The Indian cloud ERP market is comparatively less mature than other markets in the world but expected to grow in the future due to increasing demand from SME’s. The increased competition and globalization have become the key drivers for SME’s to deploy ERP on cloud to minimise infrastructure cost. The factors such as low IT manpower, low operational cost, data backup and recovery and Ubiquitous access are encouraging SME’s to move ERP on cloud. Some of the major providers of ERP on cloud are Oracle, Ramco, SAP, Wipro and etc. The report provides unique insights into and in-depth analysis of Cloud ERP market in India, drivers and restraints as well as growth opportunities. It also contains analysis and forecasted revenues, competitive landscape, company profiles and industry trends.
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The market is in a growing stage where it is witnessing many vendors trying to create a cloud ecosystem and strategic collaborations to reach out to the SMEs in Indian market, and the market revenue is estimated to reach $97.8 million by 2015,” said Biswo Ranjan Bal, Research Analyst, Infoholic Research. As the Indian market is expecting a high growth in industrial and infrastructure sector in the next five years, major vendors are looking to strengthen their partner base in this region.
Manufacturing industry vertical is the major contributor to the cloud ERP market in India. The ‘Make in India’ initiative by the Indian government is a big boost to this sector. It contributes nearly 24.1% of the total cloud ERP market in India. In addition, most of the cloud ERP in manufacturing vertical is driven by the growth of SMEs and adoption of cloud ERP by them. It contributes nearly 69.3% to the total cloud ERP market in manufacturing.
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ERP vendors are now focusing on small and medium-sized enterprises (SMEs) as the market is huge and are consistently trying to include more features in their solution offerings and provide vertical solutions to meet specific industry standards and needs. Large vendors, as a part of their expansion strategy, will continue to acquire small players in the market. As the India region is expecting a high growth in industrial and infrastructure sector in the next five years, major vendors are looking to strengthen their partner base in this region. The cloud ERP considerably reduces the investments required in the alternative IT resources and offers greater flexibility. Hence, enterprises are shifting from on-premise to cloud ERP. Feature of accessing ERP from mobile devices such as smartphones and tablets would increase adoption of cloud ERP and become more competitive. The overall ERP market in India is expected to grow in the future mainly driven by the cloud ERP adoption among enterprises of all sizes. The cloud ERP market again is mainly driven by the cost advantages and flexibility which it brings to the organization. The SME segment is expected to drive cloud ERP market more than that of large enterprises. The cloud ERP adoption in SME segment is expected to grow at a CAGR of 23.9%, whereas large enterprise segment is expected to grow at a CAGR of 27.6% during the forecasted years 2015-2020, respectively.
Implementation Through Partners
Small & Medium Enterprises
Aviation, Aerospace & Defense
Public Sector & Government
Infrastructure & Real Estate
Engineering Procurement & Construction
Transportation and Logistics
Banking, Financial Services & Insurance (BFSI)
Energy & Utilities
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Key Players :
EPICOR Software Corporation
Ramco Systems Ltd
• It is estimated that by 2020, the manufacturing vertical will contribute the most among other verticals and the market is expected to grow at a CAGR of 19.4% from 2015 to 2020.
• Private cloud ERP market has the highest market share with 70.0% of the overall cloud ERP market, but hybrid cloud ERP has a higher growth prospects and the market is expected to grow at a CAGR of 62.1%% from 2015 to 2020.
• The SME market is mostly driven by the private cloud deployment mode and the market is expected to grow at a CAGR of 20.3% from 2015 to 2020.0.
• SME segment has a higher growth rate than large enterprises in implementing ERP through partners and the market is expected to grow at a CAGR of 30.8% from 2015 to 2020.