ERP software essential for both enterprise and SMEs 

Enterprise resource planning (ERP) is a business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back office functions related to technology, services and human resources. The ERP market is expected to increase above $49.50 Billion by 2022 Globally. 

Together with the on-premises ERP market, the cloud ERP market is slowly gaining grounds. The cloud ERP software is hosted on a cloud computing platform, rather than on premises within an enterprise's own datacenter. The Indian market is expected to grow in the future due to increasing demand from SMEs. Factors such as low IT manpower, low operational costs, data backup and recovery access are encouraging SMEs to migrate ERP to the cloud.

Key Takeaways: The cloud ERP adoption in SME segment is expected to grow at a CAGR of 23.9% during the period of 2015–2020, while the overall ERP market in India is expected to grow at a CAGR of 25.4%. However, security issues related to cloud technology and rising regulatory compliances will restrain the market. As a result of this, the ERP vendors are aggressively focussing on SMBs. The deployment is expected to grow more dynamically due to the emerging trends of cloud and increased access via mobile devices.

Cool Vendors: Microsoft, SAP, Tally, Oracle, Marg ERP, Ramco, Infor, Ginesys and Deskera