Declining prices and shrinking profit margins are driving manufacturers in India to invest in ERP systems with the hope of reaping the benefits of synchronizing production and business processes. Growth in this market is expected to be 25% over the next five years according to the study "ERP Software & Services Outlook for India" by ARC Advisory Group, a Dedham, Ma.-based research firm. The ERP market was $83 million in 2004, and is forecast to be over $250 million in 2009.
"Manufacturers in India are increasingly implementing ERP solutions to ensure that decision makers have the required information visibility across the value chain," according to ARC senior analyst Libi Baskaran.
ERP systems are being adapted by small and medium-sized businesses in India that produce products across industry and micro verticals including automotive, pharmaceuticals and textiles. These companies are looking to ERP to meet both specific process requirements as well as business issues including tax and statutory requirements.
Additional information on this study can be found at: www.arcweb.com/res/erp-ind
Interested in information related to this topic? Subscribe to our weekly Value Chain eNewsletter.