智研咨询—2026年中国HCM SaaS行业市场全景调查及投资策略研究报告

Core Insights - The Human Capital Management (HCM) industry focuses on solutions and services for recruiting, managing, developing, retaining, and optimizing talent, covering various segments such as recruitment, assessment, core HR, performance, succession, and online learning [1][6] - The HCM SaaS market in China is projected to grow from CNY 2.43 billion in 2020 to CNY 5.13 billion by 2024, with a compound annual growth rate (CAGR) of 20.5%, reaching CNY 5.73 billion by 2025 [1][3][9] - The market is driven by the increasing number of enterprises and rising labor costs, necessitating digital transformation to enhance efficiency and innovate workflows [1][3] Market Segmentation - The HCM SaaS market is divided into six sub-markets: employee performance management, recruitment/talent acquisition, core HR, workforce management, learning management, and compensation management [1][3] - In 2024, the core HR segment is expected to hold approximately 26% of the market share, followed by recruitment management at 19% and learning management at around 14% [1][3][9] Competitive Landscape - The HCM SaaS vendors in China can be categorized into three groups: international giants like SAP, Oracle, and Workday; domestic traditional software companies like Inspur, Kingdee, and Yonyou; and emerging domestic firms such as Beisen, Licaiwang, CDP, and Yilu [1][4] - The market concentration is relatively low, with the top five companies expected to hold about 49% of the market share by 2024, with Beisen leading at approximately 15% [1][4] Future Trends - The HCM SaaS market is anticipated to achieve steady growth, driven by the integration of AI technology, which will foster innovation within the industry [4] - The dual-driven capability of "platform + intelligent agents" is expected to become a core engine for market growth, alongside increasing focus on data security, privacy protection, and globalization [4]