India Enterprise Resource Planning (ERP) Market Future Outlook: Projections until FY2028

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According to a report by TechSci Research titled "India Enterprise Resource Planning Market - Trends & Opportunities, FY2028," the India enterprise resource planning market is poised for significant growth during the forecast period, FY2024-FY2028. This growth is primarily driven by rapid technological advancements and increasing demand for data-driven decision-making solutions. Enterprise resource planning (ERP) software integrates various business processes, including financial management, supply chain, manufacturing, and human resources, under a single platform. This consolidation offers enhanced data connectivity, productivity tools, and e-commerce solutions, thereby optimizing organizational performance and boosting employee productivity.

However, concerns regarding confidential data loss and high implementation costs of ERP solutions may pose challenges to market growth in the forecast period.

The India enterprise resource planning market is segmented based on component, deployment type, function, end-user, and enterprise size. The software segment is expected to dominate the market, driven by increased adoption of ERP software for data management and storage purposes. Additionally, the integration of big data analytics technology and the focus on providing personalized user experiences are expected to further drive market demand.

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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:

• Software
• Services

• India Enterprise resource planning Market, By Deployment Type:

• On-Premises
• Cloud

• 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

On-premises deployment is anticipated to hold the largest market share, offering enterprises easier management of operations and resources. Financial management solutions are expected to account for a significant market share, given the streamlined business processes and compliance features they offer.

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 manufacturing industry is projected to be the largest end-user of ERP software, supported by government initiatives and investments in the manufacturing sector. Large enterprises are expected to lead market adoption due to their need for centralized data management and increased operational efficiency.

The emergence of cloud-based ERP solutions is expected to drive market growth, offering shared computing resources for data storage and real-time access. Cloud-based solutions also reduce upfront infrastructure costs and provide scalability for efficient operations. Additionally, the growing number of startups offering affordable ERP solutions and the expanding IT industry are expected to further propel market growth.

TechSci Research predicts that the India Enterprise Resource Planning Market will witness significant growth and provide insights into market size, structure, and future opportunities, assisting decision-makers in making informed investment decisions.

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