The ERP market in India has been growing steadily in recent years. This growth mainly happened because older systems couldn’t handle the change to the year 2000. Other factors, such as adopting industry best practices, faster implementation, and better cost predictions, have also played a role.
Many businesses that already use ERP systems are adding more licenses and modules. The number of employees using these systems is increasing. Clients who started with basic modules are now expanding to additional applications. There’s also a trend of replacing customized systems with standard ERP packages.
ERP providers are increasingly focusing on India as many manufacturing companies invest in technology to improve their operations.
Experts have observed steady growth in the ERP market since 2004, driven by higher IT spending.
Between 2004 and 2009, the ERP market in India grew at a rate of 25.2% per year.
In 2004, the ERP market valued at $83 million. By 2009, it was exceed $250 million, driven by the increasing adoption of ERP systems by manufacturers in India. These systems enabled decision-makers to access important information more easily.
Many smaller manufacturers in India rely on easy-to-use ERP systems tailored to their specific needs. These systems must also handle local changes in taxes and laws. Small and medium businesses in industries like automotive, healthcare, and textiles are adopting ERP solutions to stay competitive.
