India is one of the fastest growing countries which is transforming into the IT Hub and there are many major players be it in Proprietary or Open source category constantly working and promoting Indian marketing with their ERP solutions.
In India Enterprise Resource Planning (ERP) solutions are growing and playing a major role for Small and medium size industries specifically, apart from the Big Enterprise. ERP system helps in streamline the business processes technically and functionally both for SME’s which again adding advantages towards greater ROI.
In India ERP software previously were used only for Back office functionalities due to lack of awareness. But today as per facts it is believed that ERP market in India is booming and used for minor departments of the organizations such as helpdesk, support and so on . .
Some of the news articles on the growth of ERP implementations for Indian markets
Reported by Times Of India
“Indian manufacturers and natural resources companies will spend Rs 40,800 crore on IT products and services in 2013, an increase of 9.1% over 2012 revenue of Rs 37,400 crore, according to Gartner, Inc. This forecast includes spending by manufacturers and natural resource companies on internal IT (including personnel), hardware, software, external IT services and telecommunications.”
TechNavio’s analysts forecast the ERP Software market in India to grow at a CAGR of 22.2 percent over the period 2011-2015. One of the key factors contributing to this market growth is the growing demand of ERP in SMBs. The ERP Software market in India has also been witnessing the growing adoption of SaaS-based ERP.
The use and implementation of ERP software in India today is showing a rapid growth – as per gartners research – ERP market in India is projected to grow by 13% this year. Apart from the Major ERP software vendors – The trend among other ERP software vendors is the expansion and catering to small and medium sized businesses.
ERP software implementation growing in India since it allows Indian companies to increase the productivity with proper system in place. Although Finance & Budgets are considered as one of the main determination while implementing ERP solutions. As an options Indian companies can opt for Open source ERP software which is cost effective and can be implemented easily with customizations as per the requirement.
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Source of the reports
> Time of India & TechNavio’s