Recently, global authoritative consultancy IDC released the "HCM SaaS Market Tracking Report in China in the second half of 2018". According to the report, in 2018, Beisen's share in the HCM SaaS market reached 17.6%, surpassing other foreign manufacturers such as SAP and Oracle, and ranking first in the Chinese market. Since 2016, Beisen has been leading the human resource cloud service market in China for three consecutive years.
After nearly ten years of development, China's SaaS industry has maintained a rapid development trend. In the enterprise software service market, various segments represented by HCM have ushered in the spring of development. IDC statistics show that in the second half of 2018, the growth rate of HCM SaaS market is as high as 47.4%, which is faster than the overall SaaS market, and is 5 times the growth rate of traditional OP software deployment.
IDC believes that as more and more enterprises enter the wave of digital innovation, HCM will have a promising growth rate in the future. Among them, the creation of PaaS platform, AI application scenarios that meet business needs and powerful ecological cooperation system will all become the factors of differentiation for manufacturers. This is highly consistent with the three-year product strategy of Beisen integration, platform and ecology. Ji Weiguo, co-founder and CEO of Beisen, has said that the formal commercialization of Beisen PaaS platform has built the foundation for the company to make full progress. Beisen has four innovation engines, including PaaS platform development Center, Talent Management Research Institute, Big data analysis and Application Research Laboratory, and AI Intelligent Scene Laboratory. The personalized development and opening capability of PaaS, as well as the talent management expertise of Beisen for 16 years, have all become a strong moat for Beisen to continue to lead the HCM SaaS market.
Founded in 2002, Beisen is building its own unique HR software products and employee service ecosystem. Beisen not only provides enterprises with integrated SaaS software and services covering the whole process of HR business, such as assessment, recruitment, performance, organization and personnel, compensation, leave attendance, succession, survey and On-boarding, but also meets the personalized and independent development needs of medium and large enterprises through its own PaaS platform.
To date, more than 5,000 medium and large enterprises have used Beisen's innovative technology to gain scientific talent data insight and employee empowerment experience, moving from talent success to business success. They are widely distributed in finance, automobile, real estate, Internet, new retail and other industries, including China Life Insurance, China Pacific Insurance, China Merchants Bank, SAIC General Motors, Geely, Country Garden, Vanke, Alibaba, Jingdong, Haier, HNA Group, Homelink and many other leading enterprises.
