Research conducted by Technavio reveals, that the Enterprise Resource Planning (ERP) market is expected to grow at a CAGR of 15.9 percent.
London, UK - June 29, 2011 -- Research conducted by Technavio reveals, that the Enterprise Resource Planning (ERP) market is expected to grow at a CAGR of 15.9 percent. The report, which focuses exclusively on China indicates, that the market is currently driven by the increasing demand from small and medium businesses (SMBs).
“There is an increasing demand from the SMBs to improve their infrastructure and with spreading out of operations; they are facing the same challenges which were earlier faced by the bigger enterprises. SMBs account for more half the demand for ERP in China,” reports Technavio analyst.
In spite of the need, the time consuming implementation process hinders the growth of this market. However, the favorable government policies are expected to promote market growth.
The Chinese ERP market is marked by the increasing adoption of the SaaS model. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, ERP Market in China 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis.
Companies mentioned in this report include: UFIDA Software Co. Ltd., Inspur Co.Ltd., Kingdee International Software Group Co. Ltd., SAP AG and Oracle Corp.
For more information please visit http://www.technavio.com/content/erp-market-china-2010-2014 or email email@example.com.
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