Latest News- ERP Market in China: Cloud is expected to lead the Deployment segment during 2025-2029

The ERP Market in China is being driven by Growing focus on improving operational efficiency among enterprises

The ERP Market in China is expected to grow at a CAGR of 12% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4394.9 million. Financial institutions in China are actively exploring the integration of emerging technologies, such as blockchain, IoT, AI, and cognitive computing, with Enterprise Resource Planning (ERP) systems to drive business growth. Institutions, including credit unions, banks, trust companies, and insurance sectors, are keen on adopting these advanced technologies to streamline operations, enhance efficiency, and improve customer experience. In April 2023, Huawei introduced its MetaERP system, marking its entry into the commercialization of ERP software as a new business line. Additionally, the company customized an ERP system for a Chinese State-owned enterprise, showcasing its commitment to this sector. These developments underscore the significant potential of ERP solutions in China's financial sector. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud
  • On-premises
• End-user
  • Manufacturing
  • Retail and distribution
  • IT and telecom
  • Healthcare
  • Others
• Sector
  • Large enterprises
  • Medium enterprises
  • Small enterprises
• Application
  • Finance and human resources (HR)
  • Supply chain management (SCM)
  • Customer relationship management (CRM)
  • Others
• Geography
  • China

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing focus on improving operational efficiency among enterprises
• Increasing demand for ERP solutions among SMEs
• Enterprises seek supply chain traceability and visibility

However, the market also witnesses some limitations, which are as follows:

• High risk of cyberattacks on ERP software
• ERP integration challenges
• Limited bandwidth and connectivity issues

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Market Scope in ERP Market in China Research Report

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Research Analysis Overview

In China's ERP market, medium-sized and manufacturing businesses are increasingly adopting cloud-based ERP solutions for datadriven decisions. Open source software and cloud applications are popular, with IT technologies and cloud services enabling mobile-friendly ERP on devices. ERP implementation for human resource and supplier relationship management is common, while large enterprises opt for single tenant cloud-based platforms in colocation or managed data centers. Cloud deployment and third-party integrators facilitate advanced technologies like CRM and inventory cost management for both medium and large enterprises.

Market Research Overview

In the dynamic business landscape of China, medium-sized enterprises (MSEs) are increasingly adopting data-driven decision-making and advanced IT technologies to optimize operations and reduce inventory costs. This trend is driving the growth of the cloud-based Enterprise Resource Planning (ERP) market in China. Open source and cloud-based ERP solutions are gaining popularity due to their flexibility, cost-effectiveness, and ease of integration with cloud services and mobile devices. Technavio's market analysis estimates the global application software market size, which includes ERP software, to reach significant growth in the coming years. This expansion is attributed to the increasing adoption of cloud applications and services by businesses worldwide.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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