Indian Manufacturing ERP market was valued at USD 256.2 million in 2019 and is expected to reach at USD XX million by 2027 at a CAGR of XX % over forecast period 2020-2027.
India Manufacturing ERP Market Scenario:
The opening up of the Indian economy has led to a significant growth of the SMEs, medium enterprises and large enterprises across manufacturing industry vertical. This growth and along with that the associated competition and quest for enhancing market share has led the organizations to re-look at their processes and procedures and put in place proper processes enablers and solutions to make its business more efficient and effective. One of the key solutions to address this requirement is implementation of enterprise resource planning (ERP) systems. Various applications of ERP Systems such as improving business metrics by process optimization, improving the entire supply chain process, integration across functionalities and increasing transparency across the organization are driving the market over forecast period.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
However, various factors such as time consuming ERP implementation process and managing plethora of Vendor management is not easy are restraining the market growth over forecast period.
An Increasing adoption of IoT, Big data and automation in the manufacturing sector are expected to create lucrative opportunities for manufacturing ERP market over forecast period. Data obtained from IoT devices is unstructured, exhaustive and extensive. To accommodate this data manufacturing companies are adopting ERP systems.
India Manufacturing ERP Market Segmentation Analysis
India Manufacturing ERP Market is segmented by Enterprise size, by deployment type, and by end users. By enterprise size market is segmented into SMEs and Large Enterprises. Among all of these SMEs enterprises segment held highest market share in 2018 and expected to keep its dominance over forecast period. The Indian market comprises around 60% of the SMEs. These SMEs are adopting ERP due to the low-cost manufacturing ERP solutions as well as the availability of a considerable number of skilled technical and functional talent. The introduction of ERP in SMEs is helping to move up the value chain in terms of market credibility and building the confidence of its stakeholders.
By deployment type, market is segmented into Cloud and on premises. Among these Cloud deployment segment is held highest market share in 2018 and expected to keep its dominance over forecast period. Cloud service is used for offering high service accessibility at minimum costs, as well as many organizations are taking advantage of cloud service to offers services and storing critical data, thus, creating a massive demand for manufacturing ERP across different sector.
India Manufacturing ERP Market Competitive Landscape
The report covers key developments and company profiles of major key players. Some of the players SAP SE, IQMS, Ramco Systems, NetSuite, Inc., Epicor Software Corporation, Oracle, CBO Infotech Pvt. Ltd, CRIMS (Unicode Solutions), Gamut Infosystems Ltd, Netsoft Solutions India Private Limited. These key players are adopting various organic and inorganic growth strategies such as merger and acquisition, expansion, joint ventures, diversification, patent and new software development etc. to sustain continuous growth in the marketplace and to increase their business operations.
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Scope of India Manufacturing ERP Market
India Manufacturing ERP Market Segmentation by Deployment Model
India Manufacturing ERP Market Segmentation by End-user Industry
• Consumer Electronics
• Food & Beverage
• Retail & Garments
India Manufacturing ERP Market Segmentation by Enterprise Size
• Large Enterprises
India Manufacturing ERP Market Major players
• CBO Infotech Pvt. Ltd.
• CRIMS (Unicode Solutions)
• Gamut Infosystems Ltd.
• SAP SE
• Netsoft Solutions India Private Limited
• Ramco Systems
• NetSuite, Inc.
• Epicor Software Corporation
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