Keywords: Cloud, Enterprise Resource Planning (ERP), Software as a Service (SaaS), Industry, Manufacturing, Small and Medium Businesses (SMB) Cloud, Small and Medium sized Enterprises (SME) Cloud, Micro, Small and Medium Enterprise (MSME), On Demand
India’s market for Cloud ERP is largely driven by the fact that it eliminates upfront capital expenditures on hardware and software and the required IT staff.
A number of megatrends also affect the Cloud ERP market in India, including the growth of small-to-medium enterprises (SMEs) and micro small-to-medium enterprises (MSMEs) that can now access full blown, best-of-breed ERP solutions via the Cloud. Cloud ERP is also gaining acceptance in Tier 2 (organizations with annual turnover between $250 million and $1 billion); and in some cases Tier 1 (organizations with annual turnover >$1 billion). “The Cloud ERP market in India is comparatively less mature than the other markets in the world, but is likely to witness double-digit growth within the forecast period. The main reason for this growth is India’s growing IT adoption in the MSME and SME segments and in industries such as education and services,” according to Senior Analyst Neelam Singh, the co-author of ARC’s “ERP in the Cloud for India Market Research Study.”
Cloud ERP Has Expanded Beyond Manufacturing
Cloud ERP now goes beyond manufacturing, cutting across manufacturing, retail, education, government, and services sectors. Both suppliers and users are of the belief that “an enterprise is an enterprise” - all need enterprisewide solutions.
ARC’s “ERP in the Cloud for India Market Research Study” provides an in-depth analysis of the ERP in the cloud business in India. In addition to market analysis and forecasts, the study covers the current market nuances, strategic issues, and the future outlook. The report also highlights the factors that influence the Cloud ERP market in India and its dynamics.
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