India's ERP software market size was valued at $5.6 billion in 2018 and is expected to reach $14.31 billion by 2026, registering a CAGR of 12.5% during the forecast period of 2019 to 2026.
- Definition / Scope
- Market Overview
- Key Metrics
- Market Risks
- Market Trends
- Industry Challenges
- Technology Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Technology Roadmap
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
ERP (Enterprise Resource Planning) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services, and human resources.
The term ERP used to refer to how large organizations of the industrial type planned to use organizational wide resources.
ERP provides an integrated and continuously updated view of core business processes using common databases maintained by a database management system. ERP systems track business resources: cash, raw materials, production capacity, and the status of business commitments: orders, purchase orders, and payroll.
The applications that make up the system share data across various departments (manufacturing, purchasing, sales, accounting, etc.) that provide the data. ERP facilitates information flow between all business functions and manages connections to outside stakeholders.
Enterprise Resource Planning or ERP has changed the way businesses are conducted all over the world, and India is no exception. In India, more and more organizations are integrating ERP solutions into their business for optimizing their resource utilization, ergo improving profits.
ERPs help associations to decrease general cost, at the same time expanding efficiency, enhancing reaction time, bringing down stock levels and improving for client introduction. It likewise helps in enhancing their administration and operational control.
Table: India ERP Software Market Key Segments
|By Component||Software |
|By Business Function||Finance |
Human Resource (HR)