3.5 billion USD."

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Statistic 14

"More than 60% of businesses plan to increase their investment in HR tech."

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Statistic 15

"The average company has 11 systems for managing HR data."

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Statistic 16

"53% of companies are planning to make a major new HR software purchase within the next 18 months."

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Statistic 17

"The HR software market in India expected to grow at a CAGR of over 11% during 2020-2024."

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Statistic 18

"22% of observed HR tech companies hail from Europe."

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Statistic 19

"50% of surveyed HR professionals indicate that HR tech has improved their firm’s recruiting efforts."

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