Demand for Efficient and Centralized Operations is Inflicting Growth in ERP Market26 Sep 2011 • by Natalie Aster
Mumbai – Increased requirement to cater with ever expanding business operations raises demand for ERP solutions so as to facilitate efficient and better controlling of business procedures.
Due to large growth in business activities, companies are lifting up their business by an abundant margin which in turn is resulting in a constant increase in ERP adoption in India. Currently, the market is estimated at INR 400.2 bn and is anticipated to achieve a CAGR of 25% to reach INR 983.4 bn by 2015.
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Published: September 2011
Price: US$ 475.00
Enterprise Resource Planning Market – Overview:
- Increasing trade activities and globalization in the country is constantly raising the need for better and efficient monitoring of business operations which in turn is fuelling growth in the Indian ERP market.
- Features offered by ERP such as centralized monitoring of business operations, accurate financial management and an enhanced work productivity, makes it desirable amongst firms and organizations.
- Abundant presence of established players coupled with the entry of newer players is resulting in the formation of healthy competition, which in turn is leading to emergence of better ERP services and solutions.
ERP Market – Size & Growth (India)
ERP Market Share (20--)
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