India is today a major consumer market
and emerging significantly in the global economy. The boost has been from
various sectors and industrial development. According to a survey out of about
30 emerging markets India ranks the top. Development in various sectors like
healthcare, infrastructure and financial sectors has fueled the growth. Foreign
direct investment is all time high. The investments in start-ups have been the
highest in this year 2016.
The present government initiatives on
ease of doing business and make in India has attracted foreign companies setup
their facilities. The Information technology scenario in India has been favorable
and impacted positively. Small and medium businesses are striving to get organized
and automated with the help of ERP Service Providers in India. With the help of
enterprise software and integration businesses are trying to become more
efficient and survive the competition from global players.
ERP on cloud has helped make the
Indian business more secured with data backup and other disaster recovery
features. Besides other big players in Cloud services, Microsoft also has come
up with their data centers in India and offering Azure services. Expand ERP is
one such erp solution provider in india offering the service on Azure
cloud bringing absolute reliability and scalability to Indian small and medium
business. The global companies are betting high on the start-ups and also on
such innovative ERP software companies who are adding value to businesses and
making them more efficient and productive.
As the economy has become liberalized
and transactions across borders are increasing in the digital space, the
companies have to gear up for higher and higher volumes. Such volumes cannot be
handled by basic software and any serious business will have to adopt some
enterprise solution to integrate the processes and control costs. The ERP
market in India is expected to exponentially grow at a CAGR of 25.4% until
2020. The major contributor in the growth of ERP is Cloud. Enterprises of all
sizes are driven towards cloud based ERP.
The adoption of Cloud ERP in the
small and medium sector has outperformed the large companies. However with the
growing awareness of Cloud the companies also need to know the best practices
in cyber security like not to share login details and not to leave systems open
when away from desk. Various banks in India are doing an excellent work in
making end users aware of such best practices from Net banking and other online
business transactions. In a nutshell the future is driven by cloud and SME is
the frontrunner in India.
No comments:
Post a Comment
Thank you for your Comments.
ExpandERP Team