India Manufacturing ERP Market to 2027 - Country Analysis and Forecasts by Deployment Model; End-user Industry

The India Manufacturing ERP market accounted for US$ 262.7 Bn in 2018 and is expected to grow at a CAGR of 11.9% over the forecast period 2019-2027, to account for US$ 712.7 Bn in 2027. During the forecast period of 2019 to 2027, the positive growth outlook towards implementing stringent regulatory compliances and growing need for its adherence is expected to drive the India manufacturing ERP market. However, the challenges related to high upfront costs involved in implementation and up gradation may restrain the future growth of the India Manufacturing ERP market. Despite these limitations, the high degree of integration with other solutions is projected to offer ample growth opportunities for the players operating in the India Manufacturing ERP market during the forecast period Some of the leading players in India Manufacturing ERP market are highly focusing on strategic market initiatives to enrich their production capabilities as well as to expand their geographical presence across the globe. Also, the players are focusing on receiving numerous strategies to focus strongly on the India Manufacturing ERP market. This, in turn, is contributing to the growth of the India Manufacturing ERP market.

The India Manufacturing ERP market has been segmented on the basis of deployment model, end-user industry, and geography. Based on deployment model, the market has been segmented into on-premises and cloud. Cloud segment represented the largest share of the overall market throughout the forecast period, is expected to be the fastest-growing. Based on end-user industry, the India Manufacturing ERP market has been segmented into automotive, consumer electronics, metallurgy, pharmaceuticals, energy, food & beverage, chemicals, retail & garments, and others. In 2018, Food & Beverage contributed a substantial share in the India Manufacturing ERP market.

The manufacturing ERP solutions are designed to support the synchronization of overall production processes as well as deliver departments with sufficient information. India manufacturing ERP market is focusing strongly on implementing advanced technologies across various industries such as automotive, retail, pharmaceuticals, and chemicals, among others. As per India Brand Equity Foundation (IBEF), the Indian automotive industry is the 4th largest in the world as its sales are rising with 9.5% year-on-year which estimated to be about 4.02 million units (excluding two-wheelers) in the year 2017 and became 7th largest manufacturer of commercial vehicles in the year 2018. Similarly, India is the 7th largest producer of chemicals across the world and is the 3rd largest producer of chemicals across Asia. India also ranked 3rd across the globe in the production of agrochemicals. All these factors propel the growth of India Manufacturing ERP market in the forecast period.

The overall India Manufacturing ERP market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the India Manufacturing ERP market. It also provides the overview and forecast for the India Manufacturing ERP market based on all the segmentation. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultant such as valuation experts, research analysts and key opinion leaders specializing in the India Manufacturing ERP market. Some of the players present in India Manufacturing ERP market are CBO Infotech Pvt. Ltd., CRIMS (Unicode Solutions), Gamut Infosystems Ltd., SAP SE, Netsoft Solutions India Private Limited, Teknovative Solution, Epicor Software Corporation, Oracle Corporation, The Sage Group plc, and Infor Inc.

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