SAP sees huge potential in China market

China is highly likely to emerge as the largest market for German software company SAP SE, as local enterprises embrace cutting-edge technologies such as cloud computing to accelerate their digital transformation, its Chief Executive Officer Bill McDermott said.

"I will not be surprised if China becomes our largest market by 2025, with local companies scrambling to upgrade their corporate management methods and factories with digital technologies," McDermott said as a personal forecast.

On Wednesday, the company deepened its partnership with Chinese internet heavyweight Alibaba Group Holding Ltd. The two sides will collaborate, co-innovate and jointly go to market to offer SAP S/4HANA Cloud, a digital cloud suite. Alibaba Cloud's customers will also be able to deploy the SAP Cloud Platform to extend their current business solutions, build new applications and integrate third-party technologies.