What is the reason for ERP market growth in India?

ERP market in India steadily growing for the last few years and the main reason for this enormous

growth can be attributed to the inability of order system to manage the conversion to year 2000.

There are also other factors such as industry best practices, easy and faster implementation and

good cost predictions.

Another factor behind the growth is that already existing clients acquire more licences and

modules. The number of employees using the ERP system is increasing and the ERP clients

who have started with the basic modules are going for subsequent applications. There is also a

trend to replace customized system with standard application packages, like an ERP system.

India is expected to present ERP suppliers an important marketplace as manufacturing

companies are significantly investing in technology solutions to improve their manufacturing

operations.

According to observation made by some experts in the field, the ERP market started showing

solid organic growth since 2004 as IT spending improved.

The Indian ERP market experienced CAGR (compounded annual growth rate) of 25.2 during the

period of 2004-2009. The market was $83 million in 2004, and is projected to be over $250 million

in 2009, according to a research report.

The report further clarifies that manufacturers in India are increasingly implementing ERP

solutions to ensure that decision makers have the required information visibility across the value

chain.

Majority of Indian manufacturers are small by global standards, requiring easy-to-use ERP

solutions to meet their specific process requirements, including localisation needs to address the

continually evolving tax and statutory requirements. Small and medium enterprises across

industry verticals and micro verticals, such as automotive, pharmaceuticals, and textiles, are

leveraging ERP solutions to gain sustainable competitive advantages.

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