India Manufacturing ERP Market: Industry Analysis and Forecast (2023-2029)

India Manufacturing ERP Market size was valued at US$ 424.12 Mn. in 2022 and the revenue is expected to grow at 6.32 % through 2023 to 2029, reaching nearly US$ 651.32 Mn.
India Manufacturing ERP Market Scenario:
The opening up of the Indian economy has led to a significant growth of the SMEs, medium enterprises and large enterprises across manufacturing industry vertical. This growth and along with that the associated competition and quest for enhancing market share has led the organizations to re-look at their processes and procedures and put in place proper processes enablers and solutions to make its business more efficient and effective. One of the key solutions to address this requirement is implementation of enterprise resource planning (ERP) systems. Various applications of ERP Systems such as improving business metrics by process optimization, improving the entire supply chain process, integration across functionalities and increasing transparency across the organization are driving the market over forecast period.

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The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

However, various factors such as time consuming ERP implementation process and managing plethora of Vendor management is not easy are restraining the market growth over forecast period.

An Increasing adoption of IoT, Big data and automation in the manufacturing sector are expected to create lucrative opportunities for manufacturing ERP market over forecast period. Data obtained from IoT devices is unstructured, exhaustive and extensive. To accommodate this data manufacturing companies are adopting ERP systems.
India Manufacturing ERP Market Segmentation Analysis
India Manufacturing ERP Market is segmented by Enterprise size, by deployment type, and by end users. By enterprise size market is segmented into SMEs and Large Enterprises. Among all of these SMEs enterprises segment held highest market share in 2022 and expected to keep its dominance over forecast period. The Indian market comprises around 60% of the SMEs. These SMEs are adopting ERP due to the low-cost manufacturing ERP solutions as well as the availability of a considerable number of skilled technical and functional talent. The introduction of ERP in SMEs is helping to move up the value chain in terms of market credibility and building the confidence of its stakeholders.

By deployment type, market is segmented into Cloud and on premises. Among these Cloud deployment segment is held highest market share in 2022 and expected to keep its dominance over forecast period. Cloud service is used for offering high service accessibility at minimum costs, as well as many organizations are taking advantage of cloud service to offers services and storing critical data, thus, creating a massive demand for manufacturing ERP across different sector.
India Manufacturing ERP Market Competitive Landscape
The report covers key developments and company profiles of major key players. Some of the players SAP SE, IQMS, Ramco Systems, NetSuite, Inc., Epicor Software Corporation, Oracle, CBO Infotech Pvt. Ltd, CRIMS (Unicode Solutions), Gamut Infosystems Ltd, Netsoft Solutions India Private Limited. These key players are adopting various organic and inorganic growth strategies such as merger and acquisition, expansion, joint ventures, diversification, patent and new software development etc. to sustain continuous growth in the marketplace and to increase their business operations.
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India Manufacturing ERP Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 424.12 Mn.


Forecast Period 2023 to 2029 CAGR:
6.32 %
Market Size in 2029:
US $ 651.32 Mn.


 Segments Covered:
by Deployment Model
On-premises
Cloud


by End-user Industry
Automotive
Consumer Electronics
Metallurgy
Pharmaceuticals
Energy
Food & Beverage
Chemicals
Retail & Garments
Others


by Enterprise Size
SMEs
Large Enterprises



India Manufacturing ERP Market Key Players
1. CBO Infotech Pvt. Ltd.
2. CRIMS (Unicode Solutions)
3. Gamut Infosystems Ltd.
4. SAP SE
5. Netsoft Solutions India Private Limited
6. IQMS
7. Ramco Systems
8. NetSuite, Inc.
9. Epicor Software Corporation
10. Oracle
11. Infor Inc.
12. Teknovative Solution
13. The Sage Group plc
14. Acumatica
15. Microsoft Dynamics

Frequently Asked Questions:

1. What is the growth rate of India Manufacturing ERP Market?
Ans: The India Manufacturing ERP Market is growing at a CAGR of 6.32% during forecasting period 2023-2029.

2. What is scope of the India Manufacturing ERP Market report?
Ans: India Manufacturing ERP Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

3. Who are the key players in India Manufacturing ERP Market?
Ans: The important key players in the India Manufacturing ERP Market are – CBO Infotech Pvt. Ltd., CRIMS (Unicode Solutions), Gamut Infosystems Ltd., SAP SE, Netsoft Solutions India Private Limited, IQMS, Ramco Systems, NetSuite, Inc., Epicor Software Corporation, and Oracle

4. What is the study period of this Market?
Ans: The India Manufacturing ERP Market is studied from 2022 to 2029.