NEW YORK, March 14, 2011 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Enterprise Resource Planning (ERP) software integrates all the functions of business. It enables planning of products, interacting with suppliers, purchasing & controlling distribution of products, tracking of orders, efficient customer service, and managing of inventory, finances, accounts and human resources.
China is becoming one of the major destinations for the multinational companies, who are looking for expansion of their business operations. The increase of global operations in China is leading to the up-gradation of the IT systems, which include ERP. Thus, the Chinese ERP market is emerging as the fastest growing market.
The major market for ERP solutions in China include financial, human resource, and supply chain management applications. The various sectors for ERP solutions include the government, education, finance, health, retail, distribution, etc.
The Chinese ERP market is witnessing an increased competition, with the international companies entering the local market. These international players provide ERP solutions at lower costs compared to the existing local Chinese players, ensuring competition in the market. Also, these companies provide more valuable options at low cost to gain preference in the Chinese ERP market.
This report by TechNavio Insights provides the market estimates of the ERP market in China, and the market segmentation based on geographies. It also provides the current market trends, growth drivers, and inhibitors in the Chinese ERP market.
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