India Enterprise Resource Planning (ERP) Market Introduction
Over the last decade, enterprise resource planning (ERP) market has witness healthy growth in India with prominent vendors offering business process specific automation solutions that are equipped with wide range of functionality, scalable, and can be integrated with different business solutions. ERP is an integrated module of business process specific solutions that enable organizations plan and manage their core business activities such as manufacturing, inventory management, sales, and other supportive business operations including HR, marketing, and accounting. ERP solutions help enterprises to integrate process and data into one single system over a network. India ERP market is projected to experience paradigm shift owing to introduction of cloud-based ERP modules, changes in pricing models, and widening application area in various industry verticals.
Implementation of ERP solutions is very complex in nature and it becomes one of the major challenges for large size organization with legacy IT system to adapt such a considerable change in existing business processes at a faster pace. However, SMBs in India are investing amount on ERP solutions and are able to experiment more easily by deploying cloud-based ERP modules. This, in turn, is fuelling growth of the India ERP market across the country at a significant rate.
Below are the major factors responsible for India ERP market growth or decline:
- Enhanced visibility and improves business productivity by saving time
- Ensures enterprise mobility, enable users to have access to centralized data from anywhere and anytime
- ERP solutions help end user organizations to meet regulatory compliances especially in manufacturing and banking & finance industries
- Growing adoption of IoT and digital technologies
- Expanding demand for cloud-based ERP solutions
- High cost associated with deployment of on-premise ERP modules
- Large scale changes in existing business processes
- Lack of acceptance in organizations using traditional ways of running business
The India ERP market has been classified based on various segments such as by offering, solution, service, deployment model, enterprise size, and end user. Below is the detailed breakdown of these segments:
- Human Resource
- Inventory Management
- Supply Chain
- Other ERP Solutions
- Implementation & Integration
- Training & Support
- Other ERP services
By Enterprise Size
- Large Enterprise
- Small & Medium Enterprise
By End User
- Government & Education
- Energy & Utility
- Aerospace & Defense
- IT & Telecom
- Transportation & Logistics
- Other End users
India Enterprise Resource Planning Market Competitive Landscape
Major ERP vendors identified in India ERP market are SAP SE, Microsoft Corporation, NetSuite Inc., Oracle Corporation, Infor, Epicor Software Corporation, Tally Solutions Pvt. Ltd., IFS AB, Sage Group plc, and QAD. These players are focused towards introduction user friendly, cost-effective and customized ERP solutions to meet specific client requirements. Also, multinational players are focused towards expanding their geographical presence through partnerships, acquisitions and operational expansion strategies. Other players offering ERP solutions operating in the market are Advanta Innovations, Deltek, Odoo S.A. and ECI Software Solutions etc.
This research report on India ERP market 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.