ERP Market in China 2015-2019
ERP refers to enterprise application software that helps integrate various business functions such as production, marketing, HR, and sales. It facilitates the flow of information between various processes in an organisation. The software suite consisting of various modules, such as inventory management, financial management, project management etc., helps organizations make better decisions, reduces operational costs, and enhances productivity. Traditionally, ERP software was used by organizations for financial management activities.
Technavio's analysts forecast the ERP market in China to grow at a CAGR of 14.25% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the ERP market in China for the period 2015-2019. To calculate the market size, the report considers revenue generated from ERP solutions, software, tools, applications, services, support, and maintenance.The report also presents the vendor landscape and a corresponding detailed analysis of the six major vendors in the market. It covers the major drivers, challenges, and trends in the market. It also provides segmentation based on deployment type and end-users.
Technavio Announces the Publication of its Research Report – ERP Market in China 2015-2019
Technavio recognizes the following companies as the key players in the ERP market in China: Inspur, Kingdee, Oracle, QAD, SAP and Yonyou
Other Prominent Vendors in the market are: 800App, Aisino, Camelot, Netsuite, Neusoft and YGSoft
Commenting on the report, an analyst from Technavio’s team said: “ERP vendors in the region are providing capabilities to deploy applications through the on-premise as well as cloud models. The on-premises solutions provide organizations with much-needed flexibility and security at a premium price. The cloud-based solutions provide similar features and functionality, but with less customization and security. Therefore, many organizations are embracing a hybrid approach to utilize the benefits offered by both. Thus, many vendors in the ERP market in China are now offering and adopting a hybrid model for developing and deploying ERP solutions.”
According to the report, SMEs form the backbone of the Chinese economy. Most of the SMEs are engaged in manufacturing and are very labor intensive. The deployment of ERP solutions can help SMEs gain competitive advantage in the market. ERP improves operational efficiency and ensures less time-to-market, which helps organizations grow and meet customer demand, and gain competitive advantage. Hence, the demand for ERP solutions has risen in recent years in China.
Further, the report states that high implementation costs discourages SMEs from investing in ERP solutions, which negatively impacts the growth of the market in China.
Inspur, Kingdee, Oracle, QAD, SAP, Yonyou, 800App, Aisino, Camelot, Netsuite, Neusoft, YGSoft