Enjoy complimentary customisation on priority with our Enterprise License!
The China - Enterprise Resource Planning (ERP) Market size is estimated to grow at a CAGR of 10.15% between 2022 and 2027. The market size is forecast to increase by USD 2,960.34 million. The growth of the market depends on several factors, including the growing focus on improving operational efficiency among enterprises, the increasing demand for ERP solutions among SMEs, and the enterprises seek supply chain traceability and visibility. ERP refers to integrated software systems that streamline and automate numerous business activities inside an organization. These include financial management, human resources, supply chain management, manufacturing, and other areas. ERP software allows for real-time data sharing, which improves decision-making, efficiency, and production.
This China ERP market report extensively covers market segmentation by deployment (cloud and on-premise) and end-user (manufacturing, retail and distribution, IT and telecom, healthcare, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
The growing focus on improving operational efficiency among enterprises is driving growth in the China enterprise resource planning market size. To increase the efficiency of their business, enterprises are increasingly adopting ERP solutions in China. The use of ERP software enables the linking of various business functions across a company to a single system to facilitate access and monitoring of data in real-time.
Moreover, the availability of a wide range of ERP Software in the Chinese market, coupled with the increasing focus of enterprises toward capitalizing on the benefits of ERP, The implementation of ERP systems by numerous enterprises in this nation has been on the rise. This, in turn, will drive the growth of the market in focus during the forecast period.
The rising adoption of ERP among financial institutions is a key trend in the China enterprise resource planning market share. Different ways of assessing new technology, such as the blockchain, the Internet of Things (IoT), artificial intelligence (AI), and cognitive computing can drive the growth of their businesses, are considered by China's banking institutions. Financial institutions in China, such as credit unions, banking, trust companies, and insurance sectors, are keen on adopting these technologies in conjunction with ERP to enhance their business growth.
However, ERP solutions are expected to witness high adoption in China for their use in banking operations such as cash accounting, payment processing, cash management, and transactional security. An ERP solution integrating with technologies like artificial intelligence and machine learning can analyze and provide useful insights from vast data sets and aid users in the decision-making process. Few benefits are expected to boost the growth of the China - Enterprise Resource Planning (ERP) Market during the forecast period.
The high risk of cyberattacks on ERP software is a major challenge in the China - Enterprise Resource Planning Market. End users are increasingly dependent on ERP Software due to the increasing penetration of the solution in China. Hence, the risk of cyberattacks on ERP platforms and the severity of such attacks have also been increasing in the country. The increasing volume of sensitive or classified data on ERP systems has increased the magnitude of potential losses for customers in the event of a cyberattack.
Moreover, ERP systems carry companies' sensitive information and business-critical data, which is highly attractive to hackers. As cloud-based ERP is gaining a lot of popularity in China, many mission-critical applications and processes run on the cloud are being interacted with by a large number of users including third parties. This continues to limit the adoption of ERP to some extent in China, which is expected to adversely affect the China enterprise resource planning market growth in focus during the forecast period.
The market share growth by the cloud segment will be significant during the forecast period. The China - Enterprise Resource Planning (ERP) Market is undergoing technological developments and innovations driven by the advent of cloud computing. Over the past five years, cloud ERP sales in China have been growing at a rapid rate. The increasing demand for cloud-based ERP has led market vendors to either introduce separate cloud-based ERP offerings or modify their existing ERP solutions.
Get a glance at the market contribution of various segments View the Free PDF Sample
The cloud segment showed a gradual increase in the market share of USD 2,179.36 million in 2017 and continued to grow by 2021. Cloud ERP software, which allows users to make use of it through the Internet, is usually hosted in remote data centers. The low upfront costs associated with cloud-based ERP have been driving their adoption across organizations in China, especially among small businesses with limited IT budgets and resources.
The manufacturing sector in China has been a primary end-user of ERP and plays a crucial role in the growth of the China - Enterprise Resource Planning Market. In order to make their operations more efficient, increase productivity, and compete globally, Chinese producers are progressively adopting enterprise resource planning technologies. Companies such as Foxconn, a major electronics manufacturer, use ERP systems to successfully manage its vast manufacturing networks. Furthermore, automakers such as BYD and Great Wall Motors use ERP to optimize supply chain management and production processes, ensuring timely delivery and quality control. As China's manufacturing sector expands and evolves, it provides solutions adapted to the specific needs of various manufacturing sub-industries.
The China enterprise resource planning market analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
China ERP Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Forterro UK Ltd.- The company offers abas ERP which is tailor-made ERP software for medium-sized companies that features comprehensive functionality and uncomplicated upgrades.
Epicor Software Corp.- The company offers ERP solutions such as cloud ERP software which simplifies business processes and maximizes ROI by eliminating time-consuming research.
Fujitsu Ltd.- The company offers ERP software called Glovia G2 used for supply chain planning and optimization, finance management, and manufacturing chain, through its subsidiary called Fujitsu China Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The China ERP market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
China ERP Market Scope |
|
Report Coverage |
Details |
Page number |
131 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.15% |
Market growth 2023-2027 |
USD 2,960.34 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
9.76 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Dassault Systemes SE, Epicor Software Corp., Forterro UK Ltd., Fujitsu Ltd., Huawei Technologies Co. Ltd., Kingdee International Software Group Co. Ltd., Koch Industries Inc., Microsoft Corp., Neusoft Corp., Odoo SA, Oracle Corp., QAD Inc., Ramco Systems Ltd., Rockwell Automation Inc., Rootstock Software, Sage Group Plc, SAP SE, SYSPRO Pty. Ltd., Workday Inc., and YonYou Network Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.