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What Is The Reason For ERP Market Growth In India?

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In India ERP market grew at the rate of 25% in the last five years from $83 million to around $180 million in the year 2010 and it is expected that the business will continue to increase because a number of small and midsized companies which are now aware of the benefits of automation are trying to improve the working conditions by going for implementation.

ERP is popular with companies in discrete and process manufacturing, production, complex manufacturing for verticals, defence, aviation, banking, real estate, infrastructure and other project based organizations. The manufacturing units are benefited as it increases the number of production cycles and automate material engineering methods. It can help in designing projects, take decisions and design new engineering products.

In India the demand for complex manufacturing is more and companies are in search of customized products which can meet the complex requirements of the company. Some years earlier companies did not consider ERP as a backbone of an organization instead it was considered a secondary way of doing the same work. In 1990's many Indian companies did not believe that automated system can completely meet the changing demand of their business.

Another obstacle for ERP was the expensive implementation procedure and many midsized companies were not ready to spend resources on system which can fail at any time. But now the situation is changed and a number of vendors are providing low cost products and even customized products are available in market and it has been tested and retested in market.

Some of the new and attractive trends of ERPs in India are

1. The new systems are aimed to provide low cost solutions to organization and even the business organizations are aware of the technical aspects and need of automated systems.

2. With the new developments in technology, a number of products have been designed and are introduced which eases the complete process and automation.

3. The market is growing and number of companies going for automation has increased in the last few years. The organization which has already implemented ERP are going for license for many new modules and the companies are also taking up the updated versions to maintain the system.

4. A new trend in ERP is to replace the old system with a new fully integrated package as it reduces expense on maintenance and technical support.

5. A number of banks and government organizations in India have started using ERPs for everyday transactions and with the new growth, hospitals and hotel industry has also started using online customer care provision to increase business and to provide better service.

6. In India a number of local products such as Ramco solutions, Tally, 3i Infotech, Eastern Software Systems, Godrej Infotech, and Base Information are leading providers of ERPs, and the current generations of providers are concentrated towards web based software solution which can be easily implemented and is easy to customize.

7. New business components are designed to meet the varying needs of different organizations. The new components are designed in open platform and it can be integrated to third party application.

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