Cloud Erp Market in India Is Expected to Grow at a Cagr of 25.4% During the Forecast Period 2015-2020

Cloud ERP Market in India is expected to Grow at a CAGR of 25.4% during the forecast period 2015-2020 – by Market Research Engine

New York, March 17: Market Research Engine has published a new report titled as “Cloud ERP Market in India by Deployment (Public, Private, Hybrid) By Enterprise Type (Small & Medium Enterprises, Large Enterprises – Trends & Forecast, 2015-2020”.

Cloud ERP is the technology that makes use of cloud technology and platforms for providing ERP software. The use of cloud offers more flexibility and transforms the business processes. The Indian cloud ERP market is comparatively less mature than other markets in the world but expected to grow in the future due to increasing demand from SME’s. The increased competition and globalization have become the key drivers for SME’s to deploy ERP on cloud to minimize infrastructure cost. The factors such as low IT manpower, low operational cost, data backup and recovery and ubiquitous access are encouraging SME’s to move ERP on cloud.

The overall ERP market in India is expected to grow at a CAGR of 25.4% during the forecast period 2015-2020. The future market is driven by cloud ERP adoption among enterprises of all sizes. Also, cost advantages and flexibility that it brings to the organization fosters the market. The SME segment is expected to drive cloud ERP market more than that of large enterprises. The cloud ERP adoption in SME segment is expected to grow at a CAGR of 23.9% during the forecasted years 2015-2020. However, the security issues related to cloud technology and increasing regulatory compliances will affect the market.

Browse Full Report here: http://www.marketresearchengine.com/reportdetails/cloud-erp-market-india

Government and large enterprises are investing lot in cloud technology that will give lot of opportunities to the vendors trying to enter the market. For instance, Indian government has initiated “Make in India” project to protect and help companies to start and...