Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Finance
Customer Relationship Management (CRM) Software Market in China 2012-2016

China CRM software market: 16% CAGR between 2012-2016


Print article Print article
© companiesandmarkets.com

companiesandmarkets.com
companiesandmarkets.com
2014-02-24 05:24:04 - Customer Relationship Management (CRM) Software Market in China 2012-2016 - a new market research report on companiesandmarkets.com

The China CRM software market in China is to grow at a CAGR of 15.64 percent over the period 2012-2016. One of the key factors contributing to this market growth is the high demand for Software-as-a-Service (SaaS)-based CRM Software. The CRM Software market in China has also been witnessing the need for CRM software in lower tier cities. However, the security concerns with SaaS-based CRM software could pose a challenge to the growth of this market.

In order to sustain their growth rate, several enterprises in China are expanding into the tier-two and tier-three cities of China. This is especially so in the Retail sector in China which is booming, and consumer spending is expected to double during 2012-2016 presenting abundant

 

 

growth opportunities to retail companies in lower-tier cities. However, companies are facing several challenges in managing operations in these cities. In such cities, there is scarcity of experienced distributors and qualified sales managers. CRM software is emerging as a basic necessity for organizations that are looking for expansion in lower-tier cities. The CRM software helps such organizations by acting as a communication platform between customers and marketing or brand executives.

One of the major drivers is the high demand for SaaS-based CRM software. Since SaaS-based CRM requires no hardware or software for its implementation and therefore no need for upgradation of software, this technology is very popular among SMEs in China.

Security concerns with SaaS-based CRM software is one of the major challenges confronting this market. The SaaS-based CRM vendors act as third-party vendors managing enterprise-wide customer data. Storage of sensitive and personal data on the third-party cloud poses some risk of data security and breach, which is often a reason for concern to managers and decision makers of the enterprise.

The key vendors dominating this market space are Microsoft Corp., Oracle Corp., SAP AG, and UFIDA Software Co. Ltd. The other vendors mentioned in the report are AsiaInfo Linkage, 800App CRM, Bokesoft Information Co. Ltd., Golden Abacus Software Co. Ltd., Kingdee International Software Group Co. Ltd., MyCRM, Neusoft Corp., Salesforce.com, TurboCRM, and Xtools.

Click for report details: www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Market Research Reports www.companiesandmarkets.com/Market/Information-Technology/Market ..

Browse all Information Technology Company Profile Reports www.companiesandmarkets.com/Market/Information-Technology/Compan ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Author:
Mike King
e-mail
Web: www.companiesandmarkets.com
Phone: London: +44 (0) 203 086 8600

Disclaimer: If you have any questions regarding information in these press releases please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims contents contained in this release.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser