 08-Apr-19, China Briefing 

The Chinese SaaS market is still relatively small, indicating that there is significant room for foreign firms to be strong competitors in both developed and underdeveloped product segments.

In 2017, the software and information technology services industry as a whole was valued at RMB5.5 trillion (USD825 billion); the SaaS industry, however, only had a market size of RMB16.9 billion (USD2.5 billion).

Currently, customer relationship management software (CRM), office automation software (OA), intelligent manufacturing software (IM), and office collaboration software are the most developed product markets in China. Other business segments are still in the very early stages of expansion but are expected to grow as the SaaS market develops.

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