How HubSpot Built a $1B Partner Ecosystem

The HubSpot Partner Ecosystem

An analysis of the strategies driving a projected $36 billion powerhouse by 2029.

$36B
Projected Ecosystem Revenue by 2029, with AI driving 40%

43.8%
Median Partner Revenue Growth Anticipated in 2025

250%+
Growth in Partner Co-Selling with HubSpot’s Direct Sales Team

Ecosystem Revenue Forecast: An Explosive Trajectory

2021: $7.4B

2025: $17.9B

2029: $36B

Where the Revenue Originates: Hub & Service Breakdown

Partner Revenue by Hub

62%
26%
8%
4%

Partner Revenue by Service Type

32%
22%
18%
18%
10%

Core Strategies and Future Opportunities

What role does AI play in the ecosystem’s future?+

AI is the single largest opportunity, projected to account for 40% of the ecosystem’s revenue, or **$15.2 billion, by 2029**. However, a significant monetization gap exists today: 50% of partners derive less than 10% of their revenue from AI services, while only 13% exceed 20%. The biggest growth is expected in AI-native services for the complex Operations and Data Hubs.

How critical is co-selling to partner success?+

Co-selling is a primary growth catalyst. In 2021, HubSpot saw a **250%+ increase in partner co-selling** with its direct sales team. This strategy leverages HubSpot’s market presence to empower thousands of service and app partners, enabling them to reach hundreds of thousands of businesses and close larger deals.

What is the impact of multi-hub adoption?+

Platform consolidation is key to customer stickiness and higher lifetime value. Today, **35% of Pro+ customers use four or more hubs**, up from 28%. This trend boosts the average revenue per user (ARPU), which stands strong at $11,312, and drives platform loyalty, making it harder for customers to switch to competitors.

The AI Monetization Gap: Challenge vs. Opportunity

Partners with <10% revenue from AI
50%

Partners with >20% revenue from AI
13%

This gap highlights a massive opportunity for partners who can successfully build and market specialized AI services.

Key Challenges to Overcome

AI Monetization Lag

Despite the $15.2B potential, half of all partners struggle to generate significant revenue from AI, indicating a need for new service models and expertise.

Fragmented Revenue

Revenue is heavily skewed towards the Marketing Hub (62%), while high-growth areas like Operations Hub remain nascent (4%), requiring diversification.

Sustaining Growth

Maintaining 21%+ growth amid intense CRM competition and a market shift away from “growth at all costs” demands a greater focus on profitability and efficiency.

Ready to Build Your Own Powerful Partner Ecosystem?

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