Cloud ERP Market in India Introduction
Rising migration of organizations towards cloud computing is encouraging enterprise resource planning (ERP) software providers to come up with cloud-based ERP modules to meet changing customer preferences and needs. Enterprises, especially small and medium businesses are increasingly inclined towards deploying ERP software on software as a service model to reduce cost associated with procuring license software and enhance scalability. ERP is an integrated module of software that allows end user organizations to plan, manage and enhance visibility of their core business processes such as production, sales, supply chain, inventory management and other supportive business processes.
Ongoing technological advancements and exponential changes in ERP industry is reshaping the existing ecosystem. Also, to stay ahead in today’s intense competitive marketplace, traditional ERP vendors are focused towards introducing cloud-based ERP module or acquiring small vendors specialized in developing and offering SaaS ERP in order to strengthen their cloud ERP portfolio. This trend is expected remain same in 5- 6 years down the line.
The Cloud ERP market in India is mainly impacted by below listed factors:
- Enhanced business productivity and collaboration among various business functions
- Growing adoption of IoT and digital technologies
- Reduction in overall IT infrastructure related cost
- Improved scalability, flexibility, and interoperability
- Threat associated with data privacy and security
- Inefficient connectivity infrastructure
Cloud ERP market in India has been segmented based on solution, deployment model, organization size, and end user vertical:
- Human Resource
- Inventory Management
- Supply Chain
- Other ERP Solutions
By Deployment Model
- Large Enterprise
- Small and Medium Enterprise
By End User Vertical
- Government & Education
- Energy & Utility
- Aerospace & Defense
- IT & Telecom
- Transportation & Logistics
- Other End users
Cloud ERP Market in India Competitive Landscape
Prominent vendors offering cloud based or SaaS ERP solutions and services in India SaaS enterprise resource planning (ERP) market are Microsoft Corporation, SAP SE, NetSuite Inc., Sage Group plc, Oracle Corporation, Epicor Software Corporation, Infor, IFS AB, Tally Solutions Pvt. Ltd., and QAD. Major cloud ERP providers are emphasizing more on offering customized business solutions to customers to differentiate themselves from competitors and survive long term competition. Other innovative and emerging players offering SaaS ERP solutions in the India SaaS ERP market are Cloud Pencils Pvt Ltd (OnCloudERP), EMERGE App & Higher Identity Technology Pte Ltd., RAMCO Systems Ltd., WorkXmate Technologies Pvt. Ltd., and Foradian Technologies.
This research report on cloud ERP market in India would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.