ERP Systems Statistics


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Erp Systems Statistics 2023: Facts about Erp Systems outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Erp Systems, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

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Top Erp Systems Statistics 2023

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Erp Systems “Latest” Statistics

  • The ERP market is still experiencing rapid growth, and by 2025, its total size is anticipated to exceed $49.5 billion.[1]
  • The ERP software market expanded by 9% in 2019, bringing the total software revenue worldwide to approximately $39 billion.[1]
  • In 2019, ERP saw revenue growth in all areas, with strong administrative ERP growth of 7 percent and human capital management (HCM) growth of 10 percent, respectively.[1]
  • In North America, the ERP market is worth more than $10 billion.[1]
  • Through 2027, an emerging ERP market in Asia-Pacific is anticipated to grow at a CAGR of 9.8%.[1]
  • Over the next five years, global market growth is anticipated to increase at a CAGR of over 8.1%.[1]
  • In addition to CRM, 53% of IT decision-makers surveyed stated that ERP was a priority investment.[1]
  • ERP systems will soon be acquired, upgraded, or planned for the update by 50% of businesses.[1]
  • By 2026, it is anticipated that the global market for ERP software will reach $78.4 billion.[1]
  • 67% of distributors and manufacturers polled in 2019 said that their implementations had been successful or very successful.[1]
  • 95% of businesses saw an improvement in their business processes after implementing ERP.[1]
  • 85 percent of businesses implementing ERP had a projected ROI timeline, according to a study.[1]
  • In a group of businesses that implemented ERP, the ROI time averaged just over 2.5 years.[1]
  • Implementing cost savings (46 percent), improving performance metrics (46 percent), and increasing transaction efficiencies are the three most frequently mentioned business objectives.[1]
  • When requested to choose regions where ERP created return for money invested, the best three responses were decreased IT costs (40%), diminished stock levels (38%), and decreased process duration (35%).[1]
  • The ownership of an ERP system costs between 3 and 5% of annual revenue for midsize businesses with revenues below $1 billion.[1]
  • The ownership of an ERP system costs between 2 and 3 percent of annual revenue for large businesses with revenues exceeding $1 billion.[1]
  • Between 2014 and 2024, the aerospace and defense sectors are anticipated to experience the highest ERP software adoption growth rate, at 8.86%.[2]
  • In 2020, it is anticipated that the Asia-Pacific ERP software market will grow to $9.77 billion.[2]
  • By 2020, it is anticipated that the market for cloud computing will total $411 billion.[2]
  • At a CAGR of 7%, the global ERP software market is anticipated to reach $47 billion in revenue between 2017 and 2022.[2]
  • In the coming years, ERP and customer relationship management (CRM) adoption will continue to be the top priorities of 53% of businesses.[2]
  • ERP software generates over $25 billion annually and is anticipated to expand at a rate of 10% to 20% annually.[2]
  • ERP software applications were utilized by 38% of EU businesses in 2021.[3]
  • The proportion of EU businesses employing enterprise resource planning (ERP) in 2021 ranged from 33% for small businesses to 81% for large businesses.[3]
  • The global ERP software market is expected to reach $94.71 billion in 2020, up 0.69 percent from $94.05 billion in 2019.[4]
  • The global market for ERP software is expected to reach $95.37 billion in 2021, up from $94.71 billion in 2020.[4]
  • The global ERP software market is expected to reach $96.04 billion in 2022, $96.71 billion in 2024, and 97.15 billion in 2024.[4]
  • From 2021 to 2023, Reportlinker projects that the global ERP software market will expand at a CAGR of 8% and reach $181.5 billion.[4]
  • Only 86% of businesses that started communicating before or after choosing ERP software and putting it into use consider their project a success.[4]
  • ERP consulting services are utilized by 65% of small businesses.[4]
  • 96% of new businesses that do well in their industry rely on an ERP solution in some way.[4]
  • The average savings for small businesses that negotiated with ERP service providers were 21%.[4]
  • The annual sales of ERP software worldwide exceed $25 billion, with annual growth rates of 10 to 20 percent.[5]
  • ERP is viewed as one of the most important investment areas by 53% of businesses.[5]
  • By 2026, the global ERP software market is expected to be worth $78.40 billion, with a CAGR of 10.2% between 2019 and 2026.[5]
  • ERP software typically costs $9000 per user.[5]
  • The aerospace and defense sectors will have seen the greatest rate of ERP software adoption growth by 2021.[5]
  • Cloud-based ERP systems are preferred by 62.7 percent of businesses over on-premise software.[5]
  • High-quality data, which is essential to effective analytics and insights, is only effectively created and enhanced by 5 percent of organizations using ERP.[5]
  • When implementing an ERP system, approximately 27% of business respondents are concerned about security breaches.[5]
  • ERP systems will soon be acquired, upgraded, or planned for an update by 50% of businesses.[5]
  • According to a recent survey of IT executives, 53% agreed that an ERP system is not only an investment but also a priority.[6]
  • 95% of businesses have shown that their business processes have improved.[6]
  • Cloud ERP has been chosen over on-premise software by 62.7 percent of businesses that use an ERP system.[6]
  • A staggering eighty percent of IT developers strongly believe that AI or machine learning can completely replace many ERP processes.[6]
  • In terms of ERP systems, 43% of market leaders are currently looking for new and improved technologies.[6]
  • One-time payments are used to deploy 14 percent of ERP software on-premises.[7]
  • 23% of ERP software is hosted externally, while 77% is hosted internally.[7]
  • 77% of businesses used a software-as-a-service model for their ERP system, while 23% used a hosted system.[7]
  • Nearly half (49%) of the companies that implemented ERP successfully went live within the allotted time frame; 13 percent went live sooner than anticipated, 27 percent were a little late, and 11 percent did not go live within the allotted time.[7]
  • 88% of businesses say that implementing ERP helped them succeed.[7]
  • ERP projects are deemed successful by 93% of businesses that implement them.[7]
  • 93% of businesses rate their ERP project as a success.[7]
  • 53% of customers are pleased with their ERP system, while 38% are neutral, 7% are dissatisfied, and 3% are very dissatisfied.[7]
  • According to a recent survey, 53% of IT decision-makers thought ERP systems were an important investment and should be their top priority.[8]
  • Eighty percent of IT developers believe that AI and machine learning can take the place of ERP processes.[8]
  • According to a survey, 84% of respondents estimated or actually spent less than 2% of their annual income on ERP.[8]
  • Accounting and finance personnel accounted for 23% of ERP software purchasers, followed by employees of the IT department with 23% of the vote.[8]
  • The global ERP software market expanded by 9% in 2019, resulting in software revenue of at least $39 billion worldwide.[8]
  • By 2022, global app spending is expected to reach $226.9 billion, accounting for a significant portion of the market’s size.[8]
  • According to Reportlinker, the global ERP software market will expand at a CAGR of 8% starting in 2021 and reach $181.5 billion in 2023.[8]
  • The ERP software market worldwide was anticipated to reach $95.37 billion in 2021, up from $94.71 billion in 2020.[8]
  • 57% of ERP systems take longer than anticipated to complete.[9]
  • 54 percent of ERP systems surpass budget targets.[9]
  • ERP executives are dissatisfied by 32%.[9]
  • 39% of ERP laborers are unsatisfied.[9]
  • At-large operational disruptions occur in 40% of ERP systems.[9]
  • 41% of businesses don’t get more than half of the benefits they expected.[9]

Also Read

How Useful is Erp Systems

One of the key benefits of ERP systems is their ability to integrate and automate various business functions, such as finance, human resources, supply chain management, sales, and marketing. By centralizing this information in one system, organizations can access real-time data, eliminate redundant tasks, and make decisions based on accurate and up-to-date information.

Additionally, ERP systems provide a single source of truth for an organization’s data, reducing the risks associated with errors and inconsistencies that can occur when using separate, disconnected systems. This allows employees from different departments to work together more effectively, collaborate on projects, and make better-informed decisions to drive business outcomes.

Moreover, ERP systems can also help businesses improve customer satisfaction by enhancing their ability to deliver products and services efficiently, accurately, and on time. With features such as inventory management, order tracking, and customer relationship management (CRM), organizations can respond quickly to customer demands, anticipate future needs, and provide personalized experiences that build loyalty and retention.

Furthermore, ERP systems can provide valuable insights through powerful analytics tools that help organizations track performance, identify trends, and forecast future outcomes. By analyzing data across different functions and departments, businesses can gain a deeper understanding of their operations, uncover opportunities for improvement, and develop strategies to drive growth and profitability.

Despite these benefits, implementing an ERP system can be a complex and costly undertaking for many organizations. The initial investment in software, hardware, implementation, training, and ongoing maintenance can be significant, in addition to the time and resources needed to customize the system to meet specific business requirements.

Organizational resistance to change is another common challenge when implementing ERP systems, as employees may be resistant to new technologies and ways of working. Without buy-in and support from key stakeholders, such as management and frontline staff, the success of an ERP implementation may be compromised, leading to suboptimal results and wasted resources.

Additionally, ERP systems are not a one-size-fits-all solution and may not address every organization’s unique needs and challenges. Companies may need to invest in additional modules, add-ons, or integrations to fully realize the benefits of their ERP system, increasing both costs and complexity.

In conclusion, while ERP systems can offer significant benefits in streamlining operations, improving decision-making, and enhancing customer satisfaction, organizations should carefully assess their specific needs, goals, and resources before embarking on an ERP implementation. By understanding the potential benefits and challenges of ERP systems and taking a strategic and collaborative approach to their adoption, businesses can maximize the value they derive from these powerful tools and drive sustained success in today’s competitive marketplace.

Reference

  1. 4acc – https://4acc.com/article/erp-stats-facts-and-trends/
  2. amzur – https://amzur.com/blog/erp-software-solutions-top-trends-in-2020/
  3. europa – https://ec.europa.eu/eurostat/statistics-explained/index.php/E-business_integration
  4. financesonline – https://financesonline.com/erp-statistics/
  5. g2 – https://learn.g2.com/erp-statistics
  6. twm – https://twm.com.sg/erp-statistics/
  7. ecisolutions – https://www.ecisolutions.com/blog/30-erp-facts-and-statistics-smb-2022/
  8. epcgroup – https://www.epcgroup.net/top-50-erp-statistics-and-trends-for-2022/
  9. erpfocus – https://www.erpfocus.com/ten-erp-failure-statistics.html

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