Enterprise Resource Planning or ERP Software Market in India has emerged in the last decade as a one of the major contributors to ERP Sales in the Global Market. Some Experts believe that the ERP Sales in North American and European Continents has seen a decline in terms of Implementation Projects. Most ERP Project uptakes have been on Upgrades, Add On Modules, Enhancements and Roll Outs across different business areas.
The ERP market has picked up tremendously in the Indian Domestic sector. Interest of the SMEs or SMBs to uptake ERP products for their operations has seen gradual increase in ERP Sales in India. ERP majors like SAP, Oracle, Microsoft, Sage and Inform has been continuously innovating new products keeping India Localization into view. ERP Licensing cost has been trimmed across product lines, which makes it easier for SMEs to uptake the product. Also a lot of funds are allocated for marketing these products across Industries in India. Companies have started to educate the Indian IT Buyers about the Benefits of the ERP Products.
Foreign Investment in the Indian Market across different industries has helped create inroads of ERP into India. The parent foreign company running its business on an ERP system sometimes mandates the usage for ERP for the Indian Subsidiary as well. The increasing number of Financial Organizations in India has seen increase in sales of CRM and Business Intelligence Tools.
Another reason for Popularity of ERP in India is the number of ERP Consulting Companies that have emerged in the past few years. The focus of these consulting companies is no longer on the Northern American or the West European Countries alone. ERP Sales and Consulting in India has allowed these companies to create revenue pockets in the Domestic Market as well.
The Recession of this year has seen such companies approaching the Public or the Government Sector to increase ERP Sales.
The Indian ERP Market has been a lot of changes in the past decade. It has become a major contributor to world ERP Sales. A lot of potential still exists for ERP Vendors to close sales and make new deals with Indian IT Buyers. ERP in India is here to stay and reach more growth in the coming years.