London, 12 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the enterprise resource planning market in China 2015-2019, which is expected to grow at a CAGR of 14.25% during the forecast period of 2014-2019.
Increasing demand from small and medium-sized enterprises (SMEs) in the manufacturing and construction sector contribute towards market growth in the enterprise resource planning (ERP) market in China. Cloud based ERPs provide additional benefits such as cost savings, low maintenance, and quick time-to-market. These benefits in turn trigger market growth and help to increase the revenue generated by this market.
“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,” says Faisal Ghaus, Vice President of Technavio.
“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.”
Key Market Drivers:
- Increased Demand from SMEs.
- Reduced Operational Costs.
- Rise in Wages.
- Increased Demand for Cloud-based ERP Solutions.
Key Market Trends:
- Emergence of Hybrid Solutions.
- Increased Demand for Mobile ERP Solutions.
- Emergence of Advanced ERP Systems.
- Shift in Focus from Finance Module of ERP.
Key Market Vendors:
- Inspur
- Kingdee Software (China) Co. Ltd.
- Oracle Corp.
- QAD Inc.
- SAP AG
- Yonyou Software Co. Ltd.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
