India Manufacturing ERP Market to 2027 - Country Analysis and Forecasts by Deployment Model (On-premises, and Cloud ); End-user Industry (Automotive, Consumer Electronics, Metallurgy, Pharmaceuticals, Energy, Food & Beverage, Chemicals, Retail & Garments, and Others)
The India Manufacturing ERP market accounted to US$ 262.7 Mn in 2018 and is expected to grow at a CAGR of 11.9% during the forecast period 2019 – 2027, to account to US$ 712.7 Mn by 2027.
India has the fastest growing economy, which has created intense competition with the country’s exposure to advanced technology, has necessitated the implementation of ERP solutions across various industries for streamlining different processes of operation, finance, and alignment of resources is increasing. The growing implementation and usage of technology and automation in the manufacturing sector and stringent regulatory compliances and growing need for its adherence are two of the major factors responsible for the growth of India Manufacturing ERP market. The Indian market comprises around 60% of the SME companies who already adopted these manufacturing ERP solutions that are attributed to the low-cost manufacturing ERP solutions as well as the availability of a considerable number of skilled technical and functional talent. There are various benefits of using ERP solutions such as reduced manufacturing cycle time, reduced inventory, reduced error in ordering reduced planning cycle time, reduced requirement of manpower, better utilization of resources, increased customer satisfaction, enable faster response to changing market situations, and enables outreach. Thus, due to the increasing number of SMEs leads to propel the growth of the India Manufacturing ERP market. Consequently, presenting tremendous opportunities for the rise in the business of India Manufacturing ERP market players.
Market Insights
Growing implementation and usage of technology and automation in the manufacturing sector propel the India Manufacturing ERP market
In the current business settings, almost everything in the end-to-end industrial and manufacturing environment is becoming intelligent, smart, and connected. There are new forms of discrete and process manufacturing, sensors, connected objects and smart machines that are emerging, and changing the ecosystem of how exchange and collaboration between people, machines, data, and technologies were done earlier. Today’s digital plant of smart manufacturing heavily relies on collecting, sorting, and analyzing the data and information, and turning them into business values, this increased demand is expected to fuel the growth of India Manufacturing ERP market.
High upfront costs involved in the implementation and up gradation may restrain the future growth of the India Manufacturing ERP market
Enterprises across the globe, especially Small and Medium-Sized enterprises are quite skeptical in investing in any new software or solutions, as it involves a high initial CAPEX and cost associated with its constant up-gradation and maintenance in the later part, due to their budget constraints. SMEs is no exception in this list, and it’s obvious that new enterprises are a bit hesitant in adopting this solution.
Enterprises that want to adopt ERP solutions need to be well educated and informed by solution providers in advance, about the intricacies of its implementations, such as the cost associated with the software license and its renewal, maintenance, service charges, training and consulting among others. Thus, these factors may hinder the growth of the India Manufacturing ERP market.
Deployment Model Segment Insights
Speed has become an essential competitive differentiator in the present market scenario, and the companies investing in new solutions expect to see the results quickly. The cloud-based manufacturing ERPs are best suited for small and midsize enterprise businesses, which has lower upfront costs, ease of access, and system stability. 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. Thus, anticipated to create significant market space for India Manufacturing ERP market players.
End-User Industry Segment Insights
The India Manufacturing ERP market on the basis of end-user industry is segmented into automotive, consumer electronics, metallurgy, pharmaceuticals, energy, food & beverage, chemicals, retail & garments, and others. The food & beverages segment led the India Manufacturing ERP market, by offerings and is anticipated to continue its dominance during the forecast period. With the growing consumer choice, and demand for high quality fresh, chilled as well as frozen products, the F&B industry is demanding manufacturing ERP solution to streamline the overall process which varies from selecting the products to packaging and dispatching are the major factor driving the revenue generation of the end-user industry segment in the India Manufacturing ERP market.
India Manufacturing ERP Market by Deployment Model
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Strategic Insights
Market Initiatives was observed as the most adopted strategy in India Manufacturing ERP market. Few of the recent market initiatives are listed below;
2019: Epicor has been selected by Taiwan’s Chin Fong Machine Industrial Co., Ltd. to execute global ERP. The solution will support the business operations.
2018: Fujitsu Limited has successfully completed design efforts of the preparation for a full-scale implementation of SAP S/4HANA manufacturing solution. The solution is used for the production, engineering and operation purpose.
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2017: Epicor partnered with Redington India, for distributing Epicor ERP industry-specific solutions to boosting the growth and presence in Indian manufacturing industry.
India Manufacturing ERP MARKET SEGMENTATION
India Manufacturing ERP Market – By Deployment Model
- On-Premise
- Cloud
India Manufacturing ERP Market – By End-User Industry
- Automotive
- Consumer Electronics
- Metallurgy
- Pharmaceuticals
- Energy
- Food & Beverage
- Chemicals
- Retail & Garments
- Others
India Manufacturing ERP Market - Company Profiles
- 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
- Infor Inc.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 India Manufacturing ERP Market – By Deployment Model
1.3.2 India Manufacturing ERP Market – By End-User Industry
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Manufacturing ERP Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Premium Insight
5. Manufacturing ERP Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing implementation and usage of technology and automation in the manufacturing sector
5.1.2 Stringent regulatory compliances and growing need for its adherence
5.2 Key Market Restraints
5.2.1 High upfront costs involved in implementation and up gradation
5.3 Key Market Opportunities
5.3.1 High degree of integration with other solutions
5.4 Future Trends
5.4.1 Integration of AI and other advanced technologies
5.5 Impact Analysis Of Drivers And Restraints
6. Manufacturing ERP Market – Global Market Analysis
6.1 India Manufacturing ERP Market Overview
6.2 India Manufacturing ERP Market Forecast And Analysis
6.3 Market Positioning- Top Five Players
7. Manufacturing ERP Market – By Deployment Model
7.1 Overview
7.2 India Manufacturing ERP Market Breakdown, By Deployment Model, 2018 & 2027
7.3 On-Premises
7.3.1 Overview
7.3.2 India On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Cloud
7.4.1 Overview
7.4.2 India Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
8. Manufacturing ERP Market Analysis – By End-User Industry
8.1 Overview
8.2 India Manufacturing ERP Market Breakdown, By End-User Industry, 2018 & 2027
8.3 Automotive
8.3.1 Overview
8.3.2 India Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Consumer Electronics
8.4.1 Overview
8.4.2 India Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Metallurgy
8.5.1 Overview
8.5.2 India Metallurgy Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Pharmaceuticals
8.6.1 Overview
8.6.2 India Pharmaceuticals Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Energy
8.7.1 Overview
8.7.2 India Energy Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Food & Beverages
8.8.1 Overview
8.8.2 India Food & Beverages Market Revenue and Forecasts to 2027 (US$ Mn)
8.9 Chemicals
8.9.1 Overview
8.9.2 India Chemicals Market Revenue and Forecasts to 2027 (US$ Mn)
8.10 Retail & Garments
8.10.1 Overview
8.10.2 India Retail & Garments Market Revenue and Forecasts to 2027 (US$ Mn)
8.11 Others
8.11.1 Overview
8.11.2 India Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Manufacturing ERP Market - Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 New Development
10. Company Profiles
10.1 CBO Infotech Pvt. Ltd.
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 CRIMS (Unicode Solutions)
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Epicor Software Corporation
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Gamut Infosystems Ltd.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Netsoft Solutions India Private Limited
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Infor INC.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Oracle Corporation
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 SAP Se
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
10.9 The Sage Group plc
10.9.1 Key Facts
10.9.2 Business Description
10.9.3 Products and Services
10.9.4 Financial Overview
10.9.5 SWOT Analysis
10.9.6 Key Developments
10.10 Teknovative Solution
10.10.1 Key Facts
10.10.2 Business Description
10.10.3 Products and Services
10.10.4 Financial Overview
10.10.5 SWOT Analysis
10.10.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary
LIST OF TABLES
Table 1. Manufacturing ERP Market Ecosystem Analysis
Table 2. India Manufacturing ERP Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Table 3. Glossary of Terms, Manufacturing ERP Market
LIST OF FIGURES
Figure 1. Manufacturing ERP Market Segmentation
Figure 2. Manufacturing ERP Market, By Deployment Model
Figure 3. Manufacturing ERP Market, By End-User Industry
Figure 4. Manufacturing ERP Market Overview
Figure 5. India Manufacturing ERP Market PEST Analysis
Figure 6. Manufacturing ERP Market Ecosystem Analysis
Figure 7. Manufacturing ERP Market Impact Analysis Of Drivers And Restraints
Figure 8. India Manufacturing ERP Market, Forecast And Analysis (US$ Mn)
Figure 9. Market Positioning- Top Five Players
Figure 10. India Manufacturing ERP Market Breakdown by Deployment Model, 2018 & 2027 (%)
Figure 11. India On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. India Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. India Manufacturing ERP Market Breakdown by End-User Industry, 2018 & 2027 (%)
Figure 14. India Automotive Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. India Consumer Electronics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. India Metallurgy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. India Pharmaceuticals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. India Energy Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. India Food & Beverages Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. India Chemicals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. India Retail & Garments Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. India Others Market Revenue and Forecasts to 2027 (US$ Mn)
The List of Companies
- 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
- Infor Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the India manufacturing ERP market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the India manufacturing ERP market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth India market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.
Frequently Asked Questions
The ERP is often and easily integrated with other solutions such as supply chain management solution, MES solutions, product lifecycle management solutions, and other IT systems. This ease in integration provided by ERP solution provides immense opportunities to end-users to improve overall supply chain visibility, regulatory compliance, customer satisfaction, agility and time to market, machine utilization and foster energy efficiency and sustainable production. For instance, ERP systems can directly pull data from database, and share the analysed data directly with key stake holders, with minimum human intervention. The data can be further analysed for examining the outcomes of business.
Food & beverage led the market in 2018 and is expected to continue its dominance during the forecast period. With the growing consumer choice, and demand for high quality fresh, chilled as well as frozen products, the F&B industry is demanding manufacturing ERP solution to streamline the overall process which varies from selecting the products to packaging and dispatching.
Cloud based deployment held the major market share of manufacturing ERP market in 2018. The cloud is more extensive when compared to on-premise deployment, owing to which enterprise linked with cloud are benefitted with continuous, on-demand scalability. The cloud-based manufacturing ERPs are best suited for small and midsize enterprise businesses, which has lower upfront costs, ease of access, and system stability. 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 sectors.