The India enterprise
resource planning market is expected to witness a growth of robust CAGR in the
forecast period, FY2024-FY2028. The market is driven by the increased demand
for effective and affordable solutions among the organizations to optimize and streamline
operations. The ongoing digitization trend of the public and private
institutions and government policies supporting the growth of the IT industry
are accelerating the demand for enterprise resource planning software. Also,
the rise in operational efficiency and transparency in business processes and
the growing popularity of mobile and cloud-based applications are expected to
influence the market demand over the next five years.
The Ongoing Digitization
Drives the Market Demand
India has the presence of
more than half a billion internet subscribers, and it is one of the largest and
fastest-growing bases of digital consumers. Due to high-speed internet
facilities all over the country and the advancements in digital solutions, the
change in prominent sectors of the country is evident. Also, the government of
India boosts the development of small and medium-sized enterprises by launching
several initiatives under the Atmanirbhar Bharat scheme. Also, in the union
budget, the government has tried to support the Digital India mission and has
emphasized the importance of technology in all focus areas like skills and
infrastructure.
A strong economic position
and the massive number of ongoing business activities have accelerated the
adoption of digital platforms in enterprises. The outbreak of COVID-19 further
shifted the organizations to work on digital platforms. Enterprises are
constantly looking for solutions that can help them achieve the required
operational efficiency and transparency in the business processes while not
burden the organizations financially. They look for a centralized solution to
handle a variety of businesses, and the enterprise resource planning software
proves to be an ideal solution. Sales and marketing, finance and accounting,
human resource management, and supply chain management can be easily managed
under a single platform by enterprise resource planning software. The companies
usually hire third-party solutions to manage the data entered in the enterprise
resource planning software, which further improves the operational efficiency
of an organization. Therefore, the rise in awareness about the possible
benefits of installing enterprise resource planning software is expected to
fuel the market growth over the next five years.
Integration of Big Data and
Analytics Solution in Software Supports the Market Growth
The new treasure is data that
organizations are collecting from every possible source. Organizations collect
huge amounts of data for their day-to-day operations. Enterprises are looking
for solutions that can handle such a variable and huge volume of data and help
organizations to make informed decisions. Big data and analytics technology is
expected to create new growth avenues for the India enterprise resource planning
market as there is high demand for analytics-based solutions. Analytics
technology will help the organizations gain real-time insights, real-time
logistics and supply chain management, and analysis of the quality of the
production volume. The continuous launch of novel enterprise resource planning
solutions by the market players integrated with advanced technologies is
expected to accelerate the market growth over the next five years.
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Market Segmentation
The India Enterprise resource
planning market is segmented into component, deployment
type, function, end user, enterprise, regional distribution, and competitive
landscape. Based on component, the market is divided into software and services.
Based on deployment type, the market is bifurcated into on-premises and cloud.
Based on function, the market is divided into finance, human resource, customer
management, inventory management, supply chain, others. Based on end user, the
market is divided into manufacturing, BFSI, healthcare, retail, government
& utilities, IT & telecom, and others. Based on enterprise, the market
is divided into medium, large, and small. The market is also studied on the
basis of regional distribution and the regions are majorly divided into north,
east, south, and west.
Market Players
IBM India Pvt Ltd, SAP India,
Oracle India Private Limited, The Sage Group India, Microsoft India Private
Limited, Infor (India) Private Limited, Epicor Software India Private Limited,
ESI Software (India) Private Limited, Workday, Inc., Syspro Software Company, are
the major market players operating in the India enterprise resource planning market.
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Attribute
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Details
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Base Year
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FY2022
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Historic Data
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FY2018 – FY2021
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Estimated Year
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FY2023
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Forecast Period
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FY2024 – FY2028
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2018-FY2022 and FY2023-FY2028
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Component
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Deployment Type
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Function
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End User
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Enterprise
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Region scope
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North, East, West, South
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Key companies profiled
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IBM India Pvt Ltd, SAP India, Oracle
India Private Limited, The Sage Group India, Microsoft India Private Limited,
Infor (India) Private Limited, Epicor Software India Private Limited, ESI
Software (India) Private Limited, Workday, Inc., Syspro Software Company
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, India enterprise
resource planning market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- India Enterprise resource planning Market, By Component:
- India Enterprise resource planning Market, By Deployment Type:
- India Enterprise resource planning Market, By Application:
- Finance
- Human Resource
- Customer Management
- Inventory Management
- Supply Chain
- Others
- India Enterprise resource planning Market, By End User:
- Manufacturing
- BFSI
- Healthcare
- Retail
- Government & Utilities
- IT & Telecom
- Others
- India Enterprise
resource planning Market, By Region:
o North
o East
o South
o West
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India enterprise resource planning
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
India Enterprise resource planning Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]