ERP Systems Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

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 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Erp Systems Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

On this page, you’ll learn about the following:

Top Erp Systems Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 69 Erp Systems Statistics on this page 🙂

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 centralize data and automate processes, allowing for real-time access to critical information across departments. This streamlines communication and collaboration within an organization, resulting in better decision-making and operational efficiency. Whether it’s managing inventory, tracking sales orders, or monitoring financial transactions, ERP systems provide a comprehensive view of the business, enabling managers to make informed decisions quickly.

Another significant advantage of ERP systems is their scalability and customization capabilities. As businesses grow and evolve, their needs change, and ERP systems can adapt to accommodate these changes. From small businesses to large corporations, ERP systems offer modules and features that can be tailored to suit specific industry requirements and business processes. This flexibility ensures that the system remains relevant and continues to add value as the business expands.

Furthermore, ERP systems promote data integrity and security by centralizing information in a single database. This reduces the risk of errors and duplication, as well as ensures that sensitive data is protected from unauthorized access. By automating routine tasks and providing role-based access controls, ERP systems help mitigate the potential for human errors and ensure compliance with industry regulations and standards.

Yet despite these benefits, the usefulness of ERP systems ultimately depends on the level of investment and commitment from the organization. Implementing an ERP system requires a significant upfront investment in terms of time, resources, and training. Companies must be willing to dedicate the necessary resources to properly implement and maintain the system, as well as provide ongoing support and training to users.

Additionally, companies must be prepared for the potential challenges that come with ERP implementation. Resistance from employees, cultural barriers, and organizational change management issues can all hinder the successful adoption of an ERP system. It is essential for companies to engage stakeholders across the organization, communicate effectively, and provide the necessary training and support to ensure a smooth transition to the new system.

In conclusion, ERP systems can be incredibly useful for businesses that are willing to commit the necessary resources and effort to implement and maintain the system effectively. From improving operational efficiency to enabling data-driven decision-making, ERP systems offer a wide range of benefits that can help businesses stay competitive in today’s fast-paced and dynamic business environment. However, companies must be aware of the challenges and pitfalls of ERP implementation and take proactive steps to address them in order to maximize the usefulness of their ERP system.

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

Leave a Comment