Lewes, DE -- (SBWire) -- 06/24/2015 --Report forecast the ERP market in China to grow at a CAGR of 14.25% over the period 2014-2019.
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.
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.
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.
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
Market Driver
- Increased demand for cloud-based ERP
- For a full, detailed list, view our report
Market Challenge
- High implementation costs
- For a full, detailed list, view our report
Market Trend
- Emergence of hybrid solutions
- For a full, detailed list, view our report
Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 65 pages and 20 Exhibits "ERP Market in China 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, China Overview, Market Landscape, Market Segmentation by Deployment, Market Segmentation by Deployment, Buying Criteria, Market Growth Drivers, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/erp-market-china-2015-2019
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