The Indian cloud Enterprise Resource Planning (ERP) market, while currently less mature compared to global counterparts, holds immense potential for future growth. This burgeoning landscape is being propelled by the increasing demand from Small and Medium-sized Enterprises (SMEs). Heightened competition and globalization are the driving forces compelling SMEs to embrace cloud-based ERP solutions, thereby minimizing infrastructure costs.
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Key Motivators for Cloud ERP Adoption by SMEs:
- Limited IT manpower
- Low operational costs
- Data backup and recovery capabilities
- Ubiquitous access to critical business data
Major players in the Cloud ERP market in India include Oracle, Ramco, SAP, Wipro, among others. This report offers unique insights into the Indian Cloud ERP market, delving into drivers, restraints, growth opportunities, as well as providing analyses and forecasts of revenues, competitive landscapes, company profiles, and industry trends.
Region/Country Coverage
- Indian Market
The SME Focus
ERP vendors are increasingly directing their attention toward Small and Medium-sized Enterprises (SMEs), recognizing the vast potential this market segment presents. These vendors are consistently enriching their solution offerings by incorporating additional features and delivering vertical solutions tailored to meet specific industry standards and requirements.
Mergers and Acquisitions: As part of their expansion strategies, large ERP vendors are actively acquiring smaller players in the Indian market. This consolidation aims to strengthen their partner base and enhance their competitive positioning in a region poised for significant growth in the industrial and infrastructure sectors over the next five years.
Advantages of Cloud ERP
The adoption of cloud ERP solutions considerably reduces the investment required in alternative IT resources and offers greater flexibility to organizations. Enterprises are increasingly transitioning from on-premises ERP systems to cloud-based solutions. Moreover, the ability to access ERP from mobile devices such as smartphones and tablets is poised to drive cloud ERP adoption further, intensifying competition in the market.
Growth Outlook
The overall ERP market in India is anticipated to experience substantial growth, primarily driven by the adoption of cloud ERP across enterprises of all sizes. The cost advantages and flexibility inherent in cloud ERP solutions are key drivers of this trend. While both large enterprises and SMEs are embracing cloud ERP, the SME segment is expected to drive this market segment’s growth more significantly. SME adoption of cloud ERP is projected to grow at a CAGR of 23.9%, while the large enterprise segment is expected to grow at a CAGR of 27.6% during the forecasted period from 2015 to 2020.
Key Market Players
- EPICOR Software Corporation
- NetSuite Inc.
- Ramco Systems Ltd
- INFOR
- QAD INC
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