According to TechSci Research report, “India Enterprise resource planning Market By Field Strength (High- By Region, Competition Forecast & Opportunities, FY2028", the India enterprise resource planning market is anticipated to witness impressive growth during the forecast period, FY2024-FY2028. Factors such as rapid technological advancements and the rise in the demand for data-driven decision-making solutions are primarily driving the market demand. Enterprise resource planning is software that is used to manage the company's financial, supply chain, manufacturing, reporting, operations, and human resource activities. It brings all the different processes together under a single platform and offers data connectivity, productivity tools, and e-commerce and customer engagement solutions. The enterprise resource planning solutions drive the optimal performance of the organizations and increase the productivity of employees.
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However, concerns regarding the confidential data loss and the high implementation cost of ERP solutions may restrain the India enterprise resource planning market growth in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "India Enterprise resource planning Market"
The India enterprise resource planning (ERP) market is categorized into various segments including component, deployment type, function, end user, enterprise, regional distribution, and competitive landscape. In terms of components, the market comprises software and services, with the software segment anticipated to dominate the market share during the forecast period from FY2024 to FY2028. The increased adoption of ERP software across organizations for efficient data management and storage is a key driver for this segment. Additionally, the integration of big data analytics technology and the growing emphasis on delivering personalized user experiences are expected to bolster market demand over the next five years.
Regarding deployment types, the market is segmented into on-premises and cloud solutions. The on-premises deployment model is projected to hold the largest market share in the forecast period. This model offers enterprises a straightforward approach to managing their operations and resources within their own physical infrastructure.
Function-wise, the ERP market includes finance, human resources, customer management, inventory management, supply chain, and other functions. Financial management solutions are poised to hold a significant market share during the forecast period due to ERP software's ability to streamline business processes, budgeting, planning, forecasting, and compliance with regulatory requirements.
In terms of end users, the market segments include manufacturing, BFSI (Banking, Financial Services & Insurance), healthcare, retail, government & utilities, IT & telecom, and others. The manufacturing sector is expected to be the largest consumer of ERP software, driven by government initiatives and foreign direct investments aimed at boosting India's manufacturing capabilities. Initiatives such as the Production Linked Incentive (PLI) scheme in sectors like automotive and drones are further expected to fuel demand for ERP solutions that enhance operational efficiency.
Based on enterprise size, the market is segmented into medium, large, and small enterprises, with large enterprises projected to capture the highest market share during the forecast period. Large enterprises benefit from ERP solutions that facilitate centralized data management across distributed operations, thereby improving overall efficiency. The capability of ERP solutions to effectively manage complex organizational structures is expected to drive adoption among large enterprises, contributing to market growth.
Major market players operating in the India enterprise resource planning market are:
- 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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“The emergence of the cloud-based ERP solutions, which allows the enterprises to store the data on shared computing resources, is expected to create new growth avenues for India enterprise resource planning market. They allow the organizations to upload and access data on any device in real-time and help companies share the information across different divisions. Cloud-based solutions also lower the upfront costs to purchase infrastructure and give the business flexibility and scalability to handle their operations efficiently. Furthermore, the rise in the number of start-ups offering enterprise resource planning solutions at affordable rates and the growing IT industry is expected to propel the growth of India enterprise resource planning market till FY2028” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Enterprise Resource Planning Market By Component (Software and Services), By Deployment Type (On-Premises and Cloud), By Function (Finance, Human Resource, Customer Management, Inventory Management, Supply Chain, Others), By End User (Manufacturing, BFSI, Healthcare, Retail, Government & Utilities, It & Telecom, Others), By Enterprise (Medium, Large and Small), By Region, Competition Forecast & Opportunities, FY2028”, has evaluated the future growth potential of India enterprise resource planning market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India enterprise resource planning market.
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