TechNavio today launched its report ERP Software Market in India 2011-2015 based on an in-depth study focusing exclusively on India. The report aims to aid decision makers and understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said; ”Enterprises in India are increasingly adopting Software-as-a-Service (SaaS)-based Enterprise Resource Planning (ERP) software. This is because SaaS-based ERP software is much easier to implement than traditional ERP software. Moreover, it eliminates the need for additional hardware and software integration, thereby reducing the overall infrastructure cost. In addition, SaaS-based ERP eliminates the need for additional manpower. The adoption rate of SaaS-based ERP solutions has been growing tremendously every year and is also expected to contribute to the overall growth of the ERP market in India in the next few years.”
According to the report, one of the major drivers is the growing demand for ERP in the small and medium-sized business (SMB) sector in India. Most of the SMBs in India are adopting ERP solutions to integrate their data, reduce operation expenses, and maximize profits. To meet this demand, several vendors are developing low-cost ERP software for SMBs. In addition, the increasing need among organizations to improve their efficiency is another driver contributing to the growth of the ERP market in India.
Further, the report also discusses that one of the main challenges hindering this market is the high cost of ERP software.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/erp-software-market-india-2011-2015
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TechNavio Announces the Publication of its Report – ERP Software Market in India 2011-2015
