India Manufacturing ERP Market to Reach US$ 712.7 Mn at a CAGR of 11.9% in 2027

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)

  • Report Code : TIPRE00007900
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 94
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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

India Manufacturing ERP Market by Deployment Model
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India Manufacturing ERP Market: Strategic Insights

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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.

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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


What are market opportunities for manufacturing ERP market?

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.

Which end-user industry most commonly use manufacturing ERP?

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.

Which deployment model has the highest demand for manufacturing ERP?

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.

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

  1. CBO Infotech Pvt. Ltd.
  2. CRIMS (Unicode Solutions)
  3. Gamut Infosystems Ltd.
  4. SAP SE
  5. Netsoft Solutions India Private Limited
  6. Teknovative Solution
  7. Epicor Software Corporation
  8. Oracle Corporation
  9. The Sage Group plc
  10. Infor Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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