October 31, 2013 - Enterprise Resource Planning (ERP) is one of the last enterprise application to get into the cloud environment. It comes in a Software as a Service (SaaS) model that eliminates the on-premise implementation with its up front capital expenditures for hardware and software, along with the required IT staff. Currently, most of the end users are SMEs and MSMEs because of all the reasons associated with the cloud ERP market that now allows them access to a full blown, best-of-breed ERP solution eliminating the huge upfront costs associated with traditional on-premise ERP solutions.
According to Neelam Singh, Senior Analyst, ARC Advisory Group India, and co-author of this study, “The ERP in the Cloud market in India is comparatively less mature than the other markets in the world. There are a number of reasons for that, but shortly the Indian market will continue to witness double-digit growth in the forecast period due to India’s growing IT adoption in the MSME and SME segments. Sectors such as education and services are sure to see some more maturity in the adoption of ERP in the cloud. Manufacturing industries, such as chemicals, food & beverage, aerospace & defense, and mining & metals will experience above average growth in the forecast period.”
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